Forex Chart Patterns - So Pretty, But So Deceiving

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No Nonsense Forex

No Nonsense Forex

Күн бұрын

Пікірлер: 289
@simplelifetv788
@simplelifetv788 6 жыл бұрын
Good thing I was able to watch this vid before printing the candlestick cheat sheet and memorize it. Right timing! Thank you VP!
@raykschumann7935
@raykschumann7935 7 ай бұрын
Harmonic patterns are also a beautiful variation of this. I've never managed to get any kind of profitabel strategy with it, not even in the slightest
@joeljoung4885
@joeljoung4885 6 жыл бұрын
I was playing a chess game and then I saw the notification so I immediately stopped and jumped into this. Which is 100x more important
@DaveArrkain
@DaveArrkain 6 жыл бұрын
Pawn takes king!
@johnm2241
@johnm2241 6 жыл бұрын
I did multiple forex courses in the past which focused on chart pattens and never saw outcomes which reflected that trading them won a majority of the time. Some would win and some would lose. Basically giving the same odds as flipping a coin. Since listening to nonsenseforex I began back testing numerous indicators and as per VP's recommendations said goodbye to trendlines and chart patterns and focused on my system and now find more than 50% of trades are winning and because of VP's money management advice where you should take some profit off the table and let the rest run, my average profit is much higher than my average loss. VP has brought a breath of fresh air to the trading world. Love your work and always look forward to your next video. Like many we look forward to the next piece of the algorithm to be given.
@dannywhite9735
@dannywhite9735 5 жыл бұрын
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!
@MrTheHug
@MrTheHug 6 жыл бұрын
Love the way you sound really relaxed in this one. Great content again, thank you for what you're doing!
@dr.michaeleosso5399
@dr.michaeleosso5399 3 жыл бұрын
I've learned more listening to you "fart in a garbage can" than I have anywhere else. Keep up the good work
@patriciaono2859
@patriciaono2859 6 жыл бұрын
I’m glad that you said that is useless, to be honest I was never willing to memorize and drawing all those charts. It saves my time and I can focus on things that really matters. Thanks VP!!
@davidcalixb.artienda7210
@davidcalixb.artienda7210 6 жыл бұрын
You know what? The tip about the ‘Big Banks’ is so true. I have learned soo much from your channel. Keep them coming! 😉😘
@limeydan
@limeydan 6 жыл бұрын
It's not about superior video production it's about content and yours is spot on.
@dennisjasonbago3659
@dennisjasonbago3659 Жыл бұрын
I for one hate chart patterns. Really I do understand it was made by traders but not banks or the big players. Those patters occur mostly on lower timeframes because of so much volume at that specific point. I like your videos it helped my trading further.
@danstone3673
@danstone3673 6 жыл бұрын
Holy crap, I loved this video! I still have a laminated picture of chart patterns rolled up somewhere that I got from a guy as free download...just before he made his play to sell something. Damn if I didn't try to make this work but sadly, it only really worked in hindsight...like, "Wow! Lookit that awesome wedge/pennant/flag/ thingy...no wonder it broke up/down/went sideways! How could I have missed that. I guess being in the box as price unfolds makes it difficult to see the the shapes but even so, with the patterns of the bars, the bars themselves, and the various levels of every kind of S/R- there are just so many possible guesses. Yeah, I'm guilty of it all. Well, I gotta tell ya - I'm really starting to like making things easier for myself, like trend trading. No guessing. Let it come to you.
@tyronejohnson77
@tyronejohnson77 5 жыл бұрын
I love wedge patterns and triangles so much. They're so much fun to spot out & be right about. So I'm proud of myself for taking in this video's materials so objectively.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Hey, no doubt they're fun. I'm sure meth is a hoot too.
