DislikedMarket is so intense and trendy that for the first time I see Total Currency Strenght Analyser over 200 ! Remember something for 2016 ! => YEN will be so strong. {image}Ignored
- #402
- Edited 8:27pm Jun 12, 2016 3:39pm | Edited 8:27pm
- | Commercial User | Joined May 2015 | 654 Posts
Daily M Pattern has just been hit @ 151.50 {image} Notice: 12 signals on 14 are really good (Arrows) from Sentiment Traders indi
I followed CSA... I entered short on M base... target 500 pips
Does M & W Pattern really works? Check this out... TETRIS PATTERN + Hypothetical TakeProfit hit... Huge amount of Pips. ChfJpy: Monthly chart {image} It happened... And it will Happen again !!!
{quote} YEN the strongest again... {image} Let's have a look at UsdJpy Monthly chart: We have an Head & Shoulder pattern... strong bearish signal (monthly chart) Market is breaking down the 116 support level... I will be looking for a retest there to enter short {image}
- #410
- Jun 26, 2016 1:01pm Jun 26, 2016 1:01pm
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts
- 1,000 pip loss !
So.... why was there no reversal at this beautiful "Supply Zone" ?
So.... why was there no reversal at this beautiful "Supply Zone" ?
- 1,000 pip loss ! So.... why was there no reversal at this beautiful "Supply Zone" ?
M & W Patterns identifies specific Supply and Demand Zone.
Why all Patterns don't work?...Otherwise market would range 100% of the time forming constantly Tetris Patterns.
When It doesn't work... your SL isn't set 1000 pips away from entry point... It's pointless.
Secondly, CSA at that time could have alerted of imminent breakout... like it did on GbpJpy... Refer to post above. I used CSA to predict failure of M H4 & daily M.
Conclusion:
- You may win 1000 pips on large timeframe patterns formation
- You never lose over 100 pips... If market breaks, you are smart enough to realize market is breaking and so you close your trade.
- #412
- Jun 26, 2016 1:47pm Jun 26, 2016 1:47pm
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts
{quote} Not a joke. The point is (in reality) : there is absolutely no difference between a losing signal and a winning one ... "you may win 1000 pips" and then proceed to lose it all 100 pips per losing trade. This is the important bit ==> Any tradable financial market must be "designed" this way in order for it to persist.
If so, are you unsuccessful?
I only pay attention for large Patterns (H4 to monthly)
By the way, I see a lot of downloads and no one is sharing his feedback...
- #414
- Jun 26, 2016 11:48pm Jun 26, 2016 11:48pm
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts
{quote} I know you have been here for long. Maybe you are sharing your feedback on M - W Patterns Indi? If so, are you unsuccessful? I only pay attention for large Patterns (H4 to monthly) By the way, I see a lot of downloads and no one is sharing his feedback...
I think there is no feedback because any pattern offers no edge, except as a way to look at the data (and that's no edge) which leads to very subjective decisions..
It's like reading tea leaves.... the interpretation is key.
As far as my feedback, I came across the screen shot that you provided, I immediately saw the huge "hindsight is always 20/20" aspect of it.
I don't mean that in a negative way.
what one sees in the price pattern is not as important as one's reaction to it.
{quote} I think there is no feedback because any pattern offers no edge, except as a way to look at the data (and that's no edge) which leads to very subjective decisions.. It's like reading tea leaves.... the interpretation is key. As far as my feedback, I came across the screen shot that you provided, I immediately saw the huge "hindsight is always 20/20" aspect of it. I don't mean that in a negative way. what one sees in the price pattern is not as important as one's reaction to it.
Peraphs you don't use it? Peraphs you don't read it correctly yet?
For example, right now we know the market is very volatile due to Brexit event and so market is suspected to breakout resistance and support level. So you can reverse pretty much all signals. Looking as CSA, total tends to maintain in very high level since days... so it's not just a spike... market is really trendy! Trendy so it breaks supply and demand zone.
If you only look at patterns itself, then there is probably no edge indeed. CSA is your fundamental tool.
Actual CSA:
Please refer to post above (last time I posted CSA value: you will notice that Jpy is still the strongest and Gbp the weakest for weeks now!). That means that you can enter short on W and reverse M signal as the trend is massively bearish.
have a look a GbpJpy. I Just closed another +250 pips this morning.
I provide a tool... to help you to make the right trading decision. If you don't, there is no edge. Trading isn't easy... but I show how it's possible.
Right now, we have over 1000 traders that have tried the Indi... No one posts chart to ask I followed this signal... It didn't work! why?
Probably I could help and provide usefull insight about trade. So next time. Trader will learn from his error, and might avoid fake or unclear signals.... But I can't force people to like my trading style. I share it that's it.
As usual enjoy trading.
- #416
- Jun 27, 2016 6:32am Jun 27, 2016 6:32am
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts
- #417
- Edited 11:10am Jun 27, 2016 9:28am | Edited 11:10am
- | Commercial User | Joined May 2015 | 654 Posts
{quote} Indeed, something like your CSA indicator is probably a good idea.
- #418
- Jul 1, 2016 6:38am Jul 1, 2016 6:38am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
Hi PipsFestival, I looked at the crazytraderfx blog and saw Example: EURUSD 2014 - M Pattern canceled by Center Point. In these failure cases, will looking at the CSA as price moves toward that center point give a warning of a likely failure due to the pair reversing strength, or does that strength change occur too late to be of help at the center point? DrDave
I see your point. If market hit Center Point, then Currencies pair on CSA must be neutral or reversed temporarily... Then if few times after, currencies start to go in the same opposite direction.. It may confirm than Center point won't be broken.
I can't find proper example now... but I will show you what indicated CSA data when market pullback on previous kel level zone.
Here it's not on Center point but Support M zone... but CSA behaves the same way.
I hope it helps