More on short term trading

 

The last post mentioned 2 and 3 bar patterns.

This SHORT trade is an example of a decent idea but some haste when it came to pulling the trigger. Holding out for some kind of bar or candle formation would have helped.  We see that there were inside bars, bars with equal highs and lows, and even a pin bar right at a moving average.

Do you see them?

 

I won’t mention what instrument this is or what the time frames are. Just focus on price action.

 

ym70816

 

ym133816

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