Classic Chart Pattern - Page 83
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Thread: Classic Chart Pattern

  1. #1
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    Classic Chart Pattern

    These are classic chart patters which are three types and you can use these patterns in your trading. The important thing is that in these chart you are see the your enter point, Stop loss point and take profit point. Its very easy for you to learn these patterns and get good earning on your trades.
    Below are the type of these classic chart.

    a)Reversal Chart Patterns
    1) Double Bottom
    2) Inverse Head and Shoulders
    3) Falling Wadge
    4) Double Top
    5) Head and shoulders
    6) Rising Wedge

    b)Continuation Chart Patterns
    1) Falling Wedge
    2) Bullish Rectangle
    3) Bullish Pennant
    4) Rising Wedge
    5) Bearish Rectangle
    6) Bearish Pennant

    c)Neutral Chart Patterns
    1) Ascending Triangle
    2) Descending Triangle
    3) Symmetrical Triangle


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  2. #821
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    I will see all the basic charts these all are the best way of the earning . when we follow teh news of the market and they are very helpful in the trading . every trader must know how to earn money in the forex . we know there are many experience traders here especially among our administrator . we work hard to earn a lots.

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  3. #822
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    Quote Originally Posted by Rozi_Roti View Post
    I will see all the basic charts these all are the best way of the earning . when we follow teh news of the market and they are very helpful in the trading . every trader must know how to earn money in the forex . we know there are many experience traders here especially among our administrator . we work hard to earn a lots.
    Following news is fundamental analysis and following charts is technical analysis, you can use both but also can use one of them. For technical traders it is very important that they know about some chart patterns, indicators and the SOR levels. When certain chart patterns form market can be expected to take a specific direction like it can move up or it can go down and so on.

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  4. #823
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    Rising and falling wedge is the continuation patterns, rarely they inverse the trend. These are the basic of forex and every trader should know them. 90% of traders do not know these patterns and they lose because they don't know where to enter and exit rather where to put stop loss and take profit.

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  5. #824
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    As forex traders we should learn to master these trading patterns because they are always present in the charts and when you have gained adequate knowledge and experiences about them then you shall be able to start earning money off the field of forex trading business easily. Most times we might not even need to start using the trading indicators when we have mastered these chart and candles stick patterns which is the key means of knowing how to trade the forex market and it gives use better understanding on how to start making use of these methods to gain so much money off the market.

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  6. #825
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    Chart patterns are worth something when they are on hourly time frames and are confirmed with braking of support resistance levels. But if chart patterns are on minute time frames so bearish patterns can become bullish in an hour or vicer vercer. Pattern trading is not easy because there are a lot of patterns and they should be confirmed.

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  7. #826
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    with the classic chart patterns the trader will be able to know how to read the chart and how to make good trading because the trader will be able to open positions in the proper time and so he will be able to make good trading and the risk will be small and so he will be able to trade with more safety and save the money and make good profits.

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  8. #827
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    Quote Originally Posted by sameeh View Post
    with the classic chart patterns the trader will be able to know how to read the chart and how to make good trading because the trader will be able to open positions in the proper time and so he will be able to make good trading and the risk will be small and so he will be able to trade with more safety and save the money and make good profits.
    Yeah the use of classical methods always clarify the chart and a trader can easily study them with working very perfectly on it so we have to be sure we are working in the right directions of the market and through own experience and power of learning skills important to get the profitable trade through any working methods as well .

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  9. #828
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    It is a good option for trader to be follow the use of buillish and bearish chart pattern because these will give trader opportunity to trade safely and we have own successful plan , if we are not following the right approach in trade so that will give trader big chances of losses ,we must have to make our trade in right of the way with good planing by use minimum risk of trade .

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  10. #829
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    This is the best post for all the newbie traders . well experience and well knowledge is the important thing for the trading , we easily earn money from the trading ,the candle stick charts is the best way of earning , we focus on the charts and follow in trading . i know that all the well experience trader earn a lot of money from the trading .

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  11. #830
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    Learning the various chart patterns and then the way you are able to implement what you learned about the chart patterns, counts. Price action mainly deals with using the chart patterns to understand the market movement whereby you can get to trade trends and breakouts and all. With chart patterns you can trade market trends, but you can also use an indicator along with it.

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