Your favorite pattern

[cashclay]

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

 

[cashclay]

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

 

[tomorton]

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]

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]

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

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

 

[Fugazsy]

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

 

[NVP]

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

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]

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

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

 

[shulink]

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.

 

[AllDayHolds]

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...

 

[MajorMagnuM]

the expanding swings pattern