Jump to content

Do chart patterns have an edge?


Guest EA-trader

Recommended Posts

Guest EA-trader

Chart patterns are like price action candles, they are historic data, these have no bearing on the outcome of the chart pattern.75% of chart patterns are likely to fizzle out within ranging markets, 25 % of them will work in trending markets, this is because market ranges 80% of the time.A chart pattern has to be useful, if price moves in the future, in the direction of the pattern.Unfortunately price moves (trends) only 20% of the time, so chart patterns in a ranging market have no edge,

 

On this chart, one can see as many failed ascending triangles, as successful ones.Within ranges there is no higher probability of success.

 

The people who know nowt will argue, the chart patterns work 80% of the time.

 

chart patterns.jpg

Link to comment
Guest EA-trader

Here a chart pattern made 400 points on ftse, it was an ascending triangle.In the rectangle box they can fail a lot.Hindsight is everything.

 

ASCENDING.jpg

Link to comment
  • 2 weeks later...
Guest EA-trader

Failure of chart patters.One ascending triangle failed already, will the next one fail?

 

Here come the quacks saying all chart patterns work.

 

failures of chart patterns.jpg

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • If someone is interested, 2,4% for staking USDT  https://wizerpeople.com/?aff=Jowich  
    • Wizerpeople is a platform, which allows users to invest in private online and offline startups. Nowdays, there are more and more people who want to get into the investments market and make profits by investing in promising projects, but most of them do not have sufficient capital for large investments, so these investments remain risky. Wizerpeople solves this problem by providing an opportunity for small and intermediate investors to invest in private startups. Each user of the platform have an opportunity to register and invest in any provided type of business without huge investing xperience, signing documents or any special requirements. Investment and funding of private companies became so simple as never before with Wizerpeople. https://wizerpeople.com/?aff=Jowich
    • Another offers of a unique crypto loan service that stands out in the market due to several key features is already catching the attention of many. One of the primary unique aspects of Bitget's crypto loan service is its flexible borrowing options, allowing users to borrow various cryptocurrencies with different terms and interest rates based on their individual needs. This flexibility provides users with more control and customization over their borrowing experience. Additionally, the exchange crypto loan service is known for its competitive interest rates, which are often lower than traditional financial institutions. This cost-effectiveness makes it an attractive option for users looking to leverage their cryptocurrency assets without incurring high borrowing costs. Moreover,  platform is designed to provide a seamless and user-friendly experience, making it easy for users to manage their loans, track their borrowing history, and make repayments efficiently. The intuitive interface and comprehensive dashboard enable users to monitor their loan status and manage their assets effectively. Another unique feature of the exchange crypto loan service is its security measures, including robust encryption protocols and secure storage systems to safeguard users' assets and personal information. This commitment to security helps instill trust and confidence among users, ensuring a safe borrowing experience. I like to ask veterans PF in the community on what percentage of your collateral do you loan?
×
×
  • Create New...
us