I don't see these as flag patterns. These are just pull backs. The TPsmay be correct according to your strategy (half of flag pole) but what is your entry signal? A trend line would probably have given you a couple of trades though.

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OK so your vertical green line is the distance from your entry to your TP? What chart pattern are these two? How would you find your entry point?

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Without checking it against anything I recognise it as a pennant continuation pattern? And obviously that is how it played out too.

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Based on the pattern I don't think your SL is high, I was just curious about the entry. Ok so you spotted the pattern and placed your order at above the high? Just to be clear I hope this thread takes off as I think price action / patterns is where ...

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[quote=Shemski;8823943] I'm not trying to be awkward here but I can't see the pattern that you took your GBPAUD trade from. Unless you traded the break of the high of the flag pattern? But in my opinion this is too late. Surely the time to buy with ...

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[quote=Shemski;8823903]Here's an outstanding and quite clear flag set up! This doesnt look like flag pattern that I am familiar with. I have had a look through the index of Bulkowski's patterns and I still can't find a good match. Can you please ...

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I'm currently trying to cut out indicators. Still using the odd one or two but I'm in.

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Just noticed that current price seems to be rejecting from the 161.8 retrace of the point 1 to 2 move. I don't know if this falls in to the normal analysis for these patterns - what do you think profitkeeper? image

A new look at Wolf Waves

Here is an idea for next week for GBPNZD. Left chart is H1, Right chart is D1 (I have already posted the D1 set up earlier in this thread). H1 looks like it is due a pullback before hopefully continuing. image

A new look at Wolf Waves

Update: EurSek hit it's target. image

A new look at Wolf Waves

Good point. Think mine was a bit too close though so moved it up a few pips more.

A new look at Wolf Waves

Sorry, target line was drawn wrong. This is better. image

A new look at Wolf Waves

I'm no expert, just going off what Ive read from the info in this thread.

A new look at Wolf Waves

Here is one similar on AudUsd. Only saw it after seeing yours as these pairs move similar. image

A new look at Wolf Waves

It might work Poocher but I don't know if it is a Wolf Wave pattern as Point 3 is not higher than point 1.

A new look at Wolf Waves

Well That one failed miserably!! The chart below is Dax H1. I didn't catch any of these but just posting for interest. image

A new look at Wolf Waves

I don't like the look of this one and I wasn't going to post it but what the hell........Lets see how it goes. image

A new look at Wolf Waves

I just trade them the same as any other pair if I like the set up. The spreads are high but not 120 pips. Here you can see the bid and ask lines... image

A new look at Wolf Waves

EurSek H1 image

A new look at Wolf Waves

The sell wasn't taken in relation to the pattern shown. I didn't mean to show the sell at all.

A new look at Wolf Waves