As promised more Tips from Darren Winters.
Darren Winters Tip2:
The price retracment should not occur any further down than 50% level as this will indicate the price has reversed too far and eradicated the likelihood of the move which was to follow.
Please revert to my website www.wininvesting.com where I provide many different techniques and discussions on trading the market.
Darren winters Says: “I have mentioned many times that best traders and most consistent traders are also the most conservative and particular about each part of the technical setup. I would clearly include my self in this group and have told my students at Win Investing many times that it is better to miss a trade than to jump the gun into the setup which is not quite perfect. Saying this, I have made this painful mistake in my early days many times before learning to be patient.”
Darren Winters Tip1:
Supporting evidence in a Bull Flag set up will include a flag retracment to a Fibonacci ratio such as the 50% level in this example.
For Darren Winters of Win Investing
In the next few posts Darren Winters of Win Investing is explaining Flag patterns and Fibonacci retrenchments for higher probability trades.
This will include many different techniques, to help you on trading the market, including advice on using MACD. The postings are packed full of useful tips from Darren Winters on the subject and it’s an article defiantly not to miss…
For Darren Winters of Win Investing