How do YOU(personally) trade chart patterns? 0 replies
Chart patterns breakouts. 3 replies
Calendar Yen Trading Patterns 4 replies
CHF, EUR and GBP Calendar Trading Patterns 0 replies
Candle Patterns 10 replies
DislikedManual Trades.. Trying to apply what i understand from the book. GOLD - With hindsight, this looks like "ST double reverse pattern". Question is how do we trade? {image} 1. After the new corridor (dark green) was formed, price broke the threshold (X=2) and a new trade was opened. 2. Then the price reverse into the corridor and down crossing the STOPLINE. Trade was stopped out. Question 1: After the stopped out. Do we consider this "dark green corridor" complete and start hunting for new corridor? 3. Price continued down and broke threshold again..so...Ignored
DislikedHey indaone, I don't have the EA mentioned in this thread but I've been backtesting the strategy with one I made myself. I haven't started forward testing or live trading yet, but I have confirmed the trades from books 1-3 in backtesting. I can let you know how it goes when I start trading for real. I would recommend you check if your EA is able to match the charts from the books to make sure it's working correctly, if you haven't already done that. There are some minor data inconsistency gotchas that you have to watch out for (some values being...Ignored
DislikedHi ShadowForex, Hope the following diagram helps. 1. Corridor is formed the moment price crosses/breaks a fully formed fractal. 2. Candle C crosses a nearest (most recent) fully formed fractal at Candle B 3. Since it crosses UP, so the direction is UP. START Line is always at the broken fractal i.e B {image}Ignored