ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
Statistical significance of TA-patterns (S/R, Chart & Candlesticks) 4 replies
How To Predict Trends & Counter Trends? 7 replies
Is there a pair that often trends when Eur/Usd ranges and vice versa? 3 replies
Chart Patterns & Fibonacci Numbers 0 replies
DislikedThis 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.Ignored
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.Ignored
DislikedThis pic is a close-up of the one above. It's the EUR/USD 15' with the bear flag starting on 2-10-2012.
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...Ignored