Predictive chart patterns and set ups

oildaytrader

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This thread is about patterns which fortell where price is going.All set ups need to be applied in conjunction with trend lines ,fundamentals and intermarket indicators.Please post your predictive set ups and patterns so we can all learn.

In this example euro usd fundamentals call for a euro usd price of 1.45 and trendlines are down on the dailies.

The saucer pattern is one of the best predictive patterns.

http://www.actionforex.com/articles...als/chart-patterns-vi:-saucers-2006101011910/

http://www.trade2win.com/boards/for...ading-live-calls-set-ups-210.html#post1078254
 

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Pattern 2 trendline breaks and retracements back to trend lines.

On the left of the chart is the break of the downward trendline on 25 february.Trendline breaks are best traded after confirmation of a new trendline.On 26 th february the fourth arrow shows a retracement to trendline with momentum.Retracements to the trendlines are really good signals , if confirmed with momentum.

http://daytrading.about.com/od/stou/a/TrendLineBreak.htm

http://z.about.com/d/daytrading/1/0/u/1/-/-/trendline_break.png

http://www.daytradersbulletin.com/html/mentor090399.pdf
 

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Pattern 3 Trend /breakout retracements in trend continuation .These are retracement trades after a trend /breakout has been confirmed.The price consolidates and continues on the orignal direction of breakout/trend.This pattern works well when confirmed by trend lines and longer time frames.

http://www.trade2win.com/boards/for...ope-retracement-system-fxigor.html#post276221

http://www.trade2win.com/boards/for...ope-retracement-system-fxigor.html#post276222

Here is a example of this set up making money on live calls.

http://www.trade2win.com/boards/for...ading-live-calls-set-ups-200.html#post1075664

http://www.trade2win.com/boards/for...ading-live-calls-set-ups-196.html#post1074976
 

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Here is an example of Dax making many attempts to retrace back to the trend lines.Tells you where the price is heading.
 

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Chart pattern 7:Tweezer and long wicks (shorts is opposite set up)

Another brilliant pattern on the dailies Notice the size of wicks on most of the candles ,the long lower wicks suggest price does not want to remain lower , but wants to head higher.Finally the dailies make a 123 up move.
 

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Here is a nice rectangle pattern in a uptrend.All chart patterns are more effective when trading with the trend .

High Probability Trading

 
Chart pattern 9

Trendlines on hourly charts confirmed by intermarket instruments.Here both euro/usd and gbp usd should show the same trendlines.

These intermarket confirmation entries have higher probability.
 

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Had a look at the above highly recommendation from many.I would not buy or bother with it, just another opportunist author trying to make money from selling books.

He makes trading more complicated than what it really is.K I S S keep it simple stupid (so stupid people can do it).Wouldn't recommend it to new traders.

Most of the stuff is rehashed and renamed with a load of B S for the new idiots to believe and get impressed.Rating crap.

http://fliiby.com/file/224286/zkgdks7cxu.html
 
Chart pattern 11

Triple trend lines .Here the triple trend line are all showing an uptrend on euro usd.
 

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Chart pattern 11

Triple trend lines .Here the triple trend line are all showing an uptrend on euro usd.

The result of triple trend lines on the following day is in the following chart.It ends up higher ,after giving a great risk free opportunity with a 100 pip fall.
 

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After the patterns have been posted , we will move to trading these patterns for profit.
We will look at money management, positive expectancy ,indicators,stops and fundamental analysis.We will compare these predictive patterns with ordinary chart patterns, and prove why the predictive chart patterns have an edge.
 
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