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Attachments: Chart Patterns, Ranges & Trends
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Chart Patterns, Ranges & Trends

  • Post #1
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  • First Post: Edited Mar 29, 2012 1:36am Feb 11, 2012 4:39am | Edited Mar 29, 2012 1:36am
G
rat
Ranging for 18 months
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rat
if we break back above 1.3214-21 then i would not be shorting anymore... we dropped down to test the h4 bull breakout imo... my system has partly confirmed resumption of upmove:
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This is why this is a good idea to exchange chart ideas patterns etc where others have there trendlines on there charts. Very important.

Your trendline is at a far steeper gradient which in affect will be broken easier eventually.
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rat
Quoting rattyo
This is why this is a good idea to exchange chart ideas patterns etc where others have there trendlines on there charts. Very important.

Your trendline is at a far steeper gradient which in affect will be broken easier eventually.
perhaps but the chart attached below didn't do that until over 1000 pips were cleared... we've dropped 2300 pips since the top... expecting higher... also your TF is 15mins... if you calculated your broken wedge, it would take us to 1.3031 roughly... that would break the h4 TL... and we all know that TL/patterns on bigger TF are stronger than small TF...
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Quoting rattyo
G'Day Everyone,

I would like to start a Diary of Charts here as you spot them during the trading day. If we keep these charts to 15 min and above that would be best.
For Example last weeks EURUSD Rising Wedge.
Congrats for starting the New Thread, Sis

I like your IDEA opened Chart Patterns, Ranges & Trends Thread.
I hope can HELP Newbies or Experienced Traders to learn about Chart Patterns & find Trends from this Thread.

I really appreciate if Senior Traders will Sharing for it

All the BEST
Always looking the GREAT, never left GOOD Point...
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If there was easy money lying around,no one would be forcing it into your
Quoting FXMindset

This pic is a close-up of the one above. It's the EUR/USD 15' with the bear flag starting on 2-10-2012.

http://www.marketweb20.com/img/2-10-bearflag.jpg

It shows the 'BEAR Flag" that is fairly easy to spot and trade. I put the parameters in the pic to show how a target is measured. It amounts to measuring the pole and then subtracting that from the breakout point.

Also, what should be required when trading this, or any pattern for that matter, is supporting indicators. Note the two indicators below the chart. They support the drop in price coming up.

I've been a pattern trader for years and I like to keep everything as simple as possible.

Good trading
RT...
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Quoting rtsurvivor
This pic is a close-up of the one above. It's the EUR/USD 15' with the bear flag starting on 2-10-2012.

http://www.marketweb20.com/img/2-10-bearflag.jpg

It shows the 'BEAR Flag" that is fairly easy to spot and trade. I put the parameters in the pic to show how a target is measured. It amounts to measuring the pole and then subtracting that from the breakout point.

Also, what should be required when trading this, or any pattern for that matter, is supporting indicators. Note the two indicators below the chart. They support...
I think you cant connected 2 candle on 15 TF become a flag
Btw GL
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If there was easy money lying around,no one would be forcing it into your
  • Post #10
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  • Last Post: Feb 19, 2012 3:41pm Feb 19, 2012 3:41pm
Sure you can. that's what makes chart patterns an art and not a science. There are no hard and fast rules on the size of a flag.

What actually happened is that the downward move of the pole took a break and retraced a bit. It does not have to be a lot, just enough to give the Bear Flag Pole a bottom. The bottom of the pole is the Breakout point. So, if you measure the pole you will have an "Estimate" the move down from the break out to the down side.

Good trading
RT...
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