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Forex Discussions
Trading Systems and Strategies
Trading The Forex Master Pattern Method
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[QUOTE="Gauer, post: 207624, member: 84543"] Yeah "the hidden price pattern" and "true intentions" might sound cliché like a sales pitch, but what can I say? It is the truth... It is very easy for you to verify if it is bullshit or not, just replay the market and test it, you don´t need to use it on it´s own. If you already have a method that makes sense for you, I am sure this method will bring it to the next level. The boxes and lines you see on the chart are drawn automatically by an indicator I developed for MT5. Actually I reversed engineered the TradeATS indicator and improved it to look better on lower or higher timeframes. If you wanna know more about this tool and method, I recommend that you watch all videos of their channel here, it is very good: [MEDIA=youtube]2So_DuWmAAs:601[/MEDIA] What is NOT good, though, it is the ridiculous US$300 fee they charge monthly to rent the indicator. You don´t need the indicator, but it helps to save time drawing boxes and lines. It is very simple to do it manually, you need a zigzag set with Depth: 3 Backstep: 1 Deviation:1 for the lower timeframes, and Depth:2 Backstep:1 Deviation:1 for the higher timeframes. Of course this is my personal preference. Then you use the highs and lows of the zigzag swing to determine the contraction point (Phase 1, which is a simultaneous higher low and lower high). You can see how this can be done very objectively and mechanically: [ATTACH type="full" alt="Untitled (1).png"]21375[/ATTACH] This is the simplest way to do it, but you still have to know what a Major and Minor line is. For example the thicker lines projecting from the blue boxes are major expansion lines, and the dotted lines are minor. Minor lines are lines that never got confirmed as major, but that does not make them less important. It was just coded that way to highlight the more important lines which are the ones that have oscillation above and below the origin point. If you are proficient with this you learn to see how when a minor line is actually a major one. It just stayed as minor because right after it there was a trigger for another line to start printing, when that happens than the previous line can never be confirmed as major by the algorithm, but you have to know that if price oscillates above and below it that that is a major one. [/QUOTE]
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