@tyronejohnson77
@tyronejohnson77 5 жыл бұрын
@@NoNonsenseForex Lmao
@davidclayton6791
@davidclayton6791 6 жыл бұрын
I think this is great, something else I can ignore along with trend lines, then I can concentrate on what does work, its all knowledge being given to us, what a great short cut and time saver, Bravo VP, great as usual, no BS, see ya next week, thanks
@JK-ii6gf
@JK-ii6gf 3 жыл бұрын
Yes! Thanks for this presentation and effort. This has been right on time for me. Great work
@harry_bonkers
@harry_bonkers 6 жыл бұрын
oh man, this really hits right in the feels... I remember when i first found out about harmonic chart patterns (bat, crab, butterfly, cypher and so on). It was the deepest rabbit hole i've even gone down to in my life. I sooooooo wanted it to be true and i kept at it, and i thought it was the secret to making it big in the trading world. Such a huge letdown and a huge time/money waster. Thankfully i realised it on my own a few years ago that none of that worked and dropped it altogether.
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
They sell those things to you so well too. All the nature hoo-doo of Fibs with the allure of Chart patterns.
@ryanmercer3135
@ryanmercer3135 6 жыл бұрын
Fuckn love this guy. Your videos are so on point. I've experienced this especially with triangle patterns. Keep them coming brother
@philiptaylor2567
@philiptaylor2567 6 жыл бұрын
The only thing that I would consider to some degree to be a chart pattern that works with some consistency are breakouts from ranges or consolidation periods. I think that’s relative to this because our systems (at least my rough algorithm anyway) does not work well in a range. From some of VPs comments in other videos, I think that’s a good thing. The algorithm is meant to work in trending markets. Either way, the system should get you in on that trend once it breaks out of the range. As a side note, it would be interesting to see a video from VP about how he identifies ranges, like if he uses any additional technical analysis to do so, and what he does with that info. Hint hint . . . VP?
@rickvandermeer6091
@rickvandermeer6091 6 жыл бұрын
Solid as always.. thx vp. I can back this story up because i thought the chartpattern like dubble bottom dubbel top with the famous rsi divergence was the way to go.. Well lets say i learned it the hard way.. Looking forward for more content VP. Have a nice day!
@Yvonne_Jentsch
@Yvonne_Jentsch 3 жыл бұрын
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.
@JasonLee-wd4hw
@JasonLee-wd4hw 6 жыл бұрын
I'm glad I'm new to forex, dirty dozen indicator do not bother me at all. After starting following your channel I have put into my own system for trading thus far, its really showing a lot of positive result. Thank you so much VP. You make me feel in love deeply with forex all over again.
@firewight1944
@firewight1944 6 жыл бұрын
awesome! was starting to think it wasnt coming this week mate!
@red8ght734
@red8ght734 6 жыл бұрын
hey VP your No Nonsense Forex is starting to take shape :)
@fractalnature9412
@fractalnature9412 6 жыл бұрын
If you have any knowledge on market structure and have done your homework on when and where these patterns will likely occur, these patterns are extremely powerfull. Saying patterns are garbage tells me you dont have done any homework on this subject, for example just GBPNZD from end november until end december, i can point out multiple patterns if taken all would given you more then 1000 pips. Ofcourse there are lots of false patterns but if every pattern worked it would be to easy.
@holmes3730
@holmes3730 6 жыл бұрын
I still think its better learn everything including chart patterns. Good indicators work most of the time, but certainly not all of the time. Similarly, most chart patterns may not work, or may not work all the time, but that doesn't mean they never work. It doesn't hurt to have extra knowledge. We should know about good indicators, candle patterns, chart patterns, also news (yes i know), to increase the odds of winning. What important is to use these with caution. Keep the ears open. But your advice is certainly valuable and worth thinking about, VP. thumps up.
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
Yeah, I tell people to learn it all first. Then sort it out.
@holmes3730
@holmes3730 6 жыл бұрын
@@NoNonsenseForex that's the way.
@john36138
@john36138 5 жыл бұрын
Damn right that's the best way to go! Forex is a job, people tend to go into forex for the fast money and lose all of them. Like any job you need to study. This is why I always say I'm always a student, always read different books and better my trading. I'm not consistantly profitable yet, but I know I ll get there.
