Jack of All Trades But Master of ............

Successful trading requires natural talents. Please do not get me wrong. The price chart demands our inner knowledge to interpret the endless conflict. We sense opportunity when we see through the eyes of the emotional crowd and measure its members. greed or fear. And we build consistent profits when we quietly sneak up behind them and empty their well-filled pockets.

Many traders never fully understand the nature of competition in the markets. We are taught since our childhood whether at school or at home to be nice to others in all of our daily activities. This makes its difficult to build the predatory instinct that leads to successful trading. Recognize our single purpose when the market opens each morning. We are there to take other peoples money before they take ours. The only way to accomplish this task is to exercise a market point of view or trading edge that defeats this competition.

Who will derive from this thread?
It tackles trading methodology that relies heavily on classic technical analysis and pattern interpretation. It uncovers some specific trading strategies and setups that include reward, risk, and stop loss considerations. It presents concrete tips, concepts, and workflows for readers to make informed choices at all stages of short-term trading development. It looks specifically at how to match personal lifestyle with trade management.
Enthusiasts will hopefully benefit from this thread.

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Is there a master pattern to conquer this amazing market?

Fascination of understanding the price pattern and its cycles starts with elastic bands such as Bollinger Bands. Bollinger Bands will not help us to predict the future but helps us in understanding past price action. It would thus help us to visualise the next probable move of the price. Bollinger Bands improves our vision, the underlying patterns and trends within the bands were telling me where price was about to go. This complex world of chart patterns was really built upon a single unified structure. Let us not try to flash its appearance on its own. But this master pattern might explain price movement through all time frames. We get fascinated with this intriguing concept and drive us to learn more.

We look for this master market pattern everywhere but could only find pieces of it. Stock charts would print the same old formations over and over again. There were triangles, wedges, and reversals from the classic books by John Murphy and Edwards and Magee. There was more evidence through the big W in market bottoms and the five-wave decline in major selloffs. We discover Fibonacci and Elliott but couldn.t understand how all the pieces fit together. Popular gurus were faring no better in their quest for true market knowledge. They would talk endlessly about a trading method or strategy but would rarely discuss the underlying mechanics that create opportunity in the first place. They would allege ownership of a common chart pattern and charge a fortune to those willing to pay for its secrets. And they would feed ruthlessly off their uninformed disciples with a few simple techniques they learned through actual market experience.


Markets move relentlessly from bottom to top and back again through all time frames. This first crude theory evolved over time and branched out into many different trading tactics. Renamed it as “Pattern Cycles” to acknowledge that these shifting market stages repeat in an orderly process. These broad concepts now form.

In the beginning its difficult to realize just how efficiently markets cycle through repeating price patterns. The original materials will grow well beyond initial expectations. They now encompass all market movement and provide a simple definition for how price gets from one place to the other in a predictable manner. They also offer many powerful tools for swing traders to gain a needed edge over their competition.

Pattern Cycles describe the machine language within market opportunity. They reveal the origin of the trade setup and how to capitalize on inefficiency through every phase of bull and bear conflict. They show swing traders where to find consistent profits and offer natural methods to shift tactics quickly as conditions change. Above all else, this master pattern accurately predicts the impact of the emotional crowd on trend, range, and price development.

When we have to trade, we must compete against the best-informed crowd.

We can succeed only when we recognize changing conditions and stay one step ahead of this restless crowd. This simple task requires great discipline because we must constantly abandon winning strategies and trade fresh ones as soon as the herd charges in their direction.

The core of trading and technical analysis have not changed in decades. Stocks still go up or down with many pullbacks to test support and resistance. New highs continue to generate greed that carries price well past most rational expectations.

Today’s traders often confuse execution with opportunity. Rapid placement tools and fast connections promise a level playing field for any individual interested in the markets. Add some high-tech software, and the home office may even rival a glass tower financial house. But these complex systems can short circuit the most critical requirement for consistent profits: market timing that relies on accuracy rather than speed. And the tremendous ease of execution generates instant karma for errors and washes out traders at the fastest rate in history.

When new players first enter this fascinating world, they run quickly to bookshelves and absorb the trading masters. But they must move slowly and protect capital until experience finally awakens knowledge. Over time, trade rewards and tragedies condition the mind to develop the instincts needed for long-term survival. Only then will the trader finally discover what works and what doesn.t in this challenging game.

Traders often carry a flawed and incomplete market reality. They limit execution to a few setups rather than build understanding of the entire complex mechanism. When the market fails to offer perfect conditions for their limited strategies, tactics demand that they standaside and wait. But if they lack strong discipline, the restless mind fills in the missing pieces and encourages bad positions. These narrow tactics may end careers in other ways. If the masses discover their well-worn game, it could stop working completely and leave them with no source of income.

The daily demands of trading are so intense that many borderline participants just grow lazy and evolve a self-destructive style. Fatigue sets in as the mind struggles to organize this complex world and many valuable shades of gray resolve into black and white illusion. In this dangerous view, stock positions become all-or-nothing events and wish fulfillment distorts vital incoming signals. As hope replaces good judgment, another market loser washes out and looks for a safer hobby. Trading at all skill levels evokes emotions that generate great illusions. Sudden gains convince us that we are invulnerable, while painful losses confirm our ugly imperfection. We then externalize and turn to others who will comfort us as they parrot our point of view. Or we try to blame external systems for our failure. After all, everyone knows that market makers steal our money through evil tactics while bad connections and buggy software keep us from reaping fortunes. The path to modern trading power must allow participants to adapt quickly to new inefficiencies, offer profit opportunities throughout changing conditions, and allow fast,accurate analysis of all system input. It must be powerful enough to short circuit both mental and emotional trader illusions. This market knowledge must be simple to understand but provide continuous feedback through all time frames. And it must present a broad context to manage trade setups, risk, and execution through a variety of strategies, including day trading, swing trading, and investment.

:!Parallel price channels offer a breakout pattern favored by many experienced traders. But the setup may fail when the crowd sees it in advance. Buyers will not have an opportunity to profit before the stock reversed. Even those that buys the first pullback to the upper channel pays the price if they held the position overnight.

sir,
ur approach is good please continue posting.
its a request