Quote:
Originally Posted by ukm007
Hi,
I always looking at one hour chart. and i think that TF is suitable with my trading lifestyle. after done reading the thread, i know that there is still a lot of chart pattern that i need to search and study.
here is my first pattern that i found on EURUSD. hope it meet the requirement to form threehills pattern.
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Hi,
ukm007,yes,it looks like 3 hills and a mountain can be in the making,you still need the third hill,though.
An example of how one can use the patterns to improve his trading..look at the chart,let`s presume you are Fibonacci trader
,and you have found that there is a fibo cluster area,the one depicted in blue will do...Then,IMHO,your best bet is waiting to see if you get any of the patterns,in this case,probably MSL in either one of m30,h1,h4,to trigger the entry,this will help you to avoid the common pitfall of jumping into a trade without having the money flow at your side.
Regards
Simba