Patterns in market - Page 3
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Thread: Patterns in market

  1. #21
    I'm using pattern analysis as the basis of the overall my trading system. I have gained great benefit from the analysis using the pattern. It is true, a pattern provides clear information about where the prices are moving and at levels that are clearly. We just need a moment to complete the plan-making order.

  2. #22
    Quote Originally Posted by wanahito View Post
    I'm using pattern analysis as the basis of the overall my trading system. I have gained great benefit from the analysis using the pattern. It is true, a pattern provides clear information about where the prices are moving and at levels that are clearly. We just need a moment to complete the plan-making order.
    True, its very much important for the traders to have certain kind of analysis to be made towards the forex market so that with the help of their analyzing skills they will be able to take up the best and high probability trades which has more chances for winning in the forex market. This way the traders can try to become good traders.

  3. #23
    Quote Originally Posted by ashvini View Post
    True, its very much important for the traders to have certain kind of analysis to be made towards the forex market so that with the help of their analyzing skills they will be able to take up the best and high probability trades which has more chances for winning in the forex market. This way the traders can try to become good traders.
    Yeah, because blind trade is something we should avoid after all. If you didn't know anything yet you want to keep trading then you will only loss in the end. Or perhaps, you might won in small luck but you will loss again later. And because of this, all trader need to accumulate the needed experience in trading first so they will know what they should do under a trading event.

  4. #24
    i prefer to work on the three type especially hidden pattern and i think obvious pattern we can get the benefit after it because i think weekly gap in must causes should be cover so i think all the three is we can get the benefit from it , and i think we can use many of that such strategy because i think it is very easy and we need to see the pattern to enter only ..

  5. #25
    Quote Originally Posted by ashvini View Post
    True, its very much important for the traders to have certain kind of analysis to be made towards the forex market so that with the help of their analyzing skills they will be able to take up the best and high probability trades which has more chances for winning in the forex market. This way the traders can try to become good traders.
    I have my own winning analysis , i follow some candlestick patterns in trading and these patterns gives me more and more money in forex trading market but it needs much learning and practice by the forex trader otherwise we cannot able to earn much money with any trading system.

  6. #26
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    Quote Originally Posted by wanahito View Post
    I'm using pattern analysis as the basis of the overall my trading system. I have gained great benefit from the analysis using the pattern. It is true, a pattern provides clear information about where the prices are moving and at levels that are clearly. We just need a moment to complete the plan-making order.
    I never knew about pattern analysis to make decision. Could you explain it more? Is it same with candlestick pattern to make analysis for next market's movement? It's not easy to know that current market is obvious pattern, hidden pattern or temporary pattern. From my experiences, market can 'fool' us so I made mistakes when I tried to recognize pattern in the market. If you can give more explanation, it will be nice so I could get more accuracy to know market's pattern well.

  7. #27
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    i am agree with your opinion. i would like to say you that every trader is unique and trading pattern is also unique. and motives of trading is different in case of their followed strategy. some traders are following fundamental and some prefer technical also prefer scalping so everybody should know the behavior of forex market to be a better trader . specially wanna to say for newbie should follow

  8. #28
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    I knew there are two main kind of patterns which are candlestick pattern and chart pattern. They are different but more powerful to book a profit from the market. I think naked trader knew them very well and already feel the power of that patterns.

  9. #29
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    Quote Originally Posted by alv_trader View Post
    "there are two main kind of patterns which are candlestick pattern and chart pattern. They are different ... " Can you explain more about their different? Because I don't know much about candlestick pattern or chart pattern. As far, I know a little bit about candlestick pattern, but rarely know about chart pattern. Also please explain it with some screenshot, so i and people here easily understand about chart pattern.
    I don't think if candlestick pattern is different with chart pettern. I think both of them are same, candlestick pattern is known from chart and we can read it from any time frame but it's more accurate if we are using high time frame to make sure the pattern especially if we want to know trending signal or reversal signal from candlestick pattern.

    There are many different patterns about candlestick pattern. Those patterns are hammer, pinbar, doji, shooting star, engulfing, and many other patterns. Sometimes, we can be wrong to recognize certain pattern so we can make wrong decision. It's important to spend time for understanding each pattern.

  10. #30
    I like to trade most of the patterns . First of all i trade those candlestick patterns which forms in support and resistance areas because they are very very profitable patterns with mostly 1:2 risk reward ratio.
    Secondly nowdays i am also looking for bullish flag, bearish flag, breaout , wedge patterns etc. Learning new and discovering new things everyday :)

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