June 27th this video takes a look at range patterns and trending patterns. the bars and the way the market does retests is a good way to evaluate for a trade that will take you in the direction you're looking for. 1 of the problems with Trading especially when you have expensive equities or you're trading the Futures Market is that a small stop... is not necessarily a small amount of money.... but if you're effective at identifying support and resistance areas and reversals you can find small trades that are not structural trades in the way people classically look at markets... but you can learn to pick a trade with a stop that you're not likely to hit before it moves to your target. you can't trade oil for a $50 stop. the same is true for the metals. if you trade you will have losing trades... but if you learn to pick a reversal pattern and go with that direction of the market the high probability for that direction.... that's your Edge and it will take care of you.
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