Head and Shoulders Pattern

mr.gardner

Trader
Mar 14, 2012
35
0
17
Here you are one real example that I traded on SILVER
eitaib.jpg


Beautiful, ah ? I really like trading on patterns… this is the best way to make money on the FOREX. This is what I think. Patterns rarely occur but you do not need anything more than 6-7 profitable trade per year. Around 300 pips with 200*000 – 300*000 untis…
 
Last edited:

mr.gardner

Trader
Mar 14, 2012
35
0
17
I entered this position because I spotted the figure in different time frames…
You can see on the picture clearly that there is divergence on the shoulders. The figure is very clear. I had success with much more unclear h&s. Of course, it is good to enter a bit later but to be sure that the price brake the head line.
Also the MACD give signal for up trend, as well.

jidu8n.jpg


Good Luck!
 

Ary Barroso

Active Trader
Jul 9, 2017
908
71
39
35
Here you are one real example that I traded on SILVER
eitaib.jpg


Beautiful, ah ? I really like trading on patterns… this is the best way to make money on the FOREX. This is what I think. Patterns rarely occur but you do not need anything more than 6-7 profitable trade per year. Around 300 pips with 200*000 – 300*000 untis…

Thank you very much for your chart! But, I can show you more than thousands of false signal of this pattern! By the way, on the higher time frame like D1, W1 is really works!