Timothy Morge combines median lines and failure patterns to stalk high-probability trades
In my opinion, price shows repeatable patterns. You must pay close attention to spot the patterns. Once you detect them, you can keep track of them and use them to conduct statistical analysis. Study many charts of many instruments over many timeframes and mark the patterns when you see them. After you have found one to two hundred, take a closer look to see if the pattern leads to a repeatable outcome most of the time. Such a pattern is potentially tradeable.
I have found that all I need are a few easy-to-spot, repeatable patterns that I can consistently trade profitably. Find a few that work, use solid money management and then get down to business. I work the same handful of patterns over and over, and think of it as 'making the donuts'.
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