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Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, Jul 7, 2011.
Please use this thread for questions, answers, and comments on this lesson.
Do you think we could get a certain company to sponsor this lesson?
First I want to congratulate you for these excellent lessons. The quality is truly amazing.
Second, I have a little question about trading the failing Double bottom.
The left shoulder of the H&S pattern in this chapter it is a failing double bottom. Can we use smaller time frame to get a retracement of the initial swing down for entry point? Or do we use just the original time frame? In this example, only point C on the swing down is a possible entry?
Thank you as always!
particularly in this example "C" point looks better since first, market has returned right below neck of DB, second, during pullback to C point MACD holds bear trend.
But, in general, you're right, we can do this. Here I just can't offer this material, because it a bit advanced for current chapter. Later, when we will study multiple time frame analysis and harmonic patterns - how to use them to trade classical patterns - you will get much more tools.
I wanted to show you a pour execution on a reversed H&S. I missed the head so I tried to enter on the right shoulder. I see now how essential is to catch the head.