Forex Chart Patterns – So Pretty, But So Deceiving

46 comentários em “Forex Chart Patterns – So Pretty, But So Deceiving”

1. Man you have single handedly changed my forex game. I am relatively new and learning fast. At first most of your advice was too obscure and difficult for me to relate to. But as i started making serious gains and unfortunately losses and analyzing things deeper, beginning to feel that genuine dissatisfaction with the quality of indicators and other bullshit i realized just how incredible your stuff is.

   At first its bewildering abandoning all the stuff. It really throws you for a loop. But WOW man when it clicks.

   To anyone watching who may be new and skeptical because this guy goes against the advice of many. Keep your skepticism, its healthy, but just know that i am getting mad results. I only have a FRACTION of the algorithm and im already making profits. But more importantly, i have a DIRECTION that gives me real confidence in progress.

   That video about the banks. THAT one alone took weeks to really sink in what it means. Its one thing to understand what is said and another to put your money behind it and undo all your other perceptions. But THAT right there was the single biggest change to my perception.

   This whole channel is gold. The beauty is its obscurity, the banks WANT people to give them results so they can get better at screwing you over. This is why outdated indicators suck! PUT IN THE WORK, if an athlete must train to star in a race, you must backtest and forwardtest indicators like a monster, VP WILL GIVE YOU WHAT TO LOOK FOR. As you progress little things he said that you did not understand at first will start to show themselves for the TRUE GOLD he is giving.

   Do you have any idea how hard it is to truly 'understand' and manipulate indicators? This skill is the gold man! its like getting a golden egg versus making them yourself, as many and as large as you want should you put in the time.

   IF YOU PUT IN THE WORK YOU WILL GET RESULTS. I AM GETTING RESULTS.

   Its like forex is a forest and i had a shitty knife. i know i would make it eventually but its demoralizing to think about. VP's videos are like getting my hand on a massive chainsaw and compass. CARVE YOUR OWN PATH.

   Long post, but THANK YOU for the $$$
   I am so damn glad i put aside my skepticism early, it definitely wasnt easy to go against the conventional wisdom

2. 🤍🖤🤍

3. i don't trade patterns…but have to admit that statisticaly wedges have a 67.5% success rate.made my selve a 4h study on silver during all 2022 and had a 80%win rate calculating 70%of head proyection as a target

4. Yes! Thanks for this presentation and effort. This has been right on time for me. Great work

5. I know one pattern which always work: There is a tight, flat trading range for over 20 bars or so….I almost fall asleep by watching it (how boring) and suddenly (mostly at night, I´m german) between 3:30 and 4:30 am, a huge, sometimes, really gigantic candle appears out of the blue and very suddenly and fast into one direction LOL. I observed this very often, it is because I´m working nightshift as a health carer and I can spend some time in front of my laptop.
   No one ever told about this "pattern", because it is none, but it works!!! LOL. "It works" isn`t meant too serious. Of course one can take advantage out of this big move, if one is sitting in front of the terminal right in this moment. But when the move is over one has to flee immediately, because after the huge candle the blood bath follows haha.
   So this is scalping on high risk of course and no recommendation.
   I agree to all you said here about patterns. That is why I´m sick of reading this Al Brooks books now. Sometimes the patterns work, often enough they don`t work. There are always two options: Market breaks out above, or below….WE all KNOW this. This is what we always know: Market can go up or down (or sideways). I don`t need a pattern for this info. This two (three) possibilities are always there, no need for a pattern to tell us.

6. We're all thankful to you VP. I've been watching and listening to you for months and will probably watch and listen for years. I'm curious, as many are I'm sure, why did you do this for us? I see you answer this in a future podcast I will listen to, but I think you want us all to learn how to trade so we can take down the banks. ??? We'll have our own institution called the NNFX. Or whatever cool name you have.

7. I've learned more listening to you "fart in a garbage can" than I have anywhere else. Keep up the good work

8. The Beast Is Here! 💪🏾

9. Speak for yourself pal, I ain't going on no shitty dates.

10. Thanks a lot sir for all the Golden information you put in this channel.

11. "Farting into a garbage can…"….WHAT!!???!? LOL!!!

12. I never understood why i got hooked on this channel but just realized, VP is the big brother who wants to help his siblings make better decisions and win instead of making pointless mistakes which waste time. The commanding and authoritative approach is definitely working for me….

13. Would be very good if these things were any real.

14. chart pattern isn't reliable at all in forex market but if use in binary option 1 minute expiry it works really well if you understand how price is moving

15. Well, rather dwelling in your garbage can breathing in your fart for a while but with a roadmap to success in my hands, than sitting with all the other 99 homeless on a shiny polished railway station marble floor; Just abolish garlic from your diet for some time – Cheers and forever grateful!!!

16. Excellent Excellent

17. thank you

18. I think money managment is key. R/R , i also have a strong belief that the fx market is pure psychology, as well as being connected, we humans love chart patterns because patterns are in everything, your fanbox, your tv, your house it's all square, I have a mentor that trades patterns based on supply and demand zones and by adding trendlines.

19. https://youtu.be/YwWPujRZwIw

    I believe this is part 2 of patterns vp reference in the subscription

20. what do you think of divergences?

