A strategy that is a secret
A very smart computer makes the charts. I'm going to explain how the computer works.
Look at the three pictures.
When the price breaks a trend line, after a time-span, the price will come back to the break point.
The time-span can be short or very long. It often happens. About 95%.
You can check the past. You will find so many samples.
It happens in every time frames. 15M , H1 , H4 , Daily , Weekly. But H4 is the best.
Draw the trend lines from the tip of the bars.
Three examples:
True Trend Line
Look at the two pictures.
The first picture: False
Because the second peak is not below the first peak.
The second picture: True
The second peak is below the first peak.
Draw the trend lines from the tip of the bars.
The trend line should touch the first and second peaks. It’s so important. Some people don’t care about the second peak.
A very smart computer makes the charts. I'm going to explain how the computer works.
Look at the three pictures.
When the price breaks a trend line, after a time-span, the price will come back to the break point.
The time-span can be short or very long. It often happens. About 95%.
You can check the past. You will find so many samples.
It happens in every time frames. 15M , H1 , H4 , Daily , Weekly. But H4 is the best.
Draw the trend lines from the tip of the bars.
Three examples:
True Trend Line
Look at the two pictures.
The first picture: False
Because the second peak is not below the first peak.
The second picture: True
The second peak is below the first peak.
Draw the trend lines from the tip of the bars.
The trend line should touch the first and second peaks. It’s so important. Some people don’t care about the second peak.