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7/30
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1. Abstract
I have found some possible trade ideas to have in mind this week and maybe to the next one by patterns on few currency pairs.
And today's article I want to give to you this possible opportunities.
As always do not take this information without any validation and forecast by your own risk management.
Before the end of the current year I will make a review about the results produced by this advanced patterns.
The suggested approach could be risk 50 pips as stop loss and the entry / exit at key levels or support / resistance areas.
2. Development
The best is to follow the same process again, and again to improve results in the long time.
So, based on this goal. I will explain each of them with a picture to understand best what the price did after the signal.
The main goal is not to get a 100% correct pattern or signal, more like how good you can manage the trades and risk.
READING SIGNAL TIME: 13/DEC/2017 00:00
2.1 NZD/CAD
2.2 GBP/USD
2.3 EUR/AUD
2.4 CAD/JPY
2.5 AUD/JPY
3. Conclusion.

[list][/list]…
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Sebine avatar
Sebine 14 Dec.

Interesting!

samir_valiyev avatar

Good

Natalia_Kisenko avatar

very well written!

FXRabbit avatar
FXRabbit 19 Dec.

Good technical analysis of the different pairs!

k_morocco avatar
k_morocco 27 Dec.

very good technical analysis

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5/28
Ranking
1. Abstract:
I have found some possible trade ideas to this week and maybe to the next by patterns on few currency pairs.
And today's article I want to give to you this possible opportunities.
As always do not take this information without any validation and forecast by your own risk management.
The next week I will review the results produced by this advanced patterns.
The suggested approach could be risk 50 pips as stop loss and entries a key levels and / or support - resistance areas.
2. Development:
The best is to follow the same process again, and again to improve results in the long time.
So, based on this goal. I will explain each of them with a picture to understand best what the price did after the signal.
The main goal is not to get a 100% correct pattern or signal, more like how good you can manage the trades and risk.
SIGNAL TIME: 02/OCT/2017 07:00 GTM(0) > LONDON SESSION
Chart = 4 hours by bars
X = current price at article's creation
SUMMARY:

  • AUD/CHF, BULLISH BUTERFLY, X=0.7588
  • AUD/USD, BULLISH BUTERFLY, X=0.7822
  • CAD/CHF, BULLISH GARTLEY, X=0.776
  • EUR/CAD, BEARISH GARTLEY, X=1.469
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RahmanSL avatar
RahmanSL 5 Oct.

Great Technical Analysis ...should help Traders here at Dukas community.

mcquak avatar
mcquak 7 Oct.

Nice article, and thanks for sharing your findings!
I used to study Harmonic patterns but I never got any significant statistical winning edge applying them in FX spot trading. I tend to believe they historically might worked, but they do not anymore considering that predominant markets participants these days are algos based on AI, advanced statistics etc.
Would you have any longer term statistics of applying harmonics to currency trading?

Beto avatar
Beto 11 Oct.

Thanks mcquak, I do have records of this advanced patterns.
But I started out recently around less than six months.
I found some particular situations by testing their profitability.
My advice based on my own knowledge and practice is that patterns tends to work very well as long term investment, not as day trader. That means could be great to have one account only to place trades like this to set and forget, I saw very good results by wait and track them each one or two weeks risking about 50 pips and trying to fit the entries using key levels, that's why I use Fibonacci numbers.

Klaudia25 avatar
Klaudia25 13 Oct.

very good article

Natalia_Kisenko avatar

Great article!

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6/54
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1. Abstract:
I know there are tons of information out there about the tool Fibonacci levels on any charting package of trading systems.
Also, I am quite sure you can perform a very well analysis using it to find key levels or confluence areas and so on.
But, I want to show you a simple way to approach the market using a sequence of combinations called internal points or levels.
This internal levels was developed by a Russian trader called Viktor.
Also, he has released a book about it, but I am not going to tell you about this book because is not an advertisement of him or his book.
The main point of this levels are four, called internal point 1, 2,3 and 4.
As average this strategy aims for a risk to reward ratio of 2:1, so is conservative approach.
2. Development:
The basic to start my explication will need to set this:
  • Check any pair on any time frame, I will use H1
  • Plot a line or candle bar, for me I will user the common bar.
  • Identify the main trend, the basic by visual recognition.
  • Locate the recent swing high and swing low.
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drferre avatar
drferre 12 Sep.

good article!

