Chart patterns

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Buknoski Starts at the bottom of the blog post ( after lots of white space )

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Intra day Chart patterns:

How to Trade Bull Glag
Bear Flag combined with Corey 3/10 momentum
asr: one has to practice these with intrdday data with esignal 'Replay' mode ( i think they provide 3 to 4 months intra day data for $29 )
- good thing they have build-in replay mode , you set delay and barlength( 5 min or 10 min et..) so you just sit and do paper trade .

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Chart Patterns & Technical Analysis

asr: simple and easy read of major patterns.

If human emotion drives buying and selling behavior, then chart patterns can help to determine where such emotions may next surface. Chart patterns are the depiction of trading psychology in motion.

Chart patterns help traders to determine market direction as well as time entries and exits. A trader must be able to identify chart patterns properly. Only then can a trader benefit from chart patterns.

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Mr. K ref
Friday 11/13/09. Pattern Trading Setups for the Weekend.
- wow: so detailed patterns , good to check these when trading a stock where it stands

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software , it exists for telechart check
http://thepatternsite.com/patternz.html
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Pattern Quiz
This page gives you access to stock market trading quizzes that show techniques for trading and profiting from chart patterns. Many of the quizzes are based on actual trades I made in the stock market, and they discuss stop placement, price prediction, and quiz you on chart pattern identification. The goal is to teach you to profit from trading chart patterns.

Notes: The list is sorted by stock symbol. S means it is a quiz highlighting support and resistance, T means it is based on an actual trade I made, and no suffix means it is just a hypothetical quiz.
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Different Chart pattern software in market

1. features -
http://thepatternsite.com/CPI.html#AADB4 -- see Patternz setup
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- works only on Daily charts , NO intraday , Free
- Setups http://thepatternsite.com/setups.html

2. Wedges, Triangles, and Rectangles to Trade with Raghee Horner - this is ref. form Mr. K daily notes link
- atuocharttist commentary ( right to chart )on strength of patterns seems usefult on intraday data like 5, 30, 60 min data charts. Patternz dose NOT work on intraday min. charts) data and Trade-ideas offer only scans does not show Chart Visually you need to darw it visually yourself after looking at trade-ideas alert. so in this respect autochartist offers some thing not the above 2 offers.
- autochartist is $25/month and works on Nasdaq/nyse stocks , so can be tried ..
- Reviews - Jayanthi Gopalakrishnan on IBFX-GPS , 2007 OCT review
review text: This tool can be useful to determine the likelihood of the direction of a price move once a pattern is completed. This, in turn, will help you determine whether you want to open a new position or continue holding any current positions.
- FAQ *********************
- user Manual
- price

- Services: Chart patterns, Fibonacci patterns, PowerStats, Pro Series tutorials Exchanges supported: Forex, NYSE, NASDAQ, AMEX

3. John Murphys Chart Pattern Recognition
- In addition, the reports will give you price projections where the security price will move within a specified period of time.
- Identifies both trend reversal and continuation patterns.
When analyzing chart patterns, technical analysts generally categorize them in two groups: (1) patterns that predict trend reversal and (2) patterns that predict trend continuation.
- asr: this seems like patternz with little more commercial polished ..

4. Trade-Ideas: used by Mr. K and trader Mike ( for alerts of patterns )
- 7_day_consolidation
- see 'Position in Consolidation' see this text at this URL
- see Training
- 20 above 200 Period SMA (2m)

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Pattern	Failure rate	Throwback (%)	Rise / Decline Aver. (%)	Rise / Decline Likely (%)
Rectangle Bottom Upside breakout	0%	Throwback 61%	46%	20%
Rectangle Top Downside Breakout	0%	Pullback 55%	-20%	-20%
Broadening Bottom,Upside Breakout	2%	NS	25%	-10%
Rectangle Top Upside Breakout	2%	Throwback 53%	52%	20-30%
Ascending Triangle	2%	Throwback 58%	44%	20%
Symmetrical Triangle Bottom Downside Breakout	2%	Pullback 57%	-19%	-10%
Falling Wedge	2%	Throwback 47%	43%	20-30
Double Bottom	3%	Throwback 68%	40%	20%
Symmetrical Triangle Bottom Upside Breakout	3%	Throwback 43%	41%	20%
Broadening Top, Down Breakout	4%	NS	-23%	-10.00%
Broadening Top, Up Breakout	4%	NS	34%	-15-20%
Rectangle Bottom Downside Breakout	4%	Pullback 70%	-19%	-20%
Descending Triangle	4%	Pullback 64%	-19%	-20%
Triple Bottom	4%	Throwback 70%	38%	20%
Head & Shoulders Bottom	5%	Throwback 52%	38%	20-30%
Rounding Bottom	5%	NS	54%	20%
Symmetrical Triangle Top Upside Breakout	5%	Throwback 58%	37%	20%
Broadening Bottom,Downside Breakout	6%	NS	-27%	-15-20%
Complex Head & Shoulders Bottom	6%	Throwback 47%	37%	20-30%
Rounding Top	6%	NS	41%	20-40%
Symmetrical Triangle Top Downside Breakout	6%	Pullback 59%	-20%	-15%
Rising Wedge	6%	Pullback 53%	-19%	-15%
Head & Shoulders Top	7%	Pullback 45%	-23%	-15%
Complex Head & Shoulders Top	8%	Pullback 64%	-27%	-20%
Cup & Handle	10%	Throwback   74%	38%	10-20%
Dead Cat Bounce	10%	NS	-15%	-15%
Bear Flag	12%	Pullback 20%	-17%	-15%
Diamond Bottom	13%	Throwback   43%	35%	15%
Bull Flag	13%	Throwback 10%	19%	20%
Bearish Island Reversal	13%	Pullback 65%	-21%	-10%
Triple Top	15%	Pullback 84%	-21%	-10%
Double Top	17%	Pullback 69%	-20%	-10%
High Tight Flag	17%	Throwback 47%	63%	20-30%
Bullish Island Reversal	17%	Throwback 70%	34%	20%
One Day Reversal Bottom	17%	Throwback 61%	26%	10-15%
Bullish Pennant	19%	Throwback 16%	21%	15-20%
One Day Reversal Top	24%	Pullback 71%	-19%	-10%
Diamond Top	25%	Pullback 59%	-21%	-20%
Outside Day, Upside Breakout	25%	NS	32%	10%
Bearish Pennant	34%	Pullback 17%	-17%	-25%
Outside Day, Downside Breakout	42%	NS	-17%	-10%
Inside Day, Downside Breakout	51%	NS	-10%	-5
Inside Day, Upside Breakout	56%	NS	13%	5%