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Symmetrical Triangles

24. November 2010

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Symmetrical chart patterns can be found in almost any market and any time frame. They normally signify some indecision in the market and as the pattern develops it is common to see a decrease in volume. The pattern forms as the bar’s highs and lows inside the triangle converge so as to outline the shape [...]

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Rectangles

23. November 2010

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Rectangles can occur in any time frame and any market you are following. As with many chart patterns the pattern is in the eye of the beholder. I have found that some traders are better than others at identifying chart patterns. It may take some time before you can spot the most common patterns. The [...]

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Outside Days

22. November 2010

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Outside days can occur frequently on daily charts. The secret of the outside day is the bigger the better and it has more meaning if found at the end of a trend. They can be short lived and I always take my profit quickly. The outside day (OD) should completely encompass the previous day. It [...]

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Two Period Reversal Pattern

19. November 2010

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The two period reversal is originally taken from the 2-day reversal pattern and as the name implies this particular pattern consists of two periods. I use two periods and I apply this pattern to all securities and time frames. A period could be 1 minute or 1 month depending on the time frame you are [...]

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Inside Days

18. November 2010

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Inside days can be very profitable if traded correctly. First of all it is necessary to identify an inside day. At the close of the market you are following take a note of the high and low for that day (day two). For it to qualify for an inside day the high must be lower [...]

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