Actually I’m wondering if HARAMI is better for trading… When I see a harami, i buy or sell at the top of bottom of mother candle. Stop loss : the other side of the candle. What about the take profit ? Just after a candle closes with profit ?
Another way to use the harami is to wait a close OUTSIDE the mother candle, then go long or short according to the color of the candle.
What would be your favorite strategy with harami ?
Now I’m able to take time to scalp the DAX in M1 timeframe. I think that the most powerful pattern is just Engulfing.
When I see one outside bar, I buy or sell immediately. Stop loss at the other side of the outside bar. Take profit : on Bollinger bands or middle. risky to take a trade too near from the Bollinger band.
What do you think ? Is there a better pattern to scalp the DAX in M1 timeframe ?
Thank you ! Best regards !
PS : for 1 min timeframe, what do you think which would be the best ? Color trading pattern ? ———————
1.identify candlestick colour change 2.last bar colour change candlestick upper side close 3.put sell stop order to colour change candlestick high 4.target,next colour change here is video
Here I ve attached an example image .The pin bar candle opens at close price of the Bear candle. I don’t know I am wrong or right.
There are 2 cases.
1. Buyers push the price from the previous close price , then at a certain price bears entering at HIGH price and pushing all the way down to the LOW , there bulls entering and pushing above and closes as GREEN candle, in this case the pin bar.
2. Sellers push the price from the previous close price , then at a certain price bulls entering at LOW price and pushing all the way to the HIGH , there bears pushing below and closes as GREEN candle, in this case the pin bar.
My question is , assume when I open the chart I see the bear candle.
I don’t know who will enter from the close price of the bear candle.
But u say , buyers entry point is High of the Bear candle and Bears entry is at Low price of the Bear candle….
Either Bulls or Bears may enter from the close price of a previous candle, right? Then Bears entry point is High price , that’s why bears rejecting and we see the upper wick and Buyers entry point is Low price ,that’s why bulls rejecting and we see lower tail right?
I couldn’t get the point what you said in the video. Pls explain, its head spinning.
readers question ——————— Hi sir, I would like to know where sellers and buyers entry point are in an individual candlestick and how to determine sellers and buyers entry point in a chart(downtrend or uptrend). Thank you ——————— previous candlestick high and low if candlestick body colour change identify previous candlestick colour change high higer close or low lower close
readers question ——————— Hi sir, I am continuously seeing your video all are unique information from others .. lost video you clarifed the doubts that’s awesome , I am having one question 1. What’s represent doji previous candlestick with different colour .. I attached my screenshot for your reference I am waiting your reply sir . Thanks sir,
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