Below is the list of patterns,rules(or whatever you call them) that I follow or check before I enter the market or a stock……The mnemonics that I use also has been included:
I call them my ‘checklist for trading”! I don’t think,one can do well in trading(or anything else in life),if one doesn’t have ‘pre-defined’ rules for trading!! A trader without pre-defined,tested rules is a novice,confused,indiscipline trader. It doesn’t matter how long the trader is trading in the market,if he doesn’t know his ‘rules’ of trading well,he is just fucked!
I have kept the ‘mnemonics’ with the rules. These mnemonics are what make me easily recall hundreds of different techniques,rules,ideas or trading experiences I have from real trading……
The patterns:
- Market cycle/phase(ie, Wyckoff method/where the market is at the moment) – Wigs + Cycle+Startrek’s phazer
- Market Structure/Trend(Structured+Dynamic…hiher high,higher lows) – Fly+Train
- Seasonal trading – Scissor
- Candlesticks patterns….(ie,Pinbar/Hammer) – Candle/ Pin+Hammer
- Trend continuation(i.e….pullback type trading) – Train+Con
- Trend termination (reversal..ie.V pattern) – Train+Termite
- Support resistance failure(ie,breakout/breakdown from a range) – Bread
- Support resistance hold(range trading….buy at support and sell at resistance) – Soup +Old
- Contraction and expension – Con+Ex gf
- Impulse+Momentum – Mombati+Pulse machine
- Pullback pattern(simple,classic,complex) – Harpoon
- L pattern – L letter
- W patterns – W letter
- Volume Spike and Volume Trend – Bulb +Spoke
- Pullback failure – Pully+Tail
- Elastic price pattern – Elastic Man
- First pullback after breakout – Floss+Pully+Bread
- Descending/ascending patterns – Disc+Ace
- Oscillator trading– Pendulam
- Historical breakout – Histacin tablet
- Retesting – Tester/trash
- Extreme Sentiment – Ex girlfriend+Scent
- Value Price – Vulve
- R multiplier – Rainman
Here are other related articles:
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