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Price Action’s most powerful tool forex pattern recognition

Price Action’s most powerful tool forex pattern recognition

Price Action’s most powerful tool forex pattern recognition 1

My experience:

  1. The EUR/USD chart solely consists of M patterns. Each M is in a particular font, so you’ll be able to’t depend upon amount, dimension and amplitude (VAL) nonetheless comparatively the pattern recognition.
  2. Commerce inside the path of the pattern.
  3. If the trail of the pattern changes, you alter as properly. Associate with the pattern.
  4. Usually the first leg and fourth leg (of the M) are bigger.
  5. The second letter ‘M’ is generally smaller (M m M m M m)
  6. Don’t commerce earlier M’s on the equivalent timeframe
  7. Shopping for and promoting the third leg of the letter M (inside the path of the first pattern) is saver than the other legs.
  8. Confirm the M pattern on: a) the value chart b) and totally different indicators (i.e. oscillators)

Learn the way to make income:

  1. pattern recognition: study the pattern, understand the place you is perhaps contained within the pattern, the legs of the equivalent M pattern are usually of comparable format.
  2. use the font recognition methods. Can anyone ship a hyperlink with evaluation of how one can acknowledge a character (i.e. M letter) in a number of sizes, shapes, fonts?
  3. as robots become further modernized they’re capable of study handwritten characters increased. Which methods do they use?

Please share your particular person experience.

Price Action’s most powerful tool forex pattern recognition 2
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