Price Patterns(Gartley,Butterfly,Bat,...) - page 163

[secretcode]

aulo malvise:
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Following the instructions given by Suri Duddella in his book "Trade Chart Patterns", this is how to trade it:

"The "Dragon" pattern is similar to the " W pattern or the "Double Bottom" pattern with few different trading rules and different targets. "Inverse Dragon" patterns are similar to "M" pattern. "Dragon" patterns usually form at market bottoms. Dragon patterns work in all time- frames and in all market instruments. Like most "Double bottom" patterns, "Dragon" patterns present excellent trading opportunities with low risk to reward ratios.

The "Drgaon" patterns start with a "Head formation and price declines from the head level form two legs of the "Dragon". These two legs in a "Dragon" pattern usually form within 5% to 10% of the price difference. The second leg has a strong indication of reversal as it posts a key reversal bar, or a "divergence" in any oscillator indicators. The price rise in the second leg is usually followed by a spike in the volume. A trend line is drawn connecting the head of the "Dragon" to the hump. When the price closes above the trend line and confirmed by price action or divergence in any oscillator, it signals a reversal. The second confirmation of "Dragon" occurs when the price closes above the hump, 38% to 50% of the range from head to the low of the first leg.

Trade: Aggressive traders enter a "long" trade when the price closes above the trend line. A better trade entry may be signaled when the price closes above the hump level. Enter a "long" trade few ticks above the hump level.

Target: Targets are usually at 127% of the second leg range and another target is set at near the "head level.

Stop: Place a "stop" order below the "lowest low" of the two legs."

Good trading and many thanks to poruchik for this new pattern.

Hi, where can we find that book 'Trade Chart Patterns' ?:)

@ Poruchik Nice Indicator, Thanks

[poruchik]

secretcode:
@ Poruchik Nice Indicator, Thanks

YES, it nice!

Dragon is top secret pattern or , very strong sometimes, when it= A SHARK

[xx3xxx]

someone please explain to us-- how to catch the MOMENT for entry with the above dig (dragons) please

[aulomalvise]

Hi, where can we find that book 'Trade Chart Patterns' ?:)

I just sent you a PM with instructions.

Nice reading!!!!

[poruchik]

2 xx3xxx______________

[xx3xxx]

today, you sent away question / but NOT ANSWER

[aulomalvise]

Trading the "DRAGON PATTERN"

xx3xxx:
someone please explain to us-- how to catch the moment for entry with the above dig (dragons) please

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regards,

[poruchik]

xx3xxx:
today, you sent away question / but NOT ANSWER

you do not have Google?

I have - Dragon Pattern : TradeChartPatterns.com

[macerina]

All in one Indicator

Hi poruchik,

I am new to this forum I just want to know if there an Indicator which shows all the Harmonic patterns like butterfly, bat, gartley,dragon, 123, ABCD etc in one indicator with probable projection points for targets ...

Pls let me know the link ...

Thanks

[poruchik]

https://www.mql5.com/en/forum/173588

https://www.mql5.com/en/forum/173439