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M&W Pattern Indicator

  • #361
  • Apr 13, 2016 2:59pm Apr 13, 2016 2:59pm
Quoting Gallauco
hi pipfestival... can i have some tips about the csa ... am i right this way : csa total value +180 reverse from bear to bull or viceversa form 120 to 180 the trend continue under 120 reverse so for example if the pattern indi suggests me sell ...i take a look to csa ..... under 120 or over 180 i enter the market .... between 120 and 170-180 ...i have to wait ... what do you thing? right?
Hi,

That's pretty much the way to use CSA.

All I can confirm is around 180... market is reaching a significant move (global extension) bear or bull... it will be interesting to watch market to find the pair that will retrace.

I will try to post next time an example.
  • #362
  • Apr 14, 2016 1:37pm Apr 14, 2016 1:37pm
yes thanks... i have to understand better the pattern signals linked with csa and cross value....
  • #363
  • Apr 18, 2016 6:48pm Apr 18, 2016 6:48pm
Quoting Gallauco
yes thanks... i have to understand better the pattern signals linked with csa and cross value....
AUD news in 2 hours while CSA has just started to reach maximum: It could last for a couple of hours.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_552.png Size: 23 KB


I suspect AUD to go higher.
So I'm long AUDCHF as 80% traders are short.

About M&W Patterns:
Here we had a M on GBPJPY on Daily:
http://www.myfxbook.com/files/CrazyT...WNJeVoJHCG.png
It looks like a false breakout.. and now the pair could make a significant move up.

Also we have W on H1... but remember the rules, W must happen on top of the chart... so this one could be a good signal to reverse it:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_553.png Size: 32 KB

Also CSA is very high (190 now).. so it could warn for global market breakout during asian session
  • #364
  • Apr 19, 2016 2:06am Apr 19, 2016 2:06am
Another example right now on EURNZD Daily M just happened:
View chart [ Here ]

CSA is too intense... and NZD so strong (as AUD) This M is too small... It could form a much larger Pattern

A good opportunity to enter short...
  • #365
  • Apr 20, 2016 7:23pm Apr 20, 2016 7:23pm
PipsFestival - Thanks for the thread. Whats tle logice behind m and w trading?
Cheers
GF
  • #366
  • Apr 21, 2016 4:50am Apr 21, 2016 4:50am
Quoting goldfinger
PipsFestival - Thanks for the thread. Whats tle logice behind m and w trading? Cheers GF
Hi Goldfinger,

The logic behind M&W Patterns is to detect constant and repetitive moves on market.

It helps to identify opportunities to enter on Support or Resistance Level.
Center Point can also be use as pullback on certain patterns.
Higher time frames the better it is.
Depending on Market volatility, Patterns can be used as breakout level while CSA indicates active market.

Hope it helps.

Cheers
  • #367
  • Apr 21, 2016 5:15am Apr 21, 2016 5:15am
Quoting PipsFestival
{quote} Hi Goldfinger, The logic behind M&W Patterns is to detect constant and repetitive moves on market. It helps to identify opportunities to enter on Support or Resistance Level. Center Point can also be use as pullback on certain patterns. Higher time frames the better it is. Depending on Market volatility, Patterns can be used as breakout level while CSA indicates active market. Hope it helps. Cheers
Thanks- I know this trader who Predicts moves accurately 80-90% of the time. He caught the whole move on DOW to the upside while most of the traders I know including myself were bearish on DOW. He is very confident. He does have losing trades but his winning trades are really big.
What I know is that he trades m pattern.He also measures the leg and by that measure he can predict where the next leg is going to reach.
His M is different to yours though. According to your w DOW should have tanked, He is still bullish and thinks DOW has a few more points to go.I will pm you with some of his ideas.
  • #368
  • Apr 21, 2016 5:49am Apr 21, 2016 5:49am
Quoting goldfinger
{quote} Thanks- I know this trader who Predicts moves accurately 80-90% of the time. He caught the whole move on DOW to the upside while most of the traders I know including myself were bearish on DOW. He is very confident. He does have losing trades but his winning trades are really big. What I know is that he trades m pattern.He also measures the leg and by that measure he can predict where the next leg is going to reach. His M is different to yours though. According to your w DOW should have tanked, He is still bullish and thinks DOW has a few...
Hello,

I'm not familliar with DOW, but feel free to post screenshot charts with comments. it will be easier to see what going on.

cheers
  • #369
  • Apr 22, 2016 6:21am Apr 22, 2016 6:21am
GbpAud H1 M&W Pattern (Tetris)

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_554.png Size: 53 KB
  • #370
  • Apr 22, 2016 7:10am Apr 22, 2016 7:10am
Quoting PipsFestival
{quote} AUD news in 2 hours while CSA has just started to reach maximum: It could last for a couple of hours. {image} I suspect AUD to go higher. So I'm long AUDCHF as 80% traders are short. About M&W Patterns: Here we had a M on GBPJPY on Daily: http://www.myfxbook.com/files/CrazyT...WNJeVoJHCG.png It looks like a false breakout.. and now the pair could make a significant move up. Also we have W on H1... but remember the rules, W must happen on top of the chart... so this one could be a good signal to reverse it:...
GbpJpy + 350pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_555.png Size: 31 KB
  • #371
  • Apr 24, 2016 7:00am Apr 24, 2016 7:00am
hi pipsfestival....
in this last gbpjpy pattern the indi gave 2 false signal. the first m gave signal too early the second W was completely false... you entered opposite the false W signal? or you already entered right on the first m signal? you took a look at csa?
  • #372
  • Apr 24, 2016 10:41am Apr 24, 2016 10:41am
Quoting Gallauco
hi pipsfestival.... in this last gbpjpy pattern the indi gave 2 false signal. the first m gave signal too early the second W was completely false... you entered opposite the false W signal? or you already entered right on the first m signal? you took a look at csa?
Hi Gallauco,

there is no right or wrong signals... The traders needs to make the right trading decisions.
M & W Patterns are here to help you to identify opportunities.
Also on the part 5 "How to filter trade" from the [ blog ] it will teach you why this W wasn't a good Sell signal. This resistance level must be used as 'If market breaks out this resistance level.. then a significant move higher car occur. Also I explained live why I would reverse the trade from there. CSA was too high to ignore violent potential volatility. ... See what happens, GbpJpy rose 500 pips.

