Commodity day trading with Candlestick 


Warning: preg_match_all(): Compilation failed: invalid range in character class at offset 7 in /home/rtt/candlestick-trading.com/public_html/wp-content/themes/p2/inc/mentions.php on line 77

Commodity day trading with Candlestick

White black pattern

Commodity day trading with Candlestick

#1 white candlestick

#2 black candlestick close higher previous white candlestick

#3

#4 white candlestick

#5 close higher previous bar

#6

#7 white candlestick

#8 close above white candlestick high

#9

#10 white candlestick

#11 close higher #10

#12
How Price Action Traders Used Trends

Trend is a very important thing for price action trading.
When the market breaks the trend line, the trend from the end of the last swing until the break is known as an ‘intermediate trend line’ or a ‘leg’.
A leg up in a trend is followed by a leg down, which completes a swing. Frequently price action traders will look for two or three swings in a
standard trend.
With-trend legs contain ‘pushes’, a large with-trend bar or series of large with-trend bars. A trend need not have any pushes but it is usual.
A trend is established once the market has formed three or four consecutive legs, e.g. for a bull trend, higher highs and higher lows.
The higher highs, higher lows, lower highs and lower lows can only be identified after the next bar has closed.
Identifying it before the close of the bar risks that the market will act contrary to expectations.
A more risk-seeking trader would view the trend as established even after only one swing high or swing low.
At the start of what a trader is hoping is a bull trend, after the first higher low, a trend line can be drawn from the low at the start of the trend to
the higher low and then extended.
When the market moves across this trend line, it has generated a trend line break for the trader, who is given several considerations from this point on.
If the market moved with a particular rhythm to and fro from the trend line with regularity, the trader will give the trend line added weight.
Any significant trend line that sees a significant trend line break represents a shift in the balance of the market.
It is interpreted as the first sign that the countertrend traders are able to assert some control.

https://youtu.be/GhS6P7YDcWI

CFD Australia 200 Candlestick