First we showed you the theory ...then we showed you a real world example using this theory. The example we show, is not on some obscure stock but on one of the biggest companies in the investment world.
Click on the "Traders Whiteboard" image to learn the theory.
Click the image below and see this theory put into practice.
There's nothing new in the markets. Cycles repeat, new traders tend to make the same mistakes as their forefathers did. Boom and bust cycles occur with every new generation of traders.
When you learn how the markets really work you will automatically benefit from the mistakes of others.
In this week's "Traders Whiteboard" lesson, I dive into two chart patterns that the pros use everyday to great effect. The chart patterns that we will be looking at are two of my favorites as they have a reliability factor of around 90%.
The chart patterns in this video trading lesson are well known inside the professional trading community. However, outside of the pro circle they seem to be shrouded in mystery.
In this 5 minute video, I peel away the layers of mystery and show how you can benefit from these two very reliable and profitable chart formations.
What's amazing about these two chart patterns, is the fact that after my 3 decades of real world trading, they continue to repeat themselves, over and over again.
This phenomenon is likely to continue into the future as it reflects human nature. We know for a fact that no matter how smart we think we are, our basic genetic nature has not changed in over 2,000 years.
With that fact on our side, I think it's a safe bet that these two chart patterns will likely stick around for the next generation of traders.