Failed Trading Patterns

D

daniel33

Is there anyone out there that exclusively trades Failed Trading Patterns ?

Obviously this requires some good patience. Not only must you wait for the pattern to form but you must also wait for the pattern to fail.

Some examples:

Instead of shorting a head and shoulder, you buy a failed head and shoulders.

Instead of buying a double bottom, you short a failed double bottom.

Instead of shorting a double top, you buy a failed double top.

Pattern traders are trapped, their pattern did not work, they must exit, they got the direction wrong, so it's logical that the opposite works with a good deal of success.
 
Quote from nutmeg:

People short failed pivot points of IBD method.
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I'm afraid I'm not familiar with that method. For the most part I was referring to failed geometric patterns.
 
why not wait for conformation and play whatever price is telling you. if it is a failed DB, look at trend blah blah blah.

cmon, anek went over this in his journal. its all there. and i believe i read some posts from u.
 
daniel33 said:
Is there anyone out there that exclusively trades Failed Trading Patterns ?

Obviously this requires some good patience. Not only must you wait for the pattern to form but you must also wait for the pattern to fail.

Some examples:

Instead of shorting a head and shoulder, you buy a failed head and shoulders.

Instead of buying a double bottom, you short a failed double bottom.

Instead of shorting a double top, you buy a failed double top.

Pattern traders are trapped, their pattern did not work, they must exit, they got the direction wrong, so it's logical that the opposite works with a good deal of success.
More...

Exclusively not,but looking at such things.But i`d say,i`d rather use the failed patterns as targets,as the price,normally,returns to the place the pattern occurs.
 
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