ACW
As I understand it for a C&H pattern to be successful it really needs big volume on both sides of the cup and it didn't happen here as per my white lines...Not to mention the Neg Div MACD while price was trying to rise
RR on another note, if you're trading this crap (soz to sound so harsh), IMO you shouldn't be at least for the next year or 2 because I know your a newbie. Move up the food chain a "fair bit". You mentioned you need to make a 6 figure income per annum here the other day. That tells me you have a reasonable size trading account.
What scanner are using to find your daily trading ideas? If you haven't got a scanner yet, your gonna probably need one. Another way might be to set up several watchlists with great stocks, with great FA in different sectors and Industries and then read HLL morning and lunchtime market rap for leads, i.e: if Golds had a big night in the US overnight, there's a reasonable chance our good Gold plays might have a good day, that is after they gap down at the open and scare the sheeeet out of the Dumb money and pinch their coins before heading higher....Same applies to other commodities, Oil overnight and so on. Then there are the morning Announcements to keep abreast of.........See there's nothing to this game is there.........SIMPLES
At least you've got a brain mate, that has been very obvious to me in seeing how quickly you're picking things up, lucky bugger, Im a slow learner, cheeeeseeess why me....... Just don't EVER get ahead of yourself....have a set of rules and stick to them every minute of the day or lookout (SIMPLE RULE ARE FINE)
Daily
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