Wave-Trader

Chart Patterns and formation of breakout signal

FX:EURUSD   Euro Fx/U.S. Dollar
4300 60 158
6 months ago
Chart Patterns and formation of breakout signal
6 months ago
Comment:
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Best example of broadening wedge
6 months ago
Comment:
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Best example of bump and run reversal
6 months ago
Comment:
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Best example of falling wedge
6 months ago
Comment: i hope this will help a lot of people
6 months ago
Comment:
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this is how pattern works
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Guhanak7
6 months ago
Nice chart, How do you determine a break of the TrendLine.
Is it a close above/below the TL or a complete candle outside the TL
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ReneK Guhanak7
6 months ago
It's a close of the candle above the trenline… thats your entry.
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Wave-Trader TOP ReneK
6 months ago
thanks for that mate
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Wave-Trader TOP Guhanak7
6 months ago
thank you very much, always look for breakout with impulsive candles and if break comes with corrective candles then chart may change patterns and it may put effect on patterns performance.
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Tptrillion
6 months ago
Great information as usual. Well done bro
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Wave-Trader TOP Tptrillion
6 months ago
thank you very much for your support bro
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den_
6 months ago
Thanks again for your very educational post!
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Wave-Trader TOP den_
6 months ago
my pleasure and thank you very much for your support mate
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Ed.711.Schaffer
6 months ago
I like your terminology for reversals at key Pivot Points > U call them "BUMP & RUN" REVERSALS!
For my own charts I am going to henceforth call them "BUMP & RUNAWAY" REVERSALS since the market literally does a complete turn at the pivot point & it runs in the opposite direction.
This is the benefit of Trading-View, we can all share our ideas with other traders! Thanks for passing along the idea!
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Wave-Trader TOP Ed.711.Schaffer
6 months ago
My pleasure mate. i am agree with you and Tradeview really deserves for big thumbs up.
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swing-trader
6 months ago
nice sharing thanks for posting

snapshot
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Wave-Trader TOP swing-trader
6 months ago
thanks for sharing mate this is really a very good example of descending broadening wedge cheers
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Wave-Trader TOP Wave-Trader
6 months ago
we can see breakout and retest of broken structure and reversal of trend
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qwaku
6 months ago
Very educative info
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Wave-Trader TOP qwaku
6 months ago
thanks mate hope it will give you enough information for patterns identification
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qwaku Wave-Trader
6 months ago
sure it will bro
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Wave-Trader TOP qwaku
6 months ago
thanks bro
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7TheWolf
6 months ago
Nice chart !! do you think that the triangle is an inversion pattern?
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Wave-Trader TOP 7TheWolf
6 months ago
there is no triangle in this post mate there is falling and rising wedge
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Bandarsq PRO
6 months ago
Nice Post. I would call the bearish pump and run pattern 'Hit and Run'.
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Wave-Trader TOP Bandarsq
6 months ago
thanks for the feedback
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wallboys PRO
6 months ago
Why with this EUR H4
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wallboys PRO
6 months ago
snapshot
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Wave-Trader TOP wallboys
6 months ago
good eye mate
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Wave-Trader TOP wallboys
6 months ago
snapshot
this is how pattern works good eye mate
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wallboys PRO Wave-Trader
6 months ago
Good trade :D
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wallboys PRO Wave-Trader
6 months ago
I think we can work together as team
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Wave-Trader TOP wallboys
6 months ago
yup good luck for next setup mate
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mrleedz
6 months ago
This is so helpful brother thanks
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Wave-Trader TOP mrleedz
6 months ago
you are welcome and thank you very much for your support
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jatnip64
6 months ago
This was very helpful thank you. I removed all of my indicators last week and have been studying price action trading and candlestick patterns. I made my first trades using price action 12 hours ago and so far all of them are winners!
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Guerrera
6 months ago
Hi Wave trader! Thanks for knowledge! You have great charts and setups. I have a few questions to you) Is it Ascending broadening wedge? And could you help me with target in case of down price action? Thanks a lot, bro!
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Guerrera Guerrera
6 months ago
snapshot
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Wave-Trader TOP Guerrera
6 months ago
There are two strategies. 1st called early entry before breakout, in this case you can place tight stop loss. you can see in example mate. 
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Wave-Trader TOP Wave-Trader
6 months ago
snapshot
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Wave-Trader TOP Wave-Trader
6 months ago
2nd called entry after breakout, in this case your stop loss is bigger and safe than the first one and reasonable target but this is safe entry rather than the 1st one because breakout has confirmed thats why most traders do trade on breakout. you can see in example
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jordanscott.trading Wave-Trader
6 months ago
Hi there wave trader.

