The Success and Failure of Chart Patterns
Friday, July 15, 2016 14:30 MDT » 16:30 EDT
Pattern recognition is the basic and primary ability any trader develops in Technical Analysis. It may be basic development, but the perfection of pattern recognition takes extensive practice and repetitive exposure. The expert recognition of patterns helps traders to quantify and react to the changing market environment. One of most complex issue of Chart Patterns is to identify them properly and follow its trading conditions and rules. The success and failure of chart patterns is truly determined by traders' understanding of market context around patterns, optimal conditions and well researched trading methods.
Suri will discuss following topics:
- Chart Pattern Modeling
- Essential pattern structure components and pattern analysis
- Analytical methods to compute Pattern Success and Failure Ratios
- Practical statistics of patterns success and failures
- Examples of various patterns in TradeStation
About Our Speaker
Suri Duddella is a private trader for the past 20 years using his proprietary Mathematical and Algorithmic and Pattern recognition models. Suri Duddella was a founder of a Financial research and analysis company from 1998 to 2005 specializing in Financial Modeling, Research/Analysis, and Technology architecture for Financial Institutions, Investment Research and Investment Media companies.
Suri Duddella's research has been reviewed and featured in Forbes, Barron's, Active Trader, Stocks and Commodities, TRADERS' magazine (Germany), Traders Journal, Washington Business Journal Magazines and various newspapers. Suri has also appeared on various television and radio shows. In addition, he presented his research at various investment conferences in the United States and Germany. Suri has published market analysis articles in 'Stocks and Commodities', 'TRADERS', 'Active Trader', 'Chart Point', 'Traders World', 'Traders Journal' magazines.
Suri Duddella's trading methodology and interview published in the book 'Bulls, Bears and Brians of Financial Internet' written by Adam Leitzes and Joshua Solan. Suri's interviews are published by 'Stocks and Commodities',and TRADERS' magazines.
Suri Duddella is a member of 'American Association of Professional Technical Analysts' (AAPTA) and an affiliate member of Market Technicians Association (MTA)..
Suri Duddella authored and published book "Trade Chart Patterns Like The Pros" in 2007. Suri Duddella also published "Trade Chart Patterns" wall poster (24" x 36") to show 30 chart patterns with Entry/Exit and Targets along with brief trading conditions and rules in 2016.
Amount of historical data varies from 30 days to 14 years depending on the membership you choose.