Trading Price Action Patterns - Trend Lines Don't Work



Trading Price Action Patterns : This Works Better Than Trend Llines. http://www.topdogtrading.net/stock-market-trading Trading pure price action without indicators is possible if you apply the right tools and dismiss some of the traditional technical analysis techniques. Enjoy the video! Leave your questions and comments below! Make sure not to miss a single video from Barry! Click here to Subscribe: https://www.youtube.com/user/TopDogTrading?sub_confirmation=1 ==================================================== Barry Burns Top Dog Trading TopDogTrading.com Facebook: https://www.facebook.com/TopDogTrading/ Get the Free Trade Strategy: “The Rubber Band Trade”: http://www.topdogtrading.net/stock-market-trading =================================================== Watch the related video: "Trading Price Action Patterns for the Stock Market and Forex Market:" https://www.youtube.com/watch?v=HqTJthtw_Vk

Comments

  1. Just clicked the up finger icon to take care of my moral obligation ???
  2. And what about the trend lines in the triangles? You usually like triangles and draw lines there?
  3. Very generalistic point of view. Maybe on your market trendlines don't work, but on mine (bovespa) it works as charm on most futures and stocks...
  4. did u ever do that "dark pools" video u mentioned here? +TopDogTrading
  5. Trend should be draw according to the Sperandeo rules. This avoids most of the "fakes", which were mentioned in the video. And is simple.
  6. I really don't understand why people such as you with a little knowledge of technical analysis try to teach other people!!! What you say about both trend lines and moving averages are rudimentary and it shows that you haven't worked on any of these concepts even a little.
    First, the way you draw trend lines is wrong and not precise. Second, trend lines move and there are ways of drawing them when they move and you can't just draw them from a high to a low or the other way around. It takes a lot of time and hard work to be master at them but still with the way you draw them, there are methods that you can make profit from them even though there might be false breaks. The easiest way is to use ATR to set your stop loss. If it's just a fake break out it won't go beyond the current ATR with the period of 30 (there are other ways to find the more precise period but there is not a big difference so that do the trick). Of course it again depends on the correct drawing of them.
    Regarding to moving average, again you lack the knowledge of them. As you say yourself, market is not linear and in fact it's not static. It's dynamic so you can't set a unique period for it. One of the easiest ways to find the correct number for period is to use the highs and lows of the pervious wave to set your MA. You have to set your MA by putting it in the highs of a down trend so it will be the correct MA for the next wave (uptrend). It again needs to work hard to be master at.
    Because there is a place like youtube that you can upload videos on, you shouldn't make incorrect videos and spread incorrect information. If you like teaching, become more knowledgeable first.
  7. moving averages gives so much false positives you have to be absolutely sure including price action in order to use MAs so watch out newbies.
  8. I prefer price action alone. Trend lines don't work and lagging indicators don't work either.
  9. I like to know where a trend line is if i am short and selling into the trendline, but i do the believe pure price action and what a combination of candles indicate is about to occur on the chart. (That would be the title of this video " Trading Price Action Patterns "). Nailed it. But No moving averages, no vwap, no macd for me.
  10. Trend lines may not work for you, but trend CHANNELS  are absolutely essential when price action trading.  Can't trade without them.  There are frequently short and long term channels in play simultaneously, perhaps that's why you don't see value in "trend lines". In the example you're showing, there are valid trend channels.
  11. The third line is the only good one you draw so if you had a minimum of free space with your stop loss, crossing the trend line would not matter and would make some profits regardless. Another thing is your wayyy too close to draw good trend line, zoom out a bit if you want to use this strategy right. I just hate ppl calling bullshit on strategy when they have no clue how to use it
  12. Jerry from Parks and Req thanks jherry
  13. No offense, but you coulda summed this up in a minute.
  14. Nice Video
  15. Your argument makes sense on the surface, yet there's nothing inherently ineffectual about applying a linear model to a non linear set of data. We know the markets tends to trend in certain directions at a more or less steady pace. Using a moving average is also linear in the sense that you're applying a formula based on the last X number of bars, over and over, on every single bar, even if you don't literally see a straight line. Anyway, trendlines can be a great tool if you know how to use them.
  16. Wow!
    Thanks Barry!
  17. i think trendlines work in the forex market ,in combination with tools
  18. I think your statement "trendlines doesn't work" ultimately reflects your lag of knowledge concerning how they work. Sorry to say.
  19. Awesome info, I'm just entering the market and this was very confidence inspiring!
  20. 15 EMA is a linear gauge, trend lines adapt, you are just lazy, draw trend line on closing prices not the wicks, wicks are not the trend, they are volatility, a 15 EMA is built on close not wicks.


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Duration: 8m 4s

Rating: 440