One of my favorite trades

[knucklehead]

How to make 300 quid before tea time :cheesy:

A real favorite as taught by the head of fidelity himself, a low risk entry setup called a slim jim.

I trade a modified version of it. when you see this tight sideways moving pattern forming pay attention and use a w%r or stoch for entry.

Supply and demand in perfect balance.... once this changes it is high probability that an object at rest moves in the direction of a force that is applied to it. Issac Newton would have made a fortune on the stock markets.

 

[neil]

Knucklehead

Slim Jim !!

Commonly known as a "Consolidation" or "Basing Pattern" followed by a break out.
A basic TA pattern.

Read DPB threads, and Chartmans, plus others on T2W where this pattern is highlighted again and again.

Nice chart though.