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RE: TRADING: Moving Average Crossovers Useful? [PART 1/2]
By patterns I'm referring more to behavioural patterns. Such as there's a big oil seller over settlement (2 min window)price comes off and then pushes back overnight.
As for chart patterns, they're contextual and I mainly trade gambits of info. Like if price is ranging between 5 and 10 it's more likely to hold if it quickly spikes to support or resistance rather then slowly pushing toward the highs or lows and slowly pushing out. All psychological of course, but you can see it on the chart and ladders.
But each to their own in trading, I think it's mainly about sticking to an approach that works with your personality and skillet.
Well as long a we are making money, who cares about the strategy right?