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Thread: Forex patterns & probabilities

  1. #21
    Administrator funyoo's Avatar
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    Next bar after a doji star (bearish), a doji line which gaps from a long white candlestick.

    With EURUSD on the last 8 years.

    Timeframe - %UP/%DOWN - UP/DOWN bars

    H1 - 0/0 - 0/0
    H4 - 0/100 - 0/1
    D1 - 0/0 - 0/0

    On the 5 bars after the signal :

    Timeframe - %UP/%DOWN - UP/DOWN movements

    H1 - 0/100 - 0/1
    H4 - 0/100 - 0/1

    D1 - 0/0 - 0/0

    On the 10 bars after the signal :

    Timeframe - %UP/%DOWN - UP/DOWN movements

    H1 - 100/0 - 1/0
    H4 - 0/100 - 0/1

    D1 - 0/0 - 0/0

  2. #22
    Administrator funyoo's Avatar
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    Next bar after a doji star (bullish), a doji line which gaps from a long black candlestick.

    With EURUSD on the last 8 years.

    Timeframe - %UP/%DOWN - UP/DOWN bars

    H1 - 50/50 - 1/1
    H4 - 0/0 - 0/0
    D1 - 0/0 - 0/0

    On the 5 bars after the signal :

    Timeframe - %UP/%DOWN - UP/DOWN movements

    H1 - 50/50 - 1/1
    H4 - 0/0 - 0/0
    D1 - 0/0 - 0/0

    On the 10 bars after the signal :

    Timeframe - %UP/%DOWN - UP/DOWN movements

    H1 - 50/50 - 1/1
    H4 - 0/0 - 0/0
    D1 - 0/0 - 0/0

  3. #23

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    Nice idea.

    However, candlestick formations themselves are usually weak signals, and should not be used for trading. A doji, or even an Evening Star which is considered a strong pattern, will fail many times if traded without further confirmation. The main use of candlestick is to declare entries in confirmation with stronger signals such as Support and Resistance touch (Pullback, for ex.)
    FXCode Inc.
    Expert Advisor Developer

  4. #24
    goldie.kyles
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    For best forex patterns refer the site, forexpatterns.com

    I hope this helps.

  5. #25
    shirley.williams
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    A symmetrical triangle pattern is considered to be a continuation pattern. They are formed by trend lines connecting higher lows, and lower highs which eventually meet to form the apex of the triangle.

    The ascending triangle pattern is a variation of the symmetrical triangle. They are generally considered to be bullish patterns, and have higher forecasting abilities when formed in an up-trend. The top of the triangle is flat, while the bottom section has an upward slant.

  6. #26
    kevinjones
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    Today′s forex market contains some of the most profitable trading opportunities in the world. With the practical strategies and trading methodologies found in Forex Patterns and Probabilities you can uncover these opportunities and achieve long–term financial success along the way.

  7. #27
    Hosanna
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    Forex signals in fact help in strategizing how you as a trader would trade in the forex market, thus helping you gain profits from the currency trading market. However there are several software's that are available and it therefore gets imperative that you choose one that gives you complete access to the forex market. These software will give you every direction and guidelines about the market which also helps in improving your forex trading skills.

    The main idea of using the forex signal software is to ensure that traders get an idea about the pattern and trends so that lucrative decisions can be made. It also helps in allowing the trader to use the data so that future signal predictions can be made. Overall it helps in reducing the losses and creates a positive trading portfolio, with the right trading software you will steer off trading that can be complicated.



    Sogotrade review
    Last edited by Hosanna; 10-19-2010 at 05:19.

  8. #28
    kevinjones
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    Affiliate Programs are the dynamic portal engine and content management system that will help you to generate unlimited income and maximize revenues.

  9. #29
    sabrinathomas
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    Forex Triple Top Chart Pattern

    Triple Top formations are reversal patterns with bearisch bias, this pattern is not often seen in the forex market (also note Triple Bottoms, Double Bottoms and Double Tops). Triple Tops are identified by three consecutive highs of similar (or almost) height with 2 moderate pull backs in between (neckline).

    The triple top can be a major reversal pattern (if found on a daily chart or bigger timeframe) that can be formed after an extended uptrend. This pattern is confirmed when the currency pair price breaks from (it's third peak) above through the neckline, the most likely price direction is now DOWN.

  10. #30
    Junior Member
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    Can you share with us the program/indicator/script you have used in order to obtain that statistical data???

    Thanks in advice,
    Andrea182

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