Congratulations
Reversals have been the key to my success, when properly identified, this is where you find the highest reward to risk ratios. I use a combination of trendlines, PA, volume and fundamental analysis to anticipate reversals on the weekly trends.
And yes you are right, it leaves you so much free time. And the best part is that you make money while you're out having dinner, playing golf, etc.
I'm still surprised that so many people put so much effort into short term ( 4 HR or less ) technical analysis.
Kind makes you wonder, if 95% of traders are losing money than why do what 95% of the traders are doing?
Reversals have been the key to my success, when properly identified, this is where you find the highest reward to risk ratios. I use a combination of trendlines, PA, volume and fundamental analysis to anticipate reversals on the weekly trends.
And yes you are right, it leaves you so much free time. And the best part is that you make money while you're out having dinner, playing golf, etc.
I'm still surprised that so many people put so much effort into short term ( 4 HR or less ) technical analysis.
Kind makes you wonder, if 95% of traders are losing money than why do what 95% of the traders are doing?
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