Well thought out thread, and nice approach. Slight error on post #3 which labels last low as LL and it should be HL. Question: Is the E line always horizontal? I will be interested in how you pull everything together. I did some experimenting with ...

The SETUP and the Chuvashova Fork

Looks very interesting. In the detail appendix of the PDF it shows a return of approx 5% total in 3 years, which is only about 1.6% a year. Am I reading this correctly? Still I think it is worth following up, maybe with shorter time frames. Have you ...

Detecting Fake Price Movements - Convergence Divergence Indicator

Are you talking about forward testing, because if you are, one week is hardly enough time to get any reliable results. And what about trading methods which require the total of the traders knowledge to implement.

Welcome to Testing Club, put your strategy to the test

Sorry, I just realized that it refers to max spread

MT4 Trading without GAP and without Excel

I like your dashboard, but could someone tell me the significance of the pairs changing from blue to grey or grey to blue.

MT4 Trading without GAP and without Excel

Hmmmm. I've been trying to figure out a helpful way of replying to this thread, because I was where you are now five years ago. I would say that all the well meaning comments above are probably valid, but I am sure that you are aware of most of the ...

5 years and still no strategy

Very valid point. I have always maintained that pips should not be the measure of a trade. The important thing is the percentage or dollars gained or lost. If you keep the risk constant (e.g. 1 or 2%), it doesn't matter whether you have a 5 pip or ...

Obsolete and inefficient concepts which we take for granted

To go against AiWoz above, I think that % of profitable trades is useful since it gives you an idea of how successful you have been in identifying trades with positive outcomes. Yes, I know that some traders maintain that you can be profitable with ...

Percentage vs. Pips per Trade vs. Pips per Day/Hour!

I think everyone is off track here. Pips on their own are meaningless. e.g. 1. 10 pips (SL & TP) is the same as !00 pips (SL & TP) if the risk is kept the same. The only thing that matters is % gain or dollar gain. 2. I often see traders here ...

Percentage vs. Pips per Trade vs. Pips per Day/Hour!

Great Expo, Your analysis is much clearer now. You have added a new dimension to WW. I like the fact that you have a heads up as point 4 is approaching 5. Too many people are trying to see a WW even before price reaches point 4.

A new look at Wolf Waves

I don't understand it. Trump tweets and the market moves. I'm more knowledgeable than Trump, but if I send a Tweet - nothing happens.

Since when is London the crappiest trading session?

[quote=Expo33;9616075] As profitkeeper stated, a bit of a bumpy road, but still valid with potential to trade if you understand the sweet zone. I am assuming you entered to early and got stopped out. The chart below shows your trade. I used the 30 ...

A new look at Wolf Waves

According to your first chart, Goldman sold EU in January but would have got stopped out on February 2 if the SL shown is correct??

Bank Currency Strength

It happens. The only thing That is questionable on this pattern is the double bump on point 2 and yes, point 5 was a bit high. To answer your question. If it is a perfect pattern, then I don't need confirmation. In this case, I would just put it ...

A new look at Wolf Waves

I guess the thread is still alive. I know there are some people (including myself) who are still trading WW, but most also trade other methods as well. When I spot one, I trade it. You basically look for wedge shapes and see if a WW fits. If it ...

A new look at Wolf Waves

No is the answer to your question. All the ones you mentioned (and my favorite - fib weekly pivots) have a 50-50 chance of bouncing or breaking through. The idea is to closely observe price action (candle patterns) when price hits those levels (or ...

Is there a point where the price almost always bounces away?

There are many free ones here and other sources. You mentioned wedges and flags. A wedge scanner is part of a scanner that Oanda offers for free. Just open a demo account and get it. I am attaching a flag indie. file

Seeking advice on scanners

Thanks for your analysis. I can see that there can be some discretion in a case like this.

Before/after analysis, the method to which I obliged my success!

I was looking at the daily gold chart and would like your comment on where the high should be located for the Gann fan. Is it where I have illustrated, or at the later spike or further back? image

Before/after analysis, the method to which I obliged my success!

"2. The price has already quite briskly gone up to the level 8:1. There was a false breakdown 8:1 to the resistance 1.09196. I expect that the price will fall, because the 8:1 will resist. 3. The depth of the fall - this is the main issue right now. ...

Before/after analysis, the method to which I obliged my success!