Chart patterns to use just for daily trades

Beginner Questions
1

Hi

I am hoping someone may have gone through this before and has a quick answer for me here, I am studying chart patterns mainly reversal patterns , and I have also decided just to trade daily for now, in my strategy.

So question is, which reversal chart patterns are best to use in daily trades only ? Is there a clean and reliable answer here?

Thanks

Duncan

2

Quite simply. No.

However, there are some patterns that are considered to have more strength over others. Nevertheless, price itself will tell you in the end. There are no hard rules that the market follows.

I take candlestick patterns into consideration in my trading as it is a good way to see if a trend is running out of steam. However, I’ve seen enough candlestick patterns fail to know that there’s more to trading than just the pattern itself.

3

OK Thanks

Since I’m a newbie what would you combine with chart patterns , IE the best/good indicators, you would use? And could you recommend any free reading/tutorials on these indicators, so that I can get started

Thanks again

4

Unfortunately There is no quick fix for the novice trader and no subsitute for experience. However, i would suggest that the study of PA (price action ) be something you seriously considered