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Hello all
I have tested many strategies that all of them were related to indicators and many other stuff but i did not found them more accurant then basic analysis of the market. i mean,the Price Patterns. there many froums and threads about this very simple and practical way of trading but here i found nothing except two thread which is forgotten now.anyway i have strated this new thread to someone who is intrested in trading without indicators and exactly trend following strategies.it is simple and profitable and gives you a bright view of the market and it's action.by the way.from now on,i'll post the probable patterns and i hope that the others who is intrested and professional in this matter follows the thread and we make a trmendous collection of patterns and their's result.all you need is the ability of recognizing the PRZ(Price Reversal Zone) and the revresal candle stick pattern ..
for more information you can reffer to these links:
hello kamyar very interesting thread i'll be watching too
thanks for your efforts i am not good in these patterns but interested to see how they develop very nice work
hi polo
look if u want to reognize the pattern correctly the ratio must have good corealation.
take a look at the attached table in the link.this table is the most recent and accurant ratios for each pattern which a software(harmonic analyzer)uses for it's analsis.your's can not be a proper one.but your recognition is greate.
take a look at this link and the table and my description.from post#18 Gartley 222
you r welcom.yes i agrre.it can be a potential crab pattern and it reached the prz .but we should wait for a significant reversal signal.in some cases the pattern will fail.consider that no holy grail np 100% accurant!!
you r welcom.yes i agrre.it can be a potential crab pattern and it reached the prz .but we should wait for a significant reversal signal.in some cases the pattern will fail.consider that no holy grail np 100% accurant!!
U r dead right.
But we can stick to our trading tactics.
We will enjoy this thread, again, thanK you for your help to understand patterns.
Happy trading.
SFX
U r dead right.
But we can stick to our trading tactics.
We will enjoy this thread, again, thanK you for your help to understand patterns.
Happy trading.
SFX
Lets see what happen with this one.
How you reach at profit target. I mostly don't follow the rule i.e. 618 of CD, nevertheless, i do 20 for 30 minute chart, 30 for an hr, and 50 for 4 hr, also consider other factor like key fib levels etc.
What should we do with all these patterns, are profit targets also, sometimes, based on patterns or else?
Bat Bullish
Linear Mode
