TRADING MYTHS DEBUNKED - TRADING PATTERNS

[awsoni]

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[SilverShamrock71]

So is the scalping contract designed to cover the risk on the overall trade?

Also, personal preference, but I don't trade reversals, rather continuations, given certain very specific market and indicator conditions.

It's a much more conservative approach generating fewer set ups, but those set ups have a higher probability.

[SilverShamrock71]

great videos on psychology by the way.

[hhjyk1004]

Very poor explanation of an ascending triangle. 1/1 reward/risk trade? Trading 101 - take the highest reward/risk ratio trade. Don't know why they chose an example of shorting when the chart is clearly in an uptrend.

[TheAvatarC]

R:R is contrived anyway by your own perception. If this strategy works over 50% of the time, then I'll take a 1:1 RR. However, if you look further past that part of the video, Todd has this trade in 2 parts: a scalping contract and a trading (running) contract. By having that, you get more reward for your risk.

[KLguy133]

patterns have always worked . since when was this a ' myth ' ?

[bizroski]

Great work! Keep going!

[mlydick]

Very powerful training video Todd. Training your eyes and mind to recognize these patterns is critical. Thank you!