Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
now i found setup for dragon pattern on USDCHF H1.
what do think..?
is it true..?
p/s: sorry my bad english.
Hi no need to be sorry ,your english is very clear..Dragon,yes the setup is right,though you will have to wait for the breach of the trendline..just checked it now,looks like it is forming a Dragon within the Dragon...you may want to trade the inner one,if so,check that there is some kind of UPdivergence(macd,rsi,whatever you use),then a breach of the trendline.
Hi no need to be sorry ,your english is very clear..Dragon,yes the setup is right,though you will have to wait for the breach of the trendline..just checked it now,looks like it is forming a Dragon within the Dragon...you may want to trade the inner one,if so,check that there is some kind of UPdivergence(macd,rsi,whatever you use),then a breach of the trendline.
Regards
thanks for reply, u mean that it will form another dragon in this dragon, so pick the inner one, and,should we confirm with UPdivergence for this pattern..?
or just use the basic (rule that u post early at first page).
This is a Dragon the size of the emperor`s palace in Tokyo..please check my picture dragon1 ....it complies ALL the Fibonacci rules for it to be defined as a Dragon.
2b..there may be a 2b if price closes back ABOVE 1.1870 on a D1 timeframe...above the horizontal Aqua line..but still not there.
If you check pic dragon2 you will seee that in h4 tf there was a divergence between price and MACD action,so the Dragon had a divergence,even if at a lower tf,supporting it.
My suggestion...if the setup is unclear,do not trade it..it has to hit you in the face to be tradable,and the higher the timeframe the better.
This is what I meant with "a dragon within a dragon(h1 dragon up within d1 dragon down)since the h1 trendline was not broken up,the h1 was not triggered...but the d1 was...always check the global picture...it pays off very well.
Linear Mode
