Chart Patterns

This is a discussion on Chart Patterns within the Swing & Position Trading forums, part of the Methods category; Does anyone have chart patterns that they look for consistently? Looking to gain a little more knowledge in swing trading!...

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Old Oct 20, 2016, 9:36pm   #1
 
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Chart Patterns

Does anyone have chart patterns that they look for consistently? Looking to gain a little more knowledge in swing trading!
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Old Oct 20, 2016, 11:08pm   #2
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I don't make any trade decisions off any chart patterns but this site provides really detailed analysis and statistics if that's the way you do it - http://thepatternsite.com/index.html.
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Old Oct 21, 2016, 12:14am   #3
 
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This is one of my favourite setups. Doesnt happen very often but when the situation arises it pays to be all in. The chart is dax post BREXIT gap and paid out 40:1
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Old Feb 16, 2017, 12:13pm   #4
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I am trading Double Top/Double Bottom , H&S pattern, and ABCD pattern in short time frame. Success rate is not bad. overall profitable.
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Old Mar 25, 2017, 11:31pm   #5
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Darktones pattern is worth hitting hard.

But seriously.
Kyleice, There is no secret to trading, other than money management (and discipline). So why not just trade the real obvious and simple patterns like charts going up at 45 degrees or more? Then spend your time thinking about money management, trade management, process and discipline (psychology). Just remember there is untold bullsh*t about this subject all over the net and in many books in many bookshops all over the world, the sooner a trader realises this the sooner they can start trading.
Jason

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Old Oct 8, 2017, 2:07pm   #6
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Originally Posted by darktone View Post
This is one of my favourite setups. Doesnt happen very often but when the situation arises it pays to be all in. ..
I like this one too. You often see a ranging motion between the meatus and the base before a surge to the upside
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Old Oct 8, 2017, 5:25pm   #7
 
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Originally Posted by darktone View Post
This is one of my favourite setups. Doesnt happen very often but when the situation arises it pays to be all in. The chart is dax post BREXIT gap and paid out 40:1
Would you mind describing the significant elements of the setup that will trigger the trade.

Definitely, I want to add this one to repertoire.
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Old Oct 8, 2017, 6:48pm   #8
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Would you mind describing the significant elements of the setup that will trigger the trade.

Definitely, I want to add this one to repertoire.
A key element of darkie's pattern is that it must be on the left side of the chart and the pattern is confirmed through passage of at least 12 month of time.
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Old Dec 8, 2017, 11:31pm   #9
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A key element of darkie's pattern is that it must be on the left side of the chart and the pattern is confirmed through passage of at least 12 month of time.
the key element was the schlong..
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Old Jan 15, 2018, 4:27am   #10
 
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double bottoms and tops, cup and handles constantly come up intermediate term, and intraday. stay away from loose patterns.
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Old Jan 15, 2018, 5:42am   #11
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double bottoms and tops, cup and handles constantly come up intermediate term, and intraday. stay away from loose patterns.
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Old Jan 15, 2018, 7:22am   #12
 
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the first pattern looks loose to me, while the second pattern looks tight, sharp, and near textbook symmetrical. it can get a little subjective sometimes, you'll have some losers. but if you got a 2 to 1 profit to loss ratio on a trade, better to tolerant a few losers, rather than miss out on winners. you'll notice the market and sector index(gray line) is confirming the technical weakness on the second pattern too.
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Old Jan 15, 2018, 7:27am   #13
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Originally Posted by jjames69 View Post
the first pattern looks loose to me, while the second pattern looks tight, sharp, and near textbook symmetrical. it can get a little subjective sometimes, you'll have some losers. but if you got a 2 to 1 profit to loss ratio on a trade, better to tolerant a few losers, rather than miss out on winners.
Can you please explain the meaning of "loose" and "tight". Thanks.
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Old Jan 15, 2018, 7:43am   #14
 
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Can you please explain the meaning of "loose" and "tight". Thanks.
did you read this statement i added? this is a big clue on whether the pattern will succeed or fail.

you'll notice the market and sector index(gray line) is confirming the technical weakness on the second pattern too.

the sector and market indexes are sloping up during the first pattern.

loose basically just means sloppy. tight means closer to looking like it were neatly handwritten.
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Old Jan 15, 2018, 2:17pm   #15
 
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