M&W Pattern Indicator | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Billy & Jim TMA & Channel & Life Health & Wealth 1,084 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Price pattern scanner where I choose the pattern 4 replies

Pattern Recognition indicator - Question 0 replies

Momentum price pattern indicator 0 replies

Attachments: M&W Pattern Indicator
Exit Attachments

M&W Pattern Indicator

  • #1
  • First Post: Edited Aug 6, 2021 3:27pm May 26, 2015 10:44am | Edited Aug 6, 2021 3:27pm
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Telegram Channel on MW Pattern

Real time signals

Free to join

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Contact on Telegram : [ Here ]

Website : [ Here ]



Hey Traders,




Video : Teaser MW Pattern (new Indi)


Video : MW Strategy


Attached Image (click to enlarge)
Click to Enlarge Name: Video-06-08-2021(2).gif Size: 972 KB


How Market Works?
Attached File(s)
File Type: pdf MW Pattern - CrazyTrader.pdf   1.5 MB | 3,277 downloads | Uploaded Mar 8, 2021 2:07pm

Attached File(s)
File Type: pdf MW Pattern - CrazyTrader v1.pdf   2.2 MB | 2,678 downloads | Uploaded Mar 30, 2021 5:19am


2021 Updates
MW Scanner :
- 1 chart scans all pairs

New Version :
- Alert on neckline level
- Dynamic target area
- Timeframe 1min to Monthly
- No repainting
- Forex, Indices, Crypto


Indi
MW indicator based on pattern called M & W.
Patterns are more reliable on high timeframe H4, D1, Weekly & Monthly.... but it requires a very long time to form.
MW are patterns that happen every single week on some pairs as cylce price movement always behave the same way. Going up and down... If we look at it closely, it forms letters M & W drawn on chart.

  1. M formation could generate a reversal set up => Bearish
  2. W formation could generate a reversal set up => Bullish


* On range markets, M can be a good opportunity for long and vice versa. Find out more on [ blog ]


About Indi
Indi sends alerts (MT4 or mobile notification) and displays MW patterns directly on chart


Trade set up
SL : 30 to 75 (depending on Timeframe)
TP : Risk/Reward up to 1:4


About Parameters
Some parameters are explained [ Here ] // Must be checked


Welcome on board


Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h1.png Size: 24 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h1.png Size: 21 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-p-d1.png Size: 29 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf-h1.png Size: 25 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h1.png Size: 21 KB

PipsFestival (CrazyTrader)

Cheers

  • #2
  • May 26, 2015 10:54am May 26, 2015 10:54am
why not share the indi out in the open (which is usual here) ?
  • #3
  • May 26, 2015 11:03am May 26, 2015 11:03am
Quoting BataviaTrade
why not share the indi out in the open (which is usual here) ?
He's trying to build a list of email addresses.
The spammers will pay for lists like that.
  • #4
  • May 26, 2015 11:04am May 26, 2015 11:04am
come now Fevtival, you're asking openly for testing resources and then you want private communication and private indi distribution?
sounds like you want to be a commercial member? If not then put it out there.
What would you do if you knew you could not fail?
  • #5
  • May 26, 2015 11:15am May 26, 2015 11:15am
reported
  • #6
  • Edited 12:01pm May 26, 2015 11:43am | Edited 12:01pm
Quoting BataviaTrade
why not share the indi out in the open (which is usual here) ?
I'm new, so I'm not used to it... i will do so then.

Introduction post has been edited.
  • #7
  • May 26, 2015 12:04pm May 26, 2015 12:04pm
This is what you should get on EURUSD if everything works fine...

Red cross Sell signal
Bleu cross Buy signal

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 20 KB
  • #8
  • May 26, 2015 12:38pm May 26, 2015 12:38pm
I don't understand.
One usually sells an M pattern and buys a W pattern.
  • #9
  • May 26, 2015 12:44pm May 26, 2015 12:44pm
Quoting profitkeeper
I don't understand. One usually sells an M pattern and buys a W pattern.
Here is the detailed patterns:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 27 KB
  • #10
  • May 26, 2015 4:17pm May 26, 2015 4:17pm
Let me tell you a story... A long time ago, NZDJPY was really interesting
4 calls in a row (Combo Patterns)
2 short signals won
1 long signal won

1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_282.png Size: 25 KB


2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_283.png Size: 25 KB


3
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_284.png Size: 30 KB


4
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_285.png Size: 42 KB


5
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_286.png Size: 27 KB



100% technical entry... can't do better swing entry:

Cheers
  • #11
  • May 26, 2015 4:47pm May 26, 2015 4:47pm
I still don't get your logic. Traditionally, an M pattern is at the top of a trend and a W is at the bottom. These jump out if you switch to a line chart. You sell a M and buy a W. You might get a couple of pips scalping the opposite, but that's it. An M represents a double TOP, and a W represents a double BOTTOM. It seems like you are just trying to capture the next leg of a ZigZag pattern - not looking for true Ms and Ws
  • #12
  • May 26, 2015 5:49pm May 26, 2015 5:49pm
I agree with your statement. I look for M patterns as a place to begin to look for a sell and W patterns as a place to begin to look for a buy. All in all, I wish you success PipsFestival on your trading journey.

Quoting profitkeeper
I still don't get your logic. Traditionally, an M pattern is at the top of a trend and a W is at the bottom. These jump out if you switch to a line chart. You sell a M and buy a W. You might get a couple of pips scalping the opposite, but that's it. An M represents a double TOP, and a W represents a double BOTTOM. It seems like you are just trying to capture the next leg of a ZigZag pattern - not looking for true Ms and Ws
  • #13
  • May 26, 2015 7:38pm May 26, 2015 7:38pm
Hmm... Aren't M&W patterns usually looked for in conjunction with Bollinger bands?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #14
  • May 26, 2015 9:48pm May 26, 2015 9:48pm
Thank you PipsFestival, subscribed with pleasure.

cheers
hannele
  • #15
  • May 26, 2015 11:45pm May 26, 2015 11:45pm
Looks good as a possible breakout system as well...

Can you go deeper into how the patterns are derived?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 89 KB
Solutions ONLY!!!
  • #16
  • May 27, 2015 12:11am May 27, 2015 12:11am
Quoting profitkeeper
I still don't get your logic. Traditionally, an M pattern is at the top of a trend and a W is at the bottom. These jump out if you switch to a line chart. You sell a M and buy a W. You might get a couple of pips scalping the opposite, but that's it. An M represents a double TOP, and a W represents a double BOTTOM. It seems like you are just trying to capture the next leg of a ZigZag pattern - not looking for true Ms and Ws
Indeed, You are used to draw Pattern outside the chart and I detect them by line chart... this is why we see opposite Patterns.
No scalping here, this is pure swing style 100% technical. Even with lowest timeframe 30M, you can have a look at your charts, you will see some very good calls. It's all about Risk/Reward: (1/3 minimum)
Last W (M for you) happened on GBPAUD weekly and it produced a retracement of 1000 pips from 2.000 area. If you close 10 pips, you shouldn't be using this strategy.
You should run your profit (ProfitKeeper) that the way to enjoy pips (PisFestival)
  • #17
  • May 27, 2015 12:13am May 27, 2015 12:13am
Quoting skenobi
Hmm... Aren't M&W patterns usually looked for in conjunction with Bollinger bands?
Thank you for your suggestions, if you have a moment to post a chart with Patterns + BB combo that would be nice : )
  • #18
  • May 27, 2015 12:14am May 27, 2015 12:14am
Quoting hannele
Thank you PipsFestival, subscribed with pleasure. cheers hannele
Hey hannele,
Thank you for you interest and personal message... I will take time to reply to you : )
  • #19
  • May 27, 2015 12:19am May 27, 2015 12:19am
Quoting BillYon
Looks good as a possible breakout system as well... Can you go deeper into how the patterns are derived? {image}
Hi BillYon
I see your point, As M & W Patterns are in fact double bottom or double top with specific structure, they do have a clear Resistance & Support line that can be easily breakout especially when a red news is happening... it can be a good strategy at that moment too.

I guess you have displayed zigzag Indi?
  • #20
  • May 27, 2015 12:31am May 27, 2015 12:31am
Quoting PipsFestival
{quote} Hi BillYon I see your point, As M & W Patterns are in fact double bottom or double top with specific structure, they do have a clear Resistance & Support line that can be easily breakout especially when a red news is happening... it can be a good strategy at that moment too. I guess you have displayed zigzag Indi?

Yes ZigZag
Solutions ONLY!!!
1 trader viewing now