Posts

Tech Charts Year in Review – Year Eight, May 2025 Webinar

/1 Comment/in , /by
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 Eight
  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • Statistically significant and reliable top 3 chart patterns, rectangle, ascending triangle and H&S continuation are covered in detail.
  • Statistics on different types of breakouts.
  • The impact of different market cycles on chart pattern opportunities.
  • Live Q&A
Live questions from Members
  1. I understand the logic of 200dma for continuation patterns; however, reversal patterns, by definition, indicate trend reversal. Do you still use the 200dma for reversal patterns? If so, why? 55:56
  2. Regarding the testing results, are they considering an entry when the price closes above the pattern confirmation level and a stop loss when the price touches the pattern negation level? Or what are the specific criteria to define a winning and losing trade? 58:44
  3. Is it weekly or daily used for breakout confirmation? 1:00:35
  4. Follow-up to question ONE - Does this dramatically reduce the number of opportunities you take for reversal patterns? 1:02:18
Recorded live 05.29.2025 Read More

Tech Charts Year in Review with Aksel – Thursday, May 29th, 830 am mountain

/0 Comments/in /by
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 29, 2024, at 8:30 am mountain (register below) Tech Charts Year in Review – Year Eight
  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • Statistically significant and reliable top 3 chart patterns, rectangle, ascending triangle and H&S continuation will be under review.
  • Detailed statistics on different types of breakouts.
  • The impact of different market cycles on chart pattern opportunities.
  • Live Q&A
Read More

Tech Charts Year in Review – Year Seven, May 2024 Webinar

/0 Comments/in , /by
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 Seven
  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • H&S continuation has been the most reliable chart pattern over the past year. Rectangle continued to be in the top 3 reliable chart 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. Do you always use Log scale? Or, in some cases, use regular? 42:40
  2. So, if you want to be aggressive in looking for Type 1 & Type 2 breakout, you have a stop width of 3% (confirmation level minus pattern boundary), right? 43:26
  3. Would you recommend going long at the lower support level of a rectangular pattern (assuming we are in a bull market) to capture first the move to the resistance level and then the breakout? 44:47 (Rectangle - Trading Range-Bound Price Action & Candlestick Patterns at Support and Resistance)  
  4. Given the large monthly pattern, how would you set trailing stops for $GOLD / $SILVER? 46:11 (ATR Trailing Stop-Loss - H&S Top) 
  5. Is Type 3 based on closing price or intraday? 47:15
  6. Do you ever use price-relative charts for equities? If not, why? 48:13
  7. How do you manage entries during the earning season? Do you skip patterns when earnings are in the next x days? 48:47
  8. Can the success rate of cart pattern breakouts be improved by incorporating volume? 49:13
  9. When calculating ATR Trailing Stop Loss, how many periods do you use to calculate the ATR? 51:27
  10. Do you ever add to a trade when you realize it is Type 1? 52:39
  11. How much leeway can you give when drawing the horizontal boundary? You don't negate the pattern if it goes slightly over the boundary or slightly below the lower boundary. Is it subjective, or is it a specific rule? 53:12
Recorded live 05.16.2024 Read More

Tech Charts Year in Review with Aksel – Thursday, May 16th, 830 am mountain

/0 Comments/in /by
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 16, 2024, at 8:30 am mountain (register below) Tech Charts Year in Review – Year Seven
  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • H&S continuation has been the most reliable chart pattern over the past year. Rectangle continued to be in the top 3 reliable chart patterns.
  • Detailed statistics on different types of breakouts.
  • The impact of different market cycles on chart pattern opportunities.
  • Live Q&A
Read More

