today's best trade was clear and obvious -- /gc double bottomed and double bottomed again at a higher level then went into a pennant formation before breaking out -- it then ran 160 ticks in an hour with virtually no pullback.
the market is noise 95% of the time but then it forms clear and discernible patterns which you can jump on.
When you wait for these Major Patterns
1) triple bottoms
2) symmetrical wedges near support/oversold markets
3) double bottoms
The results are fast and reliable.
The Market Signals dictate direction. You watch for the pattern. It is simple and elegant if you don't let your mind get in the way.