First of all, im stoked to have found your profile! your setups look killer! :)

Secondly, may i ask how you determine your stop loss and take profit for both the 1st and 2nd entry strategies?

Thanks mate! :)

Ps. you aussie? ha
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Wave-Trader TOP jordanscott.trading
6 months ago
my pleasure mate. it depends on structure what kind of structure is developing, for example if setup is forming within the channel then i look for target from channel trend line to channel trend line and stop loss just behind the channel trend line. and thanks for your support mate
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jordanscott.trading Wave-Trader
6 months ago
Thank you for the speedy reply mate!

May i ask what you studied to learn all this?

And in particular wave breakout trading?

Please feel free to add me on facebook.

https://www.facebook.com/jordan.scott.5203577


Hope to hear from you soon mate.

Kind regards,

Jordan.
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jordanscott.trading Wave-Trader
6 months ago
And if the structure occurs outside of the channel, like it is now in the GBPAUD you just called, what would you consider good places to place you SL and TP?

Again, i really appreciate your help mate.
Any bones you could throw me would be so very much appreciated.

Kind regards,

Jordan.
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Wave-Trader TOP jordanscott.trading
6 months ago
look for this formation for entry as much close to trend line as price come and stop loss just behind in the channel here is the example
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Guerrera Wave-Trader
6 months ago
Amazing trade) thanks!

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Wave-Trader TOP Guerrera
6 months ago
My pleasure mate keep it up by sharing and supporting tradingview community
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Hi,
can there be a rising wedge, which came from bullish trend, with bearish outcome? Like USDOIL is forming now?
Thank you for your time.
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Wave-Trader TOP sketchmaster
6 months ago
i will post that as well mate keep in touch these rising and declining wedge form against the trend i will post that which form with the trend stay in touch for further posts.
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sketchmaster PRO Wave-Trader
6 months ago
I will, thank you so much for doing this all...
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Wave-Trader TOP sketchmaster
6 months ago
you are most welcome mate and thank you very much for your support.
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sketchmaster PRO Wave-Trader
6 months ago
last question (reggarding this post and wedges), number ow waves is (should be) alway equal to those in your chart in this post?
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Wave-Trader TOP sketchmaster
6 months ago
No it is not always equal it may vary from pattern to pattern and it always depends on trend strength and where pattern is forming you can see in these examples, in GBPJPY expanding triangle forming at bottom after brodening wedge breakout which shows reversal signal hence there is more potential in this pair while in USDCHF it is formaning in the channel under channel trend line which is giving signal it may change its formation and waves may change in the expanding triangle.
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sketchmaster PRO Wave-Trader
6 months ago
got it, thanks
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Wave-Trader TOP sketchmaster
6 months ago
my pleasure mate thanks for your support
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sir can u teach me wave theory
?
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Wave-Trader TOP hassan.saeed881994
6 months ago
PM me
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hlonolo28
6 months ago
amazing and thank you, please keep updating us on the lower time frames so to see the practical application of the structures for our learning purpose bro.
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Wave-Trader TOP hlonolo28
6 months ago
my pleasure mate
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ELHADRATI
6 months ago
well done .. thank you very much
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TPittard
5 months ago
This is just fantastic, I'm very Impressed.
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Betino650
5 months ago
You're a good man. I've learned a lot more going throughout your page than the last two books I've read.
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Wave-Trader TOP Betino650
5 months ago
thanks mate. you will only learn theory from books mate.
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itahirmasood
3 months ago
thansk
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