Price Patterns(Gartley,Butterfly,Bat,...) - page 162
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
...
I have it on...but nothing happens...?
I have it on...but nothing happens...?
max deviation 0.24 or more
...
max deviation 0.24 or more
OK:)...I got something on 1m chart...thanks...
hi ,would u please help me for configuration of zup or kor ...sometimes pattern are very small and sometimes are so big i want aoption to make it normal ,thanX alot
Today are many dragons
does the above diagram mean prediction come true
and how do you read your indicator -- most people will able to see pyramids (triangle)
+ DRAGON & A DRAGON
- 5.0 & A 5.0
A DRAGON haw it works?
Trading the "DRAGON PATTERN"
does the above diagram mean prediction come true and how do you read your indicator -- most people will able to see pyramids (triangle)
------------------------0------------------------
Following the instructions given by Suri Duddella in his book "Trade Chart Patterns", this is how to trade it:
"The "Dragon" pattern is similar to the " W pattern or the "Double Bottom" pattern with few different trading rules and different targets. "Inverse Dragon" patterns are similar to "M" pattern. "Dragon" patterns usually form at market bottoms. Dragon patterns work in all time- frames and in all market instruments. Like most "Double bottom" patterns, "Dragon" patterns present excellent trading opportunities with low risk to reward ratios.
The "Drgaon" patterns start with a "Head formation and price declines from the head level form two legs of the "Dragon". These two legs in a "Dragon" pattern usually form within 5% to 10% of the price difference. The second leg has a strong indication of reversal as it posts a key reversal bar, or a "divergence" in any oscillator indicators. The price rise in the second leg is usually followed by a spike in the volume. A trend line is drawn connecting the head of the "Dragon" to the hump. When the price closes above the trend line and confirmed by price action or divergence in any oscillator, it signals a reversal. The second confirmation of "Dragon" occurs when the price closes above the hump, 38% to 50% of the range from head to the low of the first leg.
Trade: Aggressive traders enter a "long" trade when the price closes above the trend line. A better trade entry may be signaled when the price closes above the hump level. Enter a "long" trade few ticks above the hump level.
Target: Targets are usually at 127% of the second leg range and another target is set at near the "head level.
Stop: Place a "stop" order below the "lowest low" of the two legs."
Good trading and many thanks to poruchik for this new pattern.
quite amazing -- the indicator direction prediction
few hours ago, I used zup v100 to SAY it is going down
then 50 pip more for gain (demo)
I thought that it would continue the trend to go up - and I did prepare to hedge when I get a loss
------------------------0------------------------
Following the instructions given by Suri Duddella in his book "Trade Chart Patterns", this is how to trade it:
Good trading and many thanks to poruchik for this new pattern.Don`t read this thread..Make Money with it SIMBA
https://www.mql5.com/en/forum/178496