Sam's Journal [Awarded Title: The Master of Famous Setup ]

[immy]

Yes immy i got it. Indeed EU and EJ both after series of losses this week. sigh.
Both were famous pattern. My first trade on EJ turned into rent on PC but H1 trend kept me interested in m15 pattern and i entered again. Picture tells the rest.
i decided to take profit after H1 fruit but again let it run would have bring some more pips. Still happy with the result as these two trades gave my account huge boost.

Hearty thanks to Immy for showing this pattern. ^:)^

Thanks to you too Sam. You've been a good disciple \m/ :o3
On a more serious note, I can assure you mate, this Famous Pattern has been there for a decade now. Even during the times when volatility was higher comparatively we saw it very often 3-4 times a week on 4-6 pairs. ENJOY


pssst: watch that GU tomorrow morning ... wink wink

Now post that beauty haha , isn't it amazing that we predicted this 8 hrs ahead of time?

[Michal]

took same setup but obviously because of my job as always couldnt watch it to squeezee it nice as you did well done Sam ! (party) (party)

[immy]

Thanks Immy for your call about GU famous pattern ^:)^ ^:)^ . Yes once again prediction was so right. Here is the result.

12% account growth?

I only imagine what it would have been had you stayed up all night haha, and closed it now... around 9pm uk... haha... 25%?

[Dave]

You're really nailing this Famous Pattern, Sam! Nice one.
I've watched this fly too often to continue to ignore it, so when work permits I'm going to have a quick chart scan before FO for the FP. Couple questions for you (and Immy)....
1. Entry on first break of M15 or wait for H1;
2. FO or LO;
3. SL placement (likely M15 AIMS level as initial);
4. Apart from the obvious H1 conditions (previous day impulse W3, pancake Asia, alli still open to downside) are there any other conditions you consider?
Thanks

[bambino45]

This is pure poetry. Cap well and truly doffed !

Excellent, you earned ever one of those 12 percentages ! Have 12 days off !

[Darren]

Brilliant trades Sam - well done! :-bd

I guess you trade at about 2% risk to make 12% return on that move. I can see why as you seem to be doing extremely well and rarely have a losing day! Nice one. (wd)

[Dave]

I think it's time we start a dedicated Famous Pattern thread. We can get a list of tradable instruments up at around 6am London time each day and join Sam on the gravy train

[Darren]

Great idea Dave - I am very tempted to trade the Famous Pattern!

[Dave]

Agree, it'll help get on board those big impulses that aren't quite right on M1/M5. I'm happy to set up a thread, unless you'd like to Famous Sam?

[immy]

Oh yes.... The Famous Setup... and it can be predicted a day in advance... just don't let the buggers outside know about it .... nah... even if they knew... nothing will change... whatever we do, we create Fractals... and when we do this, it creates setups...

"its freedom but there is no escaping from it" ... Paradoxical Reality... its the nature of the universe... its big but small... tis obvious but obscure, its dark but its bright... it is "what you think it is" ALL IMHO