Replies to post #2459 on Grip Ripe

[teahmahn]

I backed off the view and added the data points that are converging @ 1.40 as CW indicated. Hope this helps.



So, whether BCON is a play or not is really a matter of perspective. If a trader says to me: Hey, I like to find oversold conditions and see if they can recover into longer term swing trades because I've been very successful with this pattern and I've got all my technical data points set up to track them.

That's great. What I have found is that there is no one way to trade. Some traders have better success looking for support breakouts within a trend...Some love the oversold condition, some like strong channels that putt along 1-2% a day and stay in them for months.

Find the few patterns that work best for your personality type (Elder tip)and set up your chart parameters to meet that pattern. It's easier to learn one pattern and then try another one, keeping in mind that different patterns work better in different market conditions.

It's all alot fo fun though, right?