Wow people still trade these old patterns. Have you all tried the new ones? The racoon and cheetah patterns are most powerful right now. But ever since the Chinese new year the newest pattern of the dog has emerged. I think that one is gonna be HUUUUGE this year.
I’ve never heard about these patterns… could you tell about the dog pattern in more detail? I’m very interested to know how it is arranged so that I could test it on demo.
Good idea, I will work on a video explaining this in more detail. Sorry for the late response…
I am new to the forum and reading around. Very useful topic but too complicated for a beginner trader as me. Recently I took few courses from EAForexAcademy and the systems there were much simpler and easier to be applied. I succeed to take 20-30 pips daily with each two of the systems there. One uses the London breakout, the other one is scalping system. Anyway, I will do some effort to read more above and catch this system. This way I hope to reach 100 pips a day which is nice.
If any of you wish me to return to this thread or continue to analyze the markets on another media platform msg me here or add me and msg me on: Luis Mejia | Facebook
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Results from Mid August to oct 11th Trading on the MT5 Platform using JFD Brokers
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Hi Luis, how are you going with it? I’ve been following for the best part of ten years now - wondering how you have been going lately.
Wow the explanation is very awesome…
I think it’s a good approach, and the risks were estimated quite reasonably, although a lot still depends on the amount of capital, but in general it is reasonable, maybe not too active, but as accurately as possible.
JPY = Safe
So… I spent the past 3-4 years analyzing the markets and fib levels thoroughly… I created a formula for the fibs we used on the regular and applied it to them and discovered the following fibs:
Here is the list of additional fibs I have added to my tool box: .118, .309, .441, .559, .6625, .7465, .836, .943, 1.136, 1.445, 1.809, 2.309, 3.445 (The Bold fibs are also used as CD projections).
I did so after noticing the price continued to fail on certain patterns by closing bellow the original convergence zone but always seemed to move as a fake out in certain pairs and instances.
All in all… the results have been tested… they work best on pairs with huge volatility. In addition, you can work with just these fibs instead of the standard ones and still find patterns that have completed and developed good with them starting from the 90s.
Also please note the two following fibs as KEY in any trading style that you are using that use the “Legacy” fibs.
A) 1.136 <= this fib tends to confirm whether a 100% CD point is legitimate or not after a closing bellow the 100% fib zone. The pip difference between the two is minimal and increments as with all else with the time frame it is viewed in. Taking a trade inbetween the 100% CD and 113.6% CD seems to be the best for yen pairs.
B) 3.445 <= This fib is a calculated extension to the 2.618 and has worked flawlessly in predicting key market trend reversals and continuations within the market. This by far has become my favored fib to use because of this case and the majority of my trades will be based off it. A break or respect of this fib point tends to indicate a movement similar to the XA measured in the corresponding direction.
In addition, the .118 Fib tends to signal the continuation or reversal of a trend. I do not use this fib for entering patterns. But it helps determine whether the market is creating a true swing or continuing… I will elaborate on this more thoroughly throughout the year as you see me progress within our trades.
I suggest that you download the fxcm app and play around with these fibs replacing all the old ones so you can see with your eyes the levels that are respected in the different markets.
Again remember, these fibs are basically the 50% zone in between the following fibs: .236, .382, .5, .618, .786, .886, 1.272, 1.618 2.0, 2.618
kudos!
I m impressed by your story. And will like to get some tips from you. Thx
This Final Quarter I will return to this thread and begin posting analysis for the markets with live entries and positions, from now on my posts will be dedicated towards the recording of all my trading progress as originally intended by the creation of this thread. The integration of different trading techniques and disciplines throughout the years is at a completion.
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Well >.< A 'lil longer than expected but still on schedule to show you something nice this year… Please stand By.
If any of you wish me to analyze a market in Forex or Commodities you are looking at, send me a private message.
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Hi TMB - Good to hear from you again - any recent analysis would be much appreciated mate,
Hope you’re well
I gave my investors the Go, I told them not to put a penny in my pocket until i reached a certain goal i had personally. Now the Green Light is on and I will start showing my work here soon 
just stay tuned bro ill analyze for all here without a problem as before.
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looking forward to it
Hi @TMoneyBags, Will there be any new posts in this thread? How’s your progress in FX, please? I used to follow your methodology and I wonder if you changed something and you can share it.
I miss your posts
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Yes, i will begin posting end of this week. I will also setup a myfxbook for the accounts.