Chart Patterns They are simply forms drawn on the chart based on the price action that form the tops and lows, which leaves us a tech...
Chart Patterns
They are simply forms drawn on the chart based on the price action that form the tops and lows, which leaves us a technical shape used in trading
If price models are purely artistic style, based on the art of drawing, does not belong to other models based on Fibonacci ratios or ratios fixed in fixed numbers
While it is the art of drawing and grabbing the art of the chart based on the movement of the price, which is the tops and bottoms, which draws us a model on the chart we quote and trade it ..
We will not say that price models are the superstitious thing that wins 100 * 100
But one can say that it is one of the most important and best analytical tools that allow us to profit from trading and provide us with fairly safe entry opportunities.
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These models are classified very simply into two types
Reflective price models: These usually result in reversal corrections.
Continuation price models: This results in a new trend that completes the previous trend.
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Important Disclaimer:
Forex is not analytics and graphics
Forex without strict capital management is a waste of time and money
Trading method + capital management + commitment = successful trading
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The introduction was simple and not long
In next posts we will begin to explain the models fully
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Author : mohammedgaber
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