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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

     
  • Candlestick 8:00 pm on August 29, 2015 Permalink | Reply
    Tags: candlestick trading guide line, Guide line how to I gether a proper candlestick price action   

    Guide line how to I gether a proper candlestick price action 

     

    Guide line how to I gether a proper candlestick price action

     

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

    Thanks for your replay . Sir please give me a guide line how to I gether a proper candlestick price action.
    I am very kind of you. And I want to consistently profit.

    Thanks.
    ——————
    here is guide line

     

    not gather candlestick price action

    sit back and wait

    use daily time frame

    look
    open price
    high price
    low price
    close price

    do not predict last bar up or down

    candlestick price action is wait other people failed trading

     

    Some Important Price Action Components
    For price action traders it is very important to be aware of the price action components frequently used in the market.
    Here some of these components are given for the beginners.
    Trend Channel
    A trend or price channel can be created by plotting a pair of trend channel lines on either side of the market.
    The first trend channel line is the trend line, plus a parallel return line on the other side.
    Trend channels are traded by waiting for break-out failures.
    So, banking on the trend channel continuing, in which case at that bar’s close, the entry stop is placed one tick away towards the centre of the channel above/below the break-out bar.
    Trading with the break-out only has a good probability of profit when the break-out bar is above average size.
    An entry is taken only on confirmation of the break-out.
    The confirmation would be given when a pull-back from the break-out is over without the pull-back having retraced to the return line, so invalidating the plotted channel lines.
    Shaved bar entry
    When a shaved bar appears in a strong trend, it demonstrates that the buying or the selling pressure was constant throughout with no let-up.
    It can be taken as a strong signal that the trend will continue.
    Microtrend line
    If a trend line is plotted on the lower lows or the higher highs of a trend over a longer trend, then a microtrend line is plotted.
    Just as break-outs from a normal trend are prone to fail as noted above, microtrend lines drawn on a chart are frequently broken by subsequent price action.
    They can frequently fail and such a failure is traded by placing an entry stop order 1 tick above or below the previous bar.
    Microtrend lines are often used on retraces in the main trend or pull-backs and provide an obvious signal point where the market can break through to signal the end.

    https://youtu.be/XDW40qdbrC4

    candlestick pattern not serch wait and appear then trade

     

     
  • Candlestick 8:00 pm on August 28, 2015 Permalink | Reply
    Tags: candlestick pattern not search, candlestick pattern wait   

    candlestick pattern not serch wait and appear then trade 

     

    candlestick pattern not serch wait and appear then trade

     

    reader’s message
    ——————

    Sir,

    You always give me answer very nicely for this reason many many thanks
    to you , sir if you don’t mind please give me a video of Double Block
    advanced strategy including entry point only for me.

    Thanks.

    ——————

    current there is no double block advanced
    but sell eurjpy you can take profit
    candlestick trading EURJPY

    candlestick pattern not serch
    wait and appear then trade

     

    Price Action Traders

    In simple terms, price action is a trading technique that allows a trader to read the market and make trading decisions based on the actual
    price movement on the chart.
    Rather than relying on lagging indicators, price action trading depends on the price movement.
    Most indicators are derived from the actual prices on the chart, so they are in fact, giving them information on past price movements.
    Traders who use price action trading are often called price action traders.
    Price action traders keep things simple, which can also be an effective methodology when it comes to trading.
    Price action traders are a form of technical trader who rely on technical analysis but do not rely on conventional indicators to point
    them in the direction of a trade.
    These traders rely on a combination of price movement, chart patterns, volume, and other raw market data to gouge whether or not they should make a trade.
    This is seen as a simplistic approach to trading but is not by any means easier than any other trading methodology.
    It requires a sound background in understanding how markets work and the core principles within a market.
    The good thing about this type of methodology is it will work in virtually any market (stocks, foreign exchange, futures, gold, oil, etc.).
    The purest form of price action trader is a “tape reader”.
    A good tape reader doesn’t need charts, although some may glance at a chart occasionally.
    Especially if they’re in a position – they may be looking for support or resistance areas to take profits.
    However, it is rare to find a tape reader using any indicators or oscillators.
    Their primary tools will be the Time & Sales window and perhaps their Depth of Market if they can multi-task.
    Nothing else is needed.
    Trades are taken on the basis of order flow, so that in essence they are trading pure price action.

    https://youtu.be/y8ecKZ_WK28

    Candlestick Trading Essential what to do next?

     
  • Candlestick 8:00 pm on August 27, 2015 Permalink | Reply
    Tags: candlestick trading essential, what to do next?   

    Candlestick Trading Essential what to do next? 

    Candlestick Trading Essential what to do next?

     

    Reader’s message
    ——————

    Dear sir
    what are the two (2) (all of them price essential only 2 patterns.)

    1 inside bar and 2nd one is out side bar

    Please give me full understanding for both pattern with full video and explain what to do next and which time frame to look this patterns.

    Thanks for your time
    ——————

    This is not trading strategy.

    Candlestick price action essential.

    Immutable Laws

    What to do next?

    You have to wait next candlestick price action

    Which time frame?
    Daily

    Why did not take Consistently Profit?

     
  • Candlestick 8:00 pm on August 26, 2015 Permalink | Reply
    Tags: why did not take consistently profit?   

    Why did not take Consistently Profit? 

    Why did not take Consistently Profit?

     

    To take Consistently Profit

     

    Reader’s message
    ——————

    Sir,

    I am trading Forex but I did not success in my 4 years trading life, I did not take consistently profit.

    Sir please help me.

    I want to learn only usdjpy currency.

    Thanks.

    ——————

    Why did not take Consistently Profit?

    Because you think complicated.
    Too much information.
    Persist thinking.

    If you trade only USDJPY you lost trade chance.
    In this world
    There are GBP EUR CHF CNH AUD CAD…
    Not only USDJPY

    You miss money flow.
    So you did not win.
    But if you understand candlestick price action
    No problem
    You can take consistently profit.

    Think simple.
    Delete all indicator.
    Look
    Open price
    High price
    Low price
    Close price

    You can take profit.

    Candlestick Style for Trading

     
  • Candlestick 8:00 pm on August 25, 2015 Permalink | Reply
    Tags: candlestick style, , trading   

    Candlestick Style for Trading 

    Candlestick Style for Trading

     

    Reader’s message
    ——————
    Hello,

    I am new to trading would like to learn your candlestick style for trading.

    You may contact me at.

    Thank You.

    Sent from my iPhone

    ——————

    Thank you for your message
    Candlestick style for trading is below

    ——————

    Delete all indicator

    Select day time frame

    Look

    Open price

    High price

    Low price

    Close price

    ——————

    If you use indicator then trading is not candlestick price action anymore.

    So when you Candlestick Trading
    You have to look pure price action

     

    Late and missed entries candlestick trading
    It is a common occurrence among Forex traders to have late entries and even
    in other cases completely missed entries. Therefore, it is not something new
    even for traders who use the candlestick trading strategy.
    A late entry refers to a buy or a sell entry that is made late; after a
    certain duration of time has passed since the signal to place an order was
    generated. On the other hand, a missed entry is a situation where the trader
    misses to notice the signal to place an order and comes to realize about it
    later.
    In any of the two cases (late and missed entries) when using the candlestick
    trading, the trader should avoid opening positions. This mostly applies to
    the late entries where most traders may be driven by greed to place an order.
    If the trader is late to open a position (buy or sell) he or she should shun
    from placing any order and wait for another signal to be generated.

     

    https://youtu.be/4C1qw5LwU68

    picture with entry point of USDJPY currency

     
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