can you really make $ trading patterns? like double tops/bottoms s&h??
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Does anyone actually make money trading patterns?
- Thread starter ProgrammerGuy
- Start date
H&S and falling triangles are reliable for stocks, but they don't work on indexes.
Quote from stock_trad3r:
H&S and falling triangles are reliable for stocks, but they don't work on indexes.
I have spent a long time, coding an algorithm that checks for head and shoulder combinations.
I have tested various models using an H&S approach on ~ 2000 stocks daily / intraday and wasn't able to find anything profitable.
However haven't tested falling triangles
you can make money on any tool if you know how to trade,while you are looking for better indicators,u are learning to trade thru your losses,eventually you will stop trading until u see a winner and take it, and learn to trade less and more profitably,hopefully u will not have to be broke or near broke before u realize this, this is a general statement not directed at any one person