I`m curious how news traders can predict the market, i mean suppose a non-farm report in the US, it can be forecasted by some genious economists, but they dont always get it right. So we cannot know the results of a nf report before its released, 1 ...

why have you accepted the price-predictability assumption?

I stated in my previous post, that incorrect usage of correlations doesnt give you any advantage, however there could be one method, which i didnt tested. The dollar index (usdx) which is , quoting wikipedia: url Which could theoretically give you ...

why have you accepted the price-predictability assumption?

Does that matter? We just wait for a breakout, check the volatility increase, and then wait for a period of consolidation, and then trade the pullback.Doesnt matter when the pattern comes, just check the chart frequently and when you see a breakout ...

Trading the "U" shaped pattern

Ok i think some people misunderstood me, take for example the GBP/USD & EUR/USD , if something bad hits the USD, like for example less jobs, or bigger inflation, this hits the USD very hardly, this could trigger an uptrend in the GBP/USD & EUR/USD, ...

why have you accepted the price-predictability assumption?

Hmm, ok then, thanks for posting, i will check the thread and see what i can learn from there to incorporate in this system too.

Trading the "U" shaped pattern

True, but there they happen almost instantaneously, there is only a small "window of opportunity" , probably a few miliseconds , if the EUR/USD goes up, the GBP/USD will go up at the same time, or not go up at the same time, it wont be any delay ...

why have you accepted the price-predictability assumption?

Yeah i havent searched the entire forum to see if there is anyone talking about similar things.But the difference in this thread is that we only trade the pullback, since the initial breakout is probably unpredictable, so we wait for the ...

Trading the "U" shaped pattern

I have all of his books, but ty anyway.But still this pattern is a good idea to trade Besides he uses stock markets to find patterns, and this is a forex forum, and i know that forex and stocks markets are not very similar in terms of patterns. ...

Trading the "U" shaped pattern

The GBP/USD is 70% correlated with the EUR/USD so i guess it will be very similar, it's only different by the spread, but still similar, so good luck with that Anyway, the pattern is the objective here, so any choppy & high volume market will do ...

Trading the "U" shaped pattern

Here are a few examples of this pattern on higher timeframes, for longer term traders: Hourly chart: image Daily chart: image NOTE: As you go higher and higher in timeframes, the volatility increase caused by the breakout is harder and harder to ...

Trading the "U" shaped pattern

I traded 4 trades with this pattern already in the past 2 days on the E/U, and won all 4 of them, its a very powerful pattern I dont know about GBP/AUD, but with E/J you might have a point, but still i think the E/U is decent too, however i didnt ...

Trading the "U" shaped pattern

2) I didnt ignored it, i learned from it.This is the test, its hard to backtest it and quantify it, but i have a very strong feeling its a profitable pattern, i`ve encountered a few other similar situations and know how to trade them.Its just a ...

why have you accepted the price-predictability assumption?

Hey i just opened the official thread about my "U" shaped pattern, we can discuss it there in more detail because here it seems like this thread is now a flaming war. Here is the link: url My pattern is explained in detail there, so come check it ...

why have you accepted the price-predictability assumption?

I didnt said identically the same, but closely the same, i trade on m1 and if my strategy works on m1 it could work in any other timeframe. Oh like you have a perception, the only perception you have is to insult people and call them "muppets" if ...

How many trades until a system is proven, not just lucky?

Yes, i like to trade small sizes, to limit my exposure to the market.But i got another 100~ pipettes later that day scalping this little section: image If you noticed, this was also my pattern, the boob one as how you like to call it guys. I just ...

why have you accepted the price-predictability assumption?

Actually it was like 2-3 consecutive bars on M1, because it has a big momentum, but whatever, you dont have to worry about me. I just put a quick buy order after the retracement started, and bingo 102 pipettes there, and -42 pipettes the loser trade ...

why have you accepted the price-predictability assumption?

Damnit, i should check fundamentals more often, check out this, according to the FF calendar, just now @ 15:15 according to my timezone, was a high impact news.It was a nonfarm employment change in the US, and it was better than expected so negative ...

why have you accepted the price-predictability assumption?

Yeah but i dont really care to explain the pattern.Some guys will say, support/r lines, others say deman and suppy levels , others will say eliott wave..... all bullshit. It is a volatility pattern! Here is what causes it = the volatility increase & ...

why have you accepted the price-predictability assumption?

Yeah bulkowsky calls it rounding top, others call it boobs, i called it the U shaped pattern, whatever, they surely have imagination.But probably we were not talking about the exact same pattern. The rounding top is too round, i didnt talked about ...

why have you accepted the price-predictability assumption?