Trading with the Trendlines
Hector Shane Williams
Trading with the Trendlines
Hector Shane Williams
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The strategy, in fact, is not used in a classical way but seeks to exploit the completion of a Gartley or Butterfly, trying to ride the last leg.
What you are going to read in this book is my personal interpretation of this type of pattern. A way to predict a future movement of a market, which I have elaborated on after observing many similar situations, and identifying a subsequent trend common to many cases that share certain conditions.
Identifying this strategy's target profit and stop-loss is easy and clear. Not only this but depending on your account, I will also explain the correct position sizing so that you can properly manage your money.
If you are a beginner, do not worry; the first two chapters will provide you with adequate knowledge for understanding the strategy and using it correctly.
However, combining this strategy with fundamental analysis is recommended, as is opening a position only if both give the same signal.
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