@boo_zey
@boo_zey 3 жыл бұрын
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.
@FabioErrante
@FabioErrante 6 жыл бұрын
Actually I'm a longtime subscriber of the Duomo Initiative and I've found good value there, although I missed the video about the chart patterns. Thanks VP for pointing it out here!
@Dailybread-z2m
@Dailybread-z2m 6 жыл бұрын
I'm a newbie forex trader and there aren't any known mentors in my country (Zambia) so glad I saw this video before I attended a forex workshop yesterday where a visiting 'multi millionaire mentor' gave a whole presentation on chart patterns perfectly working (in hindsight of course) trying to sell his perfect online forex course/signals. If I wasn't already #teamnononsenseforex I probably would have paid for that stupid course. THANKS VP! I've literally been learning from you these past few months, following the layout in your Beginners video, all caught up now, testing indicators and working on my algorithm, speaking of, weren't we supposed to reveal another piece of the algorithm this Thursday? Did I miss it? All I have is ATR, confirmation, volume and exit indicators. Just wanna make sure I'm on track here :) ... Thanks again.
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
This coming Thursday
@stilesmwewa4648
@stilesmwewa4648 6 жыл бұрын
Your Country mate n the house; you can also check babypips.com one of the best website to learn forex; not forgetting this channel👊
@scotttaylor2860
@scotttaylor2860 5 жыл бұрын
"Evidenced Based Technical Analysis" is a great book that touches on a lot of these issues.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Nice recommendation, I just bought it!
@gregonyesoh8905
@gregonyesoh8905 5 жыл бұрын
Please could you forward to my mail...Greg.onyesoh@outlook.com
@BigMrToe
@BigMrToe 6 жыл бұрын
You gave it all away in the MA of Indicators video. This is to good to be true. Once I figured out how to attach MAs to other indicators, thing got real interesting. Since then I have literally spent hours testing different indicator combinations on multiple different pairs. This is to good to be true. I think I might have completed my first algorithm. Of course I will be tweaking it to perfection as I go here. But it’s a solid start. I don’t want to say what I have done yet, because I want to test it live first. Demo trading is not the same as live trading. I will be trading live with this starting the up coming trading week. Thanks again VP. I feel like I owe you dinner or something. Your awesome.
@augr9095
@augr9095 4 жыл бұрын
How’d that work out for you
@raymondmabhens3038
@raymondmabhens3038 17 күн бұрын
Thanks very much for your input God bless you wonderful teaching
@confluencechris
@confluencechris 6 жыл бұрын
VP... the shock value in your raw honesty gives me hope. Thank you for being the light at the end of the dark tunnel! If Forex was a country I'd vote for you to be President! Well done (as usual), keep keeping it real man! -Thanks, Chris
@medvedic7374
@medvedic7374 6 жыл бұрын
This guy offers you to spend half of your life to learning what should you not do in market and after hunderts of lessions you will still not know exacrly what you should do to be sucessful. No, he is not mercyfull Samarithian willing to help as yo migth think.
@Aiva33aiva
@Aiva33aiva 6 жыл бұрын
@@medvedic7374 Yes, id rather learn for half of my life on what mistakes not to do than finding them out myself by throwing money into it and just being stubborn on one way to trade. This "guy" shows you different aspects towards trading and doesn't just give a bias view, he explains everything. Ofcourse you can never tell what a person's intention is, but i, and most of his subscribers, have faith in him. Just because he's doing it for free doesn't mean shit:)
@LifeCycleUA
@LifeCycleUA 5 жыл бұрын
How much money and time you lost so far?
@philbuck4038
@philbuck4038 6 жыл бұрын
Cheers VP. Once again, you have nailed it!
@harrue
@harrue 4 жыл бұрын
what do you think of divergences?
