Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information
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:
EDITED by Newdigital:
Sorry Kamyar that I added information below to your post but many people asked to have something on the post #1. Sorry once again.
just some information collected from this or other threads: 1. harmony indicators: here and here.
2. candelsticks reversal patterns indicator is here.
3. Price Patterns:
- Price Patterns (Gartley,Butterfly,Bat,...) explanation is here.
- Price Patterns by Suri Duddella: good public thread.
11. WRR_ZUP_INFOv02 - ZUP Gartley Pattern Alerts and Screen Shots: good indicator with documentation about how to use it. Created by WRR. Indicator is on this post.
now this is a probable butterfly pattern in NZDUSD Daily,but it has not confirmed yet we should wait for reversal candlestick pattern in the PRZ then we can jump in.
Really interesting system, I am reading the book fibonacci ratios by Larry Pesavento, I would like to see more of this developing patterns posted in this thread so I can start getting a better understanding of how it works. Please dont let this thread die.
thanks for your attention.i personally think all indicator-based strategies without understandig these conceps do not make any sense,anyway i follow this thread because it is my intresting trading system.
for the sake of shwoing the function of these i post today's recap by patterns.
remeber this whenever you want to trade with patterns:
The longer time-frame,the more pips.