Learn How to Trade the #1 Chart Pattern-The Bull Flag | Forex Factory

  • Learn How to Trade the #1 Chart Pattern-The Bull Flag

    From dailyfx.com

    Today, we are going to examine the forex flag pattern which is one of the most successful chart patterns in technical analysis according to Thomas Bulkowski, author of the book entitled, Encyclopediaof Chart Patterns. He states that bull flags meet their upside targets 64% of the time. This is good to know as a traders can have a little more confidence in a trade setup that breaks out from a bull flag pattern. Being a continuation pattern, forex flag patterns, by nature, are expected to travel in the same direction as the trend leading up to the flag pattern. Learn Forex: Bull Flag Pattern (Created using FXCM’s ... (full story)

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piprac
Sep 25, 2013 8:26am
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I'll take that extra 14% edge, thank you very much (if the 64% statistic is accurate.)
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Fx-BigDog
Sep 25, 2013 1:18pm
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The EURUSD bull flag, may end up to be a failed pattern, and see the market sliding down towards 1.3390, but that should be just the initial move, then we should see another dip before a bigger rally is expected towards 1.3693

Happy Trading,
FxBigDog
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DR Ali
Sep 25, 2013 2:56am
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when every chart pattern has 50% of winning ratio why to these guys teach this things?
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EBtrader
Sep 25, 2013 3:13am
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"when every chart pattern has 50% of winning ratio why to these guys teach this things ?" Easy ! Teaching this things gives a 100% winning ratio ! he he !
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Trader#96EB
Sep 25, 2013 7:49am
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Nothing is impossible in hindsight
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