Our Favorite Chart Patterns
We like W bottoms and Head and Shoulders bottoms.
There's nothing better than a solid breakout with strong volume.
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Long gone are the days of me sucking really bad as a trader and suffering through losing year after losing year. Check out my trading performance to see where I'm at now.
After the reversal, and the breakout we like to see consolidations on light volume
Okay, this isn't a real pattern called "The Dragon" -- but so what?!
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Always know where the indexes are and never trade against the trend.
What it means to be a strictly technical trader who uses only technical analysis to make trading decisions.
Our take on a simple way to improve your trading performance.
$7.00 trades, simulated trading platforms, everything a new trader needs to excel in the markets. Check them out.
$4.95 trades, facebook integrated trading, huge community. You can do a lot worse than Zecco.
Take a vacation, traders. You can't stare at the market all year. When the trend changes, take some time off and relax.
Are you crazy, downloading and annotating all those charts and not backing them up? Good luck if your comp crashes!.
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Posted by David John Hall
We trade chart patterns for one reason -- they work for us! That's because chart patterns give us the information, the outlook and the framework we need to make the right decisions at the right time.
There's a reason why most of the great retail traders like Darvas, O'Neil and Sykes use chart patterns in one form or another -- and so should you.
If you've been trading for any time at all then you know that the term "retail trader" is used in a negative fashion to describe the small time, little guy trader.
The guy who's always losing, always buying the top and selling the bottom, always trading the news and always controlled by fear and greed.
I say forget that! There are winners and losers in every profession -- and if it's the trading pros that win -- then why not take the time to become one?
Six years ago when I began trading I knew nothing about the market. I did all of those things I listed above and more. And during that time I bought a bunch of worthless crap that did nothing to help me get better at trading.
Subscriptions services, gurus, books, online seminars, you name it. If you could buy it, I bought it. In the end I found out that there's only one way to get better as a trader -- to trade!
So that's what I did.
And during that time I compiled a ton of free trading resources and tools so I could save all of my money for trading.
Which is what this site is all about.