Trading FOREX Patterns with special effects | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

trading forex using Gartley Patterns 972 replies

Opportunities in Forex Calendar Trading Patterns 3 replies

Problem to read forex patterns by C# 3 replies

Calendar Yen Trading Patterns 4 replies

CHF, EUR and GBP Calendar Trading Patterns 0 replies

Attachments: Trading FOREX Patterns with special effects
Exit Attachments

Trading FOREX Patterns with special effects

  • #1
  • First Post: Mar 19, 2011 9:18am Mar 19, 2011 9:18am
I am a 100% technical trader who is also aware of the fundamentals, but I trade solely based on the following:
* Price Action.
* Fibonacci Retracement and Extensions.
* Trend lines (to determine the direction of the trend).
* Support and Resistance.
* ABCDs, AB=CDs.
* Chart Patterns (Gartleys, BATs, Butterflies, Crabs).
* Trend Reversal Patterns (crowns, 123s, Bullish and Bearish Engulfing Candles, Tweezer Tops and Bottoms, Morning and Evening Stars)
  • #2
  • Mar 22, 2011 10:25am Mar 22, 2011 10:25am
Daily:

Here we can see that price broke the bullish trend line, gave us a low and retraced to retest the broken trend line.

Attached Image (click to enlarge)
Click to Enlarge Name: Aussie Daily.png Size: 45 KB


4hr:

Here we can see that the retest is at a convergence of the bullish trend line and a bearish one. We can also see a possible "bearish engulfing candlestick formation" at the retest.

Attached Image (click to enlarge)
Click to Enlarge Name: Aussie 4hr.png Size: 52 KB


1hr:

We have a bearish bat formation here with 88.6 of XA converging with trend line retest and another bearish engulfing candle stick formation. We have our POs placed on this for a short position.

Attached Image (click to enlarge)
Click to Enlarge Name: Aussie 1hr Bat with bullish engulfing.png Size: 56 KB
  • #3
  • Mar 22, 2011 11:03am Mar 22, 2011 11:03am
Weekly:

Possible resistance level, top of triangle and double top.

Attached Image (click to enlarge)
Click to Enlarge Name: Euro Wkly.png Size: 49 KB


Daily:

Price still bullish. Bouncing off trend line.

Attached Image (click to enlarge)
Click to Enlarge Name: Euro Daily.png Size: 48 KB


1hr:

Trend line broken.

Attached Image (click to enlarge)
Click to Enlarge Name: Euro 1hr TL broken.png Size: 42 KB


15m:

Possible crown formation here. We will be watching this pair to short with confirmation.

Attached Image (click to enlarge)
Click to Enlarge Name: Euro 15m.png Size: 47 KB
  • #4
  • Mar 23, 2011 8:58am Mar 23, 2011 8:58am
Here's a follow up on our short trade on EURUSD. We are short this trade hoping price retrace to next support before next rally.

Attached Image (click to enlarge)
Click to Enlarge Name: Euro 1hr follow up.png Size: 47 KB


15m (Reasons for short):

After price broke bullish trend line, it retraced to 0.500 fib level and gave a bearish engulfing candle so we placed our POs 5pips below our confirmation, we then saw a retest of that candlestick formation with another bearish engulfing candle. Stop has been moved to our Entry to protect ourselves since its a retracement trade and our target is at next support.

Attached Image (click to enlarge)
Click to Enlarge Name: Follow up on Euro.png Size: 49 KB
  • #5
  • Mar 23, 2011 11:28am Mar 23, 2011 11:28am
Quoting efeezeefx
Here's a follow up on our short trade on EURUSD. We are short this trade hoping price retrace to next support before next rally.

