There is no necessity to remind how much we will repeat the market. The price in the movement on a trend, or in correction or флэте, constantly "draws" visually similar images recognized on schedules, i.e. patterns on different time scales.
The systems constructed on an outgaming of patterns many, but not each trader, in
Force of features of the character, it is ready to fulfill all requirements of these systems.
Having tested a number of tactics of an outgaming (among which and a method on the basis of the theory of Elliotta), and knowing the lazy character, I on the basis of history of movement of price schedules have deduced for myself two ways, allowing successfully enough to find out and beat price patterns. I will be glad, if these ways help you to find the way to success.
1 WAY: we will use indicator MACD (5,13,1) which histogram helps to define visually patterns, smoothing price emissions.
If our time range for detection of patterns - Day schedules the working range will be Н4. Thus (Fig. 1) are opened two windows (it is possible to take and other steams of time ranges: Н4 - Н1; Н1 - М15).
Approximate operations procedure:
- On Day schedules potentially favourable pattern (you define in advance kinds of patterns and their images on stories of schedules, or from other articles) is found out;
We pass on Н4. Under the histogram we define that the price has passed one cycle upwards (fig. 1) and will probably repeat it in the same direction. We expect the termination of correction and we enter at occurrence of a pattern of continuation of movement upwards. Stops, tejk-profity, management of the capital on your discretion.
2 WAY: we will use only one time range (for example Н4), but it is used two indicators MACD: (5,13,1) and (15,39,1). We take, for comparison with the first way, the same site of the schedule
At pattern occurrence on MACD (15,39,1) it is compared to patterns on MACD (5,13,1), at coincidence of directions, on recoil we enter. In the given way, certainly, will be in 2-3 times more than potentially favourable inputs, than in 1st way, but also stops will work more often.
These two modes of work only a basis. I think that you, for certain, can improve them, alter under myself", bring improvements, and can stably earn. Successes to you and профитов!