I'm still testing things out on the DAX. There was a bit of movement this morning but nothing much to trade. I've got a few questions on the attached chart if that's ok. Plus one other:- do you use a tight algo type definition of the patterns or ...

I'll have a look at Sierra. If I was in a US time zone I would also look at futures but here in UK DAX has lots of volatility & I can spread bet it without paying tax. Broker's spread is just 1 point. Zee

Hi I've been trading similar patterns (especially hat/head&shoulders/3peaks3valleys) on DAX M1 period for a while. But there is a bit of noise to deal with. I would never have thought of using line chart & range bars as a way of clarifying price ...

Hi TooSlow Can you tell us the pairs & spreds that you trade these methods with? And times of the day? Thanks Zee

I just watched the vid & some others - very interesting if eccentric (that's not a criticism). I can understand that every price turn must start with candle going in the opposite direction, that's a tautology. But not every candle in the opposite ...

If we're just looking at horizontal lines do we really need candles? How would it be to trade looking at just price, a series of lines & whether price is above or below some datum points (eg open of day or last hour)? Perhaps this is more like ...

Hi TooSlow Thanks for your thread. It has given me a few things to think about. I use statistics to inform my trading but draw lines near recent swing high or lows. Do you think it matters where one draws the horizontals? Could one draw a line at ...

The pattern is triggered by BarsInPattern successive bars making HHs & HLs or LLs & LHs, where the distance between the high & low of the sequence >= MinPatternSize pips.

With the new build of MT4 you no longer put indicators in the indicator folder!

Hi Mithras I'm interested to see where you're going with this idea. Is this the sort of indi you're after? I modified an old one so I hope it works. file

This is an important point. Many people will assume that all rapid moves away from a price denote s&d area. How do we tell pivot point from s&d? How long does price need to remain to form base? What is going on in the market to form these patterns? ...

There's been discussion about the different levels. I think they are all useful but have different chracteristics. For what it's worth, here's my take:- The psych numbers 00, 50, 25, 75 are powerful s&r levels. I trade bounces off these using limit ...

eu morning — Is this the sort of plot to be done on the spreadsheet (but here it's superimpossed on the chart)? You can see how price moves & how long it takes. Very interesting. 1) Price moves up (down) to one of the 12.5 pip levels & goes ...

Hi Mongolian & everyone, This is an excellent thread that I've just read through. I like the simplicity of a grid system. I think I see the logic:- In a trend price moves through the grid levels, pulls back a little & continues onward. We enter ...

gu trade — Took this GU trade very early this morning. EMA34 shows trend is up, so looking for longs. Vol ma declines from 3.30 BST (4.30 on chart) but starts to rise at 5.30 BST. Looking for an entry, the 6.30 BST candle bounces off y's high ...

vsa — I have never got to grips with volume but this thread has got my attention. My understanding is we use the volume ma to look for the bottom of a retrace. Eg. ma falls & when it rises this shows trend may be resuming. Then we look at ...

I can see that on my m15 too. Off for some lunch now but I'll keep an eye on it when I return. Incidentally, I see a good tl break on gu at about 0730 this morning. I would have taken it as a pivot cross but too early for me! zee

Eu trade this time. Price returned to s1& then dropped again. Entered at low of candle straddling s1 at 13251. Target ms2, & tp at 13236. Price kept dropping beyond but at least this covered a previous stupid trade I made that got me stopped out for ...

Just took this bounce off mr1 on low of bearish engulfing candle (is that right pattern name?). Tp at 2 pips away from dp for 23 pips. I usually set my actual tp a couple of pips shy of target to allow for spread/broker/chart discrepencies etc. Good ...

That's a good trade & I like the method. Can I ask, do you trade bounce of trendline as well as cross? zee