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Patterns by HWAFM

This is a discussion on Patterns by HWAFM within the Trading Systems forums, part of the Trading Forum category; As to forming patterns ... When I see (for example) bearish (or bullish) forming pattern so I understand that we ...

      
   
  1. #101
    Administrator newdigital's Avatar
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    As to forming patterns ...

    When I see (for example) bearish (or bullish) forming pattern so I understand that we will have downtrend (or uptrend). We do not know when we will have downtrend (or uptrend). But we will have it
    So, using this tool for forming patterns - we know : uptrend or downtrend.

    To know - when we will have uptrend or downtrend - we may use additional indicators.

    Example, if forming pattern is showing downtrend together with Stochastics in overbought condition (about 70 or 80 by value) so it is indicating that this downtrend will be very soon (just few bars after).

    If all forming patterns for some pair is showing bearish for all the timeframes started with H1 to W1 or MN so it is indicating that this pair will go to downtrend in the near future. Good to open sell trade using MACD for example - I traded this case (to prove it) with MACD.
    Same with bullish.
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  2. #102
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    Quote Originally Posted by newdigital View Post
    As to forming patterns ...

    When I see (for example) bearish (or bullish) forming pattern so I understand that we will have downtrend (or uptrend). We do not know when we will have downtrend (or uptrend). But we will have it
    So, using this tool for forming patterns - we know : uptrend or downtrend.

    To know - when we will have uptrend or downtrend - we may use additional indicators.

    Example, if forming pattern is showing downtrend together with Stochastics in overbought condition (about 70 or 80 by value) so it is indicating that this downtrend will be very soon (just few bars after).

    If all forming patterns for some pair is showing bearish for all the timeframes started with H1 to W1 or MN so it is indicating that this pair will go to downtrend in the near future. Good to open sell trade using MACD for example - I traded this case (to prove it) with MACD.
    Same with bullish.
    Thank you, I still do not know what your expectations were based on the EURUSD pics you sent. Sorry.
    Is it possible we pick one case during the weekend, or on Monday and we work through of what we see and what we can expect? What are the hours of yours to communicate and look at the market more or less real time?
    I will try to adjust, so we could do it if you agree.
    Please let me know,
    Tnx

  3. #103
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    About this post?
    I am expecting bearish.

    I will upload some charts during this weekend with more explanation.
    But I am not professional with patterns so I just explained about what I know by practics with it (with this tool).
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  4. #104
    Administrator newdigital's Avatar
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    Quote Originally Posted by lobogabor View Post
    Thank you, I still do not know what your expectations were based on the EURUSD pics you sent. Sorry.
    Is it possible we pick one case during the weekend, or on Monday and we work through of what we see and what we can expect? What are the hours of yours to communicate and look at the market more or less real time?
    I will try to adjust, so we could do it if you agree.
    Please let me know,
    Tnx
    It was long time ago when one coder on tsd forum created EA for me and uploaded it to 10points thread there. It was semi-automatic EA based on MACD. It worked on the following way: I need to know - buy or sell during the day, make EA for buy only or sell only, and EA is trading. EA was very profitable.

    To know - buy or sell during a day - I used this HWAFM tool. And it was very profitable.

    That is why I like this tool.
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  5. #105
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    Quote Originally Posted by newdigital View Post
    As to forming patterns ...

    When I see (for example) bearish (or bullish) forming pattern so I understand that we will have downtrend (or uptrend). We do not know when we will have downtrend (or uptrend). But we will have it
    So, using this tool for forming patterns - we know : uptrend or downtrend.

    To know - when we will have uptrend or downtrend - we may use additional indicators.

    Example, if forming pattern is showing downtrend together with Stochastics in overbought condition (about 70 or 80 by value) so it is indicating that this downtrend will be very soon (just few bars after).

    If all forming patterns for some pair is showing bearish for all the timeframes started with H1 to W1 or MN so it is indicating that this pair will go to downtrend in the near future. Good to open sell trade using MACD for example - I traded this case (to prove it) with MACD.
    Same with bullish.
    Thank you for the explanation...
    Your idea and how you use it sounds good, but this tool is capable to do more than that as I see...and much more!
    Can you put it in exact explanation concerning the EURUSD case you published?
    Also, what about one case during the weekend or early next week and look at it together on MT5 with HWAFM?
    I kinda understand what you are saying, but would like to get a closer understanding.
    Tnx.
    If skype is a better way to go through one case together, contact me there, language will probably be not an issue - I hope!
    Last edited by lobogabor; 04-13-2014 at 12:20 AM.

