- 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.
- Commerce inside the path of the pattern.
- If the trail of the pattern changes, you alter as properly. Associate with the pattern.
- Usually the first leg and fourth leg (of the M) are bigger.
- The second letter ‘M’ is generally smaller (M m M m M m)
- Don’t commerce earlier M’s on the equivalent timeframe
- Shopping for and promoting the third leg of the letter M (inside the path of the first pattern) is saver than the other legs.
- Confirm the M pattern on: a) the value chart b) and totally different indicators (i.e. oscillators)
Learn the way to make income:
- 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.
- 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?
- as robots become further modernized they’re capable of study handwritten characters increased. Which methods do they use?
Please share your particular person experience.