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Draon Textbook example
The chart shows a textbook example of a Dragon pattern with target at 100% of the range for Crude Oil daily bars...I will look for some failed patterns too and will tell you if I believe we have some means of differentiate beforehand between them..will try to find actual ones that we can trade live or forward demotrade.
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Somos mortales hasta el primer beso..y la segunda copa de vino
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Simba...thanks!!
Thanks for starting this thread...I have always been interested in trading price patterns.
I ordered the book this evening. I may be getting ahead of myself but are there any plans to program recognition of these patterns into MT4? |
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recognition
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better,filtering out the situations where they have low probabilities of success.If this endeavour is successful,I presume it could attract the support of coders in order to automate their recognition.
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Somos mortales hasta el primer beso..y la segunda copa de vino
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Hi Simba,
Why did you see in this book that it´s different from others, like Pasavento Books, Scott Carney, Thomas Bulkowsky, etc. I have to ask because I have half dozen of pattern books and to buy a new one I need to feel it have something really different.
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First Dragon
We have a Dragon at GJ m5..I entered a short at 212.59 ,stop at 212.95..target 212.25...let`s see if it works or not...additionally we have a potential dragon at m15 too,buy this latest is not yet developed.
Please see attached
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difference
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Linuxser,I have all the books you mention too...What attracted me to this book was the fact that all the reviewers mentioned that the key difference between Suri´s book and others was that this book has a clear set of guidelines on how to trade each pattern..entry,targets,stops,etc..he uses 65 chart patterns that are profitable in his trading...and I have chosen a selected few that I feel comfortable trading. So,basically 2 differences: 1-No encyclopedia of patterns..just the 65 patterns that a protrader uses consistently in his trading...battle tested patterns 2-Clear entry,exit and management rules for each of the patterns My idea for the thread is to forward test a few patterns,already started with the first one,to see if either by themselves,or in combination with additional trading tools(ie,in my case,mostly digital filters)they are as profitable as seem to be..if you like what you see,or not ..you can make an informed decision.
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Somos mortales hasta el primer beso..y la segunda copa de vino
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Quote:
1-M5 is too noisy a tf...Not so..."all markets and timeframes" 2-trend?..I define the trend using the stlm2..so,I checked both m5 stlm2(supported the trade)..and the inmediately higher,m15..was against the trade..check pic...so,we have a potential way of improving the pattern(starting hypothesis..higher tf trend must be supportive?)..let`s see. Additionally,we still have a potential Dragon in the making for GJ M15..so,we will probably be able to test this pattern again,very soon. If you find any Dragon "in the making" or already made,please feel free to post it.
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Somos mortales hasta el primer beso..y la segunda copa de vino
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Quote:
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I am looking forwards to see your comments on the patterns |
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LinkBacks (?)
LinkBack to this Thread: http://www.forex-tsd.com/manual-trading-systems/12521-don-t-read-thread-make-money.html
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| Posted By | For | Type | Date |
| Price Pattern Strategy - Forexindo Forum | This thread | Refback | 04-16-2008 06:42 PM |
| Price Pattern Strategy - Forexindo Forum | This thread | Refback | 04-16-2008 06:22 AM |
| Don`t read this thread..Make Money with it. by Forex trading style | This thread | Refback | 03-02-2008 01:57 PM |
| Don`t read this thread..Make Money with it. | This thread | Trackback | 02-24-2008 11:31 PM |
| Don`t read this thread..Make Money with it. | Forex Trading Secrets | This thread | Pingback | 02-24-2008 08:00 PM |
| Don`t read this thread..Make Money with it. | This thread | Trackback | 02-24-2008 07:46 PM |
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