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I posted this about two weeks ago.
This is too bad neither here, nor other places there is a data base where thing like earlier posts concerning a specific toipic could be established...or is there something that could be used?
The best we found out a shared excel through google with individual items (and TF) to watch and attached pics...
I do not know any better at this stage, however I think would be great such an archive. Probably time element and expiration then needs to be included.
Yes indeed, it is nice. Can you explain a little about this hammer bar level approach? When I look at that hammer candle (if this is what it is) it looks the same my understanding about H4 demand zone drawn by lets say the level of 50/50 (body/wick) candles. So what do you mean by hammer bar level?
I just call it hammer bar cuz it looks like a hammer. I pay attention to candles around a hammer bar to determine if it's valid or not. I prefer 40/60 body wick ratio to 50/50. I like to be simple. I don't like drawing so many lines and zones or levels. Find one potential reversal level, and that's it.
EURGBP Daily - Potential bullish gartley. The pair may be constructing a double bottom on weekly.
I just call it hammer bar cuz it looks like a hammer. I pay attention to candles around a hammer bar to determine if it's valid or not. I prefer 40/60 body wick ratio to 50/50. I like to be simple. I don't like drawing so many lines and zones or levels. Find one potential reversal level, and that's it.
Yes, pretty much the same as I am learning with sup/dem theories.
There I have seen often popping up other type of candle patterns, e.g. engulfing and others.
e.g. here like harami, dark cloud, piercing, engulfing etc...
Supply and demand in a nutshell by Alfonso Moreno - Page 212 @ Forex Factory
post #4233
Really nice pic, understendable, thank you!
Just for reference, this is an indi so needs judjment, but a relatively good supdem indi, in fact I have seen no better, so just reference comparing:
Chart EURUSD, H4, 2014.04.22 22:17 UTC, HF Markets Ltd, MetaTrader 4, Demo - MetaTrader Trading Platform Screenshots
EU 60m Cypher,
I took EA Bat @ the supply zone haven't reached 88.6% though
AU 240m Bat Pattern
the pattern formed by zup, but entry is lower on green horizontal line right above 88.6% and demand, target based on structure.
something that I need to test,
the cypher 113.0%-141.4%
or
the cypher 127.2%-141.4%
I see some nice trades using the first one.
The cypher nicely worked out. Did you take it?
something that I need to test, the cypher 113.0%-141.4% or the cypher 127.2%-141.4% I see some nice trades using the first one.
If you gonna test, make a spreadsheet and trade the 113 cypher thoroughly. You'd need to trade the pattern at least 100 times in order to determine if it's a kind of pattern that make profits.
AU 240m Bat Pattern the pattern formed by zup, but entry is lower on green horizontal line right above 88.6% and demand, target based on structure.
Looks like I missed a selling opportunity.