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  • #1,241
  • Jan 24, 2012 12:21pm Jan 24, 2012 12:21pm
strength in a range
  • #1,242
  • Jan 24, 2012 12:22pm Jan 24, 2012 12:22pm
ss
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  • #1,243
  • Jan 24, 2012 12:26pm Jan 24, 2012 12:26pm
The mother of all pattern: essential engulfing whipsaw patterns at key levels
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  • #1,244
  • Jan 24, 2012 12:32pm Jan 24, 2012 12:32pm
I have saved over 800 screenshots from red's thread and gave all of them a name refering to the pattern they show (that doesn't mean that I have found 800 different pattern). I think this is the best way to learn Red's method.

When you want I can post a few more pattern tomorrow.
  • #1,245
  • Jan 24, 2012 12:34pm Jan 24, 2012 12:34pm
Quoting MCFly
The mother of all pattern: essential engulfing whipsaw patterns at key levels

i think its just logic of :

"does anyone smart buy at a bullsih engulfing at a "market top""?

"does anyone short at bearish engulfing at demand?

its basically a trap i think.
and gives u best price to get in right after that fakey
Have I got something on my face, SOLDIER?
  • #1,246
  • Jan 24, 2012 12:37pm Jan 24, 2012 12:37pm
Quoting MCFly
When you want I can post a few more pattern tomorrow.
Any chance you can send them to me in a zip file? I think what I will need to do is firstly index them, then categorize them, then perhaps prioritize them, then finally draw them up.

I will carry on working tonight. Thanks for your input MCFly.
  • #1,247
  • Jan 24, 2012 12:40pm Jan 24, 2012 12:40pm
well good peeps of PA just remember not to stress urselves out too much - its meant to simplifiy trading not complicate therefore do all the research u want BUT do keep it simple.


KISS is the base of PA.

( i think.. )


ima sleep now damn its 1:40 am and im 14 lol (ive been up for a whole 2 days so this is nothing..)

take care guys
Have I got something on my face, SOLDIER?
  • #1,248
  • Jan 24, 2012 12:45pm Jan 24, 2012 12:45pm
Quoting bumapatria
ima sleep now damn its 1:40 am and im 14 lol (ive been up for a whole 2 days so this is nothing..)
To sleep you must.

You must be the pips around you.

http://www.youtube.com/watch?v=GITb6rzpTWM
  • #1,249
  • Jan 24, 2012 12:49pm Jan 24, 2012 12:49pm
LOL nice vid


hehe - i cant sleep yet i need 11 mins more to see the 4hourly close on this

gold trades
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Have I got something on my face, SOLDIER?
  • #1,250
  • Jan 24, 2012 12:59pm Jan 24, 2012 12:59pm
explained on the entries
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stops are at higher levels (4h levels)
Have I got something on my face, SOLDIER?
  • #1,251
  • Jan 24, 2012 1:02pm Jan 24, 2012 1:02pm
Quoting bumapatria
LOL nice vid


hehe - i cant sleep yet i need 11 mins more to see the 4hourly close on this

gold trades
Well hopefully this flag will blow at pivot so you don't have to wait until pole base.

..
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  • #1,252
  • Jan 24, 2012 1:03pm Jan 24, 2012 1:03pm
Quoting Tyoon
Well hopefully this flag will blow at pivot so you don't have to wait until pole base.

..
okay i can sleep. its what i expect it to be

good 4h pin with accompanied higher volume.
Have I got something on my face, SOLDIER?
  • #1,253
  • Jan 24, 2012 1:05pm Jan 24, 2012 1:05pm
Quoting bumapatria
explained on the entries
Attachment

stops are at higher levels (4h levels)
Your chart reminded me of something I saw a while back. I saw this pattern a good few times.

Some kind of price symmetry?

..
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  • #1,254
  • Jan 24, 2012 1:06pm Jan 24, 2012 1:06pm
Quoting Tyoon
Your chart reminded me of something I saw a while back. I saw this pattern a good few times.

Some kind of price symmetry?

..
almost a perfect mirror.

i mean look at euro daily - ull see what i mean. i posted it coupa times iwth the cycle average forecast to help see it better.
Have I got something on my face, SOLDIER?
  • #1,255
  • Jan 24, 2012 6:26pm Jan 24, 2012 6:26pm
Taking a slightly different look at eu. Price structures.

..
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  • #1,256
  • Jan 25, 2012 3:41am Jan 25, 2012 3:41am
trade example from yesterday. tp 2 was reached.
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  • #1,257
  • Jan 25, 2012 3:54am Jan 25, 2012 3:54am
do you remember my "one side is showing strength in a range" post?

Excellent traders like kenny are taking an earlier short when price touches the upper part of the range.
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  • #1,258
  • Jan 25, 2012 4:05am Jan 25, 2012 4:05am
Quoting MCFly
do you remember my "one side is showing strength in a range" post?

Excellent traders like kenny are taking an earlier short when price touches the upper part of the range.
So the side of the range that shows the most strength is the one with strongest momentums back into the range? Makes sense to me.
  • #1,259
  • Jan 25, 2012 4:28am Jan 25, 2012 4:28am
Quoting MCFly
do you remember my "one side is showing strength in a range" post?

Excellent traders like kenny are taking an earlier short when price touches the upper part of the range.
Yes taking on somewhere close to top range give much better R:R
  • #1,260
  • Jan 25, 2012 4:35am Jan 25, 2012 4:35am
Quoting Tyoon
So the side of the range that shows the most strength is the one with strongest momentums back into the range? Makes sense to me.
Yes momentum like engulfings, outsidebars, DBHLC/DBLHC,... BUT you have to look at the bigger picture (higher timeframes) and to the left on the chart too.

The EU 4 hr tf supported a short and there was a S&D zone above the range on the 5 min chart. The S&D zone was tested by the pin before price began to drop.
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