Attachment

15m (Reasons for short):

After price broke bullish trend line, it retraced to 0.500 fib level and gave a bearish engulfing candle so we placed our POs 5pips below our confirmation, we then saw a retest of that candlestick formation with another bearish engulfing candle. Stop has been moved to our Entry to protect ourselves since its a retracement trade and our target is at next support....
Stop now moved 15pips above last high to lock in some profits.
  • #6
  • Mar 23, 2011 11:42am Mar 23, 2011 11:42am
Attached Image (click to enlarge)
Click to Enlarge Name: Lock in profits.png Size: 40 KB
  • #7
  • Mar 23, 2011 12:13pm Mar 23, 2011 12:13pm
Hey eezzee....nice thread! Great stuff just posting to subscribe
  • #8
  • Mar 23, 2011 3:18pm Mar 23, 2011 3:18pm
Quoting lazyboy
Hey eezzee....nice thread! Great stuff just posting to subscribe
Thanks a lot, I'm excited to have u here. I post on queenfx's thread too and I see ur posts. Nice one! ChinaWombat's too. U guys are the bomb! keep it up guys.
  • #9
  • Mar 25, 2011 5:25am Mar 25, 2011 5:25am
Daily:

We have Gartley with entry at top of large triangle and ABCD convergence.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp daily.gif Size: 22 KB


1hr:

We have bearish 123 formation at down trend line.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 1hr 123.gif Size: 19 KB
  • #10
  • Mar 29, 2011 3:37am Mar 29, 2011 3:37am
Daily Jumbo Gartley:

I am posting this early, but all the same....it's been marked for the future.

Price is currently trapped in a large daily triangle and price hit the top and is dipping which is about to give entry for jumbo gartley.

Convergences: 88.6 of XA, 127.2 of BC,ABCD, possible trend line bounce and daily support level....good luck...lol.

Attached Image (click to enlarge)
Click to Enlarge Name: gcad jumbo.gif Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gcad jumbo minimised.gif Size: 17 KB
  • #11
  • Apr 1, 2011 1:22pm Apr 1, 2011 1:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: ncad short.gif Size: 22 KB
  • #12
  • Apr 5, 2011 11:57am Apr 5, 2011 11:57am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp daily bat.gif Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp bearish crown.gif Size: 26 KB
  • #13
  • Apr 6, 2011 10:08am Apr 6, 2011 10:08am
Nice spot ezee, I'm in at the same level.
  • #14
  • Apr 7, 2011 5:25am Apr 7, 2011 5:25am
Quoting lazyboy
Nice spot ezee, I'm in at the same level.

Thanx.....
  • #15
  • Apr 7, 2011 5:32am Apr 7, 2011 5:32am
We are short....Target 1 almost hit.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp bearish crown update.gif Size: 24 KB
  • #16
  • Apr 8, 2011 6:24am Apr 8, 2011 6:24am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp re-entry.gif Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp re-entry 1hr.gif Size: 25 KB


However....if you were unable to exit the trade at Break Even, then I don't think you need to panic.....hopefully, bearish gartley might push price back down. Thanks.
  • #17
  • Apr 11, 2011 3:07am Apr 11, 2011 3:07am
Seems we were wrong on this one....we advice that all targets be moved to our entry levels. Hopefully we could see a drop in price to take us out at entry. Thanks.
  • #18
  • Apr 18, 2011 3:47am Apr 18, 2011 3:47am
Attachment

Attachment

Attachment

Attachment
  • #19
  • Apr 18, 2011 7:39am Apr 18, 2011 7:39am
Attached Image (click to enlarge)
Click to Enlarge Name: au daily.gif Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: au daily - double top.gif Size: 17 KB


Attached Image (click to enlarge)
Click to Enlarge Name: au 1hr crown.gif Size: 22 KB
  • #20
  • Jul 12, 2011 10:15am Jul 12, 2011 10:15am
Sorry I have been away from this thread for quite some time. I have just been trying to concentrate on perfecting my trading strategies and i have really been busy too. It's so good to be back and i will quickly show u a trade or two that i am in presently. Would post trades we are planning to take in the course of the week so please stay here...winks...cheers!

EURNZD BULLISH BUTTERFLY - DAILY.

We are currently long on this pair and price has given 140pips already.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd update.gif Size: 23 KB


We shorted USDJPY gartley too.
Attached Image (click to enlarge)
Click to Enlarge Name: uj...short.gif Size: 20 KB
0 traders viewing now