Tagged: EURUSD Toggle Comment Threads | Keyboard Shortcuts

  • Candlestick 8:00 pm on July 4, 2015 Permalink | Reply
    Tags: , EURUSD   

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


    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

    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 8:02 am on April 15, 2015 Permalink | Reply
    Tags: , EURUSD   

    FOREX 400pips EURUSD trade harami inside harami 


    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

    FOREX 400pips EURUSD trade harami inside harami

    A = harami

    Next bar close sell entry.

    After price go down.

    why this harami so effective?

    FOREX 400pips EURUSD trade harami inside harami
    Because,

    B candlestick harami C to D all Candlesticks.

    harami inside harami = trend change.

    video click here

    https://youtu.be/z0vLgGcNnBk

     

     

    Related article

    Human time frame candlestick price action trade
    http://candlestick-trading.com/human-time-frame-candlestick-price-action-trade/

    Price action traders

    Price action trading is a very talked about term in the trading market.
    In simple terms, price action is a trading technique that allows a trader to read the market and make trading decisions based on the actual price movement on the chart.
    Rather than relying on lagging indicators, they just read the price movement.
    Most indicators are derived from the actual prices on the chart, so they are in fact, giving them information on past price movements.
    Price action traders keep things simple, which can also be an effective methodology when it comes to trading.
    Price action traders are a form of technical trader who relies on technical analysis.
    They do not rely on conventional indicators to point them in the direction of a trade.
    These traders rely on a combination of price movement, chart patterns, volume and other raw market data to gouge whether or not they should make a trade.
    This is seen as a simplistic and minimalist approach to trading but is not by any means easier than any other trading methodology.
    It requires a sound background in understanding how markets work and the core principles within a market.
    But the good thing about this type of methodology is, it will work in virtually any market (stocks, foreign exchange, futures, gold, oil, etc.).
    The purest form of price action trader is a tape reader.
    Good tape readers don’t need charts, although some may glance at a chart occasionally.
    Especially if they’re in a position – they may be looking for support or resistance areas to take profits.
    However, it is rare to find a tape reader using any indicators or oscillators.
    Their primary tools will be the Time & Sales window and perhaps their Depth of Market if they can multi-task.
    Nothing else is needed.
    Trades are taken on the basis of order flow, so that in essence they are trading pure price action.

    Forex what is the best way more take Profit?

     
c
Compose new post
j
Next post/Next comment
k
Previous post/Previous comment
r
Reply
e
Edit
o
Show/Hide comments
t
Go to top
l
Go to login
h
Show/Hide help
shift + esc
Cancel