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Is there any way to predict the direction (up or down) of the next candle based on the previous candle or the previous candles.
readers question ——————— Dear Long Hang Seng,Thank you very much for all of your efforts and for the videos that you are positing on your YouTube channel. I had learned a lot from your tips and tricks. I would highly apprecitae if you kindly answer my question:Is there any way to predict the direction (up or…
Basic candlestick trading Take profit and Stoploss
readers question———————I havent seen you upload any more videos, i am watcing you as i apply most of your techniques in my trading. When do you set and forget a trade instead of looking at the charts constantly? Do you have a ratio or risk management in place lets say 25 pip SL and 200…
color and double blocks
color and double blocks readers message ——————— I hope you are still fine. On this chart (GBP/USD daily), I show 2 “color” patterns : so can I take both patterns with buy / sell stop orders (the very small candles in the patterns are for sunday) ? I also see some “double blocks” patterns. So,…
Counting the legs of a trend candlesticks
Counting the legs of a trend candlesticks When looking at the trend of any currency you will easily notice that the market prices doesn’t just rise continuously if the trend is an uptrend or drop continuously downwards if the trend is downwards. For any trend, there are some retracements along the trend. For example, if…
Ambush Orders with High Win Rates
Ambush Orders with High Win Rates https://youtu.be/35VUFDiPMkk Thank you for watching video. This is the daily chart of EURJPY. Here is today’s price action. It is a bull. The point is that the distance to the low is short. There is only a short distance to the low after the candlestick has formed. This is…