ZumZum » Tue Oct 27, 2015 8:49 pm wrote:

blazej » Tue Oct 27, 2015 4:22 pm wrote:CJ,

and if the same pattern is repeated on tick chart many times then is should repeat itself on m1, m5, m15, h1 and h4 before it matures to daily timeframe. But You also say that the pattern will be repeated as a whole, from the beginning till now...but how...
I have downloaded EURUSD data from past ten years and been searching for ongoing daily pattern. And I did not found exactly the same pattern. I presume that I simply did not seen it as You see them. Is that correct? Can EURUSD daily pattern be found within last ten years of data?

Cheers,

Blazej

fiox » Tue Oct 27, 2015 4:04 pm wrote:CJ,

you say "how can a tick chart pattern that takes 10-15 seconds to print become the exact same pattern on a D1 chart that takes months and years to print? "

I think, because price is fractal (?). But the question is: between dozens of tick chart patterns, how do you pick up the right one ?

you expect that the same pattern on tick chart is repeated many times ?

:hi:

PogMeme » Tue Oct 27, 2015 3:39 pm wrote:Hi all, would like some feedback on these charts:


AUD/CHF 30m (second picture, opps)
1. This looks like BARF setup to me, unless the BARF trend line requires 3 points.
2. Price begins to climb rapidly with decreasing volume.. in the first half- two thirds. Does volume need to be decreasing the entire time?
3. At the beginning of the yellow line down looks like a good place to enter short, but the yellow boxes show that the stop point ends up being taken out.
Anything I missed in this trade that was a warning signal to not take?


Next I have the same chart in the 1hr frame.
1. Similar BARF setup (because it's the same chart! =p)
2. The volume downtrend looks a bit better this way If I just connect the peaks
3. Is this a valid M pattern?
4. Is this a valid line for "bull trapping"?
5. If I were going short here, I would be short probably at the break of the valley of M.

Thoughts?