Predictive chart patterns and set ups

This is a discussion on Predictive chart patterns and set ups within the General Trading Chat forums, part of the Reception category; I use the stochastic indicator and trend lines , it has improved my trading.Enjoy the free knowledge. See this videos ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 13, 2010, 7:07am   #37
Joined Mar 2007
Re: Predictive chart patterns and set ups

oildaytrader started this thread Trading price action on its own is fruitless in a random market.Most of what you see is random price action.Use price action with predictive chart patterns , stochastic indicator on hourly charts and trend lines in a trending market , the trading performance will be far superior and highly profitable.

http://www.tradingpriceaction.com/
oildaytrader is offline Trading arcade or proprietary trading company   Reply With Quote
Old Apr 24, 2010, 6:25am   #38
Joined Mar 2007
Re: Predictive chart patterns and set ups

oildaytrader started this thread Bullish engulfing pattern on 4 hour charts with momentum and trendline break , as seen on far right of chart , is always a good pattern.
Attached Thumbnails
bullish-engulfing.jpg  
oildaytrader is offline Trading arcade or proprietary trading company   Reply With Quote
Old Apr 29, 2010, 10:37am   #39
Joined Mar 2007
Re: Predictive chart patterns and set ups

oildaytrader started this thread How to trade these predictive chart patterns.

I use 1 15 min trendline break method using triple screen method on 15 min , 1 hour and 4 hour should all be in same direction

Here is an explanation and charts of 15 min trendline break method

http://www.forexfactory.com/showthread.php?t=163012

Stop losses 40 pips , target minimum 80 pips.for swing traders/set and forget intraday.

Stop loss 12 to 20 pips for day trading with target of 2 times stop

Entry rice momentum must be existent ,trendline reversal on 15 min

Exit trendline breaks with two bar break/ reversal confirmation

http://www.forex4noobs.com/blog/fore...-mini-webinar/
oildaytrader is offline Trading arcade or proprietary trading company   Reply With Quote
Old Apr 30, 2010, 11:25pm   #40
Joined Sep 2008
Re: Predictive chart patterns and set ups

Quote:
Originally Posted by NickyF. View Post
Build up your chance's by next week - having precise information on the latest stocks in the market! Don't take chance's grab one now.

DELETED LINK
So far you have posted this exact message in 5 different threads and your post certainly looks very familiar.

Peter

Last edited by wackypete2; Apr 30, 2010 at 11:26pm. Reason: deleted link myself from the quote.
wackypete2 is offline   Reply With Quote
Old Jul 25, 2010, 8:35am   #41
Joined Mar 2007
Re: Predictive chart patterns and set ups

oildaytrader started this thread Confirmed falling wedges in an up trend are high probability set ups , and it is easy money..Many amateurs are using falling wedges in down trends, the best results for wedges are obtained by trading them with the trend.Many falling wedges along the up trend will fail depending on trend start, exhaustion and prime trend.The best ones are traded with the prime trend and are confirmed entries like other chart patterns.In the first example (no 1) there is a trendline in place ,the second one (no 2) is confirmed by trend lines and a reversal from the trend line to previous high.1DT is a falling wedge in a down trend.At no 1 the previous down trend has been reversed , and an up trend is in place.

The opposite scenario applies to rising wedges.They should be traded in in down trends for high probability trading.
Attached Thumbnails
confirmed-wedges.jpg  
oildaytrader is offline Trading arcade or proprietary trading company   Reply With Quote
Old Jul 25, 2010, 8:58am   #42
Joined Mar 2007
Re: Predictive chart patterns and set ups

oildaytrader started this thread Here is a falling wedge confirmed by a reversal to the trend lines.Spot it on far right of image
Attached Thumbnails
falling-wedge-reversal-trend-line.jpg  
oildaytrader is offline Trading arcade or proprietary trading company   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
50-CCI set-ups trendie Trading Systems 10 Sep 10, 2011 12:49pm
Keep missing set-ups... shadowninja General Trading Chat 51 May 6, 2009 8:30pm
How many set-ups do you use ? Salty Gibbon Discretionary Trading 23 Dec 1, 2004 10:45am
TA set-ups ed crane Forex 3 May 17, 2004 9:32am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)