The SONS Method

Re. Owl's statement: I don't know either.

Now you're showing us the GJ (my favorite pair, part of the reason I'm following this thread) again in more detail, and the second time around, am beginning to see the patterns you've labeled on the chart more clearly. Now I see why you use the line chart - which I never use - because it makes the patterns more immediately recognizable. Now that I see it with the line chart the first double bottom has that eerie (not going to define that for you) look of the 2007 H&S in GJ, the chart pattern that inspired me to say in a document I wrote on forex at the time (was not trying to make any money on it) that chart patterns are signs from God. Without the line chart it doesn't look like much at all. So this is an aid in recognition, thanks.

In spite of saying that about chart patterns back in 2007 have never pursued too seriously the ability to really recognize and know these patterns and base my trading on them, for some reason. That would probably be the next logical step.

You should really right click on the profit part of your MT4 and change it to PIPS, people might take it a little more serious.

jt

Example 2 for GJ @ 10/01/2013 (part 1) :
P/s: Please use FXCM broker to provide sharp and accurate chart signals.
Demo acc is my choice at this moment to earn money due to insufficient fund to open any real account.

GJ Weekly chart:
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Last time we hit profit on 2nd profit target..Now we going to hit 3rd profit target!

http://img713.imageshack.us/img713/580/12465961.gif

GJ H4 Chart :~
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Bullish Flag with Double Bottom were formed on 10 January 2013 .The predicted profit target from Bullish Flag was estimated higher then 3rd profit target!Now in is time for us to enter ~
http://img27.imageshack.us/img27/7302/61218617.gif

GJ H1 Chart :~
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Rule says that for Double Bottom:
Make sure candle from 8am to 11am are ABOVE pivot point.Even One single candle with wick of candle touch pivot level or crossing the current day pivot level must consider as VOID.
Enter with 7 entries with 500 lots each.
http://img829.imageshack.us/img829/8772/50844048.gif
Continues on Example 2 for GJ !

Example 2 for GJ @ 10/01/2013 (part 2) :
P/s: Please use FXCM broker to provide sharp and accurate chart signals.
Demo acc is my choice at this moment to earn money due to insufficient fund to open any real account.

After 24 hours for trading,here are the result~

GJ H1 Chart:~
=========
http://img69.imageshack.us/img69/5169/52472788.gif

Profit with USD 6.4million (Demo acc only ya~)

GJ H4 Chart:~
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http://img577.imageshack.us/img577/8613/86417321.gif

The trend was nearly touching the 3rd profit target ya~

GJ Weekly Chart:~
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http://img685.imageshack.us/img685/9105/12216873.gif
Weekly chart shown that the trend actually at middle way to hit the 3rd profit target.

After estimation of 12 hours of trading,here are the result:~
GJ H1 Chart on 12/01/2013:~
===================

http://img856.imageshack.us/img856/9479/80856908.gif
I close all the entries due to Market are unstable (Candle from 8am to 11am are ABOVE pivot point.Mean the trend are still ON TRACK and possible to shoot up more volatile! But eventually the trend finally break the pivot level on night (based on my current country time +8 .around 9 -10pm)and bounce back .For secure profit, it better for me to exit all entries. )
Profit of USD 6.4million (Demo account) in the end !Yahoo~

Hai, it seem double top is form ??
Well done vin...

As it turns out GJ did manage to rack up about 50 more pips but maybe prudent to get out before the retrace. I found a big Gartley Pattern on the H1 chart today, about a week long, that points in an upward direction. This was found using software but now that the software and various print media are informing me about these less recognisable patterns, will try and get so I can recognise them on my own. Believe this (patterns) is key to results in forex.

15:45 GMT: Upps! D just slid below X. This might be a lesson in waiting till price movement in the desired direction actually occurs, before enterning a trade. Also maybe was wrong to characterize this as a big Gartley Pattern, since A-to-D was only two days.

Interesting brucewhain... Mind to share you photo here ? i would like to learn something regarding Gartley Pattern.
Beside that, H4 would be form another double bottom soon ?

An article about the pattern by a well known trader is attached. As far as I know his approach to trading it is exemplified by the ZUP 84 indicator, which can be found at forexfisherman.com, though IBFX AutoChartist might be just as good. ZUP only does Gartleys.

Here are another winning trade that involving principle for taking profit!
25/01/2013 @0830am (Malaysia Time GMT +8)

GJ H4 Chart
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Signal for Bullish Flag+Double Bottom in the middle of uptrend with marked profit target on last week..having 6 entries at that moment.
http://img19.imageshack.us/img19/2434/59809140.gif
GJ H1 Chart
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http://img194.imageshack.us/img194/4394/48062719.gif

Results for GJ H4 Chart
===============
http://img33.imageshack.us/img33/152/43644777.gif
and the last....
GJ H1 chart with result
==============
http://img850.imageshack.us/img850/6708/20552202.gif

How to take profit in this cases:
1.Simple Take Profit method (STPM) :"Profit for USD1.5m =Margin Requirement for 3k lots>US1.5m -->Exits for sure !"
Remember ~play safe!
P/s :Based on above GJ H1 Chart,as you can see,pivot level on Monday (28/01/2013) are very near to our current moving candle...there is a possibility to have a bearish market..So, exits for sure !!

Well I had a feeling it might continue up then, so did the us-yen, but how to be sure enough to trade. Watching the analysis.