CP continuation patterns trading

1. The higher we are on the curve, the smaller probability of CP patterns success

I.e. too high on the curve don't trade CP patterns

2. CP patterns are good at

2 a.  Beginning of the trend
2 b. Reversal of the trend
2 c. Break of a trendline

Trading = Probablity, Many traders make huge profits during a bull run, but lose everything and more when the market corrects (Robin Ho)

In the last few slides, Robin covered the essentials of trading. Things like:

[important]

• Trading is all about probability.
• Never ever work against the trend.
• There is no holy grail and secret formula to help you reap big profits in trading.
• Many traders make huge profits during a bull run, but lose everything and more when the market corrects.

http://www.martinlee.sg/my-visit-to-robin-hos-futures-trading-course-preview/

SD - good e.g. of compressed demand can go short

1. Demand going up compressed

2. Supply zone reached. .

3. Hit monthly supply zone (see 2nd pic)

False break

http://2ndskiesforex.com/forex-trading-strategies/forex-strategies/price-action-forex-trading-climax-exhaustion-reversal-bars/#

False break - bearish

http://cdn.2ndskiesforex.com/wp-content/uploads/2014/11/usdchf1.png


Robin Ho - Trading against the breakout

He doesn’t like to trade on the breakout, as the majority of breakouts tend to fail. Rather, he will see the opposite trade as a good probability trade once he sees signs of the breakout failing.

Good example of valid and non valid supply and demand zones

The strongest type of Supply and Demand trade

1. This daily demand is nested in a weekly and demand zone

2. The monthly is up..

> hence this is a momentum plus location type of trade

3. Also the demand zone is formed with GAPS. . Which signify big imbalances

Truth of the market - what goes high goes higher! !!

E.g.

- Dow Jones, S&P  : 2009 till now

- Alibaba ( I kana big time)

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My fucking challenge

I keep thinking at historical high.. the price will go down sooner or later..got a lot of "space" to go down..

But the reality is... what goes high goes higher !!!

(Robin Ho wisdom)