Autochartist Analysis Method

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How to use the Autochartist Web Trading Signal

Broadly speaking there are 2 categories of ways the trading system uses the Autochartist Web Application:

Breakout Trading System
Orders BUY or SELL wait to be executed (postponed), until prices move through certain price levels.

The level to be broken is the upper boundary line called Resistance, the green line and the lower boundary line, called Support, the blue line, from a pattern type channel

Ascending Triangle, Channel Down, Channel Up, Descending Triangle, Double Bottom, Double Top, Falling Wedge, Flag, Head and Shoulders, Inverse Head, and Shoulders, Pennant, Rectangle, Rising Wedge, Triangle, Triple Bottom, Triple Top, Triple ABCD, Fibonacci ABCD , 3 Point Extension, 3 Drive and 3 Point Retracement.

When the level of this line is broken the example below is the upper boundary line or resistance, the Autochartist will declare the analyzed pattern, into the Completed or Breakout type category.

In this category, price predictions will appear marked with a gray column.

So BUY or SELL orders can only be executed after a breakout occurs.

This is indicated by the Direction line containing a green triangle for BUY and a red triangle for SELL.

In this case the signal that appears is a green triangle pointing up.

So before this price level is broken (breakout), it will be included as an Emerging and Approaches category. (The triangle is still gray).

Pullback / Retracement Trading System:
BUY or SELL orders are immediately executed when the price is moving towards a certain price level, due to the reflection of the upper limit (Resistance) / bottom (Support) of a channel.

The intended level is usually a Support or Resistance line level that forms a channel line (upper or lower limit) of the pattern type

Ascending Triangle, Channel Down, Channel Up, Descending Triangle, Double Bottom, Double Top, Falling Wedge, Flag, Head and Shoulders, Inverse Head, and Shoulders, Pennant, Rectangle, Rising Wedge, Triangle, Triple Bottom, Triple Top, Triple ABCD, Fibonacci ABCD , 3 Point Extension, 3 Drive and 3 Point Retracement.

Autochartist will state the analyzed pattern in the Emerging and Approaches type categories.

The Direction bar contains a gray triangle, to BUY the direction of the triangle up, to SELL the direction of the triangle down, from the Price Movement column.

Example below the price moves towards the channel line at the bottom or the Support line is the blue line that was previously reflected (pullback / retracement) from above (Resistance).

The pattern of price reflections can start from the Resistance line (above) reflected towards the Support (bottom), or vice versa from the Support (bottom channel line) reflected to the Resistance (upper channel line).

If this price moves through the channel line at the upper limit (Resistance), which is a green line or vice versa, the channel line at the lower limit (Support) is a blue line, then the status type will change to Breakout or Completed.

Conclusion
Automatically, Autochartist will provide trading signals that can be used when making a Buy or Sell decision.

Application-based financial technology such as Autochartist can be used to realistically measure the objectives to be achieved.

The performance statistics of trading signals will give you the level of accuracy of the trading signals that appear. These statistics can be used to choose signals that have a high success rate.

By using this application, you do not need to bother learning technical analysis the results depend on your subjectivity.

Thus at a glance about trading guidelines using the Autochartist Web Application. For further material will be discussed more fully regarding:

Risk management and determination of take profit / stop loss using the Autochartist Volatility Analysis,
The best trading hours as well
Selection of Autochartist trading signals with a high degree of accuracy.