Candlestick Trading FAQ

 

readers question

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Hello Mr.Long,

                             Thanks for your videos and knowledge. I have some 

questions….

1. What does Candlestick psychology mean of a single candle? What’s the importance? 

2. What does Candlestick Sentiment mean of a single candle? What’s the importance? 

3. How to know who are dominant either bulls are bears in a single candle? 

4.  You have said that, wicks of a candle is temporary price action , close 

position is important. How to handle the wicks? Bcoz sometimes , a candle with long 

upper wick , in an uptrend with red color small body, fills the wick or reverse the 

trend? How to catch that?

5. Should a candlestick trader consider the Trend and SnR? Or color change and 

inside outside close is enough to make the trading decision?

6. What does the volume of a single candle say? How to understand that?

7. Kindly suggest  a sureshot Binary option trading strategy for 1 min chart with 1 

or 2 minute expiry.

Thanks and Regards,

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1. What does Candlestick psychology mean of a single candle? What’s the importance? 

traditional way it depends on candlestick formation

 

for example 

upper wick, long lower body traditional way says if this candlestick appears go 

lower but how long wick and what is the body length 

it different every candle

it’s complicated to trade dicision.

traditional way we have to remember bunch of candlestick formations

 

colour trading way 

if previolus lower close then go lower

if previous higher close then go higher

so previous higher close or lower close important

 

2. What does Candlestick Sentiment mean of a single candle? What’s the importance? 

traditional way body and wick size shows Sentiment 

 

i mean can not identify sentiment only single candle in traditional way

it needs multiple candlestick to reading charts and analyze psychology  and 

sentiment

but I am going to show you colour traindg way at No4 answer  

 

3. How to know who are dominant either bulls are bears in a single candle? 

if close price higher than open price bulls dominant

if close price lower than open price bears dominant

it just higher close or lower close.

 

how to catch that

if high wick is previous high wick higher and the body is previous wick higher 

close then price go up

if high wick low is previous high wick low lower and body is previous low lower 

close then price go down

 

so how to handle wicks

if the price go up and higher close wick high also body is previous wick higher 

close then price go higer 

if the price go down and lower close wick low 

also body is previous wick lower close then price go lower

 

 

5. Should a candlestick trader consider the Trend and SnR? Or color change and 

inside outside close is enough to make the trading decision?

yes

6. What does the volume of a single candle say? How to understand that?

if higher volume appeas then put sell top to previous lower volume and

if lower volume appears then buy stop to previous higher volume

 

7. Kindly suggest  a sureshot Binary option trading strategy for 1 min chart with 1 

or 2 minute expiry.

I don’t recommend 1 minites or 2minutes

it’s broker house winning system

so if you trade binary option daily basis recommend

here is video