Quote:
Originally Posted by MiniMe
Congratulation Simba on the thread, there is always something good and useful to learn from you, I am happier that Oily was banned “even though it’s for one week "
I am looking forwards to see your comments on the patterns
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Thanks Minime,
Please find a completed pattern with 100% target in GBPUSD H1,although its hump goes to the 61.8% level ,so,it is slightly out of the norm.
My comments:Pattern seems to work better if..
1-H1 or higher tf
2-Next higher tf trend goes in the direction of the pattern
I have forward tested an m5 pattern for the moment,on GBPJPY,with a loss of 36 pips.I will forward test during the rest of the week the dragon patterns that comply at least with one of the 2 "hypothesis" above.
Then ,end of this week,I will explain the next pattern..and next week will forward test both of them,before going ahead to the third one.