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LinkBack (37) | Thread Tools | Display Modes |
12-19-2006, 11:06 AM
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GBP/USD Uptrend formation chart pattern.
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Wellcome to thread. I am not much against cross, Instead with this setup one get best entry point looking at price pattern. crosses are form after price movement, and then we enter and get late entry and till that time price has already move 40pips and other smart trader start booking profit who has already enter at begining of movement. I am attaching two chart of GBP/USD i have also pasted up trend pattern on both chart. on first chart i have hide up movement and only begining of up trend pattern is visible. check yourself is this is a Up trend forming pattern ? is the currency forming up pattern ? in second chart check once again is this is correct. Best Regards Ramdas     
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12-19-2006, 11:23 AM
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EUR/USD Uptrend formation chart pattern.
Hello everyone,
Here is EUR/USD Uptrend formation chart , i have attached pattern on chart. I am posting these chart to show how patterns are form and which is the best entry point. Best Regards Ramdas
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12-19-2006, 04:10 PM
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GBP/USD chart and EUR/USD chart with UP pattern
Hello Everyone,
GBP/USD chart and EUR/USD chart with UP pattern. PL Refer attachement and check for UP pattern.. this is clean UP pattern. You can check very precise entry point. I personaly did not belive as price could rise further after so much good up movement. But chart and price pattern suggested UP pattern and price rise with good pips. Pl feel free to post your observations and comments. You can post your chart. Best Regards Ramdas
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12-20-2006, 12:38 AM
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 i'll post my observation...
__________________
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12-20-2006, 05:06 AM
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you are correct.. chart posted is perfect. price cross above sma50 then tested sma300 and again tested sma50 and again gone up cross above sma300 and again drop to sma50 and then then sudden rise and trend start. second tick is exact buy point. where smart trader go long.. that is why price has gone up and continue up. this is the pattern one should observe. first target is sma2400touch.where one need to exit trade and wait for further price action or book partial profit and wait further action. You can check how precise is the entry point.. with very minimum pips risk. Best Regards Ramdas
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12-20-2006, 05:18 AM
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I started spoting such price behaviour 8month before. But at that time i was not using SMA.. then i do lot of observation. spend lot of day's and night in observing price action. and last three month after doing lot of experiment i come to this setup. But fact is.... setup works. and that is important. Best Regards Ramdas
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12-20-2006, 06:11 AM
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Some notes
Hello Everyone
when price form up or down pattern out of some consolidation, that is good pattern. when price has moved up very strongly it will not fall immediately on first fall pattern. keep patience, don’t be greedy to enter on first pattern. if you enter at first fall pattern. then exit with some 10 to 20 pips...do not expect maket will fall 100pip immediately. start from Japan open to London close.. price forms at lest three patterns. UP and down. if you are wrong in identifying pattern..don't hold pos with ego. Remember there are continues opportunities in market. Keep watch on important news event.. during news event price is news driven and will not follow any price pattern. But if you observe in news event also price swing between stronger sma sma600 or sma2400. Don't get frustrated due to BAD hit... keep drawdown minimum.. it is BAD Money management to loose 10 to 20% in one BAD hit. There are some day's when market is very choppy. stay away in those day's Keep pations market gives you lot of opportunity. wait for market to come to you and don't chase market. These are my little words.. you can add more in this. Best Regards Ramdas. Last edited by ramdas; 12-20-2006 at 09:13 AM.
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