Does anyone actually make money trading patterns?

Discussion in 'Trading' started by ProgrammerGuy, Jun 22, 2008.

  1. can you really make $ trading patterns? like double tops/bottoms s&h??
     
  2. Brandonf

    Brandonf ET Sponsor

    yes
     
  3. 4re
    anekedtoen

    ... um that's all that comes to mind.

    Look up their writings and study them.
     
  4. Roanoke

    Roanoke

    assolutely!
     
  5. yup, but only the perfectly consistent ones.
     
  6. H&S and falling triangles are reliable for stocks, but they don't work on indexes.
     
  7. I have spent a long time, coding an algorithm that checks for head and shoulder combinations.

    I have tested various models using an H&S approach on ~ 2000 stocks daily / intraday and wasn't able to find anything profitable.

    However haven't tested falling triangles
     
  8. Interesting a guy w/ 3000 + posts says this... I didn't think anyone made any $ doing this.

    I guess there are many ways to skin the cat
     

  9. Thank you
     
  10. ammo

    ammo

    you can make money on any tool if you know how to trade,while you are looking for better indicators,u are learning to trade thru your losses,eventually you will stop trading until u see a winner and take it, and learn to trade less and more profitably,hopefully u will not have to be broke or near broke before u realize this, this is a general statement not directed at any one person
     
    #10     Jun 22, 2008