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- Pattern Recognition Master for Japanese Candlesticks
The Japanese candlesticks is a nice tool of trading for any chart-trader. Some Forex traders prefer to trade on the bare charts without adding any indicators. The candlestick patterns are used as the entry and exit symbols in many cases. But it’s not an easy task to constantly recognize those Shooting Stars, various Dojis, Hammers, etc. Pattern Recognition Master is a nice tool to help the chart-traders to automatically recognize candlestick patterns, leaving the traders only with the choices of the actual trading. You can download this MetaTrader indicator from my site for free. It was created by Jason Robinson, Carl Sanders and Hartono Setiono.
When you attach it to your MT4 chart each candle that represents some candlestick pattern will be marked with the symbol. A legend for the symbols is located in the top left corner of the chart and you can easily find out which patter is represented by the specific symbol. Now, all you have to do is to buy after the strong bullish patterns and sell on the strong bearish patterns.
Posted on Forex blog.
Try easy Forex experience with Easy-Forex.
Переслать - U.S. President Elections Dollar Rally Over
EUR/USD declined today after the U.S. elections were over and the next president’s name became known fast and without any troubles. Barack Obama may create all necessary conditions for the dollar to grow further, but it will take him a lot of effort to do so. When the euphoria around the elections disappeared, EUR/USD began to rise on Forex. The macroeconomic background in U.S. is very poor now and it will press on the dollar too. EUR/USD is currently trading near 1.3032.
ADP employment report for October showed a 157,000 decline in the non-farm private sector jobs. The September’s 8,000 drop was also revised — down to 26,000 lost jobs. The median forecast by the market analysis for October drop was 102,000.
Non-manufacturing ISM index also decreased in October — from 50.2% to 44.4%, while a drop to only 47.8% was expected by the market participants. There is a chance though that the month of October was the worst in the current crisis and the reports that will show November indicators will be more optimistic.
Posted on Forex blog.
Try easy Forex experience with Easy-Forex.Переслать
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