if all knowledgeable and brainy persons were super hit traders, then MENSA would be full of millionaires....
luv to loose.....
Price pattern scanner where I choose the pattern 4 replies
automatic chart pattern drawers for MT4? 36 replies
Chart Pattern Alert System? 11 replies
chart pattern trading 5 replies
EURUSD 1.50 Fails For Now - Chart 4 replies
DislikedYou show a new trader this sort of image and they're hooked for life. It's text-book, isn't it?
Once seen, never forgotten; problem was I didn't see it coming! Bye bye first account
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DislikedWhat is a chart pattern? Simple, a number of candles which appear in a certain order.
But for this you need a certain TF. Go to another TF and you will not see the same pattern. As there's a very big number of TF's, from 1 tick to a month, at every moment one can find any imaginable pattern if he looks at every possible TF.Ignored
DislikedJust beautifull aediaz I might drop one from my diamond collection later on if im feeling like. Next time we get such huge formation we shall buy ourselfs brand new MB (for starters lol)!Ignored
DislikedCareful, or people might start to think that patterns can be traded with profitIgnored
Dislikedhi novicetrader.
i feel chart patterns does not fail. it is the job of each chartist to recognise the chart pattern we a corrently in and when that pattern could possibly end. trading is a game of probabilities, recognising chat pattern should increase your percentage of profitable trades.
i find the first sign of a end of the present pattern is a divergence in my momentun indicators (macd ect). yes momentun indictors are lagging indictors but i have found over the years that this is not always the case. divergences in momentun indictors are a...Ignored
DislikedEncyclopedia of Chart Patterns - free - http://thepatternsite.com/chartpatterns.html {image}Ignored