I don't actively seek to find patterns on my higher timeframe.
But sometimes they just stand out as so obvious that you can't miss them.
So I watch them for potential trade opportunity around the edges of the pattern structure. Usually for two alternatives – a breakout failure or a breakout pullback.
Of course, in either case the trade idea must make sense from my usual trading timeframe analysis. And also make sense in accordance with my philosophy on price movement and where & how it creates opportunity.
Keep an eye out for them. They can provide good opportunity.
Happy trading,
Lance Beggs
Reading volume 2 and had a question; was about to email and instead searched your blog… the answers are here! Would you be willing to capture all your posts yearly in your nice pdf format like you did for the lost posts for members?
Thanks Adam, It’s something I’d like to do. And perhaps with a decent index such that you can link direct to articles relevant to any particular topic or theme.
Unfortunately it’s a lower priority task though. With the current quantity of 570 articles, allowing 3 minutes per article, it will take 28.5 hours of non-stop work to do this.
So it’s one of those “on hold” tasks for the future (despite the fact that the task will continue to get bigger and bigger).
But yes, it is something I’d like to do. One day.
Thanks,
Lance.