anyway guys watch that 5 min video I made - it's common sense
stuff but it's really a super low risk method -you wait for
an initial trending move up and you buy a pullback (or down then
short a bounce) use the MA ribbons pinching as your guide.
Then if you can see an obvious abc in a pullback (which you
might be able to use a smaller time frame to see) that is super low
risk. If I don't see an abc, I see one wave, I typically don't buy
or short it.
the video was a follow up to my comments below regarding my
comments to tgo5043 about when looking at flag patterns to look for
an obvious abc, and if you don't see it on the 30 min look at a
smaller time frame. Then some of you asked me what I meant by abc
so hopefully that video helps. It's simple by effective
anyway guys watch that 5
Educationl Video of looking for ABC pullbacks I mentioned below
Posted by matt on 27th of Apr 2020 at 01:39 pm
anyway guys watch that 5 min video I made - it's common sense stuff but it's really a super low risk method -you wait for an initial trending move up and you buy a pullback (or down then short a bounce) use the MA ribbons pinching as your guide. Then if you can see an obvious abc in a pullback (which you might be able to use a smaller time frame to see) that is super low risk. If I don't see an abc, I see one wave, I typically don't buy or short it.
the video was a follow up to my comments below regarding my comments to tgo5043 about when looking at flag patterns to look for an obvious abc, and if you don't see it on the 30 min look at a smaller time frame. Then some of you asked me what I meant by abc so hopefully that video helps. It's simple by effective
https://bpt-videos.s3.amazonaws.com/video_ABC%20example.mp4