Follow up on the dollar4.10.24 If I had taken the dollar trade I would have lost money with a small stop... so it was losing trade... but it turned into a two-bar reversal to go long and that would have made up for the loss of money on the first trade and then some. Markets can certainly have a two bar reversal that will entice you to take a trade in one direction but if the market doesn't really start to move and it turns into a two-bar reversal in the other direction... that's telling you that the markets likely to trade that direction.... which is perfectly okay as long as you have small stops. Talk about the Russell on that video.... but the Russell because of the pattern is a much more reliable pattern and I want you to see what that looks like.... in addition without a doubt it has much more volatility than the dxy. I tried to run the numbers for you for the Russell even if you made an opening price trade to go long but then it turned into an opening price trade to go lower.... and now you have a market that can move thousands of dollars even with a mistake and create a good return..... using basic techniques.