@Henry1965ism
@Henry1965ism 6 жыл бұрын
I just very recently watched a video regarding chart patterns and in particular the bull flag pattern. It said that what is commonly referred to as a chart pattern is merely a consolidation in price. In the bull flag example price shoots upwards (the pole) then price consolidates ( the flag) and then breaks out of that consolidation and continues upwards. Regardless of what the pattern is or what it is called they are really just price consolidations in one form or another which I think is a good way to view them.
@weaselmcweaselson1543
@weaselmcweaselson1543 6 жыл бұрын
ive said it before in another video, but as soon as you recommended ditching trend lines i did. i was sold immediately
@nathanmstroud
@nathanmstroud 5 жыл бұрын
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
@sulibro7863
@sulibro7863 6 жыл бұрын
Where do I go to talk to other people with there systems is there a discord or something
@venomq2409
@venomq2409 5 жыл бұрын
Man, VP, you are getting some pretty good wraps! There are even some KZbin 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!
@JayBigDadyCy
@JayBigDadyCy 4 жыл бұрын
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.
@primoamoroso2814
@primoamoroso2814 6 жыл бұрын
Richdad lead me to you. I have read all of his books specially the richdad's guide to investing. The book told me to find you. and in this age the bible said it right seek and you will find and I wanted to study technical trading then boom there you are perfect timing. You are really a gift to educate us. Thank you. Everything is making sense thanks to guys like you brings us light. I'm a new trader btw. I started trading 3 months ago
@moses_njoku
@moses_njoku 5 жыл бұрын
PriMariaTV richdad recommended vp? Wowzers
@sulibro7863
@sulibro7863 6 жыл бұрын
Check out trading view for backtesting in the uk it has a rewind feature which makes backtesting much less bias
@jaikishen8836
@jaikishen8836 6 жыл бұрын
I agree. VP I don't think you have talked about why you use bar chart instead of candlestick is it just a visual preference or is there long answer behind it?
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
No real reason. There's no difference. I've started to use candlestick charts more on the channel because people say they can see them better.
@AM-rt5op
@AM-rt5op 6 жыл бұрын
I think VP resonates with some us so well because we’re not lazy we just needed guidance. I found no nonsense forex at the perfect time because only after hours, days, weeks and months of studying the crap they cram down a noobs throat could I truly appreciate the gems dropped on this channel. I’m enjoying the treasure hunt, keep up the good work ! Btw little tip for the supporters; read the blog as well as watch the videos as a way of reinforcing the info and join the mailing list on the website it’s got a secret prize video.
@erich-heinbotha2488
@erich-heinbotha2488 5 жыл бұрын
So I recently cause chaos in a telegram chat group that scam people and people started leaving in big numbers. Did I do good?
@petereastman2663
@petereastman2663 5 жыл бұрын
I learn something from each video. I was beginning to think Forex Trading was a sucker's game. Thank you.
@vvhiratsuka
@vvhiratsuka 6 жыл бұрын
when when you said shut the f****** I triple subscribed on the spot
@zac-mini
@zac-mini 5 жыл бұрын
That Duomo video is how I found No Nonsense Forex! (off of a recommended video tile) Now the circle is complete.
@Aiva33aiva
@Aiva33aiva 6 жыл бұрын
Still here VP, still here:) thank you so much!!!
@primoamoroso2814
@primoamoroso2814 6 жыл бұрын
VP, What do you think about tradenet? Is it worth it? Thank you for response. I see these ads alot of time on your videos might as well ask you about this. Because you are my only teacher that I trust 100%
@amaze2n
@amaze2n 6 жыл бұрын
The Fed did an extensive study on these and concluded they are no better than a random strategy. Just like you said, might as well flip a coin. But of course market maker brokers would love for you to use them. The Duomo initiative did an excellent video on why chart patterns are bullshit with a lot more information than this one. Pretty sure VP wouldn't endorse many of their other videos, but that one I can strongly recommend. Edit: maybe I should finish watching the video before commenting lol. Got it spot on though.
@LifeCycleUA
@LifeCycleUA 5 жыл бұрын
Patterns work if they have fundamentals in them and market structure with volume.
