identifying trends and patterns before they form.

[Sekiyo]

Before they form ?
Why would I wait such time, money and energy ?

You ain’t get paid predicting head & shoulders.

You backest patterns,
You don’t gamble on their appearance.
Or you systematize it and it becomes another pattern.

Anyway …

You trade an established pattern,
Otherwise you’re just throwing money away.

Prediction is for fortune tellers.
You want to predict the prediction ?

Are we in Minority report ?

 

[Bad_Badness]

Seriously, you expect to do your chart analysis and trade on a phone? It's no wonder you can't see things straight.

Also what you've shown is just any ordinary breakout. There is NO CONTEXT. What is the breakout level based off of? Was there a similar level of resistance in the past?

Psychology Forum: Thinking that you can trade from a phone is HUBRIS. Get over it and learn to use real tools.

 

[Darc]

Psychology Forum: Thinking that you can trade from a phone is HUBRIS. Get over it and learn to use real tools.

Incorrect, you can Trade on your phone. I called that SPX fall by seeing the hourly SPX pattern and other indicators (ie Put/Call ratio etc) while on my phone. While a phone isn't optimal, if a person is at work etc they have to use it.

Dan Zanger made millions trading off his phone at Work. I've made thousands too.

 

[Sekiyo]

Dan Zanger made millions trading off his phone at Work.

You could trade from your phone back in 1998-2000 ?

I remember playing Snake.
Had no robinhood app.

Have you guys seen $BB blackberry ?

 

[Zwaen]

Don't you guys do all your python analysis on your watch nowadays? Crazy

 

[SunTrader]

Off a cell splains a lot about OP "curious" topics.

 

[Aisone]

when i go over my trades i have no problem identifying patterns, they are very easy to see obviously in retrospect.
but when imlive trading i dont even see the simplest most basic patterns forming
i feel like my self sabotage is showing up in blocking my ability to see patterns forming..
wtf do i do with that lol

how do you get rid of self sabotage in trading?

also any advice on reading charts that are forming..(maybe its not self sabotage maybe im just missing some important piece of knowledge that changes how i look at the charts)

Not knowing anything that you're referring to, I concur. Many times, specifically with the patterns I look at, the most recent period or bar is one of the most relevant, but one won't know the full data representation of that bar until the bar closes. So if it is a daily chart, there is a lot that can still happen in that final day. If it is short term and a one minute chart, it can be the most volatile minute in one's analysis. And waiting until it is complete, the market could have already corrected. That's at least how it affects me and the patterns I look at.

 

[MarkBrown]

what platform do you use and what market and type of chart do you use?

 

[qlai]

i feel like my self sabotage is showing up in blocking my ability to see patterns forming..

It sounds to me like you are not sure what you are looking for in the first place. You should know ahead of time what you want to see. For example, below is one of the patterns I would look for around the open:

Name: First pull back to vwap
Description: After a strong opening drive, price pulls back (orderly - not violently) to vwap(should be around opening price), stalls, rejects.
Reasoning: First chance to enter for most retail day traders that missed initial run. Possibly a first leg of a trend day.

Create more specific rules around that and do not take it unless all the boxes are checked.

 

[taowave]

If you look at tge chart patterns in trading books,the examples are always shown with the hard right edge.Simply put,the pattern is fully developed,and there is new data illustrating how the stock traded well after the pattern formation.

Notice they never show charts as the pattern is unfolding. There's a very good reason for it.Real time pattern recognition is nowhere as clean as when looking at it after the fact. Scale and chart compression/expansion are some of the tricks on the eyeballs.

Take any charting package and find your favorite pattern that occured 3 months ago..Clear as day..Now go back in time 4 months to the first bar of the pattern.Scroll foward one day at a time...Scrambled eggs,is it not???

There's a reason I prefer horizontal lines

when i go over my trades i have no problem identifying patterns, they are very easy to see obviously in retrospect.
but when imlive trading i dont even see the simplest most basic patterns forming
i feel like my self sabotage is showing up in blocking my ability to see patterns forming..
wtf do i do with that lol

how do you get rid of self sabotage in trading?

also any advice on reading charts that are forming..(maybe its not self sabotage maybe im just missing some important piece of knowledge that changes how i look at the charts)