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Chart Patterns Aren't Real Until THIS Happens
by Blake Young
When is a chart pattern NOT a chart pattern?
When it hasn't been CONFIRMED!
Far too many of us jump the gun, letting FOMO drive our decisions.
The scary part is you probably do this without realizing it.
That's what I am to correct today.
I want you to trade signals, not possibilities.
During today's 10% Club session, this principle played out across the euro, gold, and the S&P 500.
Every trade that worked followed the same rule.
The pattern had to break before the trade was live.
How many times have you entered a trade early, watched it reverse, and kicked yourself for not waiting?
Today I waited 20 minutes for a single euro setup to confirm. That patience produced a locked-in winner with $325 of upside on one contract.
The methodology behind that trade is exactly what I cover in tomorrow's Dark Wires session. The signal hierarchy. The stop rules. The confirmation process that keeps you OUT of bad trades and IN the good ones.
Wednesday, March 25 at 2:00 PM Eastern.
Click here to add the Dark Wires session to your calendar.
| Disclaimer: Neither TheoTrade.com or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA |SIPC |NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results. |
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