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  • Candlestick 8:00 pm on August 31, 2015 Permalink | Reply
    Tags: proper use candlestick   

    proper use candlestick 

     

    proper use candlestick

    reader’s message
    ——————
    Sir,

    Thanks for your replay . Sir you say

    “sit back and wait
    use daily time frame
    look
    open price
    high price
    low price
    close price

    How can i proper use this , can you please give me more detail with
    some picture or video.
    how to i use open price, high price, low price, close price,

    Thanks.
    ——————

    here is proper use this.

    last bar always temporary high and low.
    so we don’t open chart during last bar pricing.
    we don’t need last bar price predict or analyze something.
    because last bar pricing not useful for trade.
    we just wait last candlestick bar close.
    how to use open price, high price, low price, close price?

    ——————

    1

    wait last candlestick bar close.
    this means wait close price include confirmed high and low.

    2
    last bar close then look other people action transaction.
    this means looking confirmed open price, high price, low price, close price except last bar.
    this is very important
    ——————

    candlestick trading look excerpt last bar

    this is proper use candlestick open price, high price, low price, close price.
    please keep in mind

    look excerpt last bar.

     

     
    • Candlestick 8:00 pm on August 30, 2015 Permalink | Reply
      Tags: certain candles   

      certain candles that mean more than others?? 

       

      certain candles that mean more than others??

       

      reader’s message
      ——————

      Not sure I quite understand
      Isn’t there anything more than that
      Aren’t there certain candles that mean more than others??
      Please elaborate your theory
      Thank You

      Sent from my iPhone
      ——————

      certain candles that mean more than others??
      there are certain mean.

      why use daily candlestick?

      daily shows all of human daily action.
      for example
      sleep, eating, sex…

      price action is human action.
      short term trader think
      they want sack money instantly.
      so they are very emotional.
      and lose money in the short time.
      candlestick trader use them.
      because, emotional trader transaction is money source.

      hege (shadow) is human emotional action.
      so during last bar pricing hege (shadow)
      absolutely, we don’t trrade.
      wait close price.
      next, why delete all indicator?

      indicator shows each feature.
      but all of them are noise.
      not pure.
      indicator source is candlestick pure price action.
      so we must look pure price action.
      not need indicator anymore.
      also trendline support or resistance.

      next,

      why look
      open price
      high price
      low price
      close price?

      because these are candlestick pure basic source.

      almost trader want to know last bar price up or down.
      so they are always looking last bar.
      last bart always pricing temporary high and low.
      this is very important.

      last candlestick price action and the other candlestick price action difference,
      temporary or confirmed.
      last bar always temporary emotional human action.
      last candlestick price action have hege (shadow) potential.

      so we must know
      what to do and
      what not to do.

      we don’t trade short time frame because part of daily and temporary pricing.
      we wait last bar close price.

      Guide line how to I gether a proper candlestick price action

       
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