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BEYOND PATTERNS & INDICATORS: Why Do Your Carefully Chosen Patterns and Indicators Fail, and How To Correct Them
Many of my trader friends keep asking me about the increasing failure rates of the patterns they use. No matter what pattern they trade, be it Bullish Engulfing, Rising or Descending Wedge, Trendline breakout, Flag pattern, etc, they lose money. They have tried multiple indicators too, such as RSI, MACD, CCI, OBV, and ADX but without the desired success.
Patterns and Indicators are one part of the trading puzzle. There is a lot more to trading than simply mugging up and applying patterns.This book is divided into 2 main parts which are as below..
Part 1. : Why your patterns and indicators fail and how to correct them and trade them the right way.
Part 2: How you can trade successfully without any famous pattern or indicator.
If you are the type of trader who loves Patterns and Indicators, then Part 1 is where you should focus more on. Chapter 2 and Chapter 3 will show you exactly what mistakes you are making while trading with your favorite patterns and indicators. Chapter 4 will show you how you can correct those mistakes, and trade your patterns with precision and a much higher success rate.
Part 2 is about how I trade. There you will learn that you can succeed in the markets even without using famous patterns and indicators. We will learn how old methods are still the best methods to become successful in the markets. The results will amaze you.
We will then see multiple examples and use practice charts to ingrain the method in your brain. Then we will have a detailed discussion about those practice charts as well.
In the end, even if you choose to stick with your patterns, you will discover the best way to use them. Most importantly, you will also discover that you can think " Beyond Pattern & Indicators" and trade successfully without using any of them.
Patterns and Indicators are one part of the trading puzzle. There is a lot more to trading than simply mugging up and applying patterns.This book is divided into 2 main parts which are as below..
Part 1. : Why your patterns and indicators fail and how to correct them and trade them the right way.
Part 2: How you can trade successfully without any famous pattern or indicator.
If you are the type of trader who loves Patterns and Indicators, then Part 1 is where you should focus more on. Chapter 2 and Chapter 3 will show you exactly what mistakes you are making while trading with your favorite patterns and indicators. Chapter 4 will show you how you can correct those mistakes, and trade your patterns with precision and a much higher success rate.
Part 2 is about how I trade. There you will learn that you can succeed in the markets even without using famous patterns and indicators. We will learn how old methods are still the best methods to become successful in the markets. The results will amaze you.
We will then see multiple examples and use practice charts to ingrain the method in your brain. Then we will have a detailed discussion about those practice charts as well.
In the end, even if you choose to stick with your patterns, you will discover the best way to use them. Most importantly, you will also discover that you can think " Beyond Pattern & Indicators" and trade successfully without using any of them.
68 pages, Kindle Edition
Published December 25, 2023
99 people are currently reading
36 people want to read
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Displaying 1 - 7 of 7 reviews
July 18, 2025
1 page is enough
Very Basic but the problem is most of the contents are similar to his other books 😮💨
For long,
1. Scan for 52 week high breakout stocks
2. It should be in the bull zone (price above 20,50 and 200 EMA and 20 > 50 > 200 EMA)
3. Breakout and close above multi-point resistance (stock falls multiple times from the same area)
- MORE THE NUMBER OF THE SAME LEVEL RESISTANCE POINTS, STRONGER WILL BE THE RESULTANT BREAKOUT
4. Volume on the breakout day must be at least twice the average volume of the stock before the breakout
Entry - Didn't mention 😮💨. Just said "Buy either at the end of the breakout day (how is that even possible 🤷 or the next day morning, if we miss it on the breakout day"
Stop loss - one point below the low of the Breakout Day’s candle
Trailing SL - below low of each higher candle
Doubt: for trailing SL, author said "...get out as soon as the price breaches the low of the previous day's candle". Is it right or he meant previous higher low breach?
Warning candle exit - large red candle, red or green candle with large upper wick, doji at the top
Fix percentage exit - initial stop loss of 10% And Good Till Cancelled ( GTC ) order 15 to 20% above their purchase price.
