I admire your ability to share this with us all — Having been in the same boat making .5% to 2% on my capital every day I will always go and ruin it by taking a trade that blows my days earning. Its quite easy to identify this problem, it is ...

Giving It All Back.

What time frame to trade patterns — Firstly patterns do work they are the best thing that I have tried, so how do I do it. Well, start out on the 4 hour frame and look for double zero' and triple zeros mark them on you chart. Next get really ...

Pattern Trading

Gentlemen you have discovered the secret — Suppose you develop an EA that is always wrong, now you take the opposite trade everytime and it still does not make money. Can you not see what the problem is ? It is not the system, it is the ...

Change a losing system into a Winning system

This is a truly desperate folly! — While I admire the basic idea that the markets are random, they are not. They appear to be random, based on a quick glance however, if you really study them you will see they are not. I know it sometimes ...

The Coin Trade System aka Flip The Coin

Hey Fiveshort man I have been busy — Maybe email me I can discuss what I know with you and it looks like I can help you out and we can share a couple of ideas. According to my mentor measure AB project it from C point D will complete at 100% ...

Pattern Trading

Hey great post...please more of this — Patterns are curious things, sometimes they work othertimes they fail. Now what we want to understand if why they fail. This will save us a packet trading. Using the indicators with no education and you ...

Pattern Trading

Great Work Peter Pan — Now we can all load the indicators on our charts and examine how these patterns function. Use your heads on this people, hard fast moves, DO NOT THINK A PATTERN WILL STOP IT. Wait, for the momentum to slow and wait for a ...

Pattern Trading

Clarrification... — Fib linking means the RSI will show fib ratios in yellow going from previous peaks or troughs to the current peak, lots of links to previous highs and lows means higher probability that the pattern will work. I choose the 1 ...

Pattern Trading

Hello Fiveshorts — Great question about the RSI with the fib ratios on it. Any actively traded market will exhibit ratios in time and price, so will indicators, volume, RSI, what I look for in addition to the pattern is a bunch of fibs linking ...

Pattern Trading

Hello Paris — Once you select the entry point, yes I usually start with a 20 point stop, once the entry bar is passed and the market has moved away. I always put my stop to 1 point above the highest or lowest bar. If I get stopped out its no ...

Pattern Trading

4xplosion Best times to trade from experience are from 10am GMT till about 6pm GMT, the late Asian session is a no no as the markets is not really picking up any steam and you do not get the good reactions, Wait for the day to begin so all the fools ...

Pattern Trading

trade on any time frame — Hello Paris, using this method you can trade any time frame from days-months to years, it is really ideal, the larger the time frame you use the smaller your stops become in relation to the potential reward. Get in at ...

Pattern Trading

Great work this is true trading style hats off to you — This shows just how simple trading is, and you are so much faster that any lagging indicator, price action is the key. Well done excellent work!!!

World's Simplest System

Currency Pairs that I trade — Hello Paris, I hate not trading so rather than force trades, ie try to make them happen, I open as many pairs as possible as the more you trade the more money you make and the more choice of good trades you have ...

Pattern Trading

Ok I closed that trade out for 10pts!!! then made another 20! — I got a pattern in the opposite direction and I closed out my first contract and re entered in the opposite direction. I always look at the bar formation long strong bars indicate ...

Pattern Trading

Entry and exit — Ok here are the rules I use and I would suggest you use them too! Look to enter the pattern in the at the end of the last blue triangle, you have a "W" shape, and the rule is to enter the market when the last leg equals in ...

Pattern Trading

Hello Newline — Once you have a pattern you can choose to enter a trade, in the opposite direction to the markets current direction, when the numbers that connect the tops of the waves are yellow it means they are fib ratios, and they are more ...

Pattern Trading

Whoa ICE those charts are very eye catching — I am set to the 5 min charts on this trade, word of caution on trading patterns. Always check on the larger time frame for patterns the bigger time frame usually always wins so, if you have a down ...

Pattern Trading

What time frames to use — Forget trading this over minute charts, you always have to use a stop of at least 10-15 points to begin the trade as you never know where the market will stop, once you are in you can pull your stop good and close as ...

Pattern Trading

Thanks Smjones — Ok that was good of you! Now at the moment the trade is plus 5pts, I have often found that is a pattern fails then the .38% is the first sign, it indicates the market is lacking strengh, what I like to see is a nice V ...

Pattern Trading