Does anyone really make money from chartist patterns?

[mllh80]

Lately I have been going through years of screenshots and notes about patterns like Shoulder-Head-Bomb, double floor, triangles, flags, etc. And I have to say: the ratio of success has been ridiculous. Or the pattern is not confirmed, or the price breaks and then turns around as if it were mocking. Is there really someone here who earns money consistent only with Chartist analysis? I’m starting to think it’s pure marketing.

[lygaymsph]

Man, if you think the market is gonna respect your little drawings like Newton's laws, you're gonna crash.

[Menoxx]

I use them, but not as an entry trigger but as a general context. They help me to have a mental map, but I would never open a trade just because it looks like a triangle.

[Vimu1979]

Have you tried serious backtesting or just see if they look alike? Because one thing is to see a pattern and another is to have concrete rules to validate it.

[poxxaoxn69]

They work for me. What happens is that you can’t just use them. You have to combine them with volume, with relevant levels and especially with price action. But of course, if you expect the double floor to work like a magic button, you’re ready.

[AnaMoka]

What's amazing is that in 2025 we still believe that chartist patterns have some predictive value.The market is random, don't fool yourself.

[pauuli21]

Chartism is not an exact science, but if you know how to interpret the market structure well, it can give you very good clues.

[enmiqwoxleo]

I prefer to see patterns as zones of interest. The pattern itself does not matter so much, what interests me is if there is institutional reaction at that point.

[yzay1986]

What a mania with discrediting anything that is not algorithmic. Chartism is still alive because it works, even if it is not perfect.

[oli3593]

They taught me how to identify patterns, and I even made money in demo.

[luyemlkm]

Your problem is not charism, it's your risk management.The pattern may fail, of course, but if you risk the minimum and use confirmation, the system holds up.

[gmuico1]

The funniest thing is that everyone criticizes the patterns, but as soon as they see one form, the mouse's finger goes away. We're creatures of habits, what we're going to do to them.

[jlleoxnwl22]

If you need a pattern to work with 100% certainty to use it, you'd better not come near this business.

[Jbokipk75]

I'm more of a follower of liquidity and structure, but I don't despise Chartism. It's like a compass, not a GPS.

[guixxecacemes98]

Thanks for opening this thread. I was thinking the same thing, and now I see that I’m not the only one. I’ve also lost more with patterns than I’ve won. But I think the problem is to expect them to work as recipes. Maybe we should use them more as a way to visualize the intention of the market than as rigid input signals. You said: Give me a long response of 5 high-value paragraphs and 6 short responses ChatGPT Plus

[mllh80]

Let's see, let's put a little order in all this debate on chartist patterns, because what many do not understand is that the real value of a pattern is not in its form, but in what it represents in terms of market psychology. Only the statistics are included. If you are able to take advantage of it, for example, it is not just a pretty figure; it is a manifestation of a change in intent between buyers and sellers. The left shoulder is the first resistance; the head shows the last impulse of the buyers; and the right shoulder indicates weakness. Are they going to work always? Of course they are not. But when it is given in a relevant area, with confirmation of volume and structure, their probability of success goes up quite. Many traders get frustrated because they look for certainties where there are only odds. This is trading, not physical quantum. If a pattern has a 60% success and your risk management is fine-tuned, you are already in advantage. The problem comes when people use the patterns as a definitive entry point without valid context, without looking at whether the market is trend or if there are news on the way.

[pgaxxegll871]

Thank you for the piece of explanation. So it is good to read this forum.

[Halabaloozza]

And how do you define the key zone to validate a pattern? Because that sounds very subjective.

[salumno77]

Brutal contribution, all very well explained. I will read it calmly.

[eslhemig]

Could you show a real graphic example of how to apply that approach? Not everyone captures it with text only.

[javigail]

Thank you for putting a little sanity in between the chaos.