Always in profit exit - 50% exit at 10%, raise SL to your purchase price on the remaining 50% and exit at 60-70% gain in a short-term trade or exit at 50% gain in a long term trade
Very Basic but the problem is most of the contents are similar to his other books 😮💨
For long,
1. Scan for 52 week high breakout stocks
2. It should be in the bull zone (price above 20,50 and 200 EMA and 20 > 50 > 200 EMA)
3. Breakout and close above multi-point resistance (stock falls multiple times from the same area)
- MORE THE NUMBER OF THE SAME LEVEL RESISTANCE POINTS, STRONGER WILL BE THE RESULTANT BREAKOUT
4. Volume on the breakout day must be at least twice the average volume of the stock before the breakout
Entry - Didn't mention 😮💨. Just said "Buy either at the end of the breakout day (how is that even possible 🤷 or the next day morning, if we miss it on the breakout day"
Stop loss - one point below the low of the Breakout Day’s candle
Trailing SL - below low of each higher candle
Doubt: for trailing SL, author said "...get out as soon as the price breaches the low of the previous day's candle". Is it right or he meant previous higher low breach?
Warning candle exit - large red candle, red or green candle with large upper wick, doji at the top
Fix percentage exit - initial stop loss of 10% And Good Till Cancelled ( GTC ) order 15 to 20% above their purchase price.
Always in profit exit - 50% exit at 10%, raise SL to your purchase price on the remaining 50% and exit at 60-70% gain in a short-term trade or exit at 50% gain in a long term trade
January 23, 2024
Advice at it’s best!
After having read many books about trading, I am happy to have found Jayesh’s writings. His advice is straight to the point. And what’s more, it works! Thank you, Jayesh for sharing your knowledge, I truly appreciate it and look forward to adding your next one to my Jayesh Shah library.
After having read many books about trading, I am happy to have found Jayesh’s writings. His advice is straight to the point. And what’s more, it works! Thank you, Jayesh for sharing your knowledge, I truly appreciate it and look forward to adding your next one to my Jayesh Shah library.
February 24, 2024
True Insight into Why Patterns & Indicators Fail
The Bull & Bear Zone concept for making high probable trades is awesome. It explains why carefully chosen patterns and indicators fail. Take a buy trade using patterns & indicators when the price is in bull zone and vice versa and it would increase the success rate of the trades.
A must read for all traders & investors.
The Bull & Bear Zone concept for making high probable trades is awesome. It explains why carefully chosen patterns and indicators fail. Take a buy trade using patterns & indicators when the price is in bull zone and vice versa and it would increase the success rate of the trades.
A must read for all traders & investors.
January 17, 2024
Great short book
A snap of very poignant issues and technicalities of training. In overwhelming number of different tech analysis indices, etc, the author focuses on the crucial ones. I like it very much because it is simple and logical.
A snap of very poignant issues and technicalities of training. In overwhelming number of different tech analysis indices, etc, the author focuses on the crucial ones. I like it very much because it is simple and logical.
May 4, 2024
love his books! simple…
So simple and concepts that are hard to even think about because they are so simple. I have read all so far and have helped my trading game by eliminating all these non sense lagging indicators
So simple and concepts that are hard to even think about because they are so simple. I have read all so far and have helped my trading game by eliminating all these non sense lagging indicators
January 15, 2024
Easy to read and apply
A Straight forward strategy. Back to basics. Keep it simple. Another great strategy by Jayesh Shan. Highly recommended to read.
A Straight forward strategy. Back to basics. Keep it simple. Another great strategy by Jayesh Shan. Highly recommended to read.
February 10, 2024
worth it,s weight in gold
A great system that anyone can follow.The explanations and examples are very insightful.I would tell any new investor to follow
Jayesh.
A great system that anyone can follow.The explanations and examples are very insightful.I would tell any new investor to follow
Jayesh.
Displaying 1 - 7 of 7 reviews