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Is Encyclopedia appropriate for gold chart?
Do you think Brooks Encyclopedia of Chart Patterns is functional and reasonable for Gold (5 or 15 minutes) chart?
It doesn't seem to be suitable for the Forex market.
Thanks a lot
hahaha, ok... yes, the open in a session chart has tradable patterns while that continous contracts haven't (at least not that clear). I asked because I thought you maybe found other weaknesses. Anyway, all the other PA is the same so you should be able to use the encyclopedia with continous contracts.
I’m beginner and I don’t know more than you 😀 but forex doesn’t have enough Oscillation for day trading. I think metals (gold for example) are better . I’m going to practice a lot and I don’t know Encyclopedia is suitable for metals. Every market has the same price action but also every market has its own price action.
Ok, let's see if there are other people around trading metals that can share their experience with the encyclopedia...