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  1. What is Martingale method ?

    A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. The martingale strategy has been applied to roulette as well, as the probability of hitting either red or black is close to 50%.
    (source : Wikipedia)
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PrinceChoco avatar

Thank you RahmanSL :)

Natalia_Kisenko avatar

Great article!

FXRabbit avatar
FXRabbit 19 July

Interesting article!

PrinceChoco avatar

Thanks Natalia and FXRabbit

Lady_in_Red avatar

Very interesting article

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Technical analysis tends to predominate among those who start in Forex because it is the easiest way to simplify the price movements. It is this rule that patterns in Forex, we looked last week, facilitated the interpretation of key events in the course of price movement.After studying the symmetrical triangles, ascending and descending triangles, let us now look at the double-back and triple-back, double-and triple-tops tops, cup and handle, head and shoulders and inverted head and shoulders.At first glance, might seem an anatomy class, but not quite. These are funny names that are given to this type of patterns, but in practice if we observe these patterns immediately realized its significance. Patterns are also common and much appreciated by those who love Technical Analysis.In the form of lists, we will examineouble topDouble bottomTriple top and triple bottomCups with handlesCups with handles reversedHead and ShouldersInverted Head and Shoulders____________________________________________________________________________________________________Double and triple topA double top is formed after the existence of a large upward movement, ie a tendency buyer. The tops are the valu…
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aymanz avatar
aymanz 19 Sep.

Very Good Article

Likerty avatar
Likerty 21 Sep.

I will add, that there is one fundamental problem trading these patterns - they all suggest entering on the breakout. Thing is that most of the times PA comes back inside the range after the breakout and if the range is large - it makes risk unmanageable (too big from R;R perspective). Also, entering on the brakout makes your entry late and again - poor R:R and breakout itself - doesnt mean that price wont break back in the opposite direction ("fake" spikes - stop hunts). So in conclusion - on every pattern that worked I can show you two simmilar patterns that didnt worked:p

Armela avatar
Armela 23 Sep.

Well done!

Brasileiro avatar
Brasileiro 23 Sep.

@likerty a very interesting position, and once again thanks for the comment, I believe that the patterns among other indicators serve to demonstrate the way that the market can take, use them as inputs is a little risky, but with a good stop loss would not no problem. : D

heimdall avatar
heimdall 23 Sep.

like +2 :)

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