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Review of Chart Pattern Reliability Statistics – December 2022 Tech Charts Webinar

Review of Chart Pattern Reliability Statistics - December 2022 Tech Charts Webinar

We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. We plan to have an interactive session and an open discussion to answer members' questions on different markets and specific charts of interest.

Webinar Outline

  • Review of chart pattern statistics and discussion on chart pattern reliability covering the fourth quarter of 2022
  • Review of global equity markets and latest opportunities
  • Stop-limit orders and ideas on scaling in during breakouts and how it changes the risk/reward
  • Open discussion answering member's questions on different markets and specific charts they want to discuss
  • Education/analysis of fine points on classical charting as we go through different charts/questions

Live questions from Members

  1. New member here. I like your data on win rate by pattern and breakout type. I know your targets are based on the chart patterns but have you looked at risk-reward ratios on your trades? In this current environment, I am happy taking some profits at 2:1 and thrilled when a 3:1 reward to risk is achieved. Also, how much risk do you place on a trade? Is it similar to Peter Brandt, and is it a certain percentage of account equity? 47:55
  2. I remember seeing on Aksel's Twitter that he used a quiz to teach about movements and patterns. I found it very didactic to learn technical analysis. Are these quizzes also in the members' area? 49:17
  3. SLIDE 43 - Where to check, ema or sma? 49:55 
  4. Re. Gold: Looking at the monthly chart, can you comment on possible cup & handle? 50:45
  5. Do you look at sectors and main trend in the market when deciding to take a trade? 51:16
  6. How do you rate the technical situation of XETRA DAX? 52:25
  7. How much importance do you give to institutional investors scaling in the stocks and how do you go about noticing their process? 53:14
  8. For looking at chart daily or weekly or monthly? 54:52
  9. In the poorly trending market would you suggest a tighter SL (high R:R, low win rate) or wider SL (Low R:R, high win rate) or is the strength of the market not relevant to SL positioning? 56:02
  10. What time of day do you trade? Always at or near closing price? 56:59
  11. How to know which support or res? right or wrong. 57:45

Educational Videos mentioned in this webinar 

Recorded live 12.15.2022  Read More

Live Webinar and Q&A with Aksel – Thursday, December 15, 8:30 am mountain

Dear Tech Charts Members,

We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. We plan to have an interactive session and an open discussion to answer members' questions on different markets and specific charts of interest. Please send your charts and questions to aksel@techcharts.net, and I will add them to the webinar discussion points.

Scheduled for: Thursday, December 15, 8:30 am mountain (register below)

Read More

Review of Chart Pattern Reliability Statistics and Opportunities in Global Markets – September 2022 Tech Charts Webinar

Review of Chart Pattern Reliability Statistics and Opportunities in Global Markets - September 2022 Tech Charts Webinar

We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. We plan to have an interactive session and an open discussion to answer members' questions on different markets and specific charts of interest. Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability covering the third quarter of 2022
  • Review of global equity markets and latest opportunities
  • Review of cryptocurrencies and latest opportunities
  • Open discussion answering member's questions on different markets and specific charts they want to discuss
  • Education/analysis of fine points on classical charting as we go through different charts/questions

Live questions from Members

  1. India has been in a sideways movement for a year. I know you've featured a bunch of names from here. Do you see this EM as an outlier of strength amongst most EMs? 48:45
  2. I have been looking at the crypto ticker XLM/USD and XLM/BTC. It seems to be setting up a strong bottom. 49:39
  3. I see you use MetaStock. Is there any specific reason? 51:08 (LINK for MetaStock)
  4. Do you only trade the chart patterns? Do you wait for the confirmation for the price close? What do you do when closing diminishes the Risk reward relationship? 52:14
  5. Would you be able to give me a stop loss (as you would use) for your India positions? 53:20
  6. Can you go over the breakout setup in NOC? 55:06 (LINK ATR TRAILING STOP-LOSS
  7. How important is EEM nowadays? Isn't it mostly made up of China tech? Isn't it better to look at individual EM ETFs rather than EEM? 57:05
  8. In your weekly report for some index or stocks, you are using DEMA200 or DSMA200. It's a bit confusing which one to use. 57:43
  9. Yen had a crazy day today. 58:03
  10. Your thoughts on the continuing strength of the U S Dollar & its effect globally? 58:05
  11. Could you give us your view on EWZ (brazil) and also an update on NIKKEI? It looks like a bull trap confirmed above the rectangle breakout. 59:38
  12. Can you summarize any charts that look bullish? Everything seems bearish. 01:01:43
  13. Can you please chart BBBY on daily? Is that a falling wedge from 8/17 to the present day? 01:02:08
  14. How do you trade Turkey ETF? On a USD or at a TRY base? 01:03:51
  15. On the BBBY monthly, is that a double bottom? 01:05:15

Educational Videos mentioned in this webinar 

Recorded live 09.22.2022  Read More

Live Webinar and Q&A with Aksel – Thursday, September 22, 8:30 am mountain

Dear Tech Charts Members, We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. We plan to have an interactive session and an open discussion to answer members' questions on different markets and specific charts of interest. Please send your charts and questions to aksel@techcharts.net, and I will add them to the webinar discussion points. Scheduled for: Thursday, September 22, 8:30 am mountain (register below) Read More

