Ah, Isee you already posted this on your watch list. Sorry

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USDJPY H4 Bearish Flag / Rising Wedge? image

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OK I see what you are saying. I do think that many traders would take the same trade though and so far it has done ok. At the current level there has already been ample opportunity to lock in profits. Looks good to me but I too am no expert.

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Shemski's short was obviously taken from a rejection of the resistance line. Do you not agree that this is a viable way to trade? Pity there doesn't appear to be any other chart pattern. image

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After looking at the info at the link I posted above I decided to have a look at the Gold Monthly chart. Thought I would post the image below for interest. image

A new look at Wolf Waves

OK, here is my problem. You are seeing a pattern and you are posting the chart..... but those of us who are reading your posts may not see what you are seeing. I think it would be beneficial for us all if you would make it completely clear what you ...

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Can I make a suggestion? I think things would run more smoothly if you used chart examples which showed clearly the area of formation that you are talking about. On this example you have arrows all over it and you have a sell trade in play. Please ...

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No wonder I couldn't see it! I was looking at the top right of your chart (drawn in by your sell entry). OK, I'm with you now.

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If anyone else is following and can spot the pattern please help me out here

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You only posted 2 3 line strike patterns. I tried to copy and paste your screenshot but it appeared as the link below. url

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I am referring to your 1st example. There is no green arrow.I can see the pattern in your second example with the arrow.

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I understand the pattern and I see it clearly on Bulkowski's site. I don't see it in your example. Can you please highlight the candles you are referring to in the chart you posted? Thanks

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I stumbled across this and think it is worth a look. url

A new look at Wolf Waves

A couple of brokers that I use provide me with a free subscription to AutoChartist. I think this is similar to a screener. I receive emails containing various patterns that are in the making or I can log in online to view them. To be honest I have ...

A new look at Wolf Waves

Hello Shemski, I am a bit confused (sorry, I am not trying to be the awkward one in the classroom - I am genuinely interested and want to learn). You are quoting a bullish reversal which is backed up by the link you attached but your example is a ...

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Here is some examples of what I would call a flag (continuation pattern) image

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The Adam and Eve Double top is outside of the pattern that i was using as an example. I will find a better one.

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What is your opinion from this triangle Darryl?

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AUDCAD not GOLD

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Here is my take on a flag. This is AUDCAD H4. It may or may not be a flag - I chose this example quickly to respond. image

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