@dznArro
@dznArro 6 жыл бұрын
as a trader that’s been in this for only a month. i’m truly glad somebody referenced me to VP on reddit and glad i didnt soil myself by believing the crap the other people do. still in demo but the future is looking bright
@juvelova3919
@juvelova3919 6 жыл бұрын
Thanks VP, can't wait for the revelation next week.
@shivanggangwar2600
@shivanggangwar2600 4 жыл бұрын
Thanks a lot sir for all the Golden information you put in this channel.
@froboy12342
@froboy12342 6 жыл бұрын
what type of winrate & R/R do professional forex traders typically produce?
@tjunior6128
@tjunior6128 6 жыл бұрын
I tried like hell to resist VP’s method but no matter what other strategies I test out, nothing gives me the consistently profitable results like trading on the day chart. I’ve tried absolutely every single one of those chart patterns on every time frame for nearly every currency pair and metals but they flat out don’t work consistently. My algorithm of indicators have proven to be damn near undefeated. Even my losses aren’t catastrophic. I’m almost tempted to do live trading, however I’m patiently and diligently honing my craft.
@riifill
@riifill 6 жыл бұрын
I've been waiting for this video
@nunosoares1225
@nunosoares1225 6 жыл бұрын
Never tried chart patterns👍🏻 Once more VP👍🏻💪🏼👌🏻
@shawnclark732
@shawnclark732 Жыл бұрын
You can’t just use patterns. You have to watch the real time behavior that comes with them at certain points. But you are right about how hard it is to see them fail in hindsight. You have to watch charts form in real time to get any feel for them.
@NoNonsenseForex
@NoNonsenseForex Жыл бұрын
They're not awful, there are just so many better ways to predict price.
@coloaten6682
@coloaten6682 6 жыл бұрын
It's Thursday!!! Thanks VP, interesting video :)
@rudyrudy5384
@rudyrudy5384 4 жыл бұрын
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.
@yoloman96
@yoloman96 6 жыл бұрын
VP I’m confused would these chart patterns and other dirty dozen work in the stock market? Or are you saying they ONLY don’t work on forex market??
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
This is a Forex trading channel. I'm not a stocks guy, cannot comment.
@LifeCycleUA
@LifeCycleUA 5 жыл бұрын
Chart patterns work. Study he is talking about didn't take volume fundamentals or market conditions in consideration. You won't make any money if you trade every pattern that you see. You have to understand are there more reasons for pattern to work then just candle formation.
@bielakoinyan22
@bielakoinyan22 6 жыл бұрын
You make sense every time can’t wait for the 28th
@anabatta7019
@anabatta7019 6 жыл бұрын
even before i found ur channel (which is by far the best forex trading way) through almost 10 years of trading the biggest and worst loses were when i do batterns,, simple or cypher, its all crab and fails like 90% of the times. however i think if a trader can find a way to use them to avoid bad trades (maybe like we use calendar to NOT trade when there is a news effects the market unpredictably.. would that be a bad thing? or total waste of time? always thanx for u VP,, great video .. cant wait for 28th's video :)
@vincentbahr1565
@vincentbahr1565 6 жыл бұрын
I have put together 3 indicators (ATR, confirmation and volume) on the EUR USD pair. In the end I got a win rate of 80%. My problem is that they do not work on other currency pairs with the same settings. Does anyone has the same problem or any tips?
@Pakalo97
@Pakalo97 6 жыл бұрын
try adx
@LifeCycleUA
@LifeCycleUA 5 жыл бұрын
Each currency pair has different players in it who trade different fundamentals interest rates gdp trade flow between countries. So if something works on one currency pair it won't work on other one.
@joeljoung4885
@joeljoung4885 6 жыл бұрын
Well to be honest I’ve used chart patterns and had good results with them. It’s gonna be really hard for me to stop using them now but I’ll try my best.