Tech Charts Year in Review – Year Six, May 2023 Webinar

/0 Comments/in , /by
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 Six
  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • H&S continuation has been the most reliable chart pattern over the past year. Rectangle continued to be in the top 3 reliable chart 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. Last year, you said 2022 was the most difficult period for breakout trading of the last six years. Many breakout traders implement "sit out" periods where they stop trading in adverse market environments. Others use Progressive Exposure to size up or size down based on how well breakouts are performing. Do you use either of these tactics? 46:42
  2. On type 3 breakouts, are you getting stopped out and then reentering? 48:19
  3. It seems like some of your setups are based on the profit target and where your stop or pattern negation level are placed, that your risk-reward ratio is less than 1. Can you clarify some of those charts and if you're taking these trades or if you're charting what you see on the chart? 49:02
  4. Do you use a trailing stop once price action has moved toward your price target favorably to avoid a loss on something that has moved so much in the favorable direction 50:04
  5. Where are you placing your stops on the chart patterns you use? Like Head and shoulders, rectangles, Cup and handles, triangles, etc? 50:50
  6. What are your thoughts on the current formation of the Gold futures chart? I see a confirmed double top on the daily, but the pattern is small. Would you think it's too small of a pattern to trade? Thoughts on the position of gold's price? 51:52
Educational videos mentioned in this webinar Recorded live 05.24.2023 Read More

Tech Charts Year in Review with Aksel – Wednesday, May 24, 830 am mountain

/0 Comments/in /by
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: Wednesday, May 24, 2023, at 8:30 am mountain (register below) Tech Charts Year in Review – Year Six  
  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • H&S continuation has been the most reliable chart pattern over the past year. Rectangle continued to be in the top 3 reliable chart patterns.
  • Detailed statistics on different types of breakouts.
  • The impact of different market cycles on chart pattern opportunities.
  • Live Q&A
Read More

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

/2 Comments/in , /by
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

/0 Comments/in /by

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

Tech Charts Year in Review with Aksel – May 2021

/0 Comments/in , /by
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 Four
  • 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. Are there certain stocks (MSFT, GOOGL, etc.) that have a greater likelihood for Rectangles? 58:47
  2. When do you enter into position on breakout day? Near closing time at market price or enter into position as soon as breakout occurs during the day? 59:39 
  3. Do you consider volume or any other similar confirmation indicator on breakout day? 1:00:36
  4. If you see the momentum is getting weaker, do you have any exit strategy before stop-loss is triggered, or you only exit when SL is triggered, or target is achieved? 1:00:52 
  5. Do you have any pyramiding strategy when entering into position, or you enter full position on breakout day/level? 1:02:07
  6. Do you still buy/sell 3% from the boundary? Stop-loss on the boundary? 1:02:28
  7. What do you think about using of Fibonacci and also the using of it for reentry during long position in the type 3 and 4 breakout. 1:03:08
  8. Do you take profits when reaching target? Some stocks seem to keep running and that means giving up extra profits. 1:03:59
  9. Is the reentry point usually at the same level as the original breakout? 1:04:30
  10. Would you consider a set up in PEP as a possible two patterns 1) Rectangle and 2) cup and handle as well is FDX both H/S and cup and handle. 1:05:21
  11. What order types do you prefer? 1:05:51
  12. What risk/reward level you see most successful? 1:06:14
  13. On inverse H&S, I guess on H&S as well, your pattern negating level is sometimes too big to use as a stop loss, won't a stop loss just below the 200MA work better? 1:06:45 
  14. What was the gain-loss ratio during last year of your strategy? 1:07:18 
  15. Does it concern you to place a stop order. I have heard that the market makers will try and hit your stops. 1:07:58
  16. During a parabolic advance, the break of the parabola could mean an 80% correction. How do you draw the parabolas? Do you think BTC and ETH have broken their parabolas? 1:08:34
  17. Can Cup and Handle formation act as continuations, upward reversals or both? 1:09:08
  18. Do you care about the number of stock shares number and check the same fundamentals data? 1:09:42 
Recorded live 05.20.21 Read More

Tech Charts Year in Review with Aksel – Thursday, May 20, 830 am mountain

/0 Comments/in /by

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 20, 2021, at 8:30 am mountain (register below)

Tech Charts Year in Review – Year Four

  • 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