Day Trading Patterns

var _bcvma = _bcvma || [];
_bcvma.push([“setAccountID”, “7106636972972871068”]);
_bcvma.push([“setParameter”, “WebsiteDefID”, “930599811478207608”]);
_bcvma.push([“setParameter”, “InvitationDefID”, “175411495957779986”]);
_bcvma.push([“pageViewed”]);
(function(){
var vms = document.createElement(“script”); vms.type = “text/javascript”; vms.async = true;
vms.src = (‘https:’==document.location.protocol?’https://’:’http://’) + “vmss.boldchat.com/aid/7106636972972871068/bc.vms4/vms.js”;
var s = document.getElementsByTagName(‘script’)[0]; s.parentNode.insertBefore(vms, s);
})();

One of my favorite technical patterns is SO easy, and we call it the AB=CD Pattern because it uses 4 legs of the price movement to tell me where to look for a price reversal. Make sure you look for this pattern on different time frames. Some of the best ways to use this pattern on a faster time frame (8range) is for stops and targets. hint hint!

Double-tops and Double-bottoms may be the highest percentage ‘price structure’ we use as traders. It doesn’t matter what type of trader; scalper, intraday, position or swing trading, we LOVE it when we see double-tops or double-bottoms because they are so consistently profitable. I have a simple day trading strategy that allows me to identify these patterns and then profit from them with low-risk trades.

When does price reverse its direction? We use the Three Signs of a Price Reversal to give us 3 big clues from any market and any time frame to tell us when to look for price reversal trades, when to take profit, and when to hold onto the runner to maximize profits!

One of my favorite ways to turn 1 move into 2 winning trades in any market is the Slingshot Pattern. This is most often a 13-range 2-Step Pattern into a 21/34-range wave pattern and its some of the best trading you will see in our live trade room!

The most efficient way to day trading, and my favorite trading pattern is the Wave, and to trade the wave pattern you need to buy pullbacks and sell retracements like a professional! Remember, you cannot trade EVERY wave you see, so know the good from the bad.

We are always looking for patterns in the time & sales window. Reading the tape is essential for professional traders, and our advanced course provides our members with the strategies they need to master tape reading in less than 3 days.