A little more on My bull. I post about my TIPs and Rules of Thumb. TIPs I see very often and Rules of Thumb I have seen to many times not to strongly rely on them. I'd guess around 75 to 80% success rate is the difference between TIPs and Rules of Thumb. TIPs succeed around 75% of the time, but Rules of Thumb more the 80%.
But remember any TA & charting projection or my personal TIPs and Rules of Thumb have a failure rate. Nothing is guaranteed. So all this info should be used to watch for expectation of what could happen and then trade accordingly, when seen.
The island reversal "volume in/volume out" is a Rule of Thumb. And an expected 3 touch bottom channel a TIP. While an ascending triangle is a books historical chart pattern. They also have success/failure rates. With flags and triangles at the top of patterns.
Basic, simple and clean. I present info to increase odds for success. And comfort while trading. This info doesn't guaranteed success. Trade all stocks at the board should be traded "at ones own risk". As nothing at the markets is black & white. Gray is the color of stock trading !
But I do hope readers reach my level of trading comfort, by picking and choosing from in the box and out of the box info presented for their individual trading style. Mine is low risk enter late, leave early. It doesn't work well for all trading styles.
I'm presently working on 2 new TIPs;
The new OTC game and high & tight flag failure. Keep an eye out for these.
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