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2b pattern

  • #121
  • Oct 27, 2010 11:58am Oct 27, 2010 11:58am
chart
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  • #122
  • Oct 27, 2010 2:07pm Oct 27, 2010 2:07pm
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Trade´s working out ok. Has successfully passed white resistance line

Had my doubts about this one with the all the USD buying across the board.

Next res higher ought to be a good target level.
  • #123
  • Oct 27, 2010 2:10pm Oct 27, 2010 2:10pm
Ha! Great minds think alike
  • #124
  • Oct 27, 2010 3:23pm Oct 27, 2010 3:23pm
Good job arc and delta . Tex
  • #125
  • Oct 28, 2010 1:46am Oct 28, 2010 1:46am
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EURJPY 1h chart. Candle body is comparatively long to pin... so, might not be the best trade to take today.
  • #126
  • Oct 28, 2010 1:50am Oct 28, 2010 1:50am
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EURGBP 1h chart. Also like this one and the rejection of this level. Even though, far from ideal with the missing div and the somewhat small-ish pin.
  • #127
  • Oct 28, 2010 5:46pm Oct 28, 2010 5:46pm
Eur may be exhausted.We never got a retrace to 38.2 or 50 going back up on the big impulse move down but we did get a small 123 abc pattern back up from around the 23 fib level....but it has dropped now.Maybe we will get a spike later.If it contiunes to drop no go for me. We did get a slight divergence...nothing great though. Tex
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  • #128
  • Oct 29, 2010 12:47am Oct 29, 2010 12:47am
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GBPJPY 1h chart. Bearish outside bar breaks the range. Div present.
  • #129
  • Oct 29, 2010 12:55am Oct 29, 2010 12:55am
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This was an interesting one on USDCHF 1h chart since it came off last week´s high in a decided move. No div though.

Delta, would you want to see for this set up div present as well or not?

Thxs
  • #130
  • Oct 29, 2010 1:54am Oct 29, 2010 1:54am
Quoting Arcturius4
Attachment

GBPJPY 1h chart. Bearish outside bar breaks the range. Div present.
chart
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Click to Enlarge Name: gbp jpy.gif Size: 23 KB
  • #131
  • Oct 29, 2010 2:00am Oct 29, 2010 2:00am
Quoting Arcturius4
Attachment

This was an interesting one on USDCHF 1h chart since it came off last week´s high in a decided move. No div though.

Delta, would you want to see for this set up div present as well or not?

Thxs
chart
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf3.gif Size: 22 KB
  • #132
  • Oct 29, 2010 2:57am Oct 29, 2010 2:57am
Quoting deltatrade
chart
Wow, you are strict Delta.

The pattern isn't correct to the exact definition I suppose but the sentiment is the same, spike in stops, bring in sell orders then reverse with momentum.

I took the long trade.
  • #133
  • Oct 29, 2010 4:46am Oct 29, 2010 4:46am
Quoting jag1966
Wow, you are strict Delta.

The pattern isn't correct to the exact definition I suppose but the sentiment is the same, spike in stops, bring in sell orders then reverse with momentum.

I took the long trade.
yes, i am strict about my style of trading but i am not denying there are other ways to approach the markets.
  • #134
  • Oct 30, 2010 12:52am Oct 30, 2010 12:52am
Quoting deltatrade
yes, i am strict about my style of trading but i am not denying there are other ways to approach the markets.

No argument here Delta, 0.0001 of a pip can make a difference to a good or bad setup for me on many occassions.

Thanks for all your work, I am watching and learning.
  • #135
  • Oct 30, 2010 3:57am Oct 30, 2010 3:57am
Hi,
just some suggestion.
If you watch H4 Timeframe in this kind of judging market you shuld be aware that your broker can have differnet timezone for market Open.

check this out
on one Broker on H4 TF its seems like selling pressure.
but on another broker same H4 TF produced Pin bar. that suggest market should bounce.

Then you should analyse also H1 for pinpoint entry and judge if its true bounce or not.
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  • #136
  • Oct 30, 2010 10:21am Oct 30, 2010 10:21am
i found something interesting. you can see the winners transaction on these statements http://www.fxservice.com/contest/easterndivision/. maybe we can figure out what those guys did :d.
  • #137
  • Nov 2, 2010 10:54am Nov 2, 2010 10:54am
.... yet worked out eventually. Example on 4h. USCHF chart:


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Not the fastest rejection ever seen. This one sure took its time.
  • #138
  • Nov 2, 2010 12:00pm Nov 2, 2010 12:00pm
Quoting Arcturius4
.... yet worked out eventually. Example on 4h. USCHF chart:


Attachment

Not the fastest rejection ever seen. This one sure took its time.
i've backtested only with 4 bars. this setup was a 5 bar setup. still i am glad that you got it.
  • #139
  • Nov 2, 2010 2:33pm Nov 2, 2010 2:33pm
Delta, the 2b pattern is kick ass and I am grateful that you brought it to wider notice!

The way you´ve outlined it has added an edge that had been missing for me

I find them easy to detect and have had only winning trades over the last 2 weeks with it.

Thanks!
  • #140
  • Nov 19, 2010 2:49am Nov 19, 2010 2:49am
Hi deltatrade,

I have been following this thread with interest. In one of the posts you mention that you don't take trades that have a large distance between the 2 tops/bottoms involved in double tops and bottoms. What kind of distance do you look for in your trades? Do you have any objective criterion or is it just a visual thing?

Thanks
Sujith
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