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Ceiling test candlestick trading
Ceiling test candlestick trading Ceiling test is a veyy familiar term in forex trading especially for those traders who use support and resistance levels to trade. Just as in a house, the ceiling in forex trading is the top most level of a given range. In the case the support and resistance levels, the ceiling…
Tight channel and spike and channel bull or bear
Tight channel and spike and channel bull or bear When drawing channels on your forex chart, sometimes it is expedient to draw tight channels due of small candlesticks. The channel width is mainly determined by the length of the candlesticks under consideration. It is usually not advisable to trade during tight channels. A channel can…
Are you talking of all the candles and Doji A and Doji B in the Big Circle
Are you talking of all the candles and Doji A and Doji B in the Big Circle reader’s message —————— Hello Long, Many thanks for the opportunity you provided for me and other subscribers to learn from you. You are really helping to put some fresh impetus into my trading experience. I have been reviewing…
Trend from the open candlestick trading
Trend from the open candlestick trading Although it is not a common thing among Forex traders, it is possible to detect a trend from the open candlestick trading. But this is recommended for experienced traders since the trader has to take too many factors into consideration. From an open candlestick, the trader can only scalp….