21. I first wanted to state that I believe your sincerity and value your thoughts and work especially considering it is all for free. However just to reference your thoughts with a paid duomo initiative where the guy is a marketing genius is not quite fitting you. The guy says he makes hundred thousands of dollars within a day and here we are he is selling his trade secrets for only 850$. You should do your due dilegence when you reference someone with similar thoughts.

22. I trade candlestick patterns using a robot advisor and make money. So to say they are not systematic is naive.

23. The Duomo video on chart patterns sings the same tune as this channel. Found the study very interesting so dug a little deeper. Went through the short video series Duomo offers on Trading Forex..
    What's confusing is that Duomo contradicts itself. It trashes chart patterns but then teaches it's members support and resistance areas, tendlines and fibinacci retracements as part of it's strategy.
    So how does that work?

24. what about stock? would it work?

25. the whole video is worth it just to hear him say STFU at some random point during his explanation 😂😂😂

26. Even though I've traded patterns for a long time until finding your channel – I'm always reminded of a video Trader Dante made about how counter trading meme H&S patterns was one of his bread and butter money makers. Was a sobering moment since I then thought about all the times an H&S faked out the market. I will say that patterns are much more effective in stocks and especially crypto, but FS…. forget it. I learned quickly that patterns are absolutely useless in Forex very quickly. Trend lines also are shit for the most part. So many fake outs if you're trading them. If you have good money management, you can probably still do alright playing trend line breaks, but it isn't super effective. I've tried both ways for the last 7-8 months in FX. Hasn't been good. I'm now trying to put together some indicators via your system. I haven't backtested much yet, but just from the few I have combined that seem solid, they would've made a big difference in terms of losses.

27. Do tools and indicators in the dirty dozen work on stocks then? I've noticed they're more or less reliable when trading BTC-USD

28. This video should be gospel for new traders. Been through all this pattern crap and it only works when it works. Garbage!!

29. Great stuff. Now that you have abolished my trading plan, So what's the system you speak of?

30. 0:13 how did you find a picture of my girlfriend dude? The one on the right…

31. Let’s say chart patterns have a 50/50 probability or close if you just have a 1:1,5 RR or 1:2 RR Then you Will make money from Them yes?

32. I receive an email analysis based on chart patterns prior to the opening of the Tokyo, London and New York sessions from my broker. Upon reflecting, I have noticed that the predictions provided are incorrect over 75% of the time. Luckily, I have NEVER relied on these to inform my trading. After watching your video on Forex Chart Patterns, I will unsubscribe from this "free" service provided by IC Markets. By the way, have you covered or are you going to cover Harmonic Patterns. I have also had terrible results demo trading these and believe the success rate is less than that for chart patterns, even though I have been using The Harminic Indi which is pretty good at identifying these patterns.

33. Please VP can I get your email ID

34. "Evidenced Based Technical Analysis" is a great book that touches on a lot of these issues.

35. Bahaha ur intros 🤣

36. 11:27… Farting into a garbage can, again I'M DED! 😂 😂 🤣 👍

37. I KNEW this stuff shouldn't technically work in Forex. I just didn't fully understand why. Now, not only that but I have a vastly different perspective on the small stack of Forex trading books I may have wasted money on. That's why I am wondering about more of the contents of this rabbit hole, and man, you may have just saved me months of bulls*** trading practices. This is such an entertaining and rewarding channel. So many thanks

38. Hey, would you do a video on the crazier and more esoteric patterns? Like the bat pattern, butterfly pattern, gartley pattern, even the cool new cypher pattern? 😀

39. Whew. These are not the patterns I was looking for.
    Gave me a scare there, VP.

    Thanks

40. It's good I'm new to forex and didn't learn all those shitty patterns and japcandles. I started learning forex two weeks ago and I decided to do it in the NNF way. The next 6-12 months I'll dedicate myself to this. Hope I'm not mistaken. 🙂

41. You’ve saved me from 10 years of trying to learn these things. Bat pattern, wave, flag, wedgeee,, lines, and inverted body parts patterns. They are of the Devil. Thank you so much for the VP way! VP way of trading or bust!

42. Man, VP, you are getting some pretty good wraps! There are even some YouTube forex'ers, how do I put it nicely, mimicking you. Highest compliment apparently. I think the best thing you do is summed up here. Specious reasoning is rife in forex chart pattern interpretation. Ugh! If I just had a dollar every time candle patterns didn't work I wouldn't need to trade. I think the BB's mastered the manipulation of this notion a while ago. Where's the video on the "Suckers guide to chart patterns"?? Oh wait… they're everywhere. Keep it up bud!

43. tq brother, I lost a lot with these chart patterns.. haha, agreed with you

44. I learn something from each video.
    I was beginning to think Forex Trading was a sucker's game.
    Thank you.

45. Vice patriot has a ms. Vice Patriot. That's kickass. Lol.

46. I am Taking a Tech Analysis Certification Course for Stocks (wish there was one for Forex) and they Love their Chart Patterns, this is Really Gonna mess Up My Exam… lol… Just Kidding, Least Now I Know to Keep the Patterns where they Belong…. Thanks Again VP…

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