Your favorite pattern

C

cashclay

Junior member

Messages

27

Likes

0

• Aug 1, 2015

• #1

Im just curious as to pattern pro traders like urselves like to trade with and how successful are you at it?

 

C

cashclay

Junior member

Messages

27

Likes

0

• Aug 1, 2015

• #2

Im asking about patterns for intraday and swing trading; nothing long term thanks!

 

T

tomorton

Guest Author

Messages

8,845

Likes

1,581

• Aug 2, 2015

• #3

Don't do anything intraday but curently favour Ed Ponsi's FX-Ed pattern and an easy MA cross-over and retracement pattern of my own which I nickname Catapult.

FX-Ed is well described at http://thepatternsite.com/Forex.html.

Catapults are set up when a price prints a consistent trend but then closes the wrong side of a key EMA, though not negating the trend, say in an uptrend it closes below the 100, followed by a close the right side - in this case buy at EOD when the close is back above the 100EMA. Easy stuff, make up your own specific rules.

 

NVP

Guest Author

Messages

37,936

Likes

2,142

• Aug 3, 2015

• #4

Most people will,trade,the bounce".......

Basically a period of sustained buying or selling then experiences a retrace........then trade as price moves back I'nto initial direction

Devil is in the detail !!!!

N

 

Pat Riley

Established member

Messages

794

Likes

178

• Aug 3, 2015

• #5

NVP said:

Most people will,trade,the bounce".......

Basically a period of sustained buying or selling then experiences a retrace........then trade as price moves back I'nto initial direction

Devil is in the detail !!!!

N

Click to expand...

NVP, do you still use your correlator or has that been put under wraps while you chase the next new best thing?

 

F

Fugazsy

Veteren member

Messages

3,661

Likes

678

• Aug 6, 2015

• #6

Turtle soup, 2B reversal, small bar after 2 legs PB, fail final flag and the Fug pattern.

 

Last edited: Aug 6, 2015

NVP

Guest Author

Messages

37,936

Likes

2,142

• Aug 9, 2015

• #7

Pat Riley said:

NVP, do you still use your correlator or has that been put under wraps while you chase the next new best thing?

Click to expand...

sorry pat I missed this banter..........nope still trading strengthmeter based systems and approaches .....it is a flash in the pan after 15 years now ..............see me at Forexperians thread kicking the markets butt daily.......some traders make money you know ..........it can happen

cheers

N

 

NVP

Guest Author

Messages

37,936

Likes

2,142

• Aug 20, 2015

• #8

WantProfit said:

i do like W pattern when its confirmed, like what i see in EURUSD Daily chart today

and when i compare it with EURGBP, maybe it is time to buy all EURO

Click to expand...

interesting..............but for me if you dig under the bonnet and look at the euro index and the usd index you see both of them are bullish...........

that "W" was formed by USD getting stronger than the Euro then fading.....................

green usd looking more bear now and blue euro continues to rise ............so the W may still fire out a decent move

N

 

Attachments

• 
  correlation.JPG

  70 KB · Views: 179

Last edited: Aug 20, 2015

S

shulink

Junior member

Messages

37

Likes

0

• Sep 3, 2015

• #9

I like to use Candlestick patterns a lot, like the bullish engulfing and bearish engulfing reversal patterns. But it is always better to combine them with other technical indicators.

 

A

AllDayHolds

Member

Messages

91

Likes

4

• Sep 5, 2015

• #10

Patterns are a function of the time frame you see them on... if you understand how markets move, the pattern that you see on a 1second chart should also work on a monthly chart. And yes there is one pattern that can help explain most continuations and reversals...

 

M

MajorMagnuM

Legendary member

Messages

9,284

Likes

888

• Sep 6, 2015

• #11

the expanding swings pattern