12.14.19 when I start these videos I'm not sure exactly what I'm going to say, and when I'm done with the video I decide if I'm going to upload it. I use this statement to clarify points that I was trying to make. I chose to talk about 135 patterns which are trending patterns. In the oil example I used there is a visual irony in that the corrections are very abrupt and very bearish looking in a market that is bullish and working its way higher. In these examples when you try to apply the paradigm that " the trend is your friend " the real-time experience feels anything but that this market is trending higher--- and if that is your feeling, this will keep you out of opportunity, and even worse, get you trading in the wrong direction. Think about it, a market takes days to move higher, and then in a matter of a day or two you have one or two bars taking out almost all of the move higher, but it still ends up being a trending market higher. I'm guessing that most people don't visualize these patterns when they think of a trend. In my own trading I think this is very important to take into consideration.
I make some general comments on gold and oil and the type of markets I think they are.
I make some general comments on gold and oil and the type of markets I think they are.