Sunday night’s High Tight Flag post generated a fair amount of interest. Most of the questions went like this: Is this going to go up tomorrow?” And my answer was as always, “I have no idea.” So let me clear that up. The way that HTFs are usually traded is to buy them when they breakout to new highs, not when they pullback. Because I love to buy pullbacks, I can appreciate the questions about what the HTF will do the next day. The point is, it doesn’t really matter because the easiest way to trade them is to set an alert to trigger when they breakout to a new high.
For more reading on the HTF, check out Bulkowski’s site.
4 Responses to High Tight Flags for Thursday
Subtle insights are PM nuggets.
What seems obvious in many cases, is not always the case.
One of the many reasons to return to IBankCoin.
One of my favorite patterns. Thanks for posting these.
No problem guys. Glad it is helpful. I’ll keep them coming!