Forex Patterns

[ea shop]

Hello All:)

This thread is created to show and discuss The Best Forex Patterns.

Good Luck Friends

[ea shop]

The Best Forex Patterns

A buying opportunity in EURCAD currency pairs

The following chart is about EURCAD currency pairs in 1 hour time frame which according to the technical analyses and their indicators we can expect a good buying opportunity.

 

This buying opportunity appears several times in this chart.

 

A buying opportunity in EURCAD currency pairs

Harmonic pattern of AB=CD

 

The main technical pattern in this example is the harmonic pattern of AB=CD which has the ideal ratios of 127.2=78.6. This pattern is one of the strongest reversal patterns which mostly forms during the price corrections. Other important ratios of this pattern are 161.8=61.8 or 200=50 which they have golden ratios.

 

 

 

Candle stick patterns

 

In forming the D dot, the formation way of the candlestick patterns is very important. In this example, the formation way of the candles shows that a bottom price is formed and the falling of the prices is stopped. Among the formed candles, there is an inverted hammer candle stick pattern which shows the possibility of stopping of price falling as you can see in the picture.

 

 

 

Observing the fifth waves of Eliots’ waves pattern

 

Type of formed candlestick patterns with the important pattern of AB=CD is a very important warning about the rising of the price. At this time, another technical analysis, Eliots’ waves, reinforces this rising of the price. On the CD side of AB=CD pattern you see a movement of the fifth wave of Eliots’ wave which obeys all of the important rules of the Eliots’ waves and also issues the end the falling process. The combination of the Eliots’ waves and harmonic patterns provide a clear analysis of the market for the traders.

 

http://fxmim.com/blog/wp-content/uploads/2012/01/best-pattern.jpg

[kidrock]

guys, I just saw this topic ..

 

I also love trading using the harmonic style, and on this forum there is some interesting material.

There is a forum on the web specialized in this style is very interesting and I could see for yourself, long ago I joined and I have benefited.

Lately I have also tested a "Web Monitor Software" which is called "AMP Monitor", prepared by the Forum of guys I am talking about.

 

have a look:

http://tradingarsenal.com/forum.php

 

tons of indi, videos, and so on..

 

I agree with you, it's an interesting style. I hope to be helpful for someone like me is interested in improve himself more and more in this style.

 

It 'a pleasure to compare with people who have experience or with people who, like me, want to improve.

[ea shop]

Ideal harmonic pattern in the currency market

 

 

Harmonic patterns, which are based on Fibonacci’s ratios in charts, are considered as one of the important and powerful kind of patterns among technical patterns of market. However, using other technical elements with harmonic patterns simultaneously may present more intelligent results for traders. The following example, whichis about EUR/AUD in 4h time frame, is a good example of using harmonic patters with other technical elements in the same time.As you can see, The formed pattern here is AB=CD pattern which consists of 50-200 ratios. This pattern is one of the ideal and harmonic patterns in the market. Other harmonic patterns are:

 

1. AB=CD 61.8=161.8

2. AC=CD 78.6=127.2 or 76.4=127.2

 

The above mentioned harmonic pattern is a recursive pattern which forms at the end of a descending trend or an ascending trend and causes a change in the price. When this pattern is in the Point D and it is going to be complete, the best analysis is reviewing the formationprocess of Candle stick pattern. This analysis will give us a real analysis of the market’s situation. Formation of candle stick patterns in this time can be a good proof of accuracy of AB=Cd pattern. By considering point D we find out about the formation of 3 recursive candle stick pattern named:

 

Shooting star

Hanging Man

Doji

 

These candle stick patterns, which all of them show the possibility of formation of a peak price and falling of the price, confirm the point D. the cooperation of these two technical analyses prepare a good selling opportunity for traders.

http://fxmim.com/blog/wp-content/uploads/2011/12/abcd-50200.jpg

[shabz]

I like trading 1-2-3 patterns, they follow the flow of the market.

 

You also get many opportunities to enter a trending market on pullbacks.

[ea shop]

GBPCHF,H4

Harmonic patterns and Elliott waves.

 

Elliott waves and harmonic patterns are two most important technical analyses in order to predict the currency and stocks’ market. Many traders are using these analyses to be more successful. Although, these technical analyses are separated and different from each other but in fact they cooperate very well in the market. For example, a Harmonic Gartley pattern, most of the times, forms in the second wave of an advanced wave which, in fact, is the correction of the first wave movement. This formation happens several times in charts and at the same time sends good signals to technical traders.The following chart is GPB/CHF currency pairs in 4h time frame which shows the above point perfectly. However, A harmonic pattern’s expert can easily determine and draw this pattern which consists of X,AB,C,D points. When the point D is forming, a movement in the fifth advanced wave is also forming (from D to E). This simultaneous formation duplicate the importance of Crab pattern. These 5 waves, which are in complete accord with the Eliot’s rules, are determined by the green color:

 

1. The third advanced wave is not the smallest wave.
   
2. The fourth wave has an acceptable overlap with the first wave.
   
3. The corrective wave of number 2 has a good reversal. (The second wave cannot start correction until the first one starts)
   

 

 

Another important point is the clarity state of fifth wave which confirms and issues the end of main fifth wave.

