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Very nice back to back patterns on GBPJPY M5. I think it's a good idea to apply FC in order to see better entry for TOTAL pattern (Maybe we should always look for FC). I drew fibo to see some convergence on the TOTAL and 121 pattern. As you can see 200 and 127.2 converge nicely. I'll if I can find any FC on SHS pattern.
EURCHF H1 - Potential bullish butterfly. 127.2 and 161.8 line up nicely.
Very nice back to back patterns on GBPJPY M5. I think it's a good idea to apply FC in order to see better entry for TOTAL pattern (Maybe we should always look for FC). I drew fibo to see some convergence on the TOTAL and 121 pattern. As you can see 200 and 127.2 converge nicely. I'll if I can find any FC on SHS pattern.
Did you take XA 2x of the 121 pattern and just put the other 0.0% fib over the c point?
seems interesting.
I think that's how total pattern extreme PRZ need to work, otherwise it would be just gambeling entering a trade with such a huge PRZ.
I can send you in PM the ratios I put to get all gartleys and butterflys(that you must check FC in order to take em)
Did you take XA 2x of the 121 pattern and just put the other 0.0% fib over the c point?seems interesting.I think that's how total pattern extreme PRZ need to work, otherwise it would be just gambeling entering a trade with such a huge PRZ.I can send you in PM the ratios I put to get all gartleys and butterflys(that you must check FC in order to take em)
Yup, that's exactly how I did. I'll test and apply FC to every pattern I find. I know right? TOTAL patterns are hard to trade. Hope FC will make it easier
that's what happened when you compromise over 6 pip convergence because it looks like a bat pattern..
you take loss(-27 pips), I decided to close because it closed beyond my next fib level 100%.
from now on, i'll look for at most 0-4 pips on 30m-60m
on 5m-15m I think 0-2 pips convergence.
Bullish 222 gartley 0 pip convergence - 88.6% retracement with 100% expansion
that my mbtrding feed,
my fxcm feed is 2 pip convergence, still good one..
bearish butterfly 5m USDJPY
there is a 222 gartley on 127.2 with XA leg abit higher, but i'll ignore it since ABC has shallow retracement(23.6-38.2) - trend is strong to the upside
I know convergence should be tight but take a look at this. There's 10pips convergence between 78.6 and 200 so I guess most of us would call it invalid but maybe this is something to consider sometime.
I think FC does work on ABCD pattern too. Almost zero convergence.
I know convergence should be tight but take a look at this. There's 10pips convergence between 78.6 and 200 so I guess most of us would call it invalid but maybe this is something to consider sometime.
if i'll bend the convergence rule it'll be not to my advantage for sure, I wouldn't touch it i'll be using high leverage soon on those, and I really don't want to risk capital especially when you see 3 perfect convergence everyday
and I wouldn't got filled on that one anyway because my entry would be on the 200%
I remember last night I was looking at this trying to see if there is something better..