Sometimes it can be difficult to continue to hold on and not sell. However, there's always your support trendline as a last resort. If you don't get to sell on the high side, you can still avoid the drawdown by selling a break of support.
In addition, these principles can be used on daily or hourly charts depending how active you want to be. The weekly is a great way to get started.
I was approaching maximum length for emails, so ended before getting into more details. Next week I'll write one that I'll continue to update and follow trades for the year.
Sometimes it can be difficult to continue to hold on and not sell. However, there's always your support trendline as a last resort. If you don't get to sell on the high side, you can still avoid the drawdown by selling a break of support.
In addition, these principles can be used on daily or hourly charts depending how active you want to be. The weekly is a great way to get started.
I was approaching maximum length for emails, so ended before getting into more details. Next week I'll write one that I'll continue to update and follow trades for the year.
Nice work. It's reassuring to see your charts have some of the same trendlines as mine. Typo "2022" at the end of the article.