Head & Shoulders Pattern Trading

[exbryan 10]

I have been extremely interested in this particular pattern for a couple of years now. I have read lots of materials (including encyclopaedia of chart patterns and others) but most of them talk about the same basic concept of trading. I have also spent many long hours on screen monitoring the various characteristics of this pattern and till date could not gain the proper confidence to trade this pattern. The beauty about this pattern however, it provides you with clear Entry, TP & SL levels and it has also a good success rate. I would like very much to further develop my trading skills in this field but I don't know how as yet.

 

I would highly & greatly appreciate the kind help of any experts in this field as in regard to the followings:-

 

1) Direction to obtain in-depth study to master this pattern.

 

2) Direction to other possible trading strategies &/or indicators (apart from volume) that can be used as an additional confirmation to this particular pattern or perhaps to reduce the failure cases of this pattern.

[Mysticforex 13]

I have never had much success working with this pattern. Not to say it does not have it's place. I know a young lady and it's all she uses.

 

Good Luck.