Which brown triangle?Descending or ascending patterns? If yes so look at the following description:
the above post on the 2017.10.30
Or this image?
This is iFibonacci indicator for MT4 (download from here).The indicator is showing patterns with Show Pattern = true in the settings.
Those are Harmonic Patterns.You can read it on the following book -
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read January 2014
Sergey Golubev, 2014.01.09 16:52
Scott M. Carney
Harmonic Trading creator Scott Carney unveils the entire methodology to
turn patterns into profits. These strategies consistently identify the
price levels and market turning points that reveal the natural order
within the chaos of the financial markets. Analogous to the predictable
behavior of many of life’s natural processes, Harmonic Trading examines
similar relationships within the financial markets to define profitable
opportunities in an unprecedented manner. Carney introduces new
discoveries such as the Bat pattern, Alternate AB=CD structures, the
0.886 retracement, and more. These strategies are entirely new to the
trading community, and they represent a profound advancement beyond all
other Fibonacci methodologies!
After you’ve discovered how to identify harmonic patterns, Carney
presents a complete methodology for applying them in trade execution and
handling them throughout the entire trade management process. From
savage bear to rampaging bull, Harmonic Trading can be employed in all
markets--equities, currencies, commodities, and foreign markets--for
both short- and long-term timeframes.
And there is video too
Sergey Golubev, 2014.01.12 11:30
The Gartley Trading Method: New Techniques To Profit from the Markets Most Powerful Formation (Wiley Trading): Ross L. Beck
A detailed look at the technical pattern simply referred to today as the Gartley Pattern
Gartley patterns are based on the work of H.M. Gartley, a prominent
technical analyst best known for a particular retracement pattern that
bears his name. In recent years, Gartley patterns-which reflect the
underlying psychology of fear and greed in the markets-have received
This definitive guide skillfully explains how to utilize the proven
methods of H.M. Gartley to capture consistent profits in the financial
markets. Page by page, you'll become familiar with Gartley's original
work, how his patterns can be adapted to today's fast moving markets,
and what it takes to make them work for you.
Gartley's pattern is based on a unique market position where most
traders refuse to participate due to fear. This book reveals how you can
overcome this fear, and how to profit from the most consistent and
reliable pattern in the financial markets.
The the links -
Sergey Golubev, 2009.10.21 07:08
Thanks you very much Mr Sergey
Sergey Golubev, 2018.01.12 15:04
Intra-Day Fundamentals - EUR/USD, GBP/USD and USD/CNH: U.S. Retail Sales
2018-01-12 13:30 GMT | [USD - Retail Sales]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Retail Sales] = Change in the total value of sales at the retail level.
From cnbc article :
EUR/USD M5: range price movement by U.S. Retail Sales news events
GBP/USD M1: range price movement by U.S. Retail Sales news events
USD/CNH M5: range price movement by U.S. Retail Sales news events
Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:
All about BrainTrading system for MT5:
Sergey Golubev, 2018.01.17 07:01
Germany adds yuan to reserves
GERMANY’S central bank has said it will include the Chinese yuan in its reserves, giving another boost to China’s drive to internationalize the currency.The Bundesbank said its board had decided in July to invest in the yuan to take account of its growing importance globally, though it did not say when it would begin to include it or how much it would purchase.“The decision to accept the yuan is part of a long-term diversification strategy and reflects the growing role of the Chinese currency in the world financial system,” Bundesbank board member Joachim Wuermeling said.The German central bank regularly reviews the composition of its currency reserves “by weighing risks and benefits,” Wuermeling said.“In addition to dollars and yen, (the bank) has invested in Australian dollars since 2013 and seeks to invest in other currencies.”The move comes after the European Central Bank in June converted 500 million euros’ worth of its US dollar reserves into yuan.
Sergey Golubev, 2018.01.30 17:16
Intra-Day Fundamentals - NZD/USD, USD/CNH and Dollar Index: The Conference Board United States Consumer Confidence Index
2018-01-30 15:00 GMT | [USD - CB Consumer Confidence]
[USD - CB Consumer Confidence] = Level of a composite index based on surveyed households.
From official report :
NZD/USD M5: range price movement by U.S. CB Consumer Confidence news events
USD/CNH M5: range price movement by U.S. CB Consumer Confidence news events
Dollar Index M5: range price movement by U.S. CB Consumer Confidence news events
Sergey Golubev, 2018.02.05 07:43
USD/CNH Intra-Day Fundamentals: Caixin Services PMI and range price movement
2018-02-05 01:45 GMT | [CNY - Caixin Services PMI]
if actual > forecast (or previous one) = good for currency (for CNY in our case)
[CNY - Caixin Services PMI] = Level of a diffusion index based on surveyed purchasing managers in the services industry.
USD/CNH M1: range price movement by Caixin Services PMI news event
Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4: