DislikedAUDCAD 5 min Bat Bat 3 Major Struct 2 RSI Divergence 1 Ratio Confirmation 1 HTF Confirmation 1 {image}Ignored
Price pattern scanner where I choose the pattern 4 replies
Pattern's Chemo-Electric Trading Journal 1,013 replies
Harmonic Pattern Journal 79 replies
Bronco Capital's ABCD Harmonic Pattern Journal 94 replies
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Disliked{quote} Ah that is just a CTS (combined technical score) think it has a few names. Basically a checklist so you trade more consistently and less willy nilly has helped me alot. It can be whatever you want to look at for example mine is: RSI 5 20/80 Over Bought over Sold 1 RSI Divergence 1 Minor Structure 1 Major Structure 4hr Chart 2 Ratio Confirmation Fibs lining up in one point 1 HTF Confirmation 1 AB=CD completion 2 Gartley/Butterfly/Bat Completion/Cypher 3 Additional Test of Structure 1 My trading plan allows for me to open half sized position...Ignored
DislikedAsr1 sorry I had gotten caught up in moving to a new broker ;D that one looks like it would be outside my rules since it pulled back and closed past the 61.8 However was ju shy of being a cypher on my data lol. I had stopped trading butterflies the R:R rarely worked out for me Think I may be done with this thread for now. After working on it for awhile and keeping to my CTS the Cypher/Garlety/Bat patterns appear to be profitable at least last few months. Although they can be highly subjective but with fib ratios it can be backtested and practiced...Ignored