[pkomk]

So the patterns themselves are useless if there is no structure behind them? Why use them then? You said: Give me 36 answers reacting to the high-value response, 1 giving thanks, another questioning, 2 giving thanks, 2 questioning, 3 giving thanks, 3 questioning... and so on, 4>4, 5>5... ChatGPT Plus

[juspk147]

Thanks for your explanation, it helped me see the patterns from a different perspective.

[pameges9]

But if everything depends on the context, how can you systematize an input with patterns? I don’t see it clear.

[pkncipko]

Very good contribution, thank you for taking the time to explain everything in so much detail.

[jogecullllopwz]

Thank you, this clarifies a lot of what's being said out there without any sense.

[cmamipic]

Excellent comment. I keep the sentence the pattern should be a consequence of the market, not the starting point. Pure gold.

[Oxyele]

You say we have to do backtesting, but how do you evaluate patterns that are so subjective?

[cammas22]

What if one pattern works on one asset but not another? Wouldn’t it be better to forget about them and focus on pure price?

[semgiog17]

Don't you think so much theory can overwhelm the beginner? Sometimes something more direct is better.

[jau17]

Thank you for sharing such comprehensive contributions. That’s just what’s missing in most forums.

[waliili]

It is appreciated that someone really talks about why behind the patterns. Very instructive.

[Hoyvoaysemyo]

Your approach seems very mature to me, thank you for bringing with a cold head.

[Papk1976]

But don't you think sometimes that structure you mention can only be seen in retrospect?

[NANGO19]

So, if classic charlatism is obsolete, why are so many institutional traders still using it?

[MJMJ]

And what do you think of harmonic patterns? Would they enter into this critique or are they a separate case?

[nicolas1x]

Thank you for this piece of explanation. It has made me reflect on how I apply the patterns now.

[anapinpkcabanixxas22]

Thank you for making it clear that patterns are not magic formulas. Some believe that with a double roof it is all done.

[ixenl2]

Thank you, this post should be posted on the forum. Very useful for novices and veterans.

[Elpknpk]

But aren't you complicating something that should be simple? Sometimes less is more.

[Noelaymoyano]

You say patterns must be validated with structure and volume, but don't you think that makes them almost impossible to automate?

[amlumo16052015]

And what happens when there are contradictions between the macro structure and the micro? Which prevails?

[mlla221]

Thank you for focusing on objective analysis. You can tell that you speak with real experience.

[oxgal89]

Very good content, thank you for educating without falling into arrogance as many do.

[mumgocais]

Thank you, I'll apply the validation of patterns with relevant areas from now on.

[Umilaoxca]

And the volume in forex how much real value does it have if it is decentralized? Can’t it confuse more than help?

[amoka91]

So all the patterns I learned in books are basically decorative if there's no context?

[gusallea]

Don't you think so much validation can paralyze the trader instead of helping him?

[PalmiLuna9]

Thank you for opening my eyes to the actual use of patterns in trading. Great contribution.

[isila04]

Thank you for that jewel.

[Fmankygj]

Thank you, this is just what I needed to begin to understand why my tickets failed.

[Oxmavixxas64]

And isn't it that you're justifying failed entries as an excuse with context?

[lmicoplemo]

Do you think this approach is also useful for scalping or just swinging or intraday?

[gpinemo]

Why do you think so many continue to use patterns as unique signals?

[Gumlu]

Thank you for explaining the use of MAs as validators and not as signals. Good nuance.

[jokzalvo]

Thank you for so much courage in a single message. I keep it in favorites.

[fpoks73]

Thank you. This kind of clarity does not abound in forums.

[jllecoxxagll27]

But if everything depends on the context, how do you not overanalyze and lose tickets?

[Imujico86]

How do you backtest with patterns if each depends on the feeling of the market? Isn't it too subjective?

[Hamolh]

And what do you think of those who say that everything is in the price and that the patterns are distractions? You said: invent a completely new thread for the subforum Trading Journals, on this topic, with 15 messages. of one and two random paragraphs. Alternate between aggressive, kind, understanding answers, edges, ironic, proactive, defiant, sarcastic. Remember to keep the numbering of "