@traderdale1008
@traderdale1008 6 жыл бұрын
Never allow someone's opinion become your reality, I see no reason for you to stop using patterns if they work for you
@EmilKoplimae
@EmilKoplimae 6 жыл бұрын
if it works for you, why stop? there is no one way to trade, there are multiple ways. its all a combination of risk and money managment and finding a good entry and exit combination. im a price action trader and i disagree with alot of what VP has to say, but i want to broaden my perspective about this topic and VP does a good job of explaining his viewpoints. dont use chart patterns either...
@enikfekr
@enikfekr 6 жыл бұрын
Great video as ever, thanks VP, you’re an iconoclast and God-sent truth angel for the 99% ! You are refreshingly honest But not honest enough Sorry to say!😔 I wish you’d come out and said the ultimate truth that there is no way one would make money trading but the chance and pure luck which is not sustainable!!! You keep talking about a “system” which doesn’t exist!!
@MuhammadAshraf-dd7tu
@MuhammadAshraf-dd7tu 6 жыл бұрын
VP brother you are the great person in trading ,your tip is the very powerful for me thanks GOD bless you
@dnsh5174
@dnsh5174 6 жыл бұрын
you just right. Keep it up VP!
@jasonrajotte5172
@jasonrajotte5172 5 жыл бұрын
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...
@rkatz0
@rkatz0 6 жыл бұрын
I simply distrust EVERYONE that speaks of chart patterns (yes, including you, Mr VP). Including all the books and studies and my friend who has written his own book and has been trading them for over 20 years. When it comes to chart patterns, and how they fail, it is up to and between Mr Market and myself. Thanks!
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
We're not going to agree on everything.
@rkatz0
@rkatz0 6 жыл бұрын
@@NoNonsenseForex -- haha, we could be in COMPLETE disagreement, plus proper Risk Management, and both could be nicely profitable! ;)
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
Got that right!
@JamesAmbrose48
@JamesAmbrose48 6 жыл бұрын
I strongly disagree with you about 75% of the time. Why do I keep listening? Because you’re smarter than me. It’s like Rich Dad Poor Dad says, hire people who are smarter than you.
@humbulanimurabi7585
@humbulanimurabi7585 6 жыл бұрын
Notification gang... S. A Already here.. Let's get inspired, then go get it.
@amazingman9175
@amazingman9175 6 жыл бұрын
I think the big guys with the big "smart money" know that we are all trained in the same way, so they treat us like a casino, let us win a little to stay hooked then rip us apart and do the exact opposite of the pattern most of the time so that they stay ahead.
@jayceb3284
@jayceb3284 6 жыл бұрын
I rarely use indicators but what's your insight on price and RSI making higher lows on the daily chart?
@mehdimirzaei3112
@mehdimirzaei3112 5 жыл бұрын
Its completely make sense, thanks VP 🙏🙏🙏
@gregonyesoh8905
@gregonyesoh8905 5 жыл бұрын
Please can I get your email...please @VP
@lew9572
@lew9572 5 жыл бұрын
@@gregonyesoh8905 If he was going to give it to you he would have done so the first time you asked. Stop being a P-I-A and annoying him and other members of the community.
@comfortmutale
@comfortmutale 6 жыл бұрын
Took you long enough lol. Can't wait to watch this one. I've been waiting since i got up at 6 and this is 11:33 CAT lol
@auxripper
@auxripper 5 жыл бұрын
11:27... Farting into a garbage can, again I'M DED! 😂 😂 🤣 👍
@kellydude
@kellydude 6 жыл бұрын
VP I GREATLY APPRECIATE, thank you.👍🏾
@zoltansomlyai8771
@zoltansomlyai8771 5 жыл бұрын
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. :)
@nathanmstroud
@nathanmstroud 5 жыл бұрын
Whew. These are not the patterns I was looking for. Gave me a scare there, VP. Thanks
@lucapuzzoli8363
@lucapuzzoli8363 6 жыл бұрын
Do we see lots of False breakout on chart patterns ? I think so
@ajackstrades8513
@ajackstrades8513 6 жыл бұрын
This is probably the first time I’ve seen VP mis-state facts. There’s a guy online, won’t say his name but but I’m sure you know, he dedicated his life to getting PURE stats on patterns and candlestick formations and what he found was there were like 4-6 that work TIME AND TIME AGAIN. But then again, VP did say MOST people don’t do well with this, not it’s a fraud and a lie, I respect that. In the end still big fan! Whoop whoop!