 

5 to 5

 

In studying Eliot’s wave, when we want to open a position unlike the current trend, it is logical to get a confirmation from the fifth wave. This confirmation is the internal counting of fifth advanced wave. When a trader counts the fifth wave correctly and according to the Eliot’s rules, he will have a successful trade.In this chart, the internal counting, which is according to the above rules, is determined by the blue color. Finally, it shows that the completion of these five waves is finished with a smaller ratio in the main fifth wave.

 

www.fxmim.com

Written by the analytic team of FXMIM Company

http://fxmim.com/blog/wp-content/uploads/2011/12/untitled11.jpg

[Sixer]

ea shop,

 

did you notice that your elliott count is not acc. to rules - you have an impulse count with an intersection of wave "1" und "4".

 

Sixer

[ea shop]

ea shop,

 

did you notice that your elliott count is not acc. to rules - you have an impulse count with an intersection of wave "1" und "4".

 

Sixer

 

Hello Sixer

Thanks for your Comment

[ea shop]

Technical Analysis(AUDCAD)

A short study of descending channel in the price charts

 

Price channels are very useful tools in technical analysis to predict the future movement of the price. Price Channels consist of peak and bottom price, in fact they are like supportive and resistance lines. The following chart is the chart of audcad which you can see the descending price channel in it, also you can study the rules of prediction of a price channel movement in it very well.

 

Exchanging in the price channels

 

When a price channel is in a falling position the priority is with selling opportunities. Visa versa, when the channel is in a rising position the priority is with the buying opportunities. However, the best kind of trades, which have less risk, is trading according to the general trend line of the price.

 

In the drowned price channel, the basic points are determined by the red color. They consist of two price peaks. a descending trend line is shaped by Connecting these two lines will. As you can see, when the price reached this line for the third time, it did not have the ability to pass it and just a long shadow of the line remained. This long shadow is the sign of buyer’s lost. Continuing this process, the line forced the price to go even lower. From technical point of view, this time, is the best time for selling.Another important point here is the supportive line of this channel. This supportive line helped the price to improve its position and go higher twice. In the point number 4, a beautiful hammer pattern is formed which issued the warning of a rise in the price very well.

 

Note:

 

Another important point in this channel is in the drowned supportive line. To draw the channel or the supportive level we should use the point number 2.most of the traders ignore this point and connect point 3 to point 1 directly which is wrong. (The bottom price in the point 3 is under the influence of point 1 and 2.

 

Written by the analytic team of FXMIM Company

www.fxmim.com

 

http://fxmim.com/blog/wp-content/uploads/2011/12/audcad.jpg

[kidrock]

Hi Ea, surely you know your business :), very good analisys, we would be pleased to have your contribute also in another harmonic community :), hope to see you here :) tradingarsenal.com :)

 

here some good example of harmonic patterns :) http://forexharmonictrading.blogspot.it/

[ea shop]

The Best Forex Chart Trading Pattern

Changing Resistance levels to support levels

EURUSD,M15

 

 

By studying and reviewing the currency pair’s diagram, you can find a strong technique which can help you to analysis the market better. When the support levels or resistance levels are broken by the price and cross these levels, when they will come back and come near to these levels again their properties changes and they will play a new role.You can use it as a support level if the broken level was a resistance level or you can use it as a resistance level if the broken level was a support level.

 

Written by the analytic team of FXMIM Company

 

http://www.tradingsystemforex.com/attachment.php?attachmentid=27131&stc=1&d=1334727132

[ea shop]

The Best Forex Patterns

Technical analysis of currency market

 

The below chart is the CHFJPY chart in 1 h which is a good educational example to show a technical analysis with a high accuracy. There is a non-ideal harmonic pattern of AB=CD with 161.8 and 78.6 which is look like an ideal pattern. Simultaneous existence of different techniques and other analyses prove the accuracy of this technical analysis. The important point here is that, this pattern is formed from a descending trend and it is possible that this pattern is the reformed form of its descending form and thissupposition increases the possibility of another descending trend.

 

 

Points to remember:

 

1. You should always check the last point of harmonic patterns, point D, and also using Candle stick technical analyses are helpful for this purpose. At the end of this pattern usually form a Shooting Star candlestick pattern which shows that the buyers are not successful to reach higher goals and so they retreat.

 

 

2. In the below picture, the red horizontal line is drawn from a very important price support linewhich was a resistance level in the time of completion of the AB=CD pattern (because to the breaking of the line and passing of the price). End of AB=CD pattern is near to this line and gives hope to the sellers that it will block raising of the price.( remember that due to the variety of the brokers’ pricing data point D would touch this line in some of the brokers).

 

 

3. Among the reversal rations, Fibonacci 50 is one the most important reversal ratios to reform the price which usually forms in the charts. The end of AB=CD locates in level 50 of its previous descending trend, thus, the possibility of formation of a top for the price is twice.

 

 

Written by the analytic team of FXMIM Company

FxMIM Company | World Forex Championship and Best Forex Services

 

http://www.tradingsystemforex.com/attachment.php?attachmentid=27143&stc=1&d=1334810686