I always ask myself: What's my favorite chart pattern for finding high probability entries? I look at my stats, I look at my various strategies, and I always find I like one type of trade best: Trend Continuation trades using double tops for shorts and double bottoms for longs. The strategy is simple: Using 1 hour wickless bars, (I'll show you how in the...
Horn patterns are reversal patterns introduced by Bulkowski in his book "Encyclopedia of Chart Patterns". These reversal patterns are not the most commonly used by traders but have very interesting characteristics. In this post, we will cover details about these interesting patterns, such as identification rules and measure rules. 1. Origin Bulkowski...
Here we have an excellent example of the MULTIPLE TOPS pattern. It gave as a 1200 pips profits with 1:6 Risk To Reward. WATCH OUT FOR THIS PATTERN ! ! !
Sometimes I ask myself why am I producing all this educational material on TW since it gets much fewer views than trade ideas themselves. Usually, the answer is because I want to give something back. I want to teach the ones that want to learn how to catch a fish, not only get a fish. Nikola Tesla said that we should check number 3, 6 and 9 and we would know much...
There are 2 types of people that do countertrend: - Those at the very bottom - Those at the very top (For those that did not learn maths post high school or is it in high school and didn't learn by themselves either: this does not mean that ALL people at the bottom or at the top do this... I think the majority of bottom feeders go for this, but for those at the...
A While back I did a post on EURUSD Showing probability of the big move down we’ve seen. Here is the Link: www.tradingview.com About 3/4 of the page down I posted another chart with support levels. I received a few questions where I could tell other traders were looking to buy at the first major support levels. I asked this Question: IF Price does start to...