Death Cross

[SunTrader]

only markets that matter.. HAHA

Apparently c-boy has never heard of the Asian Contagion, Latin America 80's Debt Crisis, Greece (and Iceland 3 private banks) '08 Sovereign Debt Crisis.

Or that equity index futures often move more during Globex, when most Americans are sleeping, than during RTH.

FLMAO at the fool.

 

[tomorton]

I'm more and more strongly thinking that TA patterns have two good uses and neither is as an entry signal. But if you are in a trend-following position you could use an adverse TA pattern as an exit signal: or of you want to be in a trend-following position, avoid entering when there is an adverse TA pattern in effect.

 

[countryBoy641]

Apparently c-boy has never heard of the Asian Contagion, Latin America 80's Debt Crisis, Greece (and Iceland 3 private banks) '08 Sovereign Debt Crisis.

Or that equity index futures often move more during Globex, when most Americans are sleeping, than during RTH.

FLMAO at the fool.

You people waste a ton of time and energy.
Anybody who is trying to make money in markets and DOES NOT HAVE A SERIOUS edge that they found on their own is foolish.
That's gambling.
Just sayin ...

 

[padutrader]

60% is fantastic if you make twice as much on your winners as you lose on your losers.

that is at the most

and that also means other things are at play like cutting losses quickly...which most beginners do not do.

patterns work sometimes.

but making money does NOT depend on patterns working but on having a good money and risk management.....so it is NOT patterns that make you money but other skills

 

[deaddog]

and that also means other things are at play like cutting losses quickly...which most beginners do not do.

Really? You think that might be part of the Holy Grail that traders are searching for?

but making money does NOT depend on patterns working but on having a good money and risk management.....so it is NOT patterns that make you money but other skills

But if you don't have patterns where do you enter the trade and put your other skill to work?
From what I understand those other skill alone are not enough of an edge.

 

[padutrader]

But if you don't have patterns where do you enter the trade and put your other skill to work?

to answer your question:in a trend

there are more than 50 patterns to learn , understand and know.

any idiot can see trend and it takes exactly 5 min to learn what a trend looks like and a market is, at any given time or time frame , trending or pulling back.

wait for a consolidation and look to enter.

now let me stress that i am not saying that doing this is easy........but it is far more specific to be looking for a trend and pull back, than any one of 100s of possible patterns

it is likely that you will find a trend or pullback much sooner than you would find one of 50 patterns and this is important because you should be putting money to work rather than wait for a elusive pattern.

ironically a trend is also a pattern but one that is always occurring so it makes sense to look for this pattern

 

[padutrader]

But if you are in a trend-following position you could use an adverse TA pattern as an exit signal:

the most simple adverse trend following signal could be when a corrective move breaks the higher low in an up trend...and the lower high in a down trend. the stronger this break, the more strong is the adverse signal and you could get out when the trend resumes

 

[deaddog]

it is likely that you will find a trend or pullback much sooner than you would find one of 50 patterns and this is important because you should be putting money to work rather than wait for a elusive pattern.

ironically a trend is also a pattern but one that is always occurring so it makes sense to look for this pattern

Damn I've been doing it all wrong!! Here I only trade a couple patterns and I wait patiently for them to show up. Sometimes I sit for weeks at a time because I can't find the set-up I like. When I put my money to work I want it to do something, not just sit there waiting for a trend.

As for trends I see 3 of them. Up, down & sideways. The market spends a lot of time going nowhere.

 

[padutrader]

not just sit there waiting for a trend.

there is ALWAYS a trend.....it just may not be a strong one or you may need to go to a different time frame

trends occur more often than any pattern.

or you could wait for a trend OR a pattern and take whichever one comes first

 

[padutrader]

The market spends a lot of time going nowhere.

markets look to frustrate and they are frustrating.

you have to find ways to trade what it is doing.....

not easy .....but everything starts with an intention