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False breaks candlestick trading
False breaks candlestick trading False breaks or breakouts are a common reason for losses. However, if a trader is careful enough, he or she can easily avoid such losses. A false break is when the market prices breaks through a support or a resistance level but the prices fails to continue with the trend beyond…
Tight channel and spike and channel bull or bear
Tight channel and spike and channel bull or bear When drawing channels on your forex chart, sometimes it is expedient to draw tight channels due of small candlesticks. The channel width is mainly determined by the length of the candlesticks under consideration. It is usually not advisable to trade during tight channels. A channel can…
Break pullbacks and breakout tests
Break pullbacks and breakout tests Breaks are one of the best chances that most traders look out for. But as a trader, he or she should be very careful to detect any break pullbacks. In many cases, the market usually has breakout tests before there is a real breakout. A break pullback is a movement…
CFD Copper candlestick
CFD Copper candlestick The supply of copper is also limited, so copper traders can expect to see rising prices as available supplies gradually diminish. With global demand likely to keep rising, copper trading could be very profitable in years to come. You cannot have a bullish reversal pattern in an uptrend. but if the…
Where can i find the long shadow on top of the Renko bar
readers message ——————— Hi Long Thank you for the Renko bar video clip. Where can i find the long shadow on top of the Renko bar which indicate where to enter the trade. Is it a indicator or no? Will you please let me know regarding this or where i can get it? Kind Regards…
What point and how do you know that the Price is no longer going the direction
What point and how do you know that the Price is no longer going the direction Reader’s message ——————— Dear long, There are two types of entry points: False and true entry points. True entry point is that candlestick pattern that gets you into a position that will eventually become a strong trend. While…