Candlestick Engulfing Bar Strategy
Thanks for you replay, Have you made any video on this (candlestick double block trade). if you made please give me for more clear this strategy.
this candlestick strategy is “body color”
2 white candlestick body
2 black candlestick body
you your color.
green red etc..
Video click here
How price action trading is done
Price action trading is one of the processes how traders trade in the market.
The difference between other trading options and price action trading is that it uses no indicator.
The price action traders use setups to determine entries and exits for positions.
The perfect entry and exit is the basic rule of trading in the market.
Each setup used by the traders has its optimal entry point.
Some traders also use price action signals to exit, simply entering at one setup and then exiting the whole position on the
appearance of a negative setup.
The trader might simply exit instead at a profit target of a specific cash amount or at a predetermined level of loss.
This style of exit is often based on the previous support and resistance levels of the chart.
A more experienced trader will have their own well-defined entry and exit criteria, built from experience.
An experienced price action trader will be well trained at spotting multiple bars, patterns, formations and setups during real-time market observation.
The trader will have a subjective opinion on the strength of each of these and how strong a setup they can build them into.
A simple setup on its own is rarely enough to signal a trade.
There should be several favorable bars, patterns, formations and setups in combination, along with a clear absence of opposing signals.
When the price action signals are strong enough, the trader will still wait for the appropriate entry point or exit point
at which the signal is considered ‘triggered’.
During real-time trading, signals can be observed frequently while still building, and they are not considered triggered until
the bar on the chart closes at the end of the chart’s given period.
Entering a trade based on signals that have not triggered is known as entering early.
It is considered to be higher risk since the possibility still exists that the market will
not behave as predicted and will act so as to not trigger any signal.