taq

Thanks Sir, If possible an example would be appreciated. Here What I understand from differnet readings & your points.Correct me if I am wrong. For 5-point structure XABCD, X & A has to be major Swing High/Low & B & C intermediate SH/SL , Point D can be intermediate SH/SL (in gartley & bat) or Major SH/SL (in butterfly or crab). Regards, TAQ

I understand your point.Thanks, I will remember that. Here is the ES daily chart, I draw the swing Highs/Lows.I would like to know Which pivots you consider as not valid & why?? Regarding Median Line. I am watching downward red fork if reverse from upper downsloping line than I would consider going shorts here problem is the blue upward sloping fork is still valid will watch price @ quartile & lower ML .Let us see how it will unfold . Regards, TAQ

Hello Suri Sir, Thanks for the charts . I would like to know your view on this bearish butterfly?? Can we consider it a valid one, price made a double top here but still PA is not strong enough in this PRZ. [if you don't mind I am using your chart to make my point ] I am also adding one more chart with andrew's median line. Let us see how it will unfold. Regards, TAQ

Not many traders use this concept . I use this in forex trading everyday.Almost all major pairs are correlated some pairs show movements before others. For ex. EU & GU have positive correlation coefficient +94 while EU & UCHF have -97 on dailies so i will avoid going long in both this pairs at the same time. I will go with strong signal & than look for opposite trade in other pair. The correlation coefficient highlights the similarity of the movements between two parities. If the correlation is high (above 80) and positive then the currencies move in the same way. If the correlation is high (above 80) and negative then the currencies move in the opposite way. If the correlation is low (below 60) then the currencies don't move in the same way. On hrlys or short term its -50 which is not significant while on dailies or in intermediate terms -90 is almost perfect negative correlation.

It depends on the time frame we are talking about. Here I am updating the correlation analysis of last 100 hrs, 100 day & 100 week data. As you can see in the short run (hrly data) correlation is -0.50 For intermediate (daily ) its -0.90 while on weekly it is showing 0.06. Hope it might help. Regards, TAQ

Your Gold Symmetrical Triangle tgts done. Here in Silver Weekly chart you posted there is no +ve divergence, both price & RSI made Higher low. Infact both MACD & RSI made -ve divergence last week (price made HH while indicators made lower high). Here is the chart Regards, TAQ

all your tgts done. looking forward your updated charts. Regards, TAQ

Great charts & all the best with the thread. Regards, TAQ

One pattern is made in S&P daily index. Let us see how it will unfold. Yesterday Updated Regards, TAQ

Hello Suri sir , Thanks for the chart . Can we cosider this as bullish Reciprocal AB=CD pattern?? if yes what probable tgts you are looking for. Regards, TAQ

Similar pattern is showing in DJIA-CBOE(VIX) Regards, TAQ

It looks like we made a intermediate top here for this last upmove (Indian market). NSE NIFTY daily

got answer Happy Trading Regards, TAQ

sorry about my language(english is not my first language) & happy atleast i made you laugh i was not able to communicate it properly. its not about being wrong or right but how much you make when you are right & how much you lost when you are wrong. i never suspect your strategies(atleast we have our own strategies) i am pattern trader i use weekly for breakouts & old support & resistance levels & retesting of them daily for patterns & probable tgts in the direction of BO & trend & 240-min to initiate & trailing my SL. & one thing more i use triangles a lot (ascending, descending & symmetrical) & trading on triangles are based on breakouts only. Best Wishes & Happy Trading Regards, TAQ

I am following your threads from quite some time & this one is the best on TL. my trading strategies are not different from yours only difference is you initiate trade at the breakout but i wait for proper entry point & probable tgts so that i can get atleast 1:3,5 RRR but when i am looking for reversal trade than i expect 1:7,10 RRR (less than 30% of my trades are like this) for ex. in last trade in GBPUSD RRR was 44:400 (i lost 20 pips bcz i closed at 5930 at closing time) here is updated EURJPY covered at 130.05 500 pips in 6 sessions.

updated EURJPY chart +300 pips here is GBPUSD initiate long at 1.5950 expecting a bounce back upto 1.6375-80 zone Regards, TAQ

In GBPUSD case it looks like we are watching the same levels if it close below 1.6100 it looks it can break its jan 09 low of 1.3512 within an year. Regards, TAQ

Great charts thales Here is my Updated EURJPY Chart trail SL to 135.25 Shorted 135.05 t1 131.50 t2 130.05 RRR (Risk Reward Ratio) 20:355 , 500 time period 5-8 sessions not bad

Hi TTM start reading balan & will start paper trading some forex pairs for next three months need your help in understanding & applying the EW concepts can you suggest any material which provides probable tgts in EWT so that i can calculate RRR before initiating any trade? Time frame 15-min Regards, TAQ

Here is what I am looking in EURJPY Bearish Gartley entered short at 135.05 Probable tgts i am looking at 131.50 & 130.35 Regards, TAQ

great thread TTM I have two questions regarding EWT 1- Are you using any other indicator or something as a confirmation before initiating any trade or just on price based? 2- How you decide your stop loss is it fixed pip based or the last swing H-L in EWT?

Hi Suri Sir hello vishal Gold Daily is looks like can go uptp 1030-35 zone but Silver Daily is made bearish butterfly pattern I am looking for tgts 14.70 & 13.80 let us see how it will unfold ? Regards, TAQ

regarding S&P i am uploading Daily & Weekly chart yesterday we break H&S neckline for probable tgt 807-10 let us see how it unfolds once again thanks for your charts

here you go Episode 1 - Make Me a Trader Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Episode 2 - Profit and Loss Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Episode 3 - Traders Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting Hotfile.com: One click file hosting

this one worked perfectly for me Bank Of India Hrly