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🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
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Turning Triangle Patterns into Profit
Wednesday, June 10, 2020
Expert: ALAN GREENWALD Hosted by: LegacyFX- Cryptocurrency
- CFD
- Trading Systems
- Beginners
- Intermediate
- Advanced
Chart patterns are perhaps one of the most well used technical analysis tool available to professional traders as well as online traders. Triangles are easy to recognize and apply. There are ascending, descending, and symmetrical triangles as well as wedges and flags. I personal combine them and call them all triangles. I believe triangles have no direction bias, they just alert us to a breakout and then what to expect when that breakout occurs.
Traders who follow the directional bias of the particular triangles will find they are disappointed as I show you in class, the predisposed direction signals are just about a 50% success ratio. What triangles do exceptionally well is give up a buy or sell opportunity as price breaks the support or resistance levels as price moves into the apex of the triangle. We can also set target points, stop losses and entry points.
By combining triangles with volume and using candlesticks to verify the breakout we can have a hugely successful trading scenario.
ALAN GREENWALD
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking for an expert’s input in their trading strategy.
Traders who follow the directional bias of the particular triangles will find they are disappointed as I show you in class, the predisposed direction signals are just about a 50% success ratio. What triangles do exceptionally well is give up a buy or sell opportunity as price breaks the support or resistance levels as price moves into the apex of the triangle. We can also set target points, stop losses and entry points.
By combining triangles with volume and using candlesticks to verify the breakout we can have a hugely successful trading scenario.
ALAN GREENWALD
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking for an expert’s input in their trading strategy.