RahmanSL avatar
RahmanSL 19 Sep.

Another good trading strategy

Gomez avatar
Gomez 12 Aug.

Thank you for this!  I have since obtained Pershikov's artilce on the subject.  Great strategy for entering potential "C" wave with good risk ratio.

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4/54
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1. Abstract:
I left some possible entries by patterns on few currency pairs. And today's article I want to talk about of the results produced by these entries the last month. The original post you can find here: Post 4 August 2017

There are few who produced high results and other who produced loss, the review process was done assuming a simple money management in this case, was placing an order above or below of "D" point with a risk between 30 to 50 pips, a limit to the nearest zone or at the key levels using Fibonacci numbers, no move the stop loss till the next seven days or more.
At the end I will leave another few pairs with the same possibles entries to be analyzed the next week.
2. Development:
The best is to follow the same process again, and again to improve results in the long time.
So, based on this goal. I will explain each of them with a picture to understand best what the price did after the signal.
The main goal is not to get a 100% correct pattern or signal, more like how good you can manage the trades and risk.
Below you can see the entries of the last post on 4/August/2017 and a summary of the final result at today.
SIGNAL TIME 29/JUL/17 00:00
X = price at that s…
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Achchuthan avatar

Very useful article

samir_valiyev avatar

good

orto leave comments
7/40
Ranking
1. Abstract:
The last week I did create a post about advanced patterns and I did describe the basis about the power of this kind of candles formations.
Also, I left some possible entries by patterns on few currency pairs. And today's article I want to talk about of the results produced by these entries two weeks ago. The original post you can find here: Post 17 July 2017

There are few who produced nice results and other who produced loss, the review process was done assuming a simple money management in this case, is placing an order above or below of "D" point with a risk of 30 to 50 pips, a limit to the nearest zone, no move the stop loss till the next seven days or more.
At the end I will leave another few pairs with the same possibles entries to be analyzed the next week.
2. Development:
I will explain each of them with a picture to understand best what the price did after the signal.
The main goal is not to get a 100% correct pattern or signal, more like how good you can manage the trades and risk.
Below you can see the entries …
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samir_valiyev avatar

well done

samir_valiyev avatar

Super

RahmanSL avatar
RahmanSL 8 Aug.

Good writing

Mariya_Suhina avatar

very good article!

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5/44
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1. Abstract:
There are a lot of information out there about pattern formations on Forex Market, but today I will talk about some patterns that are not very common in price action.
These are Cypher, Gartley, Butterfly, Shark, Bat. Also, the list is quite a little big.
I was working the last three months on this, leaving my well know process of trading a little bit alone.
And I was found some interesting situations about this kind of configurations because each pattern has specifics setups or rules.
Also, each pattern has different quality and profit win ratio.
For those who like to research and try new ways to improve your results, keep reading this maybe is an opportunity to start your own research.
2. Development:
2.1 The basis:
The chart below shows us the basic about only three patterns.
As you can see seems to be very mathematician and yes, it is.
A pattern needs to be complete to be valid, and we say that all patterns are complete when it reaches a "D" point.
To get one you need five points: X, A, B, C, D.
So, the easy part is to trade it when on any currency or stock market is found.
I will tell you the basis for entry and stop loss, also a suggested entry variation.
The hard…
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Achchuthan avatar
Achchuthan 19 July

Very useful

Achchuthan avatar
Achchuthan 19 July

Very useful

Avnish26 avatar
Avnish26 22 July

very useful patterns and strategy.

mcquak avatar
mcquak 23 July

Great article on my favorite subject "The Harmonics".
Some time ago I was mad keen on harmonics. I bought all 3 books by Scott Carney. Unfortunately I had not managed to create long term successful strategy based on the harmonics patterns. I do not want to say they do not work, I've rather meant to say it needs some persistence and resilience to learn them to use rightly.
@Beto thanks for the article

Natalia_Kisenko avatar

Well done!

