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Trending down and up is tops here or there.
In the annals!
In my opinion, to create an indicator of something (a flat or other pattern) you need to open a chart and look for this pattern. If you have determined for yourself that a flat from 0 to 8 (roughly), open a chart of the desired instrument in the desired TF and search at this time with the parameters that you consider optimal (height/width). As soon as your brain says: "Yes, it looks like a flat" - mark it on the chart with lines as you see it, search further, find a new one - mark it and compare with the previous ones. The idea is to define clear criteria that will satisfy most of the patterns. This process is not quick, but then the pattern can be automated.
What is the Root difference between a flat and a trend? The answer is in the direction of the position to be opened!!! In a flat, the direction is NOT important, while in a trend, the direction is VERY important.
In my opinion, all arguments about "candles", "fractals" etc. etc. - This is just poor man's talk, because the toolkit is not the same.
What is the Root difference between a flat and a trend? The answer: in the direction of the open position!!! In a flat, the direction is NOT IMPORTANT, while in a trend, the direction is VERY IMPORTANT.
I'm sure everyone understands this very well, but then what do candlesticks have to do with it .... A trader should calculate the risks, not talk about fractals and candlesticks. :)
For successful trading it is important to know the f/o, that is why joo created this thread.
Before the release of important news the price may stay in flat for several days. At the news release, which is still a flat, IMPORTANT will show itself in full glory.
A candlestick on the D1 is nothing but a wave on the H1. You can also consider candlesticks, but they are tied to time segments, and do not carry complete information about the wave.
Gentlemen, whether you are in a trend or in a flat is determined by your risks. On the same instrument, on the same TF, with some risks you will be in a flat, and with other risks you will be in a trend! If you are in a flat, the direction of opening is not important, if the trend is important. You need to understand it clearly.
Gentlemen, whether you are in a trend or in a flat is determined by your risks. On the same instrument, on the same TF, with some risks you will be in a flat, and with other risks you will be in a trend! If you are in a flat, the direction of opening is not important, if the trend is important. You need to understand this clearly.
It all depends on your risks. :)
I'm sure everyone understands this very well, but then what do candlesticks have to do with it .... A trader should calculate the risks, not talk about fractals and candlesticks. :)