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Old 02-07-2011, 23:08
hiachiever hiachiever is offline
Level 1 Lasers Member
Join Date: Feb 2009
Location: Western Australia
Posts: 1

I have always been a fan of pattern based trading, whether it be priced based patterns or a combination of price and indicator.

One of my favourite and most profitable strategies is to look for Shooting Stars / Hammers and then trade them when a short term indicator like Sto or RSI has already reached OB/OS and moving back to the centre. Ie a divergence. Price still making higher highs / Lower Lows, but the indicator is saying otherwise.
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