M

This did congest.

---right through this area

I've shown with the dashed line.

This never congested.

But if I had this as a first breakout from a prior day's congest ion, it uould be OK.

But it is OK to take a flag breakout for the first entry. Let me show what I mean.

But it is OK to take a flag breakout for the first entry. Let me show what I mean.

Sometimes it's best to wait patiently for the tightest congestions to occur. Tight and flat are the best. They save a lot of care and worry. Most have seen them. I have learned to spot these, they are worth a lot of money.

Now then, everything I've been showing for the most part has been in uptrending markets. Can I help it if everything was going up when I wrote this?

The exact opposite is true for downtrending markets. To see how they look, more or less, just turn the pages upside down. The flags may be pointing to the left instead of the right, but they still convey the idea. Up market, down market, it's all the same. That's one of the reasons for trading futures, right? Up, down, it doesn't matter. I can earn my living in either one.

Now that I've shown how to trade continuation sets, I can go on to the next subject, which is really an old subject revisited - trading strategy and tactics.

Chapter 19

Budgeting Tips For Families

Budgeting Tips For Families

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