Quick Trading Pattern Guide for Newbie traders

[noormcs5]

Indeed a very useful diagram for the Newbie traders.

Note: This image is taken from google for educational purposes.

[Fesatmas]

Thank you for the guidance, let me keep it as additional material for my personal knowledge in fast trading. quite helpful and very easy to understand. not only for beginners, because basically old traders often forget to make STOP, ENTRY and save TARGET benchmarks.

[woodcockk]

Been following these trading paterns up until now on day trading with smaller alts like XRP! Its really helpful since at first it was just all gut feeling and full of fear.

[tbct_mt2]

If you are not the person who draw the charts in OP, you need to use source link of those charts. It can be from a website or a book.

Patterns are interesting to read, learn and practice with them but in trading and investment, the times patterns fail to claim are more important. It causes loss for you and it can kill you if you believe in patterns and use high margin for your trade and don't mind to use stop loss or stop market orders.

[sheenshane]

If you are not the person who draw the charts in OP, you need to use source link of those charts. It can be from a website or a book.

That pattern comes from here and OP may be accused of copy-pasting or plagiarism since he didn't include links.
https://www.quora.com/What-is-a-bullish-reversal/answer/Kenneth-John-McPherson
or here, https://in.pinterest.com/pin/720153796651221555/

Archived for you.

BTW, I don't understand the chart, it would be better if OP includes some explanations and of course, the source where this chart comes from.

[Jawhead999]

If you are not the person who draw the charts in OP, you need to use source link of those charts. It can be from a website or a book.

Found it here https://in.pinterest.com/pin/720153796651221555/

The chart is a bit helpful for beginner since that would make them to understand more how to learn sign and chart, but don't consider it as 100% true since the real market very different than what you expect.

If the chart/sign is true based of @OP provide above, the market right now on "Rising Wedge" so the price should be decline soon.


https://www.coindesk.com/price/bitcoin

[Sterbens]

well, before I accept that your advice for beginners is very good, but then I thought ... hmmmmm for beginners then how can beginners understand clearly taking positions, stops, targets, and necklines. maybe if you explain what Double TOP is and all the indicators you display. Even for me, not only for beginners, for those of us who frequently interact with data analysis, it will be very ineffective without explanation.
okay make it easy for you to understand just by looking at the picture, but for beginners will they say "by looking at your picture I understand" I don't think so

[Coin_trader]

If you are not the person who draw the charts in OP, you need to use source link of those charts. It can be from a website or a book.

That pattern comes from here and OP may be accused of copy-pasting since he didn't include links.
https://www.quora.com/What-is-a-bullish-reversal/answer/Kenneth-John-McPherson
or here, https://in.pinterest.com/pin/720153796651221555/

Archived for you.

BTW, I don't understand the chart, it would be better if OP includes some explanations and of course, the source where this chart comes from.

He is not owning the content judging from the text below so I believe its not that much punishable based on my own judgement. This picture is widely used on different website so even posting the source will not guarantee that it came from the real owner of this image.  

The pattern simply showing signal on when to enter position and take profit if you encounter this kind of patter on the chart. This is the basic pattern guide for newbie trader. A pattern backing up with indicator is still the best.

[Ryker1]

Well, if it is a copy from other's work or not, perhaps OP take down a note that the image he posted is not made by the OP and perhaps it was grabbed from Google. However, that I don't mind for now where that image coming from, it is an educational thread for a newbie who wants to learn more in trading, and perhaps that is touched in technical analysis. It is totally guided for the traders but I will not consider this for those new in trading, it is very technical to understand and I don't think the newbie will quickly absorb this by simply looking at the images.

[passwordnow]

BTW, I don't understand the chart, it would be better if OP includes some explanations and of course, the source where this chart comes from.

It's the patterns that most of the technical analysis that you can see. They're only following any of those patterns depending on what it looks like to be in the market. They are indicators whether you'll hold or you'll keep buying until there's a pattern that will be opposed to what you think.
They are guides in the market but not all the time they are perfect but at least you get to guide yourself if you're trading for short term or long term or wants to have an idea where the market is going.

[crzy]

The picture is easy to understand but seriously, if you’re already on the market looking for the price trend its really hard to tell and to spot these signals so I still suggest for the newbie to learn the basic fundamentals of trading first before you go on these picture. Its very important to understand everything and don’t take any shortcut on your learning process.

[velive08]

of the many trading patterns that exist, in your opinion, which trading pattern is suitable for beginners in 2021? because I believe that every year we change to another we can't use the same trading pattern because the markets are different. This can be useful for beginner traders who want to start trading this year so they can learn quickly

[Reid]

Thank you.
That's easier to understand in my opinion.
Unlike others who put too much color that leads to an eyesore. 

This is basic and simple. I really like it. Keep sharing man!
If it's copied though, be sure to always credit the owner.

[gabbie2010]

Double Top and Head and Shoulders are very common price pattern that often occur in most time with reference to yesterday 15 minute BTCUSD chart a Head and shoulder pattern was the indicator to the present bearish sentiment of the market, a newbie that sell immediately after the completion of the pattern will be profits now, this really shows the important and how powerful are price patterns towards becoming a successful trader, its up to newbies to search these patterns on a chart and master them appropriately possibly practice tradings with those pattern via stimulation or demoing until profit making is consistent before investment.