When I started learning chart patterns, the first few questions I asked myself were, why do chart patterns work? Is it because the book said so, then every body follows the book and makes it a self fulfilling prophesy? Or is it just a statistical observation made by some one that a particular pattern of price moves gives clues for the next price move? Or is there some thing not-so-obvious behind the scenes? Or just random? I guess a lot of us might have the same questions, may be some answered and some unanswered.
This is one of my attempts to find my answers. So, lets lay down the rules and what you can expect from the "Anatomy of Chart Patterns" series.
No copy-paste from books, I will write what my experience taught me and I believe about the pattern
Postmortem on failed patterns
Points that helped for a pattern to be successful
Hope you will find this useful in your journey of learning patterns
Wednesday, May 13, 2009
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3 comments:
Doji
Your articles on "Anatomy of chart patterns" is useful in the journey of learning patterns. Thank you for sharing on your personal blog and hoping to read more wonderful insights on trading.
Thanks
Hi Adil,
Thanks for the interest and nice words.
Doji
mr doji,i am selvam.i follow your blog for the past one month.its very nice.your view on RCAPITAL too good and work from yesterday.i have a dought.i want to use amibroker.but i dont know whether free version is enough or paid version.pls can you tell me. THANKS
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