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The Forex quick guide for beginners and private traders

Charts and diagrams The Forex quick guide for beginners and private traders

Pattern recognition in Candlestick charts


Pattern recognition is a field within the area of "machine learning".

Alternatively, it can be defined as "the act of taking in raw data and taking an
action based on the category of the data". As such, it is a collection of
methods for "supervised learning".

A complete pattern recognition system consists of a sensor that gathers the
observations to be classified or described; a feature extraction mechanism
that computes numeric or symbolic information from the observations; and a
classification or description scheme that does the actual job of classifying or
describing observations, relying on the extracted features.

In general, the market uses the following patterns in candlestick charts:
 Bullish patterns: hammer, inverted hammer, engulfing, harami, harami
cross, doji star, piercing line, morning star, morning doji star.

 Bearish patterns: shooting star , hanging man, engulfing, harami,
harami cross, doji star, dark cloud cover, evening star, evening doji
star.
Chart system available at Easy-ForexT Trading Platform
The Easy-ForexT Trading Platform offers the following charting tools, for both
professional and beginner traders.

The chart types:

Charts and diagrams The Forex quick guide for beginners and private traders


The time scales:
Charts and diagrams The Forex quick guide for beginners and private traders

 

The view types:
Charts and diagrams The Forex quick guide for beginners and private traders


The "drawing line on the chart" types:

Charts and diagrams The Forex quick guide for beginners and private traders


The Study types:
Charts and diagrams The Forex quick guide for beginners and private traders

Please note: the above screen-shots were taken around mid-2006. The Easy-ForexT
platform continuously upgrades its system, while adding new features on a regular
basis.


 

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