Been trading for a few years now and still can’t decide on this one.
Some days I nail perfect entries using support/resistance levels. Other days the same setups completely fail and I’m left wondering if it’s all just noise.
What’s your take on this?
Markets have both randomness and patterns. I believe that visible patterns can be used for profitable trading.
It’s important to understand that even reliable patterns can fail due to unexpected news or unusual market behavior.
I focus on setups that are successful most of the time instead of trying to predict every single movement.
Both are true. Random movements happen, but patterns can emerge from human behavior that you can trade. The key is to recognize which is at play in the moment. Support and resistance levels are effective because many traders focus on them. However, news and major players can disrupt these patterns at any time. Effective risk management is crucial. You can still be profitable with a win rate of just 40% if you stay consistent.
Patterns can break when big players act. I focus on what’s happening now and cut losses quickly.
Markets aren’t random, but they’re not predictable either.
I see patterns repeat because traders react the same way to similar situations. Price hits a major round number? You’ll see that same hesitation and reversal every time.
What took me years to learn - patterns work until they don’t. News, central bank moves, or big institutional orders will blow through your best setups.
I stopped trying to be right all the time. I trade consistent patterns but expect some to fail. Risk management saves you when randomness hits.
Find patterns that work in current conditions. Adapt when they stop working.