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Chair pattern

  • #1
  • First Post: May 14, 2013 10:12pm May 14, 2013 10:12pm
i have noticed this pattern many times i name it chair pattern because it is mine as i have noticed it
i will talk more about it later
lets watch what eurjpy will do break up to 132.61 or to chair target at 131.50

all have a nice day
Attached Image (click to enlarge)
Click to Enlarge Name: chair patteren.png Size: 209 KB
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  • #2
  • May 15, 2013 9:47am May 15, 2013 9:47am
patten made its target at 131.50
good luck all and have a nice day
focus while relaxed to see better
  • #3
  • May 15, 2013 9:59pm May 15, 2013 9:59pm
we have another chair in eurjpy

long at 131.70 stop loss 131.20 target 132.10

short at 131.20 stop loss 131.70 target 130

have a nice day
Attached Image (click to enlarge)
Click to Enlarge Name: chaireurjpy.png Size: 754 KB
Attached Image
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  • #4
  • May 15, 2013 11:03pm May 15, 2013 11:03pm
I use several chairs, in case one breaks. Then I have another chair to fall back on.
Attached Image (click to enlarge)
Click to Enlarge Name: severalchairs.gif Size: 113 KB
Time turns trend. - W.D. Gann
  • #5
  • May 16, 2013 12:25am May 16, 2013 12:25am
Quoting ForExtraPips
I use several chairs, in case one breaks. Then I have another chair to fall back on. {image}
i use one only but high quality every several years from ikea only
thank you sir have a nice day
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  • #6
  • May 16, 2013 6:00am May 16, 2013 6:00am
Quoting orabi
we have another chair in eurjpy long at 131.70 stop loss 131.20 target 132.10 short at 131.20 stop loss 131.70 target 130 have a nice day {image} {image}
we made our target in long eurjpy
now we could short or wait to a break of 131.20 level
focus while relaxed to see better
  • #7
  • May 17, 2013 4:22pm May 17, 2013 4:22pm
Dear Orabi, in your fist image it is look like triangle pattern for me, and the last one it is look like double top pattern. Maybe yiu can give standard more specific for your chair pattern

------

ma breakout
  • #8
  • May 17, 2013 4:42pm May 17, 2013 4:42pm
Quoting pindang
Dear Orabi, in your fist image it is look like triangle pattern for me, and the last one it is look like double top pattern. Maybe yiu can give standard more specific for your chair pattern ------ ma breakout
hello dear sir
in second chart the fibo was drawn little far from the first chair border .
this pattern depends on a simple logic
that bullls and bears have made three ups and downs (highs and lows ) draw a chair which is from the first up and to the last down with a condition that that the middle up or down (high or low) should correct 68% at least of move from upper to lower border .
you then draw a trend line it it breaks to up you buy aim is 23% correction and if it breaks to down side you sell
i called it chair pattern because it can complete to the down side and complete a chair look pattern.

yes you can find another pattern inside a pattern i am sorry you can just forget about it or think about it
i consider it profitable and with value that why i have added it up
have a nice day sir
focus while relaxed to see better
  • #9
  • May 17, 2013 5:06pm May 17, 2013 5:06pm
Quoting orabi
{quote} hello dear sir in second chart the fibo was drawn little far from the first chair border . this pattern depends on a simple logic that bullls and bears have made three ups and downs (highs and lows ) draw a chair which is from the first up and to the last down with a condition that that the middle up or down (high or low) should correct 68% at least of move from upper to lower border . you then draw a trend line it it breaks to up you buy aim is 23% correction and if it breaks to down side you sell i called it chair pattern because...
By the time I'm finished drawing "chairs" it would look like nothing
more than the following;
(I like it more when I don't need to "draw" anything)
Attached Image (click to enlarge)
Click to Enlarge Name: wut.png Size: 42 KB
When the Joker is in the deck.. fear not and play it well
  • #10
  • May 17, 2013 5:11pm May 17, 2013 5:11pm
Quoting Slim Buffett
{quote} By the time I'm finished drawing "chairs" it would look like nothing more than the following; (I like it more when I don't need to "draw" anything) {image}
hello dear sir
as you know some like to draw but i understand your point i think you like price action methods i consider them strong too but you we will always need some tool to help you out
have a nice day sir
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  • #11
  • Last Post: May 17, 2013 5:57pm May 17, 2013 5:57pm
the first chart also the lower border should be lower but i have draw ed it this way to show the trend line out
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