Thread: Interactive Trading Setups Disscussion

Originally Posted by paulselvan

Can it often fulfill trend from D to head level?

CadJpy-dragon H1..we can follow...

It has fired from the backline, now it is not wise to enter, but retest of the backline I would do. Lets see the head of the dragon!
You might laugh at me, but I invision it as an early entry for a BAMM lol. I also invision it as a 5 point pattern going to complete as a bat/gartley/butterfly after or at the tail level.
The causion at this one to be taken only, due to the B level of the dragon, also being a B level of the previous HP, and B seems to be a good S/R level genarally. There I would expect a head to form, but I am not a dragon specialist yet, just learning.

Dragon-NzdJpy bullish-m30
Too bad again to wait all the Jpy suddently doing something, so do not overtrade, but it is a dragon to watch as well.

Originally Posted by lobogabor

CadJpy-dragon H1..we can follow...


You might laugh at me, but I invision it as an early entry for a BAMM lol. I also invision it as a 5 point pattern going to complete as a bat/gartley/butterfly after or at the tail level.
The causion at this one to be taken only, due to the B level of the dragon, also being a B level of the previous HP, and B seems to be a good S/R level genarally. There I would expect a head to form, but I am not a dragon specialist yet, just learning.

To me too...i got an old reflexe at D pointwhen im surprised to find price following the same CD direction...its a contunuation pattern not a reversal one, i said

Originally Posted by lobogabor

I As I was reading, my impression is to enter the head area, but my entries were on the backline...

i dont pick up,what you mean?

Originally Posted by paulselvan

Here are general trend in h4 that confirm.... usdindex and usdchf positive correlation....and usdindex and gbpusd negatively...
Attachment 3651Attachment 3652Attachment 3653

Does it mean if you pick the right pattern on the index you are likely to trade anything else accordingly with a high probability on the pairs correlated?

Originally Posted by paulselvan

i dont pick up,what you mean?

Plz check this page for explanation:
Jerry's Dragon Pattern Setup...more examples
My interpretation here on the page: enter at the bottom of the head (in case of a bull HP), however what I did so far entered on the break of back line and/or retest of the backline.
Is it clearer now?

this was my view on GBPJPY: GBPJPY Gartley bearish
Harmonics Tube: GBPJPY Gartley bearish pattern

Originally Posted by paulselvan

i dont pick up,what you mean?

I think NzdJpy dragon
Interactive Trading Setups Disscussion
definitely got to a profit target on the tail level. So one dragon out of the two to watch is done (at least safe and profitable)
Unfortunately so far I could not have made the HP EA make a frienship with the dragon indi, so I have to pull myself together and start manual backtesting (which is better anyway, I know, I just wanted to have a first shot the easy way, to see the chances)