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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. 

    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 

      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

       
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