Many of my trader friends keep asking me about the increasing failure rates of the patterns they use. No matter what pattern they trade, be it Bullish Engulfing, Rising or Descending Wedge, Trendline breakout, Flag pattern, etc, they lose money. They have tried multiple indicators too, such as RSI, MACD, CCI, OBV, and ADX but without the desired success.
Patterns and Indicators are one part of the trading puzzle. There is a lot more to trading than simply mugging up and applying patterns.
This book is divided into 2 main parts which are as below..
Part 1. : Why your patterns and indicators fail and how to correct them and trade them the right way.
Part 2: How you can trade successfully without any famous pattern or indicator.
If you are the type of trader who loves Patterns and Indicators, then Part 1 is where you should focus more on. Chapter 2 and Chapter 3 will show you exactly what mistakes you are making while trading with your favorite patterns and indicators. Chapter 4 will show you how you can correct those mistakes, and trade your patterns with precision and a much higher success rate.
Part 2 is about how I trade. There you will learn that you can succeed in the markets even without using famous patterns and indicators. We will learn how old methods are still the best methods to become successful in the markets. The results will amaze you.
We will then see multiple examples and use practice charts to ingrain the method in your brain. Then we will have a detailed discussion about those practice charts as well.
In the end, even if you choose to st... See more
Many of my trader friends keep asking me about the increasing failure rates of the patterns they use. No matter what pattern they trade, be it Bullish Engulfing, Rising or Descending Wedge, Trendline breakout, Flag pattern, etc, they lose money. They have tried multiple indicators too, such as RSI, MACD, CCI, OBV, and ADX but without the desired success.
Patterns and Indicators are one part of the trading puzzle. There is a lot more to trading than simply mugging up and applying patterns.
This book is divided into 2 main parts which are as below..
Part 1. : Why your patterns and indicators fail and how to correct them and trade them the right way.
Part 2: How you can trade successfully without any famous pattern or indicator.
If you are the type of trader who loves Patterns and Indicators, then Part 1 is where you should focus more on. Chapter 2 and Chapter 3 will show you exactly what mistakes you are making while trading with your favorite patterns and indicators. Chapter 4 will show you how you can correct those mistakes, and trade your patterns with precision and a much higher success rate.
Part 2 is about how I trade. There you will learn that you can succeed in the markets even without using famous patterns and indicators. We will learn how old methods are still the best methods to become successful in the markets. The results will amaze you.
We will then see multiple examples and use practice charts to ingrain the method in your brain. Then we will have a detailed discussion about those practice charts as well.
In the end, even if you choose to stick with your patterns, you will discover the best way to use them. Most importantly, you will also discover that you can think " Beyond Pattern & Indicators" and trade successfully without using any of them.
