RE: Beginners Questions
Hello All, I just had a few questions regarding the method and thought I'd post them here since I'm sure they will come off as newbie questions, andwyas these questions are being framed using the Trader method
1. How is it that you can use the P&F breakouts charts when the price has already broken out, unless am I correct in assuming you are getting in on the more conservative pullbacks? And where can I find the traders method premium thread?
2. In regards to breadth indicators I understand that the give a general idea of the strength or in the market, but how do you deal with conflicting breadth indicators, breadth on different time frames such as the daily and weekly, or are there breadth indicators you focus on more than others based on the trader or investor method?
3. I noticed that for the trader method (well and the investor method)that you have included more checklist items for the daily and monthly timeframes, would you recommend taking trades using the daily chart or the weekly, because in the book there where examples using both time frames?
4. I think my biggest weakness is identifying potential areas of S/R that could hinder the progress of the trade; are there any resources you would recommend on using the the weekly Ichimoku cloud ?