GA 200 pips.
Attached Image (click to enlarge)
The only pattern you might need is AB-C-D .
You have AB anyway, so find C by Fib Retrac and/or strong levels like pivots ( daily, weekly, monthly ) and/or Hidden Divergance
Then use tools like fib expansion and/or rest of levels like S1,S2,S3 and/or R1,R2,R3 of AB direction starting from point C (usually between 38.2% and 61.8% of AB ) to find your D level.
That's it
.
It's simple, but I know it is not easy. Not all my positions land on green pips.
Others are rubbish, sometimes good result, sometimes disaster !
Wolf, Bat, Human, Horse, sweet potato patterns and others are bullshit, all these craps describe pure price actions and money flows.
When I want to enter the market, always ask a question of myself:
If I sit down in front of a monitor and work for institutional trading floors want to open 100 lots in one position, do I jump middle of nowhere and set SL:20 TP:40 with RR 1:2 ?
Or I enter at highly crowded levels or on fibo levels or on pivot levels or with divergence ?
-----------------------------------------------------------------------------------------------------------------
In short, If just follow this thread rules like highly skilled and professional traders who show the entry, the reason, and the exit everyday , you have guaranteed your success and green pips over the time.
And the best part is that all information and indicators and levels and bla bla bla are for FREE with lifetime support and guarantee
You have AB anyway, so find C by Fib Retrac and/or strong levels like pivots ( daily, weekly, monthly ) and/or Hidden Divergance
Then use tools like fib expansion and/or rest of levels like S1,S2,S3 and/or R1,R2,R3 of AB direction starting from point C (usually between 38.2% and 61.8% of AB ) to find your D level.
That's it
. It's simple, but I know it is not easy. Not all my positions land on green pips.
Others are rubbish, sometimes good result, sometimes disaster !
Wolf, Bat, Human, Horse, sweet potato patterns and others are bullshit, all these craps describe pure price actions and money flows.
When I want to enter the market, always ask a question of myself:
If I sit down in front of a monitor and work for institutional trading floors want to open 100 lots in one position, do I jump middle of nowhere and set SL:20 TP:40 with RR 1:2 ?
Or I enter at highly crowded levels or on fibo levels or on pivot levels or with divergence ?
-----------------------------------------------------------------------------------------------------------------
In short, If just follow this thread rules like highly skilled and professional traders who show the entry, the reason, and the exit everyday , you have guaranteed your success and green pips over the time.
And the best part is that all information and indicators and levels and bla bla bla are for FREE with lifetime support and guarantee
- #8,665
- Oct 1, 2015 7:11pm Oct 1, 2015 7:11pm
{quote} Did you win from casino or from trading to get such huge greenies?{quote} Thanks for a good clear chart view OS
{quote} Hi Subrina, I am trying to study your chart here and I played around with the pivot indicators I have. It got too messy with lines everywhere. Would you be willing to share your indicators and tpl with us? much appreciated.
- #8,668
- Oct 1, 2015 9:34pm Oct 1, 2015 9:34pm
{quote} Here you go
I basically try to duplicate it and look at it over and over so I can catch the same set up next time.
and here is a similar one for EU. I know its not exactly following your rule since PA did touch daily open line.
- #8,671
- Oct 1, 2015 11:52pm Oct 1, 2015 11:52pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} The % success of advanced patterns (bats, cyphers, gartleys, etc) is probably something that you could google search. However, the issue isn't with the indicator. The indicator is doing what it's supposed to do. It's the opinion of the traders in the market at the time that the pattern "completes"... it's the traders actions at those levels that dictate whether or not the indicator is forced to repaint. So, the indicator just shows you a potential turning point, whether or not price actually turns at that point is a whole different matter....
.We need to do more research for when to cut losses or let profit running...
Appreciation is the key to wealth and happiness
- #8,672
- Oct 2, 2015 12:10am Oct 2, 2015 12:10am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #8,673
- Oct 2, 2015 12:11am Oct 2, 2015 12:11am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
EURAUD-M30. IB OB break {image}
Appreciation is the key to wealth and happiness
- #8,674
- Oct 2, 2015 12:12am Oct 2, 2015 12:12am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #8,675
- Oct 2, 2015 12:13am Oct 2, 2015 12:13am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
EURAUD-M30. IB OB break {image}
wat a perfect setup/trade buddy - GA should follow ya tinks ? - #8,676
- Oct 2, 2015 12:17am Oct 2, 2015 12:17am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #8,677
- Oct 2, 2015 12:19am Oct 2, 2015 12:19am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote}
Sad i'm not trying to understand PA
- #8,678
- Oct 2, 2015 12:24am Oct 2, 2015 12:24am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #8,679
- Oct 2, 2015 12:26am Oct 2, 2015 12:26am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #8,680
- Oct 2, 2015 12:27am Oct 2, 2015 12:27am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} well said SK
been beat'n my head against brick wall on that one LK... ouch! here is AU for a tiny +375pips [4 trades - 1@ 35:75 & 3@30:100] - now there is some key things to take note of - first - i guessed the div - sure you can do that but you will also be wrong big time as well - second a normal TMS trade would have TP'd half but with more confirm 
- third - PA could have dived for a bigger ABCD pattern and smash'd me out of the park 
[side note - crappy wave count -hard to see/count on LTF]
