The Famous Pattern - The M15 Setup 1

[immy]

GU Famous Setup ... (i did not take this as M15 famous, but I saw it on H1, took it below D1 lows)

Just realised my mistake. I must have confused many people with this picture. Please accept my apologies. This is not the Perfect Famous Setup.Just a good setup on m15.

This is what you need on a famous setup. It must have a clear strong 3 on Day 1. followed by a Flat Pancake type flat box to form wave 4. Day 2 is your entry day.

Look for a tall Vertical Rectangle followed by a Horizontal Flat rectangle

[rsaemy]

Good afternoon all,

It's my birthday today so i was busy in the morning with surprises and phone calls for wishes. Just giving you guys a quick update. Last night move was good on all major. I can't see anything famous. Quick analysis as below:

EU H1 - nice move, trend continue in same direction. No flat pancake which means no wave4 on m15. Just S2 signal on m15.
GU H1 - same as EU
UJ - didn't go sideways just continued marching down no wave 4 on m15
EJ - EJ is stuck going nowhere
AU H1- AU shown nice small rectangle box but not enough pullback means no wave 4. m15 gave S2 signal
Swissy - same as EU
Ucad - nice S2 signal no famous

Also, these pairs started moving in asian session which is also another filter.

Catch you guys in skype today. i will be bit late as going out for dinner.

Thanks heaps Sam... Great post and analysis
I hope we can have more of this
I managed to take AU

Happy birth day (party) (party) (party)

[Jasmien]

Thanks Sam! I took G/U and U/Jpy this morning.

[Tomi]

Let's catch all famous together

Excellent Sam! :-bd

[Jasmien]

Nicely traded Sam! I'll be checking this thread daily, like a fan...

[Jasmien]

Thanks Sam for confirming, No famous today (yes).

[immy]

[immy]

[Jasmien]

Nice one!

[immy]

The Famous setup started a few years ago. It has a very good success rate and our good friend Sam @fxsam has doubled his acount a few times simply trading this pattern. Its a good one.

There is a problem though. A lot of the guys debate over a setup whether its a famous or not. So I'm trying to end this here (trying).

When we discovered Famous pattern at the time we had not yet discovered The 2017 Setup 1. The new Setup 1 where you validate a setup signal by checking if you have a clean strong 3 and a nice flat 4. That is your Setup 1. And the same rules apply for Famous.

So there isn't much to say here. The Famous = Setup 1 (not the old setup 1 but the new Setup 1 as per the videos in the The Setup section)

Cheerios... everybody dance ...