What is the difference between a "breakout" and a "pattern"?
In you USDJPY pic, I see prices closing lower and then coming back up to wick upward on the third curly bracket. My entry would have been to wait for a new close under the (1) then short. Same idea with your XAUUSD trade.
Your ideas seem to be able to identify entries sooner, while my method enters after it has moved and confirmation
The curly bracket represents breakouts?
What are 1-2-3?
How do you know how to draw those 15 degree lines like that? I can see a million ways of drawing those lines that are different.
I guess I just need to see these ideas at a more basic level.
You know what a pattern is, don't play with me:
1-2-3s, head & shoulders, channels, triangles, ...
A breakout is simply a move that "breaks out" from a pattern.
All patterns are related, if you learn about one then you will have insight into another.
Most people have difficulty understanding cones & channels so I use 1-2-3s to describe them.
I have two options:
a) I spend hundreds of posts talking about the nuances of trading patterns.
b) I make it so simple that even a caveman can do it.
If it looks strange it is because it is strange.