Frames of mind pdf free download
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You can read more about how to find and trade the double top and bottom here. Charting patterns are not just for the higher time frames and you can use them for both day trading and intraday trading. The most commonly used pattern that is used by everyone from the big banks right down to the smallest retail trader is support and resistance. When buying or selling the bounce you are looking for the support or resistance level to hold and for price to make a reversal.
When buying or selling the breakout you are looking for a key support or resistance area to break. Another very popular pattern that can be used on all time frames and in many different markets is role reversal trading.
With role reversal trading you are using support and resistance levels, but you are looking for these levels to change their roles. See the example chart below. At first price finds this level as a support level.
Price then breaks lower. When price makes a new move back higher you are watching to see if the old support level will hold as a role reversal and new resistance level. If it does you can look for short trades. Can you put a material list together instead of having to go by the cut list? The lot is not level. The shed is placed perpendicular to the slope. Curious what size lumber you would suggest for the frame.
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