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Reply With Quotehi Luzonxzy mate,
For me the Shark pattern must have the X point at the top of the previous impulse or trend end. It's the trend reversal pattern, same as proper Gartley pattern.
But it's just a way I look at patterns.
Ok so its finally September. Last month sucked big time. August & December are the worst in terms of liquidity and everything.......But last month did give me some time to update some of my systems and test some new patterns. I've back tested the Shark pattern and am pleasantly surprised how accurate it can be (in some markets). So I have decided to add it to my repertoire. Here is an emerging shark pattern. If it completes it will be nice.................PS. I am not trading today as it a holiday over here in the USA (Labor's Day). But I just wanted to post this pattern up. Later.
Cruide Oil:
hi Luzonxzy mate,
For me the Shark pattern must have the X point at the top of the previous impulse or trend end. It's the trend reversal pattern, same as proper Gartley pattern.
But it's just a way I look at patterns.
Hey Buddy,
Thanks for the advice. I just went back over my backtesting data and it looks like you would miss some pretty good trades by only choosing the X-point your talking about. I understand your philosophy on that though. Thanks again.
sure mate, we all trade the same patterns, but we all trade them a bit differently. For me the pattern location (one that i can understand a bit at lease) was always the key.
Cruide Oil Shark Pattern Trade Update.
Stops have been rolled to breakeven and now waiting for target 1 at the 50.0% retracement:
Trade Update. Target 1 obtained.....waiting for target 2 hopefully it doesn't act like a 5-0 pattern and run the other way.
Another Shark has appeared on Cruide Oil on smaller timeframe:
Potential Ratio Trade on USDJPY 4hr:
are you calling the Shark and Cypher pattern the same ?
No their different Patterns. They do tend to look similar when the Shark is at the 88.6 fib.Originally Posted by trademonster
Check the ratios: Harmonic Patterns - Shark Pattern
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