ABC (D) (E|A)
Updated
Note: this is not backtesting, just an observation of some pairs in the last week.
All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of course this is not the every time winning case - you also have to take in account trend on larger time frame and support/resistance levels.
Anyway, hope somebody will find this useful and will benefit his/her trading.
ABCDa rising
AUDCHF:
AUDNZD:
ABCDa falling
USDCAD:
Failed ABCDE = ABCDEA
USDCHF:
Or just ABC with breakout and pullback
USDCNH:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of course this is not the every time winning case - you also have to take in account trend on larger time frame and support/resistance levels.
Anyway, hope somebody will find this useful and will benefit his/her trading.
ABCDa rising
AUDCHF:
AUDNZD:
ABCDa falling
USDCAD:
Failed ABCDE = ABCDEA
USDCHF:
Or just ABC with breakout and pullback
USDCNH:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Note
Another one for the future, also linked:
Disclaimer
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