Archive for May, 2014

What’s Your Pattern?

Wednesday, May 21st, 2014

We’re excited to announce another super advanced section (which is yet again another powerful tool for any trader, unique to Myfxbook!) – Patterns:

Trading Patterns

Any technical trader knows that searching for a pattern in a chart is a very tedious task and time consuming task – well no more! The new section allows you to view in real time, 60 different trading patterns for over 60 different symbols in 9 different time-frames in a single glance! Our systems will constantly scan the prices for patterns in real-time and will show you (in real time) of any such pattern forming. Not only the pattern is identified, but it is immediately seen if it is a bullish pattern or a bearish one. For your convenience, each pattern has a complete definition.

Important to note that some patterns are neutral ones and so you’ll have to determine the bias (bullish or bearish) on your own. A bullish pattern will be marked with an up arrow (), a bearish one with a down arrow () and a neutral one with a orange circle ().

You can either check the Pattern section to view selected symbols and patterns, click on a specific symbol to view its selected patterns or click on a pattern to view where the pattern occurs with selected symbols only.

The pattern section covers the following patterns:

Abandoned Baby
Advance Block
Belt-hold
Breakaway
Closing Marubozu
Concealing Baby Swallow
Counterattack
Dark Cloud Cover
Doji
Doji Star
Dragonfly Doji
Engulfing Pattern
Evening Doji Star
Evening Star
Gravestone Doji
Hammer
Hanging Man
Harami
Harami Cross
High-Wave
Hikkake
Homing Pigeon
Identical Three Crows
In-Neck
Inverted Hammer
Kicking
Ladder Bottom
Long Legged Doji
Long Line
Marubozu
Mat Hold
Matching Low
Modified Hikkake
Morning Doji Star
Morning Star
On-Neck
Piercing
Rickshaw Man
Rising-Falling Three Methods
Separating Lines
Shooting Star
Short Line
Side-by-Side White Lines
Spinning Top
Stalled Pattern
Stick Sandwich
Takuri
Tasuki Gap
Three Advancing White Soldiers
Three Black Crows
Three Inside Up-Down
Three Outside Up-Down
Three Stars In The South
Three-Line Strike
Thrusting
Tristar
Two Crows
Unique 3 River
Upside Gap Two Crows
Upside-Downside Gap Three Methods

As always, we’re glad to hear of any comments and suggestions you may have :).

Have a great week ahead!

The Myfxbook Team.