Counter Layout

[mieloo]

another one , but with a long wait before break B

why i choose a far away X? because imo on eurusd a correction that deserves to be taken into account should be over 15 pips. the longest one was 13... so X at the start of the move.

[GT3RS]

another one , but with a long wait before break B

why i choose a far away X? because imo on eurusd a correction that deserves to be taken into account should be over 15 pips. the longest one was 13... so X at the start of the move.

Hi mate,

I don't follow you?! There were plenty of pullbacks bigger than 15 pips?

I too saw that pattern, but didn't trade it because I had X just below that big candle and the target would have exceeded X...........

I also noticed that on my feed, the previous deal you showed would have been a loser as it missed TP by about 1.5 pips.

Can you please explain what you mean above?

Many thanks,

Rob

[mieloo]

from X 21:10 on my chart till A, i dont see a bigger than 15 pips pullback. the biggest was 13.

now when i say BC=TP, this includes spread, so if BC = 18 pips , TP = 18 pips from point B, the profit is 18 - 2 (spread) - 1(from the break) = + 15 pips.

if the target get's over X, then what i do is to shorten it till X+/-2.

[GT3RS]

from X 21:10 on my chart till A, i dont see a bigger than 15 pips pullback. the biggest was 13.

now when i say BC=TP, this includes spread, so if BC = 18 pips , TP = 18 pips from point B, the profit is 18 - 2 (spread) - 1(from the break) = + 15 pips.

if the target get's over X, then what i do is to shorten it till X+/-2.

Hi Mieloo,

Thanks for the clarification.

I see now the last chart is during Asian session, which I don't trade.

This pattern is clearly very powerful, so many thanks for sharing!

Rob

[mieloo]

2 recent signals.
there where more , but outside of my trading hours.

[mieloo]

another

[mieloo]

i just took another trade.

[mieloo]

this one had only one problem, the XA was only 28 pips.

[mieloo]

the third one today... this i missed because i was out buying bread... so i need a robo.
there are days when you dont see the pattern , and days that are full of it... so i need a robo.

[mieloo]

i believe that this pattern it's a winner, as i follow it for more than a year.
and for easier coding i will use the smaangle for determening the XA. i got the idea as i was posting to my other half top - half bottom thread.