Apr 29 2007
The famir pattern
Trading with Woodie is fairly simple: recognize his patterns for entry, do smart money management, then you’re in business. He said the other day that ghost and famir patterns are the most profitable. I can eye ball the ZLR and ghost (although I see way too many ghosts, but I don’t trade them all … only the prettiest ghost, lol) well but have trouble spotting famir. My simple policy is, if I can’t spot a pattern .. as if it jumps at me, I don’t trade. This pattern is named after a cardiologist from Chicago who was his dear friend. This morning I woke up, with a clear picture in mind, a z zooming around the zero line, trend changing, fail ZLR … just realized that I probably can eyeball the famir now. A pot of stew needs time to roast … guess I waited long enough for mine to simmer … coalesce… and now it’s ready. Is it so? We shall see.