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how do you trade?

  • #1
  • First Post: Jun 14, 2009 1:25pm Jun 14, 2009 1:25pm
I use a simple price pattern method of trading that produces VERY well.

Here is an idea of how my manual method produces profit...

+679 in 14 days on my live account.

Any one else here trade with price patterns? how are you doing?
I find many people dont quite understand how or more importantly WHEN to trade with PP.
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  • #2
  • Jun 14, 2009 1:49pm Jun 14, 2009 1:49pm
Quoting Trk
I use a simple price pattern method of trading that produces VERY well.

Here is an idea of how my manual method produces profit...

+679 in 14 days on my live account.

Any one else here trade with price patterns? how are you doing?
I find many people dont quite understand how or more importantly WHEN to trade with PP.
Price pattern means only using the quotes without charts? If yes, I am very eager to listen
The only way to get smarter is by playing a smarter opponent.
  • #3
  • Jun 14, 2009 2:02pm Jun 14, 2009 2:02pm
Quoting NewFX
Price pattern means only using the quotes without charts? If yes, I am very eager to listen
What exactly Is the difference between the two besides needing a better memory without charts?

Ps. Im all for the prospect of using charts much less to make decisions, but watching the tape you only know what happened in the past, just like trading chart patterns.

Genuinely interested,
Leon
Living the adventure in my head.
  • #4
  • Jun 14, 2009 2:21pm Jun 14, 2009 2:21pm
maybe i didnt explain myself very clearly...but chart patterns and a cumulative number of candles or bars that form a pattern...

what i refer to as price patterns is probably more clearly understood by the term "candle stick patterns"...

...only i dont use candles i use bars and so dont really use the term
candle stick patterns

its simply recognizing patterns on a bar chart and exploiting them.

sorry if the term was misleading.
  • #5
  • Jun 16, 2009 4:47am Jun 16, 2009 4:47am
I also use chart patterns but I'm using candle stick not the bar chart because candle sticks are a lot easier to understand.
  • #6
  • Jun 16, 2009 5:10am Jun 16, 2009 5:10am
Quoting ForexBoy
I also use chart patterns but I'm using candle stick not the bar chart because candle sticks are a lot easier to understand.
You know that exactly the same information is presented in a bar as in a candle right?
  • #7
  • Last Post: Jun 16, 2009 7:18pm Jun 16, 2009 7:18pm
Quoting birdt
You know that exactly the same information is presented in a bar as in a candle right?
Yes it is but I prefer the candle sticks because it's the most commonly used chart pattern and there are lot of available resources that contributes about it.
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