The Famous Pattern - The M15 Setup 1

[immy]

Possible play for today EU, swissy and UJ. Uj might start moving in Asian but EU and swissy is stunner.

Thanks Sam, and here is what happened ... Its one of the best patterns we've ever found. You can predict it 12 hrs in advance.

04-07-2014 12-43-31.png

04-07-2014 12-45-32.png

[Tomi]

Hey fellows, I have been traveling and not having time to trade. However, I have checked many Famous Pattern setups and oh my....those are fantastic. Things normalize soon and normal trading continues. Famous Patterns will be in the trading arsenal from now on! See you and let's get ready

[yinyang]

Hi Friends,

Here is a possible FAMOUS PATTERN, the GBPJPY, becareful, still on contertrend on bigger time frame. (party)

[yinyang]

Hi Friends,

Here are potential FAMOUS PATTERN, ON THE GBPUSD, USDCHF, CHEERS,

[Nikita]

Hello, guys!
Let me join this thread. In close future i wont be able to trade m1/m5, so decided to trade famous.
YD u/chf

uchf.png

need to adjust trail stop to HTF.

[moty]

Hi Sam

What do you think about the EJ FP?

[Nikita]

Next time it will work out as planned.

2014-07-25_1904.png

Moved SL at 0.5 of initial when RR 1:2.

[Nikita]

Today 2 famous appeared.
But never worked out. next.

2014-08-06_1201.png

2014-08-06_1200.png

[Nikita]

I dont look at m15.. I m just looking for tight h1 box size..
May be i should change my tactics)
Thank you, Sam.

[immy]

I dont look at m15.. I m just looking for tight h1 box size..
May be i should change my tactics)
Thank you, Sam.

Famous can be traded on H1 on its own as well. But since its a 5th of the 3rd wave you get better definition of price action on M15.
The secret to success is , Trade the same setup over and over and go for 1:2 and above... thats all. Learn to wait helps

One point that is worth noting about Famous setup is that the directino of the trade and trend is 100% clear for these setups. Its working perfectly for H1/M15 combination or some people simply take it on h1.