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Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold

Better System Trader

CHAPTER

Technical Analysis - Patterns That You Recognize

Traders are built to see patterns in things. Sometimes that can work against us and we might think we see patterns that don't actually exist. So how do you identify that if you're looking at fractal patterns and different timeframe, how do you actually know it's a valid thing? Yeah. That's a great question because it's a big criticism towards technical analysis that the discretionary trader will see their favorite pattern in anything. But what we'll do is we'll try and we'll bring that pattern into our lane. And our lane says we have to have really clear rules on how we define that pattern. Right.

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