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Questions From Readers ——————— Thanks alot… But what does “a.b.c.d pattern” mean? if any pattern occurs we should see , from the left , whether the pattern is inside or outside of previous pattern. for example, if double block appears, we should check whether it is inside of another double block or color continuation. Then…
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…
I did a thorough review of my trading in retrospect then I found that Reader’s message ——————— Dear long, I have been trading for the past five years with no tangible result.I use a combination of trend line, higher low,lower high and hammer. Hammer is the only candlestick formation I look out for whenever…
UK100GBP Profitable Trade Pattern in the Future UK Index UK100GBP —————— 1 passion candle 2 Cross 3 Strong Candle —————— Just sell stop order to #2 low if next bar close higher, move stop order to higher bar low This pattern very profitable in the future. Important Things about Pinbars in price Action…
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….
Breaks false high and lows candlestick trading During candlestick formation, the candlesticks tends to form some highs and lows. These can be daily, monthly or yearly highs and lows. The highs are the highest market price levels that the candlesticks formation have ever reached within a given period of time like a day, month or…