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29/65
Ranking
1. Abstract
Some people likes to trade gaps because of this there are big probabilities of collect few amount of pips.
But the risk to approach it must be strategic and could be different to each situation.
Gaps often signal continuation with the direction of the open and close of that trading day.
But sometimes could be a sing of weakness if the GAP is filled in less that two trading sessions.
I found a particular situation on DAI, a Germany stock and I decided to go short on it.
In this article, I will tell you how the trade goes and the way as a suggestion to approach it.
2. Development
2.1 Open trade on DAI
I found this on my daily monitor, what I am looking is pattern formation such as Doji candles, inside bars, engulfing and so on.
This stock did some gaps the previous daily sessions and formed a bearish pin bar. At this level did few touches and
At this same level around 73$ per contract, the stock did few touches in the past and for me, this was a confirmation of a strong resistance.
this was a confirmation of a strong resistance.
The most incredible thing was to look an open GAP about of 240 pips.
That is crazy, I never saw a gap like this.
The next. was create a range to …
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antoniogreenblue avatar

Good. I like trading in Gaps too.

hrustiashka avatar

Good article

Beto avatar
Beto 10 Apr.

Target 1 reached.

gargantua avatar
gargantua 21 Apr.

very useful

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6/52
Ranking
1. Abstract
On December last year, the Euro was in a range area of 250 pips, and then since the beginning of the year fall into a slow decline.
The most interesting here is about cross pairs because these are showing an interesting formation.
Technical analysis says that after a rally moves up or down happen a period of consolidation comes. Then a reversal is more likely.
I want to show the same scenario to the majority of the Euro pairs because these are the most tradable. More that exotic ones.
I prefer to work with the major pairs but not with the minors because of liquidity.
2. Development
The indicators used to this analysis are stochastic(15,5,5), EMA(40) and Fibonacci Levels.
As you can see the same characteristics on all of them, each pair have a particular setup to engage it.
Let's see each of them.
The realistic reward to risk ratio could be 1:1 but in strong moves, the best is 1:2 as minimun.
2.1 EUR/AUD
The chart above shows the price action going to touch a key level around the 161% Fibonacci Level.
The Stochastic is near to make a cross on a sell area.
A conservative approach could be put a sell limit at 161% or below the last candle low with targets at 23% or the la…
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Vlad_55 avatar
Vlad_55 30 Mar.

Содержательный текст!

LDS avatar
LDS 31 Mar.

great work, keep it up!

Apophis avatar
Apophis 6 Apr.

well done, Beto!

klintons avatar
klintons 13 Feb.

very well

Sharpshooter avatar

Интересно)

orto leave comments
11/68
Ranking
1. Abstract:
Trading on Forex markets requires different techniques to get into the trend and catch some or lot of profits from it.
The best maybe is to get into the trend when it is rising or falling. Others may say by breakout or support and resistance.
Everybody knows that but first, you need to determine what market is doing and create a strategy.
There are a lot of information of how to do that, then you need time and practice, a lot of practice.
Also, having the experience you need to think and plan the best time to enter and exit.
This article will be created by thinking about stock markets and to use three techniques to planning an entry only.
The management part I want to let you own desire because there are lots of exits strategies.
The techniques described here are tested and works, on currency pairs, stock markets and exotics.
But before you take any trading decision I strong recommend try it first and to understand the basis.
2. Development:
2.1 Trend corrections
This technique is called KNOCKOUT or KO
The best if you can, after a sell-off or breakout, price crossing from an exponential moving average of 50 or higher.
If fundamental confirm a strong move this can give …
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AngleRMS avatar
AngleRMS 23 Jan.

Good article

RahmanSL avatar
RahmanSL 24 Jan.

More good forex market article

simi avatar
simi 24 Jan.

