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Learn Together: Chart Patterns Technique

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Isca

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Learn Together: Chart Patterns Technique

As with candlestick patterns, chart patterns are included in the trading strategy based on Price Action. Then what is the difference with Candlestick Patterns? Of course different, Candlestick Patterns are formed based on the formation of one or several candles with emphasis on the shape of the candle formation and are influenced by the shape of each candle in its formation, while chart patterns focus more on general chart patterns and do not see each individual candle forming pattern.

The concept of chart patterns is actually very closely related to the concept of support and resistance, because these patterns are formed by the presence of support and resistance that occur during price movements. The chart patterns can be divided into:

- Symmetrical Triangle
- Ascending Triangle
- Descending Triangle
- Wedges
- Flags and Pennant
- Rectangles
- Head and Shoulder

To be Continued...

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#1 - February 11, 2019, 07:20:36 PM

ageseko

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I also see many traders using the method of analysis using those patterns and that seems to be popular besides using candlestick forms
#2 - February 12, 2019, 05:37:12 AM

indra88makmur

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hi isca. how are you? I'm glad you're online now. I really want to get additional knowledge from you. can you explain in more detail about the taknik you wrote above? Are you very experienced in using the technique? what is very important to master in using your technique. please help me. because you are the best trader in my opinion. thank you
#3 - February 15, 2019, 01:44:29 PM

SilorFX

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Quote from: Isca on February 11, 2019, 07:20:36 PM
Learn Together: Chart Patterns Technique

As with candlestick patterns, chart patterns are included in the trading strategy based on Price Action...
I prefer the head and shoulder chart pattern, because more of these patterns are among the oldest patterns of use by traders. other than that, if a head and shoulder pattern is formed in a chart, there will be strong pressure from the buyer or seller.
#4 - February 16, 2019, 06:30:45 PM
« Last Edit: February 16, 2019, 07:47:27 PM by Mikser »

Abdul Hakim

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Quote from: Isca on February 11, 2019, 07:20:36 PM
Learn Together: Chart Patterns Technique

As with candlestick patterns, chart patterns are included in the trading strategy based on Price Action. Then what is the difference with Candlestick Patterns? Of course different, Candlestick Patterns are formed based on the formation of one or several candles with emphasis on the shape of the candle formation and are influenced by the shape of each candle in its formation, while chart patterns focus more on general chart patterns and do not see each individual candle forming pattern.

The concept of chart patterns is actually very closely related to the concept of support and resistance, because these patterns are formed by the presence of support and resistance that occur during price movements. The chart patterns can be divided into:

- Symmetrical Triangle
- Ascending Triangle
- Descending Triangle
- Wedges
- Flags and Pennant
- Rectangles
- Head and Shoulder

To be Continued...
I often use this technique. Sometimes when there is big news there is often a false signal
#5 - February 17, 2019, 03:59:00 AM

Ariyudin

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I am moving well again learning again Chart Pattern is moved. Already starting to understand the patterns, but in practice there are still frequent moments or forget about the pattern on the live chart. If there is a special thread like this, you can listen to the examples every day and maybe leak whenever the open is on the live chart. Because often you know the pattern but don't know how and when it's open. Ok, awaiting the continuation of the material. And maybe if there is an indicator that can automatically draw the pattern it can also be easier. Hehe said.
#6 - February 17, 2019, 08:34:48 AM

Isca

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Quote from: Ariyudin on February 17, 2019, 08:34:48 AM
I am moving well again learning again Chart Pattern is moved. Already starting to understand the patterns, but in practice there are still frequent moments or forget about the pattern on the live chart. If there is a special thread like this, you can listen to the examples every day and maybe leak whenever the open is on the live chart. Because often you know the pattern but don't know how and when it's open. Ok, awaiting the continuation of the material. And maybe if there is an indicator that can automatically draw the pattern it can also be easier. Hehe said.
Until now, as far as I know, there is no specific indicator that works to detect patterns.
#7 - February 17, 2019, 03:30:09 PM

Isca

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Continuing the discussion about the chart pattern, this time I want to share the understanding and examples of the triangle chart pattern.
Basically a triangle or triangle pattern consists of 3 types, namely symmetrical triangle pattern, ascending triangle pattern and descending triangle pattern (descending triangle). These patterns are often found in practice. According to the theory that 75% of the symmetrical triangle pattern that occurs in the market is a continuation pattern of the ongoing trend, here is an explanation of each of these patterns along with their trading methods.

Symmetrical triangle pattern

Symmetrical triangle pattern is a formation where the slope of the high levels and the slope line of the low levels meet at a point so that the pattern resembles an equilateral or symmetrical triangle. In this formation it seems that prices move to form lower high levels (lower highs) and higher low levels (higher lows).

Learn Together: Chart Patterns Technique in Trading Systems_proxy

Example Symmetrical triangle pattern on the direct chart:
Learn Together: Chart Patterns Technique in Trading Systems_proxy

For a discussion of other triangle chart patterns, I will discuss later. However, if there are friends here who want to explain, I invite.
Let's share ...
#8 - February 17, 2019, 04:08:20 PM

paidto

Quote from: Isca on February 11, 2019, 07:20:36 PM
Learn Together: Chart Patterns Technique

As with candlestick patterns, chart patterns are included in the trading strategy based on Price Action. Then what is the difference with Candlestick Patterns? Of course different, Candlestick Patterns are formed based on the formation of one or several candles with emphasis on the shape of the candle formation and are influenced by the shape of each candle in its formation, while chart patterns focus more on general chart patterns and do not see each individual candle forming pattern.

The concept of chart patterns is actually very closely related to the concept of support and resistance, because these patterns are formed by the presence of support and resistance that occur during price movements. The chart patterns can be divided into:

- Symmetrical Triangle
- Ascending Triangle
- Descending Triangle
- Wedges
- Flags and Pennant
- Rectangles
- Head and Shoulder

To be Continued...
I see this is one of the best trading techniques that has ever existed and I want to learn this technique too and hopefully I can apply this technique well
#9 - February 19, 2019, 06:58:21 AM

rahayu

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I've seen a number of people trading using a number of patterns as the basis of the trade they are running, I have tried to learn it but I have difficulty, so I decided not to use patterns, and trading based solely on pure resistance support
#10 - February 25, 2019, 05:21:25 AM
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