Monday, 8 December 2014

TAS ?





TAS stands for trading against a spike,its a reversal pattern developed by Bill McLaren
after a countertrend reaction the failure of the market to regain the trend (with a new high (or low) following a move that lasts at least twice as long as the c/t move is regarded as a sign of weakness and you trade off the next signal that the impulse is failing
my only observation is that you have to watch out for triangles...

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