IMO the pole has little meaning to the pattern except the measuring of projected targets. I take note of this, but do not rely on it. I use PA to determine my exits as it is much more reliable. It's the formation of the flag/pennant without the pole ...

EURUSD

There isn't one that I know of. You can learn about it here: url

EURUSD

It does, you just have to know how to read it. Here's a great quote. Source unknown. I have emphasised the most important section. Multiple Time Frame Analysis In my years as a trading educator I have found that most losing traders have a critical ...

EURUSD

It's easy to see what they're doing, price action tells all

EURUSD

The volume we have on metatrader is broker volume only. I guess it could work well if your broker has a lot of knowledgeable traders. I don't trust it though, not when the supposed number is a 90-95% failure rate. I'd only want to know what the ...

EURUSD

Some charting services provide access to interbank volumes from many of the major players - over 200 of them I recall someone saying. Esignal I think it was, if I remember correctly.

EURUSD

Can't go past a good PB, works well on all pairs too. Rising and falling wedges/channels would have to be next. Absolute gems for a signal to TP

EURUSD setups

It is in-fact incorrect. It's the psychology behind the pattern that has the most meaning. This is why bearish channel formations (flags without the pole) can occur at the end of a bull run and vice-versa for bullish channel formations at the end of ...

EURUSD

A bear flag interrupts a decline in price, it does not have to be a sharp decline. I have at least 3 books that state this clearly.

EURUSD

Still have the same meaning, we know what you mean Pennants are less common, I went back over some charts to find a good example but couldn't find any. I did however find gazillions of parallel channel formations. They are the most common ...

EURUSD

Flags are a more of a channel (parallel), pennants are more of a triangle/wedge.

EURUSD

It's not the size of that pattern that counts, it's the quality that does

EURUSD

Perhaps you should read up on some basic TA. If it does not take out the high of the move down, it is in-fact a bear flag. I prefer at most a 61.8% retrace, but it can go higher.

EURUSD

Same channel................. image

EURUSD

It is actually a bear flag and has been pointed out umpteen times in the past few hours. Don't worry, I was just toying with you.

EURUSD

Bear flag?

EURUSD

That's bundyraider's bear avatar. For those who don't know, bundy is a rum made in Aus who have a white polar bear as their advertising mascot. We call it Bundy Rum. Nice drop too image

EURUSD

Pity the aren't worth much 1 greenback = close to 2 Aussies. Can't complain though, I like it like that

EURUSD

Ours are similar with the color coding scheme. Still not as pretty as the Euro's though. image

EURUSD

Yes, they are nice eye candy

EURUSD