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  • Candlestick 5:32 pm on September 18, 2020 Permalink | Reply
    Tags: candlestick trading,   

    if mother candlestick previous candlestick inside close then do not trade to avoid loosing trades. 


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    readers question
    ——————

    Hello Sir

    I discovered recently your channel Youtube, and find it very interesting, thanks for it.
    It seems that you only trade candles on daily timeframes ?

    Would you give me an advice ?
    I wand to know if it is possible to trade only the inside bar :
    – 10 major pairs of forex
    – I take every breakout of the inside bar (baby candle)
    – stop loss at the other side
    – take profit on candle closing only if this is winning

    How to avoid some loosing trades ? (see picture harami 1) ?
    Should I take the both sides, even if the first one was close with profit ? (see picture harami 2) ?

    Thank you and have a nice day.
    Greetings,
    ——————

    if mother candlestick previous candlestick inside close then do not trade to avoid loosing trades.

    here is video

     

     

     

     

     

     

     

     

     

     
  • Candlestick 12:00 am on February 15, 2016 Permalink | Reply
    Tags: candlestick trading, How to identify correct support and resistance using only candles   

    How to identify correct support and resistance using only Candles 


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    How to identify correct support and resistance using only candles

    reader’s message

    ———————
    Hello sir, Thanks for your videos uploaded on youtube. I am trading in the market from 8 years but still i am confused,
    I have a question if you can help me.
    1. I want to identify correct support and resistance using only candles
    2. I want to know the correct swing low and swing high points
    3. In the candles which part is very important , the body or the tails

    Last thing if i want to learn from you , please send me the topics which you are going to educate by taking the fees.
    and how you will provide the classes, how many classes and how to pay the amount to you.
    I am waiting for your reply.
    Thank You

    ———————

    click here


    Click here to download PDF

     

    Candle patterns for safe investment

    For traders,
    a safe investment is very important.
    In Forex,
    candlestick patterns are being widely used by traders for making a call.
    There are lots of signals in candlestick patterns but the major patterns are mostly used for taking the correct decision.
    For the high accuracy rate of candlestick patterns,
    traders are being more interested in gathering more knowledge about the patterns.

    Candle patterns do not occur at all turning points.
    If a candle pattern is seen the first important work is to check for a support/resistance zone.
    Bullish patterns occur on support and bearish patterns occur at resistance.
    A support or resistance is not denoted by a single line,
    it is denoted by a zone.
    According to Japanese interpretation,
    bullish and bearish patterns are conflicting patterns.

    There are almost 40 candlestick patterns available in the market.
    But the topmost powerful candlestick patterns are abandoned baby,
    evening star,
    three black crows,
    two black gapping and three line strike.
    These powerful patterns have proven their accuracy and powerful actions after using them.
    The accuracy rate of these patterns are higher than most of the regular patterns.
    The Doji patterns are known as confusing patterns which states the instability of the market.

    With successful pattern predictions,
    investing in the Forex market has become safer for the traders.
    But many of these patterns are quite similar in looks.
    So,
    it needs to be interpreted correctly to get the best results.
    Also the past candlestick patterns needed to be carefully analyzed to get the accurate interpretation.

    Candle patterns have narrowed down the risks of investing and making a decision for the traders.
    Thus,
    more people are being encouraged to analyze these patterns and as a result more and more accurate patterns are being invented by traders for safe trading.
    The most accurate patterns are mainly zoned patterns rather than line patterns.

    How to identify correct support and resistance using only Candles

    https://youtu.be/nApr-DG1E_c

    You can take Profit so I did Thank you

    How to identify correct support and resistance using only CandlesHow to identify correct support and resistance using only Candles

     
  • Candlestick 8:00 pm on August 25, 2015 Permalink | Reply
    Tags: candlestick style, candlestick trading, trading   

    Candlestick Style for Trading 


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    Candlestick Style for Trading

     

    Reader’s message
    ——————
    Hello,

    I am new to trading would like to learn your candlestick style for trading.

    You may contact me at.

    Thank You.

    Sent from my iPhone

    ——————

    Thank you for your message
    Candlestick style for trading is below

    ——————

    Delete all indicator

    Select day time frame

    Look

    Open price

    High price

    Low price

    Close price

    ——————

    If you use indicator then trading is not candlestick price action anymore.

    So when you Candlestick Trading
    You have to look pure price action

     

    Late and missed entries candlestick trading
    It is a common occurrence among Forex traders to have late entries and even
    in other cases completely missed entries. Therefore, it is not something new
    even for traders who use the candlestick trading strategy.
    A late entry refers to a buy or a sell entry that is made late; after a
    certain duration of time has passed since the signal to place an order was
    generated. On the other hand, a missed entry is a situation where the trader
    misses to notice the signal to place an order and comes to realize about it
    later.
    In any of the two cases (late and missed entries) when using the candlestick
    trading, the trader should avoid opening positions. This mostly applies to
    the late entries where most traders may be driven by greed to place an order.
    If the trader is late to open a position (buy or sell) he or she should shun
    from placing any order and wait for another signal to be generated.

