hello and thanks for info what kind of ea u used
GREENIUS
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DislikedMy first post on FF and doing that in a Nice thread too...Simple yet highly effective method...
I trade similar way and have 4 different pattern of this change in trend orientation principle.....
Hope to give more contribution on live trades in the weeks to come...Ignored
DislikedYou have to trade thinking about the present moment, the less you think about the past/future and the more you will be centered on the present moment, having the energy to make great judgements and great trades.Ignored
DislikedHello Tunera
This thread is exactly what I am looking for.....I want to study these 123 patterns or W and M patterns as they are sometimes called.
Quick question.
If one is trading a M pattern (looking to go short when the "2" is broken) does it matter if 3 is higher than 1?...Ignored
QuoteDislikedIf one is trading a M pattern (looking to go short when the "2" is broken) does it matter if 3 is higher than 1? In some of your examples 3 is higher than 1 and in others 1 is higher than 3
DislikedHello, usually when the 3 point do not broke the 1, the pattern looks more promising (we look for an inversion with this pattern, so if the 3° point is not strong enough to broke the 1° one, it's a good sign), however many times even if 3° point broke the 1°, the pattern is still good, and some time when 3° don't broke 1°, the pattern may fail (it may fail in everycase!), but yeah if the 3° point don't broke the 1°, the PROBABILITY of success are much higher.
I like very much your second question, of course when price go from 1 to 2, it do it...Ignored