What is your most profitable pattern?

My most profitable pattern is:

  • H&S

    Votes: 2 6.1%
  • Flag

    Votes: 3 9.1%
  • Pin bar

    Votes: 4 12.1%
  • Triangle

    Votes: 3 9.1%
  • Something else

    Votes: 14 42.4%
  • I don't trade patterns

    Votes: 5 15.2%
  • I trade against them all the time

    Votes: 2 6.1%

  • Total voters
    33

ZEN archer

Experienced member
1,528 240
Any chart pattern with extreme success rate will do(y)

Also chart patterns with extreme failure rate could be very profitable if your trade against them (h&s etc.)
 

Purple Brain

Experienced member
1,613 179
Bouncing off the moving average from a pullback and returning to the underlying trend. The most profitable - and the least successful in terms of winners v losers.

The second most profitable is reversals through the moving average into a new trend direction. I typically, but not always, wait for the new trend to confirm with a bounce of the moving average. See above. But where there is significant momentum, I'll trade the trend change on the break.
 

Purple Brain

Experienced member
1,613 179
ZEN Archer, just realised what I posted above isn't a chart pattern. Apologies. Please delete if inappropriate for this forum.
 

ZEN archer

Experienced member
1,528 240
ZEN Archer, just realised what I posted above isn't a chart pattern. Apologies. Please delete if inappropriate for this forum.
I can't delete it (only moderators can do that) and I wouldn't anyway - it's always good to get some trading ideas from you PB(y)
 

Triggerfish

Active member
229 14
Regarding your H&S, you need to extend past the orange line with confirmation.....agree?
Triangle is just another flag no?.....anyway, I don't trade patterns.....I trade price.

Patterns are the result of price.....so why would one wants to trade patterns?
So the real question here is what is the creation of price?.....why trade patterns where you can trade price?

There are NO patterns when you can SEE price!
 

ZEN archer

Experienced member
1,528 240
Patterns are the result of price.....so why would one wants to trade patterns?
So the real question here is what is the creation of price?.....why trade patterns where you can trade price?
To make profit? (if there are such patterns - with high success/failure rate)
 

Triggerfish

Active member
229 14
So are you saying patterns or TA is the KEY to successful trading?.....there should be plenty of those traders around as there are many books too.....all available to buy.....so we can ALL become successful?

But.....is this a reality?
 

ZEN archer

Experienced member
1,528 240
So are you saying patterns or TA is the KEY to successful trading?.....there should be plenty of those traders around as there are many books too.....all available to buy.....so we can ALL become successful?

But.....is this a reality?
I don't know TF

I can almost say I don't trade them - most of the time I ignore them, unless they're confirming certain levels etc.

I've listed here only few well known patterns. There could be some useful patterns we are not aware of. I've read a book (written by traders) and was exploring their patterns. It seems like they used to work nicely before, but when applying them to the markets nowadays they tend to fail miserably
 

BeginnerJoe

Senior member
3,329 350
if there are such patterns - with high success/failure rate
Yes, there are such patterns. Out side of strong fundamental based moves, the markets makes profit by seeking out liquidity. When there is more liquidity above the current price level, the price goes up. When more below, the price goes down. Reversal happens when liquidity dries up in a particular direction. These occurances are extremely high probability. I can't give you the specifics. See this more as an inspiration.
 

ZEN archer

Experienced member
1,528 240
Yes, there are such patterns. Out side of strong fundamental based moves, the markets makes profit by seeking out liquidity. When there is more liquidity above the current price level, the price goes up. When more below, the price goes down. Reversal happens when liquidity dries up in a particular direction. These occurances are extremely high probability. I can't give you the specifics. See this more as an inspiration.
Thanks for the inspiration BJ(y)
Very good liquidity seeking observations. Also the part about drying liquidity is simply excellent.
I'll immerse myself in liquidity studies straight away

PS Don't worry about the specifics - it's a minor detail:whistling
 

Triggerfish

Active member
229 14
You are already immersed in it, just that you don't know it - a bit like the story in which one of the blind men who felt the leg of an elephant and said that was a tree.
You mean this one?

"'Tell me, blind people, what is an elephant like?'

"Those blind people who had been shown the head of the elephant replied, 'An elephant, your majesty, is just like a water jar.' Those blind people who had been shown the ear of the elephant replied. "An elephant, your majesty, is just like a winnowing basket.' Those blind people who had been shown the tusk of the elephant replied, 'An elephant, your majesty, is just like a plowshare.' Those blind people who had been shown the trunk replied, 'An elephant, your majesty, is just like a plow pole.' Those blind people who had been shown the body replied, 'An elephant, your majesty, is just like a storeroom.' Those blind people who had been shown the foot replied, 'An elephant, your majesty, is just like a post.' Those blind people who had been shown the hindquarters replied, 'An elephant, your majesty, is just like a mortar.' Those blind people who had been shown the tail replied, 'An elephant, your majesty, is just like a pestle.' Those blind people who had been shown the tuft at the end of the tail replied, 'An elephant, your majesty, is just like a broom.'

"Saying 'An elephant is like this, an elephant is not like that! An elephant is not like this, an elephant is like that!' they fought each other with their fists. And the king was delighted (with the spectacle).
 

barjon

Legendary member
10,312 1,566
............ It seems like they used to work nicely before, but when applying them to the markets nowadays they tend to fail miserably............
Nothing "works" in the sense of certainty in the outcome, but many things "work" in the sense of giving you some reason to take a trade. What does work is the ability to take sufficient advantage when price moves favourably and to limit the damage when it doesn't.

Most of these patterns fire a starting gun, but you don't win the race at the start - you win it at the finishing line.
 

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