So, some boredom just watching the market develop any short-term direction, and was messaging with a few other traders.
Had a few people ask me for a more in-depth explanation on the whole triangle apex theory thing. I run through the last triangle we were in, and this current one, and break down the math involved in using them.
I'd say they tend to be over 80% correct, and usually when they don't work out, I find that it was my own error. I again, don't trade off of these. I trade off of trends, but like any indicator, I use them to assist in my trading. So, feel free to just look at it as another tool in your toolbox that you can use as a guide in your own trading strategy.
Disclaimer - This is not Official Financial or Investment Advice.
Had a few people ask me for a more in-depth explanation on the whole triangle apex theory thing. I run through the last triangle we were in, and this current one, and break down the math involved in using them.
I'd say they tend to be over 80% correct, and usually when they don't work out, I find that it was my own error. I again, don't trade off of these. I trade off of trends, but like any indicator, I use them to assist in my trading. So, feel free to just look at it as another tool in your toolbox that you can use as a guide in your own trading strategy.
Disclaimer - This is not Official Financial or Investment Advice.