Dislikedwhy not just pull up pp where your happy with the profit or at what you think is a good place while its resting like 3668 and if it goesIgnored
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Dislikedwhy not just pull up pp where your happy with the profit or at what you think is a good place while its resting like 3668 and if it goesIgnored
DislikedWho has else bullish candle and which broker? MT4 or 5? Thank you I see that everybody has bearish candle {image}Ignored
Disliked{image} lots of resistance. 3650 3690 3720 . Short 3570 if we see resistance take hold . For me fail at 3620 then that 3570 and 3540 . But play it as we see itIgnored
Disliked{quote} It only seems that way. There is no edge to trading these patterns. It's better to just stick to basic support and resistance from completed fractals on higher time frames such as the Daily and the weekly.Ignored
Disliked{quote} Thanks, it is hard to believe that the people who really move price pay attention to patterns like these.Ignored
Disliked1.3571 + 160 pips = 1.3731 (Minimum bounce) 1.3571 + 177 pips = 1.3748 (Average Bounce) 1.3571 + 200 pips = 1.3771 (Maximum Bounce) The above are possible prices that can be seen in few days time as far as 1.3570 remains unbroken.Ignored
DislikedRisky counter short at 1.3676 SL 1.3696 TP 1.3642. I think 1.3690 is a strong resistance and my TP is at the top of today’s LO range {image}Ignored
Disliked{quote} Thanks, it is hard to believe that the people who really move price pay attention to patterns like these.Ignored
Disliked{quote} Lol. Yeah can just imagine Goldman or whatever 'quick guys it's a bearish crab sell 100k contracts' Mind you. That long this morning was basically price action pattern recognition on a key level. However, recognising it is one thing, and executing on it whilst it takes you on 3 stop hunts is another thing, getting the SL/TP profit right etc. I think patterns can work if you're combining it with other things as part of your arsenal Definitely seen Gartleys etc play out massive moves on the DXY/Euro etc so I don't think it's total BS either...Ignored
Disliked{quote} Lol. Yeah can just imagine Goldman or whatever 'quick guys it's a bearish crab sell 100k contracts' Mind you. That long this morning was basically price action pattern recognition on a key level. However, recognising it is one thing, and executing on it whilst it takes you on 3 stop hunts is another thing, getting the SL/TP profit right etc. I think patterns can work if you're combining it with other things as part of your arsenal Definitely seen Gartleys etc play out massive moves on the DXY/Euro etc so I don't think it's total BS either...Ignored
Disliked{quote} There’s something to them I’m sure but as here2there said there is no edge to them. Maybe they work sometimes and if you land a huge move that compensates for the times they don’t work if the losses are small, that would be an edge I suppose, but I’d rather watch clouds and look for patterns there when there are better ways to trade based on real dynamics. Would be hilarious if the big banks did pay any attention to them though!! It’s interesting to learn about these things though. “If you open your mind too much your brain will fall out”...Ignored