What are the most profitable E&M formations?

B

billyjoerob

There are the old technical analysis chestnuts . . . head and shoulders and double bottoms and cup and handles . . . but what formations actually work today?

The most profitable formation in my opinion is the bull flag. Remember that you don't have to trade every stock.
 
Quote from billyjoerob:



The most profitable formation in my opinion is the bull flag. Remember that you don't have to trade every stock.
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Continuation patterns trade with the trend. Thats as close to the HG as you can get.
 
I agree. When I hear technical analysts talking about head and shoulders, I think to myself, how do you trade a head and shoulders? The neck line is right in the middle of huge traffic . . . why bother?
 
Quote from billyjoerob:

I agree. When I hear technical analysts talking about head and shoulders, I think to myself, how do you trade a head and shoulders? The neck line is right in the middle of huge traffic . . . why bother?
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Yer sir.

You`re better off A - waiting for the new trend to present itself. Or B - moving on.

We are traders. Catch a piece of the middle and find the next victim.
 
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