Inside technicals and chart patterns by 
I like breakout trading, it allows me to take advantage of a move as price breaks congestion or consolidation.
These set ups must first and foremost, set up in a sideways market, which for me means a sideways, three o’clock Wave angle.
Now consider a few scenarios. Since the forex is a 24 hour market, there are times that we can miss trades. Maybe you’ve taken the trade and have either run out of lots to scale out of or been trailing stopped out.
There could be any number of reasons that we are now looking for another way into the USD/CAD.
Here’s the USD/CAD as it is today.
The trend is now up. I have also drawn in the Autochartist pattern alert so you can see the market cycle as it was at the time - which set up the momentum entry long.
Now I am transitioning to swing (trend following) trading.
The play now is buying into the dip back into the top line of the Wave.
You can use the Lazy Days Lines to help with trade management…
- Raghee
The simplicity of this is fantastic!!
Thanks Noel, simplicity has always been my goal.
Discretionary trading often means using subjective tools, but my goal to make the the tools as OBJECTIVE as possible.
It’s my hope that the Wave and Lazy Days Lines accomplish that as well for the readers as it does for me.
Maybe simpel but I don’t exactly get this one.
You have a video clip of this trade style with the cold facts? I seached on revver couldn’t see any of this setup from you
Hi,
What is the setting of the Lazy Days Lines ? or is that proprietary.
I have studied the Forex market for about two years and could never get a clear entry or exit method. Your Wave is fantastic and its use with Autochartist pattern has cleared that obstacle.
Thanks!
C. L. Kennedy