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MY NEW PATTERN
Member Since Nov 21, 2011
1601 posts
Jan 15, 2014 at 16:23
sommerxp posted:
so You waiting for 140. 000-ish and take a long buy position?? Me to , but it will be most probably in monday -tuesday next week hope so anyway we have to wait few days
Yes...
If it can't bounce or hold... price will start a bearish pattern on BB Low H4.
Member Since Nov 21, 2011
1601 posts
Jan 15, 2014 at 23:46
Here just a nice bullish pattern on NZDUSD Min30:
That was a bullish Pattern:
- So the begining is a long signal. (Step 1)
- The end of the pattern suggests a sell signal. (Step 3)
Look at both signals: 15 SL pips was enough.
That was a bullish Pattern:
- So the begining is a long signal. (Step 1)
- The end of the pattern suggests a sell signal. (Step 3)
Look at both signals: 15 SL pips was enough.
Member Since Nov 21, 2011
1601 posts
Jan 17, 2014 at 22:01
Market looks kind and it's willing to offer the Long entry on 38% Fib
You have noticed that BB on H4 is now straight and narrow again... meaning that a price action is ready to happen any time.
So as it gets close from BB Low, market could break 38% Fib and starts Step 1 of bearish Pattern. This would lead to the continuation of the "Inside (Step 2)" on Daily Pattern and market will retrace to the 50% Fib.
The Pattern is easy to follow and understand... it's like a matriochka
You have noticed that BB on H4 is now straight and narrow again... meaning that a price action is ready to happen any time.
So as it gets close from BB Low, market could break 38% Fib and starts Step 1 of bearish Pattern. This would lead to the continuation of the "Inside (Step 2)" on Daily Pattern and market will retrace to the 50% Fib.
The Pattern is easy to follow and understand... it's like a matriochka
Attachments:
Member Since Nov 21, 2011
1601 posts
Jan 20, 2014 at 00:41
Support bought @ 140.55 SL 10 pips is enough
Member Since Nov 21, 2011
1601 posts
Jan 20, 2014 at 01:04
A very tight SL as Bearish pattern is on Step 1 on 15Min, 30Min, H1 and it would be on H4 price closes below 140.50
Member Since Nov 21, 2011
1601 posts
Jan 21, 2014 at 03:42
Member Since Nov 21, 2011
1601 posts
Jan 24, 2014 at 22:15
Ok Let's go to 50% Fib
Member Since Jan 14, 2014
166 posts
Jan 25, 2014 at 13:41
Very good system!
Thanks
Thanks
Member Since Nov 21, 2011
1601 posts
Jan 25, 2014 at 15:32
Here a very nice example on EURUSD last friday 01/24/2014
Sell signal has been issued at the end of the bullish pattern which is also the end of the price action.
Trading is about timing... When it the right moment to enter a trade? PRZ gives momentum for the action.
Look at the chart below and compare both:
Sell signal has been issued at the end of the bullish pattern which is also the end of the price action.
Trading is about timing... When it the right moment to enter a trade? PRZ gives momentum for the action.
Look at the chart below and compare both:
Attachments:
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