LewipapersFX
Long

4410 GBPJPY SOARING EAGLE

FX:GBPJPY   British Pound/Japanese Yen
48 5 0
5:1
thats a first... where do I find out about that pattern?
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LewipapersFX dionvuletich
I discovered it last year and have been backtesting it. I have specific rules of identifying the pattern. It's a breakout pattern so its fast moving.
Follow me to see more examples of the formation
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dionvuletich LewipapersFX
Interesting, it looks like a hybrid of a cypher and a bat/ my two favourite patterns particularly the bat... interested to see your setups and how they pan out

Do you have a tested win% yet on the completion of the D leg at 88.6%??
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LewipapersFX dionvuletich
It does. I use it strictly on the 240m chart in areas of high voilitility...like I said, it is a breakout strategy. I keep all logged win/loss ratios of the pattern off site but after seeing its performance, I am convinced the pattern has a high completion rate at the 886. In the coming days I will present the criteria for identifying the Eagle pattern and how to manage the trade to target.
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dionvuletich LewipapersFX
Sounds nice... 240min up is my trading timeframe as well as I don't have all day to watch the markets.
What about shorting the 88.6% completion? have you tested that idea? what % is it sitting at?
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