ahh those head and shoulder patterns that never work :D
erroldelandro56
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@yasoing, yeah it seems like a good idea to counter trade allot of these patterns when they look so obvious.
PsychonauticalTrader
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@erroldelandro56, the error is calling H&S or (IH&S) patterns well before they've even come close to confirming
erroldelandro56
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@PsychonauticalTrader, yeah ok I get you, but my thoughts on these obvious patterns are that they can provide obvious locations of liquidity. And since market makers want to do the opposite trade to retail, this provides exactly what they need. It just seems too easy to looks at such well known patterns and make profit off them. And if I put myself in the shoes of a market maker, that is exactly what I would do.