Sentences with phrase «on the chart pattern rather»
I find that the supplementary rules help to identify more complex pullbacks like a wedge, but the a better entry signals can usually be found based on the chart pattern rather than waiting for a MACD buy signal.
https://www.tradingsetupsreview.com/ Not exact matches
But rather than seek the elusive holy grail of trading, we simply focus on mastering the nuances of the most basic, yet highly reliable and profitable chart patterns.
This is why, in strongly uptrending markets, we find it much easier and more profitable to focus on the price action and technical patterns of individual leadership stocks and ETFs, rather than paying much attention to whether or not the charts of the S&P, Nasdaq, and Dow are «overbought» (we hate that useless term).
Regarding the trading screen time, I would rather say the 1 hour is just for trading purpose, and more time will be spent on reading, studying or may be looking at historical charts say to reinforce our internal mind recognition of price action patterns!