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10. How to Trade the Head and Shoulders Pattern Part 2

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http://www.informedtrades.com/... The 4th lesson in a series on charting patterns which looks at how to trade the head and shoulders pattern and the reverse had and shoulders pattern for daytraders in the stock market, futures market, and forex market.

Channel: Education
Uploaded: December 31, 1969 at 6:59 pm
Author: InformedTrades

Length: 04:40
Rating: 4.75
Views: 11564

Tags: daytrade  forexmarket  futures  howto  informedtrades  investing  market  stockmarket  trading  

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Video Comments

InformedTrades (December 31, 1969 at 6:59 pm)
No worries. A 1 point move in this market is from .00 to .01. Best Regards,Dave
allankuah (December 31, 1969 at 6:59 pm)
117.50-113.20 = 430points?
W3HXI (December 31, 1969 at 6:59 pm)
Hi Dave:I am sure I am asking a dumb question but how did you come up with the 610 points? I see on the chart you start with 122.10 minus 116.00; how does this translate into 610. Thanks for the great videos even for dummies like me. Cheers, Wayne
InformedTrades (December 31, 1969 at 6:59 pm)
Hey wojtek000, Unfortunately I don't think there is a way to do that on Youtube however I do have them organized on my website with links below that take you to the next video. This is in the free course section of InformedTrades and this is the basics of trading course. Best Regards, Dave
wojtek0000 (December 31, 1969 at 6:59 pm)
hi dave, can you create a link to the next sequential video right below each video? it would really be helpful.
InformedTrades (December 31, 1969 at 6:59 pm)
There are many high paying trading jobs that I would think one would have a much better chance of obtaining if they traded actively during college. This being said there are lots of other professions where one can make money, and perhaps a lot easier than trading, so I think it really just depends on your personality and what you want to do. Best Regards, Dave
Fullperson (December 31, 1969 at 6:59 pm)
what kind of jobs can day traders get once they are out of college? Or do I have to eat peanut butter till I get 20k? (are the returns of a good day trader worth the insecurities? Will day trading make a good profession considering all the other business jobs one can obtain?)
InformedTrades (December 31, 1969 at 6:59 pm)
Hi RoarRoar135, Thanks for the comment and for subscribing I am glad you like the videos. Best Regards, Dave
RoarRoar135 (December 31, 1969 at 6:59 pm)
Thanks a lot dave for the videos, they're great! I subscribed.
InformedTrades (December 31, 1969 at 6:59 pm)
Hi aasyraf, This is a matter of preference. Many traders use the close of the candle for all of their analysis as they consider this a truer representation than the high or the low. Other traders will use the high or the low of the candle. If I want to be conservative then I would use the close in this instance and if I wanted to be more aggressive I would use the top and bottom of the candle but again thats just personal preference so make your own decision. Best Regards, Dave

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