I got to admit that 3 pushup and breakdown or 3 pushdown and break up is one of my favorite patterns (I don't treat it as a setup though) for scalping. It works over and over again for so many times and years. When there isn't any setup to trade, I can kill my time which I just did by scalping for >1-pt just for as shown in the screenshot, which is enough to cover daily expenses.
Thank you, Thank you for Index chart since "OP" was started in Index Futures. Your upper wedge line, I use similar pattern using small pivot breaks of few ticks differences often looks like starting of rounding top. This is actually a pattern I use that changes what I consider to be trend way before SMA's turn. Where you have "3", I be calling "double top" a Secondary=failure to go higher, so between two patterns, extended double scalp profit
122 posts done by 2 guys who don't trade Index Futures? I been here 12 years having little more than 7,000 posts and someone else been here little over a year and almost half that many. I had him on Ignore before(reminds me of Hershey only worse) and Ignore list half of what @MarkBrown has, I should copy his list. Someone going back on Ignore, people confuse small sample size to being great trader, often are so close to being wiped out when their greatness and huge ego will extend protective stops cause they just know it is going to stop and turn around. We all have done mistakes and cost greatly.
I can only speak of my own experiences dealing with people that have ego's bigger than my arse, many only want to argue cause their wives/GF's won't listen to them go on about how great they are, who cares if they shared trades or stats, no one can be dumb enough not to test them out themselves can they? What if they intentionally leave something out?
I have found too many people lack knowledge on this forum and when you lack knowledge you can't understand concepts others presents and they one says "haven't shared anything". Have you read his over 1800 posts?
And when your post is taken over by people who can't read, why come back to this?
@MarkBrown, I had used your free Oddball system long ago and thank you, I will certainly look into Congestion system you posted as well, Thanks. Nice thing about having automation, can go back to what I love which is research, never enjoyed manually trading, can't stand sitting there all day/nights, most likely half? bad health came from sitting/stress of tens of thousands of hours sitting/standing/treadmill/biking/lifting weights and monitor into ceiling. LOL Am shifting some funds from scalping systems to longer term commodities system, just not getting filled as before between HFT's and AI, I don't notice charting itself to form different patterns, but 2 ticks whip on by and can't allow chasing when one scalps.
@volpri, like your charting abilities and comments, that Tri-angle, would you consider it to be a "Diamond" pattern? I never liked diamonds but when right they move fast, slippage in.
Time for little shut eye.