Tech Charts Year in Review – Year Five, May 2022 Webinar

Tech Charts Year in Review. Aksel compares the before and after of charts shared with Members over the last year followed by a live Q&A. Tech Charts Year in Review – Year Five
  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • Rectangle has been a reliable chart pattern with the H&S variations. Examples and studies on those reliable patterns.
  • Detailed statistics on different types of breakouts.
  • The impact of different market cycles on chart pattern opportunities.
  • Live Q&A
Live questions from Members
  1. SLIDE 5 - I only look for patterns that begin with a pivot point countering the preceding trend. However, I see on slide 5 that you've labeled the pattern beginning with two lower pivots after an uptrend. Am I being too rigid in defining my patterns? 50:55
  2. SLIDE 8 - In a Type 4 breakout, if the price reverses down and the negation level is hit, but the price then rebounds/recovers and breaks out again, why is the chart pattern destroyed? 52:20
  3. How is the breakout confirmation price calculated? 54:21 (Technical Analysis of Stock Trends, 5th Edition, Edwards and Magee) 
  4. In Peter Brandt's book "Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading," he described the average duration of some classic patterns; my question is: do you have your own durations for classic chart patterns, or is the average duration universal to all classic chart patterns? 55:35 (Diary of a Professional Commodity Trader, Peter L. Brandt) 
  5. Do you take profits once a chart reaches its target, or do you let the trade run until you see signs of reversals? 56:35
  6. How many concurrent positions do you recommend a breakout trader hold? I'm reading the Mark Minervini books from your reading list, and he recommends holding no more than 4 positions (non-margined) to 8 positions (fully margined). Do you recommend similarly? 57:40
  7. I just want to make sure I understand that 1. the success rate is calculated from subjectively identified inside pattern minor price points? and hence 2. the success rate showed here has nothing to do with my trading success rate because everyone's stop level can be different? so 3. if that's the case, what's the point of calculating the success rate here unless we all use that minor point inside the pattern as a stop level? 59:03
Recorded live 05.19.2022 Read More

Tech Charts Year in Review with Aksel – Thursday, May 19, 830 am mountain

Dear Tech Charts Members,

Tech Charts Year in Review. Aksel will compare the before and after of charts shared with Members over the last year. As always, we'll end the webinar with a live Q&A.

Scheduled for: Thursday, May 19, 2022, at 8:30 am mountain (register below)

Tech Charts Year in Review – Year Five

  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • Rectangle has been a reliable chart pattern with the H&S variations. Examples and studies on those reliable patterns.
  • Detailed statistics on different types of breakouts. 
  • The impact of different market cycles on chart pattern opportunities.
  • Live Q&A
Read More

Chart Pattern Reliability & Review of Current Market Opportunities – March 2022 Tech Charts Webinar

Chart Pattern Reliability & Review of Current Market Opportunities - March 2022 Tech Charts Webinar

We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability covering the first quarter of 2022
  • Review of markets and latest opportunities
  • Open discussion on answering members’ questions on different markets and specific charts they want to discuss
  • Education/analysis of fine points on classical charting as we go through different charts/questions

Live questions from Members

  1. SLIDE 3 - Is it possible to publish this data only for the US market? 01:07:37
  2. SLIDE 14 - When drawing the channel's lower boundary, I would have used the lows in 2014 and 2018 to connect the trendline. What made you confident ignoring those lows? 01:08:38
  3. Can you look at praj.ns. listed on the NSE in India? A rectangle with a premature breakout and now trying again? 01:10:46
  4. Do you use a minimum volume threshold to determine which ETFs make it into your asset universe? 01:12:17
  5. Do you believe AKAM is a valid rectangle? 01:13:21
  6. Do you have plans to add commodities to your reports? 01:14:35
  7. ARES chart, please. 01:14:54
  8. Do you adjust stock data for dividends? 01:16:12
  9. Is there technically a proper H&S top on ADBE? 01:17:42
  10. Another stock you've covered in the past is Indian hotel listed on NSE...another breakout rectangle breaking? 01:18:57
  11. When you wait for the 3% breakout threshold, do you only buy on the next day or at the close? 01:20:19

Educational Videos mentioned in this webinar 

Recorded live 03.31.2022  Read More

Two Different Strategies for Trading Classical Chart Patterns – December 2021 Tech Charts Webinar

Two Different Strategies for Trading Classical Chart Patterns - December 2021 Tech Charts Webinar We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability
  • Two types of strategies with chart patterns, the breakout and the range-bound.
  • Fine points of trading those two strategies with logical levels of stop-loss, price targets and chart pattern negation levels
  • Review of latest market opportunities and conditions
  • Member Q&A
Read More

Live Webinar and Q&A with Aksel – Thursday, December 16, 8:30 am mountain

Dear Tech Charts Members, We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns.  Scheduled for: Thursday, December 16, 8:30 am mountain (register below) Read More

Chart Pattern Reliability & Statistics – September 2021 Tech Charts Webinar

Chart Pattern Reliability & Statistics - September 2021 Tech Charts Webinar We continued our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. What are the patterns that are robust in different types of market cycles?   Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability
  • How to measure price objectives with bearish breakdowns
  • How to treat range-bound markets and take advantage of trading opportunities during well-defined ranges
  • Review of some of the latest breakout opportunities
  • Member Q&A
Read More