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
Follow my advice or his, makes no difference. As long as you're winning.
@johntucker1992
@johntucker1992 4 жыл бұрын
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
@basementrocker2764
@basementrocker2764 6 жыл бұрын
This is exactly why i stay out of trading/forex forums. Everyone and their uncle is «seeing» a pattern forming.
@BAY024
@BAY024 6 жыл бұрын
Hahahahaha... Very true
@ecc332
@ecc332 6 жыл бұрын
I can easily relate... Losses upon losses
@ecc332
@ecc332 6 жыл бұрын
Especially that wicked wedge that wedged my account
@deta_detach
@deta_detach 4 жыл бұрын
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
@bradleyt
@bradleyt 6 жыл бұрын
Thanks VP!! 🏆🏆🥇🥇
@quantalor7157
@quantalor7157 6 жыл бұрын
New trends are forming that we have to adapt to , it’s just that simple.
@socialmediaforbusiness7104
@socialmediaforbusiness7104 4 жыл бұрын
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?
@NoNonsenseForex
@NoNonsenseForex 4 жыл бұрын
You gotta remember, almost every other channel out there is still stuck in the 1970s when it comes to TA, even if they see the light on a few of the crappier tools.
@investerstallone
@investerstallone 6 жыл бұрын
50-50 is good win % if you use money management... 1:2 Risk to reward 😉
@andrewmorris9499
@andrewmorris9499 6 жыл бұрын
So pretty, after the fact. It's easy to curve fit your chart analysis by saying, "I would of gotten in there" when looking at historical, static charts. When you are playing with real money, in real time, not so easy.
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
Yep, same mistake people make when they backtest too. "I would have gotten there, so I'll just count that as a win".
@brandonmorgan7412
@brandonmorgan7412 6 жыл бұрын
you said the patterns hit 50/50, wouldnt a 2:1 or 3:1 rr be profitable ?
@ajackstrades8513
@ajackstrades8513 6 жыл бұрын
brandon morgan my point exactly
@vtotti2
@vtotti2 5 жыл бұрын
no, it would lead to 66/33, you will have two lost trades for every won trade for 2:1 and 75/33 (3 lost for every won) for 3:1, otherwise everyone would trade flipping a coin just going with a 100:1 RR :) :)
@rahulchahal5360
@rahulchahal5360 6 жыл бұрын
“Prices don’t move in these fun little shapes” 😂😂. Best I have seen trend lines is Duomo Initiative - type 1, type 2, type 3. I knew then that folks just make stuff up. But then I saw their video that these patterns don’t work. I don’t follow them anymore. VP you are to blame for us not following so many of these folks
@willemjanse1254
@willemjanse1254 6 жыл бұрын
Tks, bud......Regards to you and your followers...!!
@nathanmstroud
@nathanmstroud 5 жыл бұрын
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? :D
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Already did, it was a podcast episode tho.
@Troy_34
@Troy_34 6 жыл бұрын
Well then these "fart in a can" videos are the bomb lol helped me tremendously! Couldnt ask for a better educational system!
@franciscojunior6841
@franciscojunior6841 6 жыл бұрын
I was about to ask about harmonic patterns, but since they came from Fibonacci, I'm not gonna ask.
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
They're based on reversals too, so....
@God__Is__True__4__Us
@God__Is__True__4__Us 4 жыл бұрын
The Beast Is Here! 💪🏾
@suntaxmulti-servicesinc.6668
@suntaxmulti-servicesinc.6668 6 жыл бұрын
A VP video that lasted 25 days...I'd watch it lol
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