New traders often ask for trading advice. Get free chart patters

[#1]

http://www.chartadvisor.com/ gives five free chart patterns. It says that Ascending and descending triangles are short-term investor favorites. I would still like to know if Head and Shoulders is reliable for short term traders

[jack12]

I only use it as a medium term trend indicator

[SimonPB]

why don't you back or forward test H&S for short term ?? then you will have a true answer rather then somebodies theory ??

[HiSo]

Read the Encylopedia of Chart Patterns by Bulkowski. He's got most of the stats you probably looking for (time of pattern forming, % reaching targets, etc). He's also got a website. Can't remember the url but you can google it. We've also had some nice H&S (SOL, BIL) and double tops (AGL, MUR) recently that you can research.