V Pattern (Enjoy Your Sell)

That is why I tried to bring up the thinking behind the pattern or price movement (as to what could be happening behind at backstage). If you have a "strong support" and then it is followed by a breakout what does it tell you? There are possible Buy Stops above the swing High before the breakout. Sometimes you might find an Absorption immediately after the breakout. You might also find Buy Stops above the High of that absorption and price might not even go for the swing High prior breakout. You don't have to see a V pattern (visualization) to see what they (market makers) could be doing.

The pattern is a coincidence.

Very good say... can be considered by me... V pattern and A pattern is easy to spot the PA ... pluss our ownself experienced.. we should add to the strategy.. thanks Anna for the easy technic...

50% closed!!!
Free ride to the bottom

fast scalpting v pattren previous HH was broken now lets see result.

TP 2

maybe I'm wrong... let see... SL is at nearest V bottom

Met SL hhehehe.. A pattern ma

tp 1 hits almost near tp 2

I told ya' to look out for pairs with jpy, hope you took this beautiful trade

Weekend trading possible outcome

I would like to contribute to that thread:
As a semi professional trader I can understand people here who complain about not exact rules of entrys. And it is true, it is not showing completely. The reason for that is the complexity of every currency and that you have to analyze. You need to know for example that JPY currencies go more far crazy than EUR currencies so you can adapt your systems to that. You need a hell of stats to know all that sh*t.

When you compare V-Patterns trade, sth. like that will come up if you backtest it: EUR/USD: W/L Ratio: 1.3, GBP/USD: W/L Ratio: 1.9, USD/CAD: W/L Ratio 1.15.

You see the currency you trade is very important, too. If you trade all currencies you get an average but than you have to take all trades. But how much pips must a V-Pattern be to be profitable? 100 Pips? Probably, because consolidation zones are like 20 pips and to get a R:R ratio of 1:3 you need than 100 pips.

Also how long the V-Patterns should be, timeframe / pips, where does the V-Pattern end/start? You need to be able to put it into a program to test it automatically. If you don't have the exact rules, it does not work (for me at least: If I risk $1000 Dollars I need to be 100% sure what I'm doing).

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It is just a small extract of real pro work you have to do. Don't think you can just take a system here and trade it. It is much more complex. What I don't like on lots of pros here on Forex is, they mostly don't show their backtests. My backtest must be at least 2 Years - automatically traded. Everything else is not enough for me. Of course I can adapt some situations but first the automatic back test must proof the system -and here you need all exact parameters.

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And believe me: Lots of systems here are rubbish. I tested a lot of them. The V-Pattern System here has some potential because it makes sense in terms of price action. But don't expect the hell out of it. Expect probably R:R Ratio of 1.2 or may be 1.3 - if it really works. Is it worth to check it out more deeply? Yes. Is it worth for me? No. Reasons: To little trades per month (<80 Pips V-Patterns are not usefull, described it above), to complex to analyze because of different currency behaviour, not enough exact rules to trade (takes months to analyze these stats you need).

Thanks for sharing the system.

WEEKLY
LTF ENTRIES
1º TRADE .SL
2º TRADE 3:1

SAME EN SL +6:1

MINIMUM TO TRADE 2:1
YOUR TARGET I THING FOR DAILY ???? H4 NO PATTERN

BAD