🟢What is the Triple Top Pattern? A triple top chart pattern is a bearish reversal chart pattern that is formed after an uptrend. This pattern is formed with three peaks above a support level/neckline. The first peak is formed after a strong uptrend and then retrace back to the neckline. The formation of this pattern is completed when the prices move back to...
New cheat sheet template on Reversal patterns and continuation patterns. Entry, SL, and PT have all been included. I have also included must follow rules and how to use the BT Dashboard.
GBPUSD London Open trading with simple M & W pattern only Hello, Welcome to today's 1H session, I look forward to post every day my progress testing this system out.. Trading 1H everyday with just 1H pattern signal. Result so far! 1st week- 5% drawdown (5 loss) 2nd week- 2% drawdown (1win (3r))
In this tutorial, we go in-depth explaining the head and shoulder & the inverse head and shoulder patterns. Comment your thoughts, like and share 🙂
Every pattern in trading is created by someone. Why not be the author of the pattern? If you see a succesfull price pattern, you can make a backtest and use it in your trading strategy. In this idea i`ll show you some BTC pattern which the crypto follow for 4-5 years. This pattern is very simple. After the consolidation the price break the range and fell. After...
The 5-0 Pattern has the following ratios. A no specific retracement level AB leg extends XA leg between 113% – 161.8% BC leg extends 0X leg between 88,6% - 113% 113% BC leg is also an extension of AB by 161.8% – 224% CD leg should to be 50% retracement of BC The first part of 5-0 Pattern is Shark Pattern. The A-B-C leg of Shark Pattern is in Elliott Wave (w) -...
The 5-0 Pattern has the following ratios. A no specific retracement level AB leg extends XA leg between 113% – 161.8% BC leg extends 0X leg between 88,6% - 113% 113% BC leg is also an extension of AB by 161.8% – 224% CD leg should to be 50% retracement of BC The first part of 5-0 Pattern is Shark Pattern. The A-B-C leg of Shark Pattern is in Elliott Wave (w)...
Hello everyone: Today I want to discuss the importance of higher time frame analysis. Doesn't matter what type of trading strategy, method or style you use, the higher time frame often will help us to strengthen our bias overall and give us a good perspective of the possible direction for the price to go. In addition, it helps traders to avoid unnecessary...
A,B,C,D,E - Classic funneling out master pattern price action, getting wider at each swing - grabbing buy/sell side liquidity and reversing onto the next liquidity spot. This is a textbook example of a multi-leg expansion. Refer to the linked idea "How Time Affects The Master Pattern"
Today was a day full of high impact news releases so it would have been wise taking a day off of trading. The reason I am posting this is to show how price still develops this pattern of behavior even when we get high volatility with the economic calendar news releases. Look how this framework still allows us to make sense of the market even in a day of supposed...
In a nutshell, this is the basic strategy. First you get the directional bias from your HTF and check which cycle of the master pattern it currently is, this will enhance the success probabilities. In this example, the HTF was trending down. When the HTF got below value, then we would have checked our LTF looking for an entry opportunity when it got above...
As time flows away from the contraction point, the market becomes more and more volatile.
Here we see why the Forex Master Pattern is a reliable concept that gives us solid trading insights.
A more in depth explanation of the contraction phase.
Here you can see on a real chart how to draw the lines objectively and mechanically the correct way. I developed an indicator for metatrader which does all that for me automatically, but you don´ t need the indicator if you are trading above 5min timeframe (more free time to draw lines). This example here is a nice one as you can see that when price went above...
To draw the lines is very simple. For the LTF you use a zigzag configured with: Depth:3 Backstep:1 Deviation:1 For the HTF: Depth:2 Backstep:1 Deviation:1 You use the zigzag swings to determine highs and lows. The trigger for the line is a simultaneous higher low and lower high, then you start drawing a line from the center of this range. Initially it is...
In the next tutorial I will teach you how to draw the lines in the correct manner. It is very objective and mechanical to do so, no subjectivity here.
‼️ The price can simply be found in one of the 3 phases below: 1.In a CONSOLIDATION 2.In an UPTREND 3.In a DOWNTREND The bullish market is characterized by making Higher Highs and Higher Lows, but this characterization is not enough, it is necessary to say that bullish markets are always breaking swing Highs and respecting swing lows. The fact that the price...