Sometimes it worths to understand what market is doing (Price Action) near those M & W levels... As you said, the first M is too early. I wouldn't say this.. In fact Market has performed a false breakout...no one can predict it before it happens. But the trader can then see it...and try to re-enter from there. What we are talking about on the H1 pattern... it is the same thing that happened on Daily. Have a look at the Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_556.png Size: 50 KB


If you understand these moves in real time, next time you will make the right trading decisions on your own as I did live.
  • #373
  • Apr 25, 2016 1:40pm Apr 25, 2016 1:40pm
hi pip festival...
i d like to have more tips about ccs .. and single cross streght
so a w signal is good if appears on the top of the chart ..so the signal got high % to go sell
m signal goodon the bottom of chart for a buy entrance
ok...
but ... i saw that the single cross strenght is not predictive about the future direction of the path... its much more a photo of the already happend situation....for example... if a pair got a a +4 point on buy ... you take a look to the chart and you see this buy movement is already happened with some bullish candles ....
so if the pattern( or the ccs channel) told me to enter short and the pair got a +4 buy ... i can wait to enter short to be more safe..or enering directly because i know there are a lot of chances this +4 will go down and down ...( +4 is almost the higher value of cs dash)
i saw with a lot of trying that the pattern signal is stronger then any cs dash value ...but if i want to be more conservative i avoid the +2,+2,5 csdash signal against my pattern signal ...
if csdash signal is in the same pattern direction you got almost 100% of chances to take the right movement...
i think csa is a stronger signal because is more predictive of the future trend,....
so i did a lot of trying...with this results:
trading the pattern signals with a csa low till 120 point you got high % to take the pips
trading the pattern signals with a csa medium ( 120-150) you got 50% to take the pips ...so its better to take a look also to the single corss pair strenght
if csa is higher then 150 ...its better to trade against the pattern signal...
what do you think about it?
how do you use the csa value?
thanks
  • #374
  • Apr 26, 2016 5:33am Apr 26, 2016 5:33am
Quoting Gallauco
hi pip festival... i d like to have more tips about ccs .. and single cross streght so a w signal is good if appears on the top of the chart ..so the signal got high % to go sell m signal goodon the bottom of chart for a buy entrance ok... but ... i saw that the single cross strenght is not predictive about the future direction of the path... its much more a photo of the already happend situation....for example... if a pair got a a +4 point on buy ... you take a look to the chart and you see this buy movement is already happened with some bullish...
Hi Gallauco,

Once more, thank you for your interest:

I think you refer to another Indicator cs Dash... I don't use it. It is good, I have checked myself once and we get the same results.

I prefer My CSA for one reason... It provides global volatility of market. "Total points"

The way you use CSA is correct

  1. <120 (Classical signals M&W Patterns)
  2. >=120 to < 150 (Watch out... Market could breakout support/resistance zone or give a false breakout.
  3. >=150 (Better to reverse signals as market is strong, especially is currencies are in the opposite places... strongest vs weakest)

Better to post screen shot of the trade you are talking about to talk about it. (Patterns + CSA)

Cheers

  • #375
  • Apr 26, 2016 7:00am Apr 26, 2016 7:00am
Best call ever... + 1300 pips on GBPCAD from february 22th 2016. I called Short as a beautifull M pattern could appeared on chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_557.png Size: 119 KB


Source Chart [ GbpCad ]


Now market seems to go up from the anticipated M pattern.

Go long if you want to ride the up trend...
  • #376
  • Apr 27, 2016 6:46am Apr 27, 2016 6:46am
Alerting live of potential M's on EurCad:
View chart [ Here ]
Source chart [ EurCad ]

We are now back on Center Point Level of the W (orange) The first pullback there was such a great call to be long (last green arrow)
  • #377
  • Apr 27, 2016 7:05am Apr 27, 2016 7:05am
now im looking to audchf and geb jap on h4 still not entered.... currency pairs are strongly vs this pattern
  • #378
  • Apr 28, 2016 4:59am Apr 28, 2016 4:59am
Quoting Gallauco
now im looking to audchf and geb jap on h4 still not entered.... currency pairs are strongly vs this pattern
GbpJpy... that was perfect signal
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_561.png Size: 43 KB
:
  • #379
  • Apr 28, 2016 5:18pm Apr 28, 2016 5:18pm
Nice M on UsdJpy H4
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_564.png Size: 40 KB
  • #380
  • Apr 29, 2016 4:34pm Apr 29, 2016 4:34pm
What's going on EurUsd?

Now the pair is ranging for over a year... and you know how a range ends up right?... by a breakout up or down.
I feel like this is going to happen next week... Unfortunately 80% traders are already in short positions, this is why I suspect market to break out this range by the upside.

Monthly view:
Attached Image (click to enlarge)
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Daily view:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_566.png Size: 78 KB


Enjoy.
Pips festival
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