Profit_Through_Patience

Profit_Through_Patience

Sep 30, 2014

Don't you just love it when things are going exactly the way you predicted ? The butterfly pattern posted some time ago now almost reached it's completion, and if this level holds we can start to look for our targets going long. Edit : while posting the pattern actually completed.

Profit_Through_Patience

Sep 24, 2014

In my trading course (which I would highly recommend) we were talking about advanced patterns today, so I went out on the chart and tried to find and recognize some. My first butterfly patterns I discovered on the GBPUSD hourly and 4 hr chart. I drew it in on the 4h chart because it's just less messy. What we have here is a butterfly pattern where the 1.272 fib...

Profit_Through_Patience

Sep 20, 2014

I had some time on my hands so I decided to take a look at the EURUSD daily chart and an opportunity for the longer term. We have a possible AB=CD pattern (with 0.318 retracement) setting up terminating on structure level around 1.26300. Drawing Fib extensions we also have a 1.618 and 2.618 confluence at the same level. If this level holds, I'll be looking for a...

Profit_Through_Patience

Sep 19, 2014

I'm a brand new trader learning technical analysis and I would love to get some feedback from more experienced traders. In this chart I saw the head&shoulders pattern. After this completed, we reached a 0.382 retracement back up and now the market is (in my humble opinion) going down to a minor structure level at the 1.272 and 1.618 extension confluence around...

Profit_Through_Patience

Sep 14, 2014

Nice AB=CD pattern coming up with 1.414 and 1.272 extension confluence at an even 1200. Opportunity to go long ? Don't hesitate to share your thoughts as this is the first idea I publish :)