Read the message on the chart carefully, mates. This information will help you to save lots of time, efforts and money. I you are new to these series then check the related ideas links to read the beginning.
the beginning is on the chart above)) Also to trade successfully with discipline you need to know your patterns statistics. What is the accuracy ratio? What is the largest drawdown? What is the average loss? What is the average win? What is the profit factor? What is the expectancy? What is the average risk to reward ratio? If you don’t know the statistics you...
Hey, traders it is the second edition in these series.
Look at the chart:)
Hey traders, here is an example of a typical bullish Wolfe Wave setup. Price creates two converging descending trend lines. Point five often overshoots and touches the parallel of the 2-4 line, presenting an entry opportunity. Profit is taken at the 1-4 line. For the bearish setup, the lines must be converging and ascending, and same rules apply. Trade with...
This slide only scratches the surface of using ichimoku to recognize and trade trendlines. I will try to show more of this in future slides. And by the way, did you guess my trading plan for USDJPY yet? Good luck
Bullish Shark Ratios B (XA) = 0.618 Maximum C (AB) = 1.13 ~ 1.618 D (BC) = 1.618 ~ 2.240 D (XC) = 0.886 ~ 1.13 StopLoss Below D Targets : 0.382 & 0.618 CD of CD Go Long when point D is completed according to above ratios and when it is confirmed with oscillator such as RSI Divergence
Mr. Carney, Bat pattern in his book " Harmonic Trading".
This is a summery of Mr. Carney book "Harmonic Trading". AB=CD chapter.
Waves 2 and 4 within an Impulsive wave will unfold in different forms: if wave 2 is a simple ABC form ( zigzag), the 4th wave is likely to be a complex wave (triangle, double three etc.)
"Running correction usually elliott wave 2 or 4 Strong impulse move should follow."
Gartley Pattern. Special thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
The Butterfly Pattern Special thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
Crab Pattern Special thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
The Cypher Pattern Special Thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
Check other #Educational charts: www.tradingview.com Safe Trades
Hi Traders, The idea is to share a tiny portion of the study of Larry Pesavento and Leslie Jouflas about the AB=CD and the Gartley Patterns, with those who are introducing the advanced patterns in your trading method; You will have a lot of information about those guys on the web. Special Thanks to Alexander_Nikitin (www.tradingview.com) Please enjoy...