Is trading chart patterns a wise strategy?

CONTENTS

    Pricing plans and indicator

    Hi there, here's Daveatt from TradingView.

    This framework is offered to our PREMIUM subscribers.

    More info on our Pricing Plans page.

    Chart and Candles patterns are.... subjective. So, when the analysis is wrong, then the trades go very wrong too.

    Cup and Handle, Head and Shoulders are laughable because working at best 1 time out of 3.
    Charts Patterns lead the traders to draw on his charts what he/she wants the market to do. Let me break down something you, the market doesn't "care" what I, we, you want.

    Only algorithmic trading removes most or ALL of the subjectivity in trading.

    Though, trendlines are for sure a nice addition to identify whenever a higher-high/lower-low appears

    We're trading the Indices Intraday using the Algorithm Builder Indices

    A quite note

    Each screenshot below is clickable and can be enlarged for better visibility

    Indices 2-minutes Trading Signals

    $DJIA: 260 points
    $SPX: 280 points
    $DAX: 100 points

    Total= 640 points

    TradingView trade How many points would you have made on these trades if you used our 2minutes algorithm on indices TradingView trade How many points would you have made on these trades if you used our 2minutes algorithm on indices TradingView trade How many points would you have made on these trades if you used our 2minutes algorithm on indices

    Trading Indices 5-minutes Signals

    $DJIA: 560 points

    $SPX: 820 points 

    Total = 1380 points

    TradingView trade How many points would you have made on these trades if you used our 5minutes algorithm on indices TradingView trade How many points would you have made on these trades if you used our 5minutes algorithm on indices

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    Do you want a better Trading Performance?

    Hey, I'm Dave. I'm determined to make a trading account grow.
    My only question is, will it be yours?

    The signals and trading method frameworks are available to our VIP subscribers


    About Dave


    He is the co-founder of Best Trading Indicator. Previously a quant trader for a french bank in New York City, he's been trading full-time for the past 8 years.

    Dave used to teach his professional traders how to use his trading algorithms.

    Best Trading Indicator is 1 year old and already counts 600 recurring subscribers profiting from our trading course and TradingView signals.

    Learn more


    Do you want a better Trading Performance?

    Hey, I'm Dave. I'm determined to make a trading account grow.
    My only question is, will it be yours?

    The signals and trading method frameworks are available to our VIP subscribers