Good point. And reassuring to know that I'm not going completely mad (although my wife gave me a look of annoyance when I showed her my flag with...
It never occurred to me before, but when I was drawing lines for the two of them I realized that a situation could arise where a 1-2-3 that turns...
Ok, thanks for clarifying but could that not raise some confusion with 1-2-3 (shorting the break at 3)? Anyway, it's bedtime for me now, so I'll...
My understanding of "4th reversal point" is that you mean the second lower (minor) high (providing your other conditions are met). Did I get...
baro-san, is the key to trading this pattern seeing a weaker/choppier final up leg to highs? What sort of things do you look at make sure you're...
Here's another topping corkscrew in bunds, potential sell if rally fizzles out. Late in the day in Europe so done trading for the day. [ATTACH]
LOL! I take it that's a "no comment"..
:) Nice sweater!! Re flags - do you need to see volume decrease on the flag to trade it? Or does that not really affect the win rate in your own...
This thread is far too good. How long before a troll turns up? :) Edit: learner2007, omedetou gozaimasu! Any other patterns you like to share?...
As it happens, Bunds formed a pattern that looks very much like the Dow reversal pattern that learner2007 and NoDoji referred to. [ATTACH]
Stop moved up to 156.75, targeting break above highs for day [ATTACH] Edit - stopped out 156.75.
The Bund is currently in the process of forming a corkscrew on 1minute chart. Need to see the ascending triangle form here to complete the right...
In theory you are right, expectancy is enough... But the future is different from the past. If you have two systems with the same positive...
One question I'd like to throw out there (especially with respect to the patterns discussed in this thread) is: how do you use volume and time in...
I was thinking about your question a little more. Here is an another interpretation of the topping corkscrew pattern:- [IMG] As you said, you...
O yasumi nasai
I think it's a potential reversal pattern, similar to a H&S. Time needs to be taken into context. For instance, with the corkscrew topping...
It's not exactly the same pattern...but S&P 500 top formation in 2007-8 is similar to the corkscrew:- [ATTACH] [ATTACH]
Yeah, I suppose you are right. There is a danger that this becomes a vague discussion. I was thinking maybe it might throw up a few...
Depending on context, looks a sell to me. But of course do your testing.. I don't know the accepted name for this pattern, so if there isn't...
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