Trading with a chart pattern - the old school style.

[soufiane dz]

The use of candlestick chart pattern is becoming very common in this business. I am also using candlestick chart pattern for my trading analysis you are right dear higher time frames are much better than lower time frames we should always check abou the market trend in long term time frames and according to that we have to set our trades in lower time frames chart

[mrinalini]

Learn price charts and market patterns in forex and CFD trading. ... this is a modified candlestick chart where the open-high-low-close (OHLC) values take the previous period into account to better isolate trends.

There are lots of things that needs to be considered when we trade with the naked charts and that also includes open high an lower close along with higher highs and higher lows or lower highs and lower lows which needs to be properly analysed before one can perform their trades . Also there are other factors needs to be considered in the chart based on candle stick patterns and before that one needs to make sure that they understand candlesticks pattern properly .

[amnajamil01]

I think in trading chart strategy is very good . I like this strategy ..

[rehanayaz2]

it's great to see your strategy chart pattern using a pattern I really like your strategy before you use this strategy it is better we must first understand the patterns chart pattern itself is not only based on our feelings, we should really have memorized by rote

[ch tayyab]

The 3 Most Common and Profitable Chart Patterns

At the beginning of best-selling book How to Make Money in Stocks, IBD Founder and Chairman William J. O'Neil shows 100 charts of the top-performing stocks over the last 100+ years. Whether it was General Motors in 1915, Coca-Cola in 1934 or Priceline.com in 2006, they all built the same types of patterns


What to Look For in the Cup-with-Handle pattern.

Prior uptrend of at least 30%

To form a proper chart pattern, you have to have a prior uptrend. The idea behind bases is that after making a decent run, the stock begins forming stepping stones as it takes a breather and prepares for an even higher climb.
Base Depth: 15%-30%

The depth of the base � measured from the peak on the left side of the cup to the lowest point of the cup � should be between 15% and 30%. In a severe bear market, the depth may be 40% - 50%. As a general rule, look for stocks that held up relatively well during the market correction. So if one stock on your watch list dropped 35% while another's base depth is only 20%, all else being equal, the stock with the 20% decline could be forming a stronger base.
Base length: At least 7 weeks

- The first down week in the base counts as Week #1.

The minimum length for a cup with handle is 7 weeks, but some can last much longer � several months or even a year or more. Be wary of any pattern that has the shape of a cup with handle but is only, say, 5 weeks long. That's typically not enough time for the stock to consolidate the prior gains, and such bases have a higher chance of failing.
Handle:

- Volume in handle should be light � depth of the handle should be 10%-12%, should form in upper half of base. Peak of handle should be within 15% of old high on left side of cup.

The handle should be a mild pullback on relatively light volume. It's a shakeout of weaker holders � those not committed to holding the stock longer term. A sharp decline of more than 12%-15% on heavy volume could indicate a more serious sell-off that might prevent the stock from launching a successful move.

[javedqasim]

Using chart pattern is a best way of learn trading specaily new traders some time the new traders not know abut chart pattern but after a long time they know about the importance of chart making and trading with a chart

[zulfiqar5564]

Bhai isko kafi achi tarah se explain to kiya gaya hai, lekin jaruri ye rahta hai ki hum kitna achi tarah se isko samjh paate hai, agar humari samjh mein ye aa jaye to tab trading karna mushkil nahi hota hai bhai, isko learn karke hi chalna hota hai.

ya bro in trading business trader understand the full trading work and trader learn complete the business and trader understand the all indicators and trader trade with market trend and good signals and when trader make good experience in chart patterns and indicators then trader work good and trader make good earning and trader follow the must current market position to make good earning.

[babar hanif]

aj kal to aisy aisy chart hain k apko kesi our chez ki zarorat he nahi parti or ap forex main aram sy profit kama sakty hain ye chart ka sabsy sada style hai jo mere bhai ny btaya hai ye new any waly trader k leye bohat behtar hai..

[batool]

Forex Trading main Trader ko market kay good technical tools kay use say Trading ky clear trend ka mallom hota hay is lay Trader ko chhy k woh Forex Trading main chart patterns ko thek tarah sy learn karay aor Trading market main use honay waly shby tools ko smjy aor in ka thek use Trading main kar kay Trading kay trend ko clear smjy phr Trader ko Trading main thek profit earn hota hay

[Feroz]

bilkul hamay chart pattern ka hisab se trade karny chahiye kio ka agar ham chart ka mutabiq trade karay gy tu hamay is ka hi faida ho ga kio ka agar ham chart ko dhakay begair trade karay gy tu faida nhi ho ga