Another great article, well done :)

brilliant avatar
brilliant 25 Jan.

nice ideas

Yulia10 avatar
Yulia10 29 Jan.

good article

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16/68
Ranking
1. Abstract.
There are patterns who are uncommon or we can see it rarely. A trader well prepared his value is by two.
Is very important to keep track on note or print paper with this kind of patterns because a day we can see it.
So, this article I want to talk about of formations at the point of exhaustion.
That is when sellers or buyers were very excited and make a push high.
The price action then makes a consolidation or more like a break above or below of a key level.
1.1 The Broadening pattern.
Represents exhaustion by buyers or sellers and often means that a reversal is going to happen soon.
This pattern is forming by support and resistance levels, but the lines are not horizontal.
The price makes higher highs and lower lows so the angle of the line that connect the points is more like a 30 degree up and down. This kind of formations appears at the bottom of a downtrend or the top of an uptrend.
1.2 The Narrowing pattern
Represents an extended bullish or bearish move.
The price makes lower highs and higher lows and the connections of this points make two trend lines inverted. the opposite the opposite formation of broadening. This continuation pattern means a breakout soon is …
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Alexander22 avatar

very well done!

simi avatar
simi 24 Jan.

Good job :)

brilliant avatar
brilliant 25 Jan.

good article

Nomi avatar
Nomi 25 Jan.

nice

williamb avatar
williamb 22 Feb.

good work

orto leave comments
4/69
Ranking
1. Abstract
There are traders who take advantage of daily trading by using filters as early signs before place entry orders.
In my daily work, I have used indicators such an RSI, STOCHASTIC, and others to look for overbought or oversold areas.
Also, volume indicators and DMI to measure the power of the trend before place trades.
But, in my research to find the proper ways to improve my results over the time I have found two indicators that are used on stocks markets but I think could be used in currency markets.
Theory says that these indicators have better results, rather common daily used.
Unfortunate, dukascopy doesn’t have these indicators or I can’t find it on demo or real but could be great to have it to try it.
Let’s have a summary of them:
1.1 Money flow index
This indicator gives to us overbought/oversold areas, taking price and volume as the combination.
The RSI, use close prices by over a period, most common is 14 period.
1.2 Chaikin money flow
This indicator uses today’s prices only to make the calculations.
Volume and MFI indicators use current period with the previous one.
2. Indicator Money Flow index (MFI)[/
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FXRabbit avatar
FXRabbit 22 Dec.

Good article!

RahmanSL avatar
RahmanSL 22 Dec.

another well written article...well done

WallStreetBlog avatar

Muy interesante, gracias

rupesh1984 avatar
rupesh1984 23 Dec.

good article :)

killer195175 avatar

good information for forex traders.

orto leave comments
17/39
Ranking
Hello poker friends!Thanks for stopping by! Would you allow me to reveal some Poker Tactics and tips to all intents and purposes? First of all, let me quote clever and smart Mr. Simon Freedman: 'You play the player, not the cards. You're trying to assess the other players psychologically and sometimes you're kicking yourself internally, too. Playing poker's about understanding people. It's like driving a racing car. When you know where all the gear knobs are then you can use your skill on top of that.'And with this I would like to begin "Poker Tactics" with the Golden Rule - The POKER FACE!A face on a person without any emotion is called a poker face. In the game of poker it would be damn stupid to show any emotional traits that might screw the game for you. (A piece of advice en passant: It's not suggested to make a solid poker face when you have sex!) . So, pulling a poker face is an useful skill to avoid giving your opponent any tells about your hand.The main question is: What Style Of Gambling is most effective on the long run?The majority of players are regrettably loosing gamblers who play too much hands, tight players on the other hand mostly play strong cards, aggressive pl…
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salamandra avatar
salamandra 22 Sep.

Good article !!!

mag avatar
mag 22 Sep.

Face of Poker in many life situations :[ Grrrrrrrrrrr

Tom avatar
Tom 22 Sep.

My sisters and granny are poker fans, thanks for article! I'll show it them!

Atashi_Tada avatar

very nice, great job!

Armiju avatar
Armiju 12 Jan.

is duskascopy avileable weekly poker contest??

orto leave comments