  6. #106
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    Quote Originally Posted by newdigital View Post
    About this post?
    I am expecting bearish.

    I will upload some charts during this weekend with more explanation.
    But I am not professional with patterns so I just explained about what I know by practics with it (with this tool).
    Thank you!
    Still, do you think we could pick one example of yours together from this weekend?
    I am not professional with HP patterns either, but I am learning those for a couple of years now...at least.
    Have a good night!

  7. #107
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    Quote Originally Posted by newdigital View Post
    It was long time ago when one coder on tsd forum created EA for me and uploaded it to 10points thread there. It was semi-automatic EA based on MACD. It worked on the following way: I need to know - buy or sell during the day, make EA for buy only or sell only, and EA is trading. EA was very profitable.

    To know - buy or sell during a day - I used this HWAFM tool. And it was very profitable.

    That is why I like this tool.
    So what I see on the EurUsd post of yours:
    MN Ret Tria bear
    W1 Ret Tria bear
    W1 3dr bear
    H12 Ret Tria bear
    H2 Ret Tria bear
    all pink
    so your conclusion is to go and wait for a bear with any MA, Stoch, RSI or Macd method on...some TF. I like it, but just looks undefined to me (weg)
    What are you exactly considering:
    TF/pattern for looking for direction? (i.e. TFs seem to be random, I see you pick retracement triangles consistently, suddenly a 3 drives also, but no others like bat/gartly or any classics? Why?)
    - what are the contradicting signs you will take as neglecting the set-up for direction, if any? (e.g. any white or blue arrow HP on certaine TF? pls define!)
    When you check for direction I see you are picking just TFs... Neither all, neither a sequence... MN-W-H12-H2... or is it a deliberate sequence? What was the basis to pick these?
    I guess what is unclear to me, and why I think your method is unclear
    - What TFs you pick for direction
    - what patterns you pick for direction
    - what is your entry TF with your Macd/MA cross/RSI and other oscillator entry method?
    Please advise!
    Tnx.
    Last edited by lobogabor; 04-13-2014 at 09:29 PM.

  8. #108
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    When all developing/forming patterns started with H1 till W1 or MN are showing bearish so I am trading manual systems for downtrend only by using any time manual systems (any my manual system for my timeframe - any timeframe). In this case I am using MACD or Stochastic anyway (I like Stochastics in overbought/oversold levels) with my timeframe just for confirmation.

    If I want to take one single pattern into consideration for one timeframe (H2 Ret bearish for example) so I am using "Macd/MA cross/RSI and other oscillator entry method" for same timeframe (H2 for example).

    - What TFs you pick for direction
    Time frame of pattern, or timeframe of my trading system in case of all patterns are with same direction

    - what patterns you pick for direction
    I am using forming/developing patterns. Any with direction.

    - what is your entry TF with your Macd/MA cross/RSI and other oscillator entry method?
    In case of one pattern - entry tf is timeframe of pattern, in case of all patterns with same direction - any timeframe (timeframe of my trading system).
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  9. #109
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    Nice, Tnx.

  10. #110
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    Quote Originally Posted by newdigital View Post
    When all developing/forming patterns started with H1 till W1 or MN are showing bearish so I am trading manual systems for downtrend only by using any time manual systems (any my manual system for my timeframe - any timeframe). In this case I am using MACD or Stochastic anyway (I like Stochastics in overbought/oversold levels) with my timeframe just for confirmation.

    If I want to take one single pattern into consideration for one timeframe (H2 Ret bearish for example) so I am using "Macd/MA cross/RSI and other oscillator entry method" for same timeframe (H2 for example).


    Time frame of pattern, or timeframe of my trading system in case of all patterns are with same direction



    I am using forming/developing patterns. Any with direction.



    In case of one pattern - entry tf is timeframe of pattern, in case of all patterns with same direction - any timeframe (timeframe of my trading system).
    Could you please show me a screenshot where you consider "all patterns are with the same direction"? You know just with the gray area arrows under the graph..
    Thanks

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