Patterns Observation.

[TheRumpledOne]

Since you are talking about patterns, I realized there are only 4 states (patterns) for a candle.

[Don_xyZ]

Since you are talking about patterns, I realized there are only 4 states (patterns) for a candle.

Good video. Great indi.

Well, if you think about it, you only have 3 instead of 4 because HHHL and LHLL is actually a 2 (according to Rob).

Then again, if you want to go into details then it's not 4 but a lot more due to the wave and the size of the wave that forms the candle. So for bears, we got back slash and its variants, V and its variants, A and its variants, N and its variants, mirrored N and its variant. That's already a total of at least 15. Same for the bulls.

TRO's back.

I'm back.png (162.88 KiB) Viewed 901 times

[TheRumpledOne]

....

TRO's back.

I'm back.png

I haven't been gone!

As I define price action, there are only 4:

1 Outside bar ( price breaks both high and low of previous candle );

2 Inside bar ( price fails to break both high and low of previous candle );

3 Higher High / Higher Low ( price breaks previous candle high and but fails to break low of previous candle );

4 Lower High / Lower Low ( price breaks previous candle low and but fails to break high of previous candle );

That's all there is.

QED.

[Don_xyZ]

....

TRO's back.

I'm back.png

I haven't been gone!

As I define price action, there are only 4:

1 Outside bar ( price breaks both high and low of previous candle );

2 Inside bar ( price fails to break both high and low of previous candle );

3 Higher High / Higher Low ( price breaks previous candle high and but fails to break low of previous candle );

4 Lower High / Lower Low ( price breaks previous candle low and but fails to break high of previous candle );

That's all there is.

QED.

Yes. I get it.
I mentioned 3 because you didn't mention the bias (candle color) for the first 2 (the OB and IB). That makes the later 2 a "2" ("2" up or "2" down). A "2" is a directional candle. I'm sure you're familiar with Rob's work but just in case the others don't, I put 'em vids here:

But yeah, it is basically the same thing, your 4 and his 3. Doesn't make any difference in how I trade



The coast is clear (for Asian session). But I'm late into the game

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[TheRumpledOne]

Yes. I get it.
I mentioned 3 because you didn't mention the bias (candle color) for the first 2 (the OB and IB). That makes the later 2 a "2" ("2" up or "2" down). A "2" is a directional candle. I'm sure you're familiar with Rob's work ...

Never heard of him.

[kiwiarian]

....

TRO's back.

I'm back.png

I haven't been gone!

As I define price action, there are only 4:

1 Outside bar ( price breaks both high and low of previous candle );

2 Inside bar ( price fails to break both high and low of previous candle );

3 Higher High / Higher Low ( price breaks previous candle high and but fails to break low of previous candle );

4 Lower High / Lower Low ( price breaks previous candle low and but fails to break high of previous candle );

That's all there is.

QED.

Yes. I get it.
I mentioned 3 because you didn't mention the bias (candle color) for the first 2 (the OB and IB). That makes the later 2 a "2" ("2" up or "2" down). A "2" is a directional candle. I'm sure you're familiar with Rob's work but just in case the others don't, I put 'em vids here:

But yeah, it is basically the same thing, your 4 and his 3. Doesn't make any difference in how I trade



The coast is clear (for Asian session). But I'm late into the game

the coast is clear.png

Cheers, Strats is new to me, will have a look. Will see if there is a new zone in there I don't know I can add to my WIL
The only zones I know are SnD and SnD hidden zones, imbalance zone, Mighty zone, DojiZOne, Rat Zone, Buy zone, Wick Zone. Maybe the sessions can be classed as zones too?!
Heard of the HOLO zone..

[Don_xyZ]

I haven't been gone!

As I define price action, there are only 4:

1 Outside bar ( price breaks both high and low of previous candle );

2 Inside bar ( price fails to break both high and low of previous candle );

3 Higher High / Higher Low ( price breaks previous candle high and but fails to break low of previous candle );

4 Lower High / Lower Low ( price breaks previous candle low and but fails to break high of previous candle );

That's all there is.

QED.

Yes. I get it.
I mentioned 3 because you didn't mention the bias (candle color) for the first 2 (the OB and IB). That makes the later 2 a "2" ("2" up or "2" down). A "2" is a directional candle. I'm sure you're familiar with Rob's work but just in case the others don't, I put 'em vids here:

But yeah, it is basically the same thing, your 4 and his 3. Doesn't make any difference in how I trade



The coast is clear (for Asian session). But I'm late into the game

the coast is clear.png

Cheers, Strats is new to me, will have a look. Will see if there is a new zone in there I don't know I can add to my WIL
The only zones I know are SnD and SnD hidden zones, imbalance zone, Mighty zone, DojiZOne, Rat Zone, Buy zone, Wick Zone. Maybe the sessions can be classed as zones too?!
Heard of the HOLO zone..

No offense but the world is huge and yes, there are stuff out there that you AND I don't know of so we're actually on the same boat

Of course. Highest Open Lowest Open, yes? In a way, that is S/D but you can also say it's fresh S/R or part of FTR or M/W or QM or H&S or other stuff depending on what you have on the left.

I'm sure you know about Gap zone but there are also Hatsu zone, Jiro Hatsu zone, LO zone, Upper Quartile zone, Lower Quartile zone, SSR zone, UFO zone and so on and so on..... Some of them are variations of old stuff but with added details, others are new. Others can be found freely on the net, rest are circulated in private groups. If you're curious, UFO stands for UnFilled Order. They should've used UNO instead Google it.

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[IgazI]

Price has only one state when there is a pattern. . .
price is IN something, because you are only trading price moving out of something.

You've identified 'a' is a 1-2-3, 'b' is a channel, and 'c' is a tin soldier, what are you going to do now? trade the breakout? that's nice

[Don_xyZ]

Price has only one state when there is a pattern. . .
price is IN something, because you are only trading price moving out of something.

You've identified 'a' is a 1-2-3, 'b' is a channel, and 'c' is a tin soldier, what are you going to do now? trade the breakout? that's nice

Yes, the money is made when price is out of something. Doesn't matter what that something is. No arguing that one alright

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Yeah, pretty much like that

[Don_xyZ]

A film crew: Why do you not stick to a sword or a gun as a weapon in your movies?
Jackie Chan: I AM the weapon. Anything I touch becomes a weapon.

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For sure!