Replies to post #27833 on lowtrade

[lowtrade]

While the books don't all mention this about symt triangles. Prior trend has alot do do with which way the symt triangle breaks.
TIP: Experience has taught me when in a up trend it breaks up, in a down trend it breaks down and with no trend it's 60%/40% up.

TAT had a previous down trend. Caution !! Plus entry is after upper trend line break. Only a small position is warranted at lower trend line bounce.

TIP:
All trades which have a declining trend line to break, shoukd be played in 2 steps. Like the double bottom, 1st one at small, at positve reversal, crossing down trend trend line and second larger at resistance. Or Reverse Heads & Shoulders, Rising Wedge, Flag & Pennant, or Cup & Handle.

[MossyOak]

nice chart....

[Topfuel]

Good call,

I did not enter a position,was going to enter at 1.31 then I got distracted on a phone call for a lengthy amount of time. Just can't jump in now.