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Over the years I've been able to develop a method of trading these patterns. My
secret is waiting for price to come into those levels and seeing how the current
price reacts to them. This gives me a general idea of what it wants to do so I can
confirm my idea.
I also want emphasize the importance of physical backtesting. If you want to be
able to pick up on specific patterns you must go back in time and go bar by bar
for extensive periods of time. This will allow you to train your reticular
activating system (RAS) to search for these patterns and to know how to
differential between all the possible variations. This fine distinction makes the
difference between an astute pattern trader and an amateur who is guessing with
no real experience. When a new and unique pattern shows itself in real time you
will be able to recognize it and understand what the profile is telling you.