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Forex Patterns

10 topics 67 posts

Discuss forex chart patterns, price action structures, candlestick formations, breakouts, reversals, and continuation setups.

This category can be followed from the open social web via the handle forex-patterns@forum.forexroasted.com

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    DaveD
    This section is for discussing chart patterns, price action setups, candlestick formations, and structure-based analysis. If you're seeing a pattern develop or want to break down a setup that already played out, post it here. Basic conduct If you disagree with someone's pattern identification, explain why. "That's not a head and shoulders" needs more than just the assertion. No mocking basic questions. Pattern recognition takes time to develop and everyone here got it wrong plenty of times before getting it right. Critique the analysis, not the person. Promotion & advertising Do not promote paid courses, pattern recognition tools, or signal services without admin approval. "Here's a free chart, DM me for more" still counts as promotion. If you've built something related to pattern analysis and want to share it, contact admin first. Referral links get removed without warning. DMing members to sell anything will get you banned. Posting standards Always attach a chart. Describing a pattern in text without a visual is asking people to take your word for it. Mark up the chart properly. Label what you're seeing and where you'd expect price to go. An unmarked screenshot isn't analysis. When a setup plays out or fails, post the follow-up. Selective posting of only the wins is the oldest trick in the book and nobody here is fooled by it. Specify the pair, timeframe, and when you spotted the pattern. Context matters. Other things that'll get your post removed Retroactive pattern spotting presented as real-time analysis. Hindsight setups are fine for learning, just label them as such. Posts that are just thinly veiled promotion for a pattern-based signal service. Off-topic content that belongs in sentiment, tools, or broker sections. Warnings for minor stuff, bans for anything deliberate or repeated. Not sure if something fits here, message a mod before posting. — ForexRoasted Team
  • do harmonic patterns have a real edge or is it just drawing pretty shapes

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    NicholasN
    edge is location plus invalidation, not the ratios. trade levels with a stop, skip the mysticism.
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    NicholasN
    wait for the neckline break, dont enter at the second peak, dont fade strong trends.
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    H
    to make the flag tradeable concretely, look for a strong impulsive leg, then a shallow, orderly pullback that doesnt retrace too much of that leg, ideally on declining momentum, then enter on resumption in the trend direction with a stop beyond the pullback. the key qualifiers are strong leg and shallow pullback, a deep messy pullback isnt a flag, its a possible reversal wearing a flags clothes. keep the criteria strict and the flag stays one of the more reliable continuation reads.
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    A
    coin flip alone, real edge with mature trend, good location, retest entry.
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    NicholasN
    strong momentum mother bar + location in open space + daily timeframe = quality setup. avoid inside bars against key levels and on lower timeframes.
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    A
    take partial at 50% of measured move. full target hits maybe 55% of time. volume behavior during consolidation is the quality filter.
  • engulfing candles - how much context actually matters for reliability

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    lowkeysamL
    location + exhaustion context + volume confirmation = meaningful signal. isolated engulfing = noise. use as confirmation not trigger.
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    fadedlightsF
    spring and test = genuinely useful. full phase schematic in real time = mostly retrospective. use the concept, skip the rigid labeling.
  • do calssic chart patterns actually work or is it just confirmation bias

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    J
    can confirm the unwelcome backtest from experience, i counted my go-to pattern and the real win rate was nowhere near my memory of it, though still slightly positive when paired with trend context. that count changed me from trading the pattern alone to using it only in alignment with the higher-timeframe direction, which is where its modest edge actually lived. counting didnt kill the pattern, it located the narrow condition where it was real.