If price moves in the general direction of the arrows, feel free to ask what this was about
If it doesn't, assume this post never happened
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Accumulating for next move up perhaps..?Angat » Mon Dec 15, 2014 11:08 pm wrote:I've been waiting on the NZDUSD move 3 up all frickin day...I have feeling it will happen between now and tomorrow morning, but I'm pretty fed up watching it.
Hi Dudest. There's a pattern called the Spring which I think is similar to this concept. I've been trading it for moderate success as of late.dudest » Tue Dec 16, 2014 4:33 am wrote: Hi Tommiho
I see:
- BARF-like formations
- Distorted volume traps
- A certain head-and-shoulder-like pattern that happens at S/Rs that's essentially a stop-hunt ( a 'head-fake' )
The couple of times I've noticed it, that head-fake appears as an RRT or a pinbar.
At L3, it's a super sign that price is about to turn
And depending on the time-frame, the 3 points/areas a, b and c can be the extreme points of a BARF (showing exhaustion) [ e.g a=H, b=HH, c=LH ]
If it's anything like spring mentioned in pips400 pdfs read them too.Direwolf » Tue Dec 16, 2014 1:51 am wrote:Hi Dudest. There's a pattern called the Spring which I think is similar to this concept. I've been trading it for moderate success as of late.dudest » Tue Dec 16, 2014 4:33 am wrote: Hi Tommiho
I see:
- BARF-like formations
- Distorted volume traps
- A certain head-and-shoulder-like pattern that happens at S/Rs that's essentially a stop-hunt ( a 'head-fake' )
The couple of times I've noticed it, that head-fake appears as an RRT or a pinbar.
At L3, it's a super sign that price is about to turn
And depending on the time-frame, the 3 points/areas a, b and c can be the extreme points of a BARF (showing exhaustion) [ e.g a=H, b=HH, c=LH ]
http://strategy4forex.com/trading-on-th ... ttern.html
I don't know Sean, this thing looks like it can go up forever. The oil prices going down. Cad weakening, $ strengthening.seanyd » Tue Dec 16, 2014 12:57 pm wrote:Same as UJ a week ago only different ?![]()
Made the same mistakes too