Just interested. How many of these patterns will win if you find 100 of them on eurusd Daily? Did you try to use rsi default settings (period 14, 30-70) instead of those that are preached buy Jason Stapleton?
I really dont like to trade on these patterns the reason is that potential in these setups are very small thats why i like to trade on waves because on waves my risk reward ratio is very good which boost my account. And the logic behind the (7, 20-80) setting is that we gonna get less false signals. One of the big drawback of (14, 30-70) is that mostly traders place trade against the very strong impulsive move or against the strong trend which is completely against the wave theory. Only you will get sell or buy signal on (14,30-70) setting, when market is in the strong trend. By the way i asked you couple of days before your analysis purely based on RSI but you said you dont know RSI and dont use that so how do you know that now mate.
Thanks mate, Lot of technical stuff on chart confuse young traders and mostly they do mistakes when they try to predict the D leg with the help of RSI and it is not easy to predict the D leg for everyone. But when D leg becomes completed then it is easy to predict the target at B leg. thanks for your feedback mate.
i think you are the best one to follow you share a very helpful educational posts . any it think this is the reason of this website . most of other traders are here to sell their strategy not to share it.
i have 8 year of experience but I am not successful trader . i spent 10hours daily infront of the market testing and testing till now not a good result . I think e once who are successful who have a group of people with him .