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Here are the Best Price Action Patterns
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Here are the Best Price Action Patterns

  #1 (permalink)
Market Wizard
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Here are the Best Price Action Patterns

There are many price action patterns out there including Triangles, Channels up and down, Double Top and Bottom, Wedges, Flags, Pennant, Head and Shoulder, Triple Top and Bottom, and many more that people think they will lead them to the Holy Grail. And, off course there are many EDUCATORS that are making a good living teaching or selling these patterns that they themselves can't trade.

Well, don't look no more. The attached spreadsheet summarizes the results for 194,000 samples over ten years of data identifying the best patterns, best pairs to trade, and best time of day to trade. Most of these patterns are about %70 correct. But there are two patterns and 2-3 pairs that outshine the rest.

By the way, the US session is still the most profitable.

Check it out!

Some patterns like 1-2-3 and Harmonics are missing here, but any stats on other patterns are welcomed.

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  #2 (permalink)
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  #3 (permalink)
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Hi Alligator...

Have you been able to gather stats on the 1-2-3 and Harmonics since posting this?

Do you have a updated spreadsheet you could post as well?

Greg


aligator View Post
There are many price action patterns out there including Triangles, Channels up and down, Double Top and Bottom, Wedges, Flags, Pennant, Head and Shoulder, Triple Top and Bottom, and many more that people think they will lead them to the Holy Grail. And, off course there are many EDUCATORS that are making a good living teaching or selling these patterns that they themselves can't trade.

Well, don't look no more. The attached spreadsheet summarizes the results for 194,000 samples over ten years of data identifying the best patterns, best pairs to trade, and best time of day to trade. Most of these patterns are about %70 correct. But there are two patterns and 2-3 pairs that outshine the rest.

By the way, the US session is still the most profitable.

Check it out!

Some patterns like 1-2-3 and Harmonics are missing here, but any stats on other patterns are welcomed.


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  #4 (permalink)
Market Wizard
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birdoggg View Post
Hi Alligator...

Have you been able to gather stats on the 1-2-3 and Harmonics since posting this?

Do you have a updated spreadsheet you could post as well?

Greg

@birdoggg;

No, I have not. Due to heavy subjectivity, those two patterns are nightmares to program and for computers to run. For this reason they are not included in the fold of traditional patterns that are simple drawings from HH to LL pivot points.

Although, I must say that the spreed sheet attached to post#1 includes more useful stats on traditional patterns, specially on the second page, than one would find anywhere.

I am sure many have overlooked and missed on this piece of nugget.

Cheers!

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  #5 (permalink)
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right...I do agree....thanks a lot....smile....

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  #6 (permalink)
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This is an old thread.

I'm thinking it probably should have either been posted in the main price action thread:

https://futures.io/elite-circle/3506-elusive-price-action-how-trade.html

Or for the statistics part, possibly also cross posted in the homework thread:

https://futures.io/elite-circle/20164-master-homework-statistics-thread.html

Mike

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  #7 (permalink)
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@aligator

Wondering if you have an indicator for the head and shoulders and inverse that you can share. I've tried many times to code this pattern but no luck.

Not that this matters much but I did a study of the H&S patterns several years ago with my results being very similar to your's. Unfortunately I had to do the study manually because I didn't have an indicator marking the patterns.

Thank you

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  #8 (permalink)
Market Wizard
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MWinfrey View Post
@aligator

Wondering if you have an indicator for the head and shoulders and inverse that you can share. I've tried many times to code this pattern but no luck.

Not that this matters much but I did a study of the H&S patterns several years ago with my results being very similar to your's. Unfortunately I had to do the study manually because I didn't have an indicator marking the patterns.

Thank you

@MWinfrey,

Sorry, but I do not have an NT version. However, this best performing pattern like most other patterns is best determined visually.

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  #9 (permalink)
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Hello Aligator,

This is an interesting thread! What software or plataform did you used for the patterns study?

Thanks in advance


Last edited by joselopezde; March 14th, 2013 at 08:59 PM.
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  #10 (permalink)
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aligator View Post
There are many price action patterns out there including Triangles, Channels up and down, Double Top and Bottom, Wedges, Flags, Pennant, Head and Shoulder, Triple Top and Bottom, and many more that people think they will lead them to the Holy Grail. And, off course there are many EDUCATORS that are making a good living teaching or selling these patterns that they themselves can't trade.

Well, don't look no more. The attached spreadsheet summarizes the results for 194,000 samples over ten years of data identifying the best patterns, best pairs to trade, and best time of day to trade. Most of these patterns are about %70 correct. But there are two patterns and 2-3 pairs that outshine the rest.

By the way, the US session is still the most profitable.

Check it out!

Some patterns like 1-2-3 and Harmonics are missing here, but any stats on other patterns are welcomed.


This is some really great work. Is the hour of the day based on EST?

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