If the fundamentals set the stage, then tell me why the market forms the same patterns over and over again? Patterns are leading technical indicators meaning that when a pattern sets up, it leads us retail traders ( or should I say…those of us who pattern trade) to follow suit.
Now as for thinking outside of the box:
There has to be a reason these patterns occur over and over again. Could it be the language the “BIG BOYS” use in order to get all of the other “BIG BOYS” on board in order to take the price where it needs to be? (or should I say, where they want it to be?) ummmmm…I think so!
Do the “BIG BOYS” already know the outcome of pending economic releases way before the general public knows? Ummmm…I think so! Why else would these patterns form over and over again for no reason?
So where does that leave us “LITTLE BOYS”? Well, thats pretty simple. After 6 yrs of trading, I have learned to “RIDE THE COAT TAILS” of the Big Boys. They know where the market is going way before we even have a clue. If YOU as a trader can tune into THEIR BIG BOY way of thinking, then you too can go along for the ride. Follow these patterns and ride their coat tails.
