I have been waiting for awhile for a breakout of congestion to enable me to go long the Dow. Looks like I will have to wait a little bit longer.
Guess I am Going To Have To Wait
Trading Game
Trade Confidently and Safely
I have been waiting for awhile for a breakout of congestion to enable me to go long the Dow. Looks like I will have to wait a little bit longer.
I'm your go-to-expert for all things related to our exceptional Trading Game Mentor Program. So don't hold back, ask me questions about the course. And remember, being patient is key as my AI bot skills need time to find you the right answer.
Also, don't forget to register for Priority Notification for the Mentor Program and get a whole heap of free trading resources.
To get that done, go to this link:
https://www.tradinggame.com/priority
Hi Chris,
The candle forth from the right of your chart looked like a promising breakout.
Was it the lack of volume that prevented you, the fact that the lower part of the candle is below the support line, or something else?
That candle would have been a valid signal for me to enter a long trade Aaron. It’s just an unfortunate reality that they don’t always pan out the way you would like but that’s just part of the trading game.
I think its necessary with some things in trading to tidy up the language that is used. To me this candle is a breakthrough not a breakout – a breakout clears all resistance and is on its way.
Ahh, breakthrough (breach of resistance, trading spans below and above) versus breakout (trading above and clear of resistance); got it.