Alexander_Nikitin
Short

The Importance of keeping the overall picture in mind

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
Read structure of the market first. Structure is the market language. Use patterns to initiate your trades only when you have an idea of what direction the market is more likely to go. Cheers)
This pattern was found with Pattern Search Software (c)
Visit my website for details: http://www.ps-software.net
Watch the sample video: https://youtu.be/mwZE-Un4V48
Best regards, Alexander Nikitin.
Fulltime professional trader and programmer.
IvanLabrie PRO
a year ago
Excellent.
One of the indicators I use colors these 'impulse' legs automatically.
snapshot

Excellent level to short, 50% retracement of the big bar impulse leg, and also a nice retracement following a string of lower lows.
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IvanLabrie PRO IvanLabrie
a year ago
(black is inside or outside bar)
+1 Reply
Alexander_Nikitin TOP IvanLabrie
a year ago
Yes, indicator makes you be objective with identifying the ranges. Although I use only eyes to identify the ranges)
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IvanLabrie PRO Alexander_Nikitin
a year ago
Comes in handy for quickly spotting things. But yes, developing this 'vision' is key.
+1 Reply
adan3ter
a year ago
beautiful, excellent chart analysis. Simple, gets the job done.
+1 Reply
Brilliant!
+1 Reply
Alexander_Nikitin TOP Akil_Stokes
a year ago
Honestly, I expected it to be a looser because I had nine winners in a row before it. This only proves that the trade never depends on previous trades. How silly I was having such expectations in my mind!)) They could easily influence my perception and I would get what I expected.
+1 Reply
Akil_Stokes TOP Alexander_Nikitin
a year ago
Not sill realistic. We know that the losers will come eventually, especially after a nice streak of winning. Good lesson, on sticking with what you see and not what you think. NOT YET LOSERS NOT YET!
+1 Reply
KVE PRO
a year ago
Hell of a trade if you ask me!! Nicely done, wish I spotted it yesterday...
Very nice and to-the-point analysis, keep up the good work!
+1 Reply
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