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Pattern break candlestick trading Most traders use patterns in the market to trade. And contrary to the trend trading where traders mainly trade in the direction of the trend, in pattern trading, traders prefer pattern break candlestick trading. A pattern break occurs when the market price movements goes contrary to the previous market price movement…
readers question Dear Sir Some people claim that they scalpg the Dax or Nasdaq with just candlesticks, just by taking profit with 1 to 5 pips. Can you show me a way to do this, juste with candlesticks ?Is there a stop loss ? Or when / where do we close loosing trades ? Thanks…
Candlestick trading also be used on indices and commodities reader’s message ——————— Hi Long all the information you give out on using candlesticks on forex. can it also be used on indices and commodities. kind regards ——————— of course this is UK index daily chart black black white white double block candlestick pattern this pattern…
When do you go to Breakeven? reader’s message —————— Hello Long, As I’m still searching how to trade on Daily time frame with ONLY 1 STRATEGY, with high profit factor (> 2 or 3), with > 70% wins, I think bulling ENGULFING or bearish engulfing can be the best pattern. Actually, I lost money…
Resistance exit candlestick trading If a trader has any open trade in the market and the candlesticks formation nears the resistance level, the trader should exit the market. This is mainly because the market prices may choose to reverse upon hitting the resistance level. To minimize the risk, the trader should close such an order…
What take profit can I use in this haramy strategy? Reader’s message —————— Hi Sir, How about Target ? What take profit can i use in this haramy strategy ? Thank you —————— click here https://youtu.be/llr33w44UUo Price Action Trading- Trend Lines and Channels Price action trading is one of the common trading methods in…