I'm a beginner trader and I have a problem. I can't detect a breakout trend after consolidation or I get into a trade thinking that it’s a trend but it’s really consolidation. I get good trades most of the time but loose more, which brings me to my break even point. What should be the best approach I should use in terms of .efs files? Any other ideas that will help me will be great.
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Hi yvezzx,
You may want to read through and download the Direction / Congestion efs study that JasonK posted some time ago. It's a nice way to navigate price moves that are working towards a potential breakout.
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