Chart Patterns

Kyleice

Newbie
2 1
Does anyone have chart patterns that they look for consistently? Looking to gain a little more knowledge in swing trading!
 

Agne35

Junior member
16 1
I am trading Double Top/Double Bottom , H&S pattern, and ABCD pattern in short time frame. Success rate is not bad. overall profitable.
 

Jason101

Experienced member
1,366 214
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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Kaeso

Established member
836 91
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 :cheesy:
 
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piphoe

Legendary member
10,038 194
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.
 

EnlightenedJoe

Experienced member
1,950 95
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.
 

jjames69

Member
52 3
double bottoms and tops, cup and handles constantly come up intermediate term, and intraday. stay away from loose patterns.
 

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jjames69

Member
52 3
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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Brumby

Established member
593 137
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.
 

jjames69

Member
52 3
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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