15. How to Trade Triangle Chart Patterns Like a Pro Part 1

Forex Video of www.informedtrades.com The initial doctrine in a dual partial array upon how to brand as well as traffic a ascending, descending, as well as exquisite triangle draft patterns regulating technical research in a futures market, forex marketplace as well as batch marketplace for day traders as well as investors. for Forex Tutorial

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  • laton0
    November 30th, 2009 at 3:12 pm

    i found megapips sytem
    todaymarketsignalsdotblogspotdotcom/

  • leluczr
    November 30th, 2009 at 3:12 pm

    SO LET’S GET STARTED!

  • csaba85
    November 30th, 2009 at 3:12 pm

    Yeah, there is a book on this topic with a decent amount of statistics: Encyclopedia of Chart Patterns (Wiley Trading) by Thomas N. Bulkowski

  • LeonLPerry
    November 30th, 2009 at 3:12 pm

    AND HAVE A GREAT DAY!

  • axe863
    November 30th, 2009 at 3:12 pm

    Are there any statistical tests of the effectiveness of these strategies? Is it statistically significantly different than random?

  • CrystalVision7
    November 30th, 2009 at 3:12 pm

    Great explanation of triangles. Do you use Elliott Wave or have videos on Elliott Wave?

  • InformedTrades
    November 30th, 2009 at 3:12 pm

    Hi Robinmovie, I focus on the daily timeframe but I also use the monthly, weekly, and hourly timeframes as well to make sure I have a complete picture of the market. Best Regards, Dave

  • robinmovie
    November 30th, 2009 at 3:12 pm

    David, what time interval do you use to interpret patterns?

    Thanks

  • InformedTrades
    November 30th, 2009 at 3:12 pm

    Hi Frrobs, This is really a matter of preference and I think depends on how a trader looks at the market. As I suggest in my videos, most successful traders that I know don’t rely on just one thing such as just a chart pattern of just volume, but a combination of things to form a view on the market and then determine how strong that view is. With this in mind, whether a no volume breakout would negate a trade would depend on what else is going on in the market at the time.

  • Frrobs
    November 30th, 2009 at 3:12 pm

    Thanx for all your great videos. Still, there is one question regarding the existence of the breakout.
    Assumed the volume does not increase after the GRAPHICAL breakout, can we still speak about a breakout? In other words, should the trader ignore the breakout (triangle or others) if the volume is missing? Don’t you think that without the volume the market is ignoring the pattern completely?

  • meta2040
    November 30th, 2009 at 3:12 pm

    Great job

  • InformedTrades
    November 30th, 2009 at 3:12 pm

    hi yxz353. Thank you for the comments. The answer to both these questions is in my next video on triangle patterns which you can find by clicking the “InformedTrades” link above and going to my channel and then clicking on the video entitled ‘How to Trade Triangle Patterns Like a Pro Part 2′ Let me know if anything is unclear after watching that or if there are any other questions. Thanks Dave

  • InformedTrades
    November 30th, 2009 at 3:12 pm

    the answer to number 2 is for all three patterns including the symmetrical triangle you won’t know whether the breakout is up or down until the market breaks above or below the triangle pattern. Let me know if there are any other questions. thanks Dave

  • yxz353
    November 30th, 2009 at 3:12 pm

    Thank you so much David…
    These videos that I waited so long in youtube
    I have a two questions

    1-How I can Measured a target of the patterns after breakout point?
    2-how i know a “Symmetrical Triangle” is breakout up or down?

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