Predictive chart patterns and set ups

oildaytrader · Mar 14, 2010

This thread is about patterns which fortell where price is going.All set ups need to be applied in conjunction with trend lines ,fundamentals and intermarket indicators.Please post your predictive set ups and patterns so we can all learn.

In this example euro usd fundamentals call for a euro usd price of 1.45 and trendlines are down on the dailies.

The saucer pattern is one of the best predictive patterns.

http://www.actionforex.com/articles...als/chart-patterns-vi:-saucers-2006101011910/

http://www.trade2win.com/boards/for...ading-live-calls-set-ups-210.html#post1078254

oildaytrader · Mar 14, 2010

Pattern 2 trendline breaks and retracements back to trend lines.

On the left of the chart is the break of the downward trendline on 25 february.Trendline breaks are best traded after confirmation of a new trendline.On 26 th february the fourth arrow shows a retracement to trendline with momentum.Retracements to the trendlines are really good signals , if confirmed with momentum.

http://daytrading.about.com/od/stou/a/TrendLineBreak.htm

http://z.about.com/d/daytrading/1/0/u/1/-/-/trendline_break.png

http://www.daytradersbulletin.com/html/mentor090399.pdf

oildaytrader · Mar 14, 2010

Pattern 3 Trend /breakout retracements in trend continuation .These are retracement trades after a trend /breakout has been confirmed.The price consolidates and continues on the orignal direction of breakout/trend.This pattern works well when confirmed by trend lines and longer time frames.

http://www.trade2win.com/boards/for...ope-retracement-system-fxigor.html#post276221

http://www.trade2win.com/boards/for...ope-retracement-system-fxigor.html#post276222

Here is a example of this set up making money on live calls.

http://www.trade2win.com/boards/for...ading-live-calls-set-ups-200.html#post1075664

http://www.trade2win.com/boards/for...ading-live-calls-set-ups-196.html#post1074976

oildaytrader · Mar 14, 2010

Here is an example of Dax making many attempts to retrace back to the trend lines.Tells you where the price is heading.

oildaytrader · Mar 14, 2010

oildaytrader said:
Here is an example of Dax making many attempts to retrace back to the trend lines.Tells you where the price is heading.

This is where the price ends up .Higher as expected.

oildaytrader · Mar 14, 2010

The 4 th pattern is an instant reversal pattern.A picture speaks a thousand words.

On the left of my chart are two intraday instant reversals to be bought.They predict the rejection of price fall and a support for price rise.These types of reversals to trend lines are winners.

http://www.trending123.com/seminar2/1-2-3-Bullish-Trend-Reversal.html

http://www.investopedia.com/university/technical/techanalysis8.asp

oildaytrader · Mar 14, 2010

Pattern 5 inside bar with filters ,momentum,trendlines and reversals are high probability inside bars

http://www.trade2win.com/boards/for.../34924-inside-bar-trading-10.html#post1069048

oildaytrader · Mar 14, 2010

Chart pattern 6 ;Confirmed Directional attempts

Here is a brilliant chart pattern .

It makes 3 attempts to go higher , followed by a 4 th failed attempt , and finally it breaks on 5 th attempt.One could clearly see direction after 3rd attempt rejection, and subsequent reversals

http://www.trade2win.com/boards/gen...easily-make-1000-per-year-24.html#post1065708

oildaytrader · Mar 14, 2010

Chart pattern 7:Tweezer and long wicks (shorts is opposite set up)

Another brilliant pattern on the dailies Notice the size of wicks on most of the candles ,the long lower wicks suggest price does not want to remain lower , but wants to head higher.Finally the dailies make a 123 up move.

oildaytrader · Mar 14, 2010

Chart pattern 8:Gaps at begining of trends .

This is a great pattern to trade if all the underlying set up shows the start of trend.I normally like to trade gaps in the direction of my underlying trend or preceding trend

http://www.investopedia.com/articles/trading/05/playinggaps.asp

http://www.youtube.com/watch?v=UdZR3wG6Mqc&feature=related

oildaytrader · Mar 15, 2010

Here is a nice rectangle pattern in a uptrend.All chart patterns are more effective when trading with the trend .

High Probability Trading

oildaytrader · Mar 21, 2010

Chart pattern 9

Trendlines on hourly charts confirmed by intermarket instruments.Here both euro/usd and gbp usd should show the same trendlines.

These intermarket confirmation entries have higher probability.

oildaytrader · Mar 23, 2010

Some nice chart patterns and explanations on wedges, triangles and pennants.

http://www.mysmp.com/technical-analysis/pennant-chart-formation.html

Chart pattern 10:
Head and shoulders along a trend line is another high probability set up.

oildaytrader · Mar 23, 2010

Loads of great reviews on this book by Suri duddela

http://www.surinotes.com/

http://www.surinotes.com/index.cfm?CSEL=8001

oildaytrader · Mar 23, 2010

Had a look at the above highly recommendation from many.I would not buy or bother with it, just another opportunist author trying to make money from selling books.

He makes trading more complicated than what it really is.K I S S keep it simple stupid (so stupid people can do it).Wouldn't recommend it to new traders.

Most of the stuff is rehashed and renamed with a load of B S for the new idiots to believe and get impressed.Rating crap.

http://fliiby.com/file/224286/zkgdks7cxu.html

LoveToTrade · Mar 25, 2010

Nice one ODT. Nice. Great info here, love the charts.

Thanks.

oildaytrader · Mar 25, 2010

Chart pattern 11

Triple trend lines .Here the triple trend line are all showing an uptrend on euro usd.

oildaytrader · Mar 25, 2010

Loads of profitable trading set ups in this thread

http://www.trade2win.com/boards/for...ading-live-calls-set-ups-258.html#post1088730

oildaytrader · Mar 27, 2010

oildaytrader said:
Chart pattern 11

Triple trend lines .Here the triple trend line are all showing an uptrend on euro usd.

The result of triple trend lines on the following day is in the following chart.It ends up higher ,after giving a great risk free opportunity with a 100 pip fall.

oildaytrader · Mar 27, 2010

After the patterns have been posted , we will move to trading these patterns for profit.
We will look at money management, positive expectancy ,indicators,stops and fundamental analysis.We will compare these predictive patterns with ordinary chart patterns, and prove why the predictive chart patterns have an edge.

Predictive chart patterns and set ups

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