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  • Candlestick 8:00 pm on July 4, 2015 Permalink | Reply
    Tags: 5 min chart,   

    What do you think of the EUR/USD? 5 min Chart? 


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    What do you think of the EUR/USD? 5 min Chart?

     

    Here is reader’s message
    ——————

    Hi Long,

    Thanks for the great feedback 🙂

    What do you think of the EUR/USD? 5 min chart?

    Thanks
    ——————

    When use 5 min, also use day time frame at same time

    because it is very important to know where is 5 min chart price position at daily time frame.

    5 minutes time frame is short term frame
    every 5 minutes new candlestick appear.
    so each candlestick are low quality.

    Every daily time frame candlestick chart refresh once a day
    so quality is high

    so we should use

    high quality = daily candlestick chart.
    this is candlestick basic.

     

    The Marubozu

    The word Marubozu means “Bald” in Japanese.
    We will understand the context of the terminology soon.
    There are two types of marubozu – the bullish marubozu and the bearish marubozu.
    Marubozu is probably the only candlestick pattern which violates rule of look for prior trend.
    A Marubuzo can appear anywhere in the chart irrespective of the prior trend, the trading implication remains the same.
    Marubozu is a candlestick with no upper and lower shadow (therefore appearing bald).
    A Marubuzo has just the real body as shown below.
    However there are exceptions to this.
    The red candle represents the bearish marubuzo and the green represents the bullish marubuzo.

    Bullish Marubuzo
    The absence of the upper and lower shadow in a bullish marubuzo implies that the low is equal to the open and the high is equal to the close.
    A bullish marubuzo indicates that there is so much buying interest in the stock that the market participants were willing to buy the stock at every price point during the day.

    It does not matter what the prior trend has been, the action on the marubuzo day suggests that the sentiment has changed and the stock in now bullish.

    Hence a trader should look at buying opportunities with the occurrence of a bullish marubuzo.

    The buy price should be around the closing price of the marubuzo.

    Bearish Marubuzo
    Bearish Marubuzo indicates extreme bearishness.
    Here the open is equal to the high and close is equal to low.
    A bearish marubuzo indicates that there is so much selling pressure in the stock that the market participants actually sold at every price point during the day.

    It does not matter what the prior trend has been, the action on the marubuzo day suggests that the sentiment has changed and the stock is now bearish.
    The sell price should be around the closing price of the marubuzo.

    https://youtu.be/2U-FXyCXPMA

    Window open gaps force downside price action

     
  • Candlestick 8:00 pm on July 3, 2015 Permalink | Reply
    Tags: 5 min chart,   

    I trade on 5 min chart on a one minute Binary option? 


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    I trade on 5 min chart on a one minute Binary option?

     

    Here is reader’s message.
    ——————

    Hi Long,

    Thank you very much for the video. I always wait till the candle is complete.

    That’s very important for me. What kind of Candlestick do you suggest.

    I trade on 5 min chart on a one minute binary option?

    Thank you.

    ——————

    One minutes binary expectation value is low.

    day time binary expectation value is high.

    price does not reach at target price more than we think.
    Binary broker knows that almost people are emotional and impulsive.

    They choose one minute.

    one minute binary is broker profit source.

    so we must choose daily basis binary option.

    my suggest is daily chart.

    long body + no hege (shadow)

    or

    long hege (shadow)+ long body

    These pattern

    Easy to understand the future direction.
    Latest Candlestick Patterns

    New traders spend hours learning how to interpret candlestick charts.
    They scour through charts that show patterns that formed months or years ago and attempt to learn them all.
    But when they’re trading it suddenly becomes more difficult to see what pattern is forming right at the right hand edge of the chart.
    Nothing seems to happen as it does in books.
    The trick is not to look at the last candle on the chart but to interpret the candlestick patterns directly preceding the last candle for some insight into

    What will follow.

    The Frying Pan Bottom candlestick pattern is a reversal bullish pattern.
    As the downtrend starts to lose strength, the smaller candles form and as the trend begins curling upwards it gets stronger indicating a very strong bullish

    sentiment.
    That’s how the frying pan forms.

    The Cradle Candlestick Pattern is also a reversal bullish pattern.
    The Cradle is a pattern that is symmetrical and fairly easy to spot.
    It has long red candles which signify the downtrend.
    These are followed by a series of trading days where the traders are undecided where to go.
    Finally, a strong bullish candle forms, which is almost exactly the same size as the final bearish candle which formed on the downtrend.
    This indicates that the bulls are out in force.

    The Three Inside Down candlestick pattern is a bearish reversal pattern.
    The candle shown on the first day of this three day advanced candlestick pattern is a strong bullish candlestick.
    However, on the second day the stock falls and the bulls can酷t bring the stock back and the stock closes down.
    On the third day the trend continues lower and closes below the opening of the first day.
    This shows a strong bearish signal which is confirmed by a strong bearish candlestick on the fourth day.
    This pattern generally confirms the Harami as the second day shows a weakness in the bullish trend and the third and fourth days confirm this weakness as

    ongoing.

    What do you think of the EUR/USD? 5 min Chart?

     
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