     

    https://youtu.be/4C1qw5LwU68

    picture with entry point of USDJPY currency

     
  • Candlestick 8:00 pm on August 8, 2015 Permalink | Reply
    Tags: candlestick trading, , source code   

    What is price action Candlestick Trading Source Code? 


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    What is price action Candlestick Trading Source Code?

    Reader’s message
    ——————
    Sir,

    You say ( if any one trade usd jpy then must be follow or look at binary source price )

    Sir please explain it.

    Thanks.

    ——————

    Yes we need source code.

    What is source code?

    Source Code is 4 prices

    Video here.

     

    Analytical process of price Action Trading

    Price action trading is based on the price movement of the market.

    Other than using the indicators that works on the basis of price movement, price action traders use actual price variations for the trading

    A price action trader’s analysis may start with classical technical analysis patterns, which are broken down further.

    These are supplemented with extra bar-by-bar analysis, sometimes including volume.

    This observed price action gives the trader clues about the current and likely future behavior of other market participants.

    The trader can explain why a particular pattern is predictive, in terms of buyers, sellers, the crowd mentality of other traders, change in volume and other factors.

    A good knowledge of the market’s make-up is required to do that.

    The resulting picture that a trader builds up will not only seek to predict market direction, but also speed of movement, duration and intensity.

    All of these are based on the trader’s assessment and prediction of the actions and reactions of other market participants.

    Price action patterns occur with every bar and the trader watches for multiple patterns to coincide
    They can occur in a particular order, creating a setup which results in a signal to buy or sell.

    Individual traders can have widely varying preferences for the type of setup that they concentrate on in their trading.

    One published price action trader is capable of giving a name and a rational explanation for the observed market movement for every single bar on a bar chart.

    The regular publishing charts with descriptions and explanations covering 50 or 100 bars. A price action trader can freely admit that his explanations may be wrong.

    However, the explanations serve a purpose, allowing the trader to build a mental scenario around the current ‘price action’ as it unfolds.

    For experienced traders, this is often attributed as the reason for their profitable trading.

    https://youtu.be/h8OKlY0nXZQ

    When do you think its the best time for me to Trade

    What is price action Candlestick Trading Source Code?What is price action Candlestick Trading Source Code?

     

     
  • Candlestick 8:00 pm on August 4, 2015 Permalink | Reply
    Tags: 30 minute strategy, candlestick trading   

    Candlestick Trading 30 minute strategy video 


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    Candlestick Trading 30 minute strategy video

     

    Reader’s message
    ——————

    Hello Mr. Long Hang Seng,

    Thank you very much for your 30 minute strategy video.

    Can you please record the video without the background music.

    I’m not able to understand what you are saying in the video.

    It makes it very difficult to understand your strategy, sorry.

    Thank you
    ——————

    Please caption on under YouTube Video.

    https://youtu.be/W2b4SdunwfM

    Simple Tricks of Price Action Trading

    Price action trading is one of the favorite trading options for the regular traders.
    Price action trading deals with the price movement of the market and indicates through past prices trends.

    Here are four simple ways that beginners can use to become better at reading, reacting, and analyzing price action.

    Following the trends of the market is one of the best ways to get more information about price action trends.

    Beginners need to know more, so they should try to follow the ups and downs of the markets and the trends.

    The more traders know from the market, the more they can use this information to make the right trading move.

    One of the first pillars of technical analysis is focusing on the trend.

    The trends can predict many important things about the market.

    The price action trader will use setups to determine entries and exits for positions.

    Each setup has its optimal entry point.

    Some traders also use price action signals to exit, simply entering at one setup and then exiting the whole position on the appearance of a negative setup.

    Alternatively, the trader might simply exit instead at a profit target of a specific cash amount or at a predetermined level of loss.

    This style of exit is often based on the previous support and resistance levels of the chart.

    A more experienced trader will have their own well-defined entry and exit criteria, built from experience.

    An experienced price action trader will be well trained at spotting multiple bars, patterns, formations and setups during real-time market observation.

    The trader will have a subjective opinion on the strength of each of these and how strong a setup they can build them into.

    A simple setup on its own is rarely enough to signal a trade.

    There should be several favorable bars, patterns, formations and setups in combination, along with a clear absence of opposing signals.

    https://youtu.be/x9BEH9LgQV0

    Short time Trader Money is Long time Trader Money source

     
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