V Pattern (Enjoy Your Sell)

Nice Thread Emma, keep it up

It's a good one indeed.

Gold H1 Worked Great Target Hit

Failed obviously.

the breakout bar must close above high of the strong high bar? the rules are not.... rules if they are not complete and dont cover all the possibilities.. my question is basic and cover lots of the situations i guess

Oil Usd
high frequency trade up to down v pattern

have a great weekend much Aloha

Emma in this case, which one would you take? Or both?

EA h1

FOR NEXT WEEK

SHARING RISK (DIVID THE RISK /3)
1/3 EA
1/3 NU
1/3 AU

You're right, I took it as a full move, but it's weak. Thank you

Target — Pivot Green channel

Where can we find that Fan Indicator?

https://t.me/all_about_mql4/29

Emma, can you comment on the construction of patterns A and V in the context of LTF? It is not always clear to me how you choose specific highs and lows when you post screenshots of only one time frame.

You can refer this chart to find out the specific highs. For ex, for a good high to choose, it has to break a proper support after this high and has to return to the same high forming a V pattern.

Within one timeframe, this is more than clear to me. I asked Emma to show how these constructions correlate with higher timeframes (LTF).

That's exactly the key point you mention. Without exact entry rules, and I mean really exact, a backtest can differ from CRV's 1:1 to 3:1, it is very random depending what you choose.

The problem with systems like that is the interpretation room what is meant as a "high" which has to be broken or a "low" which has to be broken.

In one scenario you get stopped out because you have chosen the "wrong" high (let's say you were going short). On the other scenario you were not stopped out because you have chosen another high which was higher.

Another problem are the RR-Ratios: The smaller you take your trading corridor the higher your Risk Reward is but the easier you get stopped out. Out of my experience you need EXACT rules how you calculate these corridors or at least have strict rules (like order book blocks) where to put you entry and exit. And here begins your own work...EMMA will not tell you because it is a hell of research - for each currency.

From my experience about 70% of all good tradable currencies have similar attitudes and attributes but 30% not so when you chose the wrong setup in a wrong currency the system is not working.

To answer your question: In the beginning you can only say: highest high and lowest low are your levels after a certain amount of time AFTER the V-Pattern was completed (for example 1 day) which has to be broken to be stopped in and if it goes bad stopped out on the other side of that channel.

Here is a good example: For me the "low" of the channel would be the same but where to put the "high"? Emma put it in that spot because of knowledge probably. But you could also put the channel twice as big! - Because you have a lag of stats or experience. And that is almost no one sharing with you. It is a lot of work to figure that out.



But I have to admit that these chart from Emma, really makes not much sense because it seems that the trading channel length is just random chosen. When you look carefully you see at least 3 entrys (High was broken of channel) before (one really big one, shooting up and coming down again) - why was that no entry? That's my most trading systems here are just hints but no complete working trading systems. Sometimes I analyze these systems but I never found one which could stand my backtests. As I said before, this one could work because it uses market approaches, market imbalances and EMMA probably earns money with it - however how he/she is putting the entry point, I cannot figure that out when I see her/his examples.

Thanks Jack. You have described exactly how I feel when I look at Emma's charts. Therefore, I really hope that Emma will still answer my question as the author of the thread, at least in general terms.

As i said earlier there are lot of false signal. Thousand...



Because if there is an uptrend or downtrend automaticaly evolve this kind V/A forms. But