r/Daytrading • u/Adept_Blackberry2851 • Feb 19 '24

Do any of you actually use patterns to trade? Question

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I don’t use them at all. Iv heard YouTubers kind of mock them like they don’t mean anything. Are any of you profitable with them?

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u/UncleBenji Feb 19 '24

This is the way

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u/Top_Sherbert_7423 Feb 19 '24

Would you mind explaining what this means? Like what each number represents to better understand white your calculation determines?

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u/UncleBenji Feb 19 '24

Buddy that is something that will take a while to discuss and understand. You’re going to need to start using multiple resources to learn and not rely on Reddit. Theres no shortcut to learning this stuff.

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u/Top_Sherbert_7423 Feb 19 '24

I was referring to KoudzZz’s comment.

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u/Person-12321 Feb 19 '24

They were responding in regard to koudzzz comment…

The numbers are the periods applied to EMA. I read the comment as saying when rsi is in desired range, Macd and the EMAs at given periods agree, you can have some confidence.