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ateentrader(https://ateentrader.com/author/ateentrader/)
December 21, 2017(https://ateentrader.com/2017/12/21/) 1:51 pm
9 Comments(https://ateentrader.com/chart-patterns- b- r/#comments)
Chart Patterns
The Chart patterns i will cover today, with the rules to follow
to ensure the highest probability of success, are patterns that
i personally take and if you are a beginner i suggest you back
test then before apply them to your live trading.
FTR
(https://ateentrader.com/wp-
content/uploads/2017/12/bullish- r-example.jpg)
This is a Bullish FTR drawn with lines, not candles,
essentially what this is a small pull back in price to collect
orders to trap sellers and gather more buyers before
continuing up.
EJ 15m
(https://ateentrader.com/wp-content/uploads/2017/12/Ftr-
examples.jpg)
Bearish
(https://ateentrader.com/wp-
content/uploads/2017/12/Bearish-FTR-Example.jpg)
A Bearish FTR is simple the opposite of the bullish FTR,
price is in a downtrend and has a single candle pull back
that serves as a liquidity grab (order grab). And A er results
in a continuation of the downward move.
UJ 15m
(https://ateentrader.com/wp-content/uploads/2017/12/Ftr-
example.jpg)
FTB
FTB Rules:
Bullish
(https://ateentrader.com/wp-
content/uploads/2017/12/bullish- b-example.jpg)
As you can see here, the le was an FTR and price then
proceeded to push away from that but later (usually a few
hours) price came back and Retested that zone before
rejecting and continuing the initial move.
CHFJPY 15m
(https://ateentrader.com/wp-content/uploads/2017/12/ b-
Bullish.jpg)
Here is a bullish FTB, which just simply means that we
where in a bullish trend and created it. This is a A- not an A+
set up. Still very good. So what we see here is an uptrend,
then an FTR ( i drew zone in) then we pushed away from
that zone (25 pips) which is perfect. Then over the next 1h
we pulled back and had a bearish candle close directly in
the zone, and the next candle was a bullish outside of the
zone, which is where we take entries. On this set up a stop
loss around 8 pips and a TP at the zone in which we initially
moved from is how i would approach this trade.
Bearish
(https://ateentrader.com/wp-
content/uploads/2017/12/Bearish- b-example.jpg)
A Bearish FTB is the reverse of the bullish, price is in a
downward momentum and creates an FTR to collect orders
to continue the move. Then price finds a support (usually a
minor) and pulls back to the FTR and when it rejects we
look for sells back to that minor support zone.
EU 15m
(https://ateentrader.com/wp-
content/uploads/2017/12/bearush- b.jpg)
This was a very good setup. Price Created a very nice FTR,
we pushed far away (25 pips) pulled back to the FTR and
closed inside the zone. Then we had a bearish engulfing,
a er that candle we look for entries. With our stop loss
above the FTR zone (12 pips) and our Take profit at the
initial reversal (25 pips). Note: a er the initial target is hit,
feel free to let one position run.
RBR
(https://ateentrader.com/wp-
content/uploads/2017/12/Rally-Base-Rally.jpg)
Here, as you can see we are in bullish momentum, we have
a bullish Rally, We then find a base while collecting more
orders. Then we break out of the base zone and continue to
phase 2 of the rally stage.
(https://ateentrader.com/wp-content/uploads/2017/12/rbr-
2.jpg)
Here is a live example of Rally Base Rally. As you can see we
had a strong bullish push, then had a base. This base was
actually creating Higher Highs and Higher Lows, better
allowing us to know we will continue into the second rally
phase. On a RBR set up, when looking for entries. If i am not
already in entries prior to the base, we will wait for the base
to break and start the second rally phase, and place our
stop loss below the lowest part of the Base phase and look
to take profit at the next zone.
Bearish
(https://ateentrader.com/wp-
content/uploads/2017/12/Drop-Base-Drop.jpg)
A DBD is simple a reverse RBR, this is when price is in a
bearish momentum and tanks, then we find a base (which
is price collecting orders) before then continuing the
bearish momentum.
(https://ateentrader.com/wp-
content/uploads/2017/12/Drop-Base-Drop-example.jpg)
Here is a live example of a DBD, price was in south
momentum, created a base and then furthered the tanking.
Looking for entries here, first you could look at the green
arrow. Price was exhausting and entering a er the bearish
candle could have been valid. OR you could have entered
a er the blue candle, which is the candle that broke out of
the consolidation box.
(https://ateentrader.com/e (https://ateentrader.com/b
Emmanuel
3 J A N 2019 REPLY (/CHA RT- PATTERNS - FTB - FTR/ ?
REPLYTOCOM=10#RESPOND)
ateentrader
(https://ateentrader.com)
4 J A N 2019 REPLY (/CHA RT- PATTERNS - FTB - FTR/ ?
REPLYTOCOM=11#RESPOND)
@thewolfofbaystreet
23 FEB 2019 REPLY (/CHA RT- PATTERNS - FTB - FTR/ ?
REPLYTOCOM=3494#RESPOND )
REPLYTOCOM=3884#RESPOND )
Thank you!
kingsley enajeroh
27 J UN 2019 REPLY (/CHA RT- PATTERNS - FTB - FTR/ ?
REPLYTOCOM=11459#RESPOND)
ateentrader
(https://ateentrader.com)
28 J UN 2019 REPLY (/CHA RT- PATTERNS - FTB - FTR/ ?
REPLYTOCOM=11473#RESPOND)
Raphael Aggrey
13 J UL 2019 REPLY (/CHA RT- PATTERNS - FTB - FTR/ ?
REPLYTOCOM=11719#RESPOND)
REPLYTOCOM=12271#RESPOND)
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