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  • Candlestick 9:20 pm on March 8, 2016 Permalink | Reply
    Tags: If open bar is near previous bar low then sell Entry Strategy, trading candlestic   

    If open bar is near previous bar low then sell Entry Strategy 


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    Hi,

    Long hang seng here

    reader’s message
    ——————
    Hi Long thanks for the explanation but how do i put it into my trading
    regards
    ——————

    click here
    http://candlestick-trading.com/if-open-bar-is-near-previous-bar-low-then-sell-entry-strategy-2/

    Some Complex Patterns

    Candlestick patterns are of two types.
    They are – Simple patterns and complex patterns.
    Complex patterns are mainly combination of different simple patterns.
    Unlike simple patterns, complex patterns are harder to find in a chart and explain correctly.
    Here are some complex patterns that are often seen in candlestick charts.

    Long-Legged Doji
    This candlestick has long upper and lower shadows with the Doji in the middle of the day’s trading range.
    The Doji clearly reflects the indecision of traders.

    Long Shadows
    It has candlesticks with a long upper shadow and short lower shadow.
    This indicates that buyers dominated during the session and bid prices higher. Conversely,
    candlesticks with long lower shadows and short upper shadows indicate that sellers dominated during the session and drove prices lower.

    Spinning Top
    It consists of candlestick lines that have small bodies with upper and lower shadows that exceed the length of the body.
    Spinning tops signal indecision.

    Stars
    A candlestick that gaps away from the previous candlestick is said to be in star position.
    Depending on the previous candlestick, the star position candlestick gaps up or down and appears isolated from previous price action.

    Piercing Line
    This is a bullish two day reversal pattern.
    The first day, in a downtrend, is a long black day.
    The next day opens at a new low, then closes above the midpoint of the body of the first day.

    Rising Three Methods
    This is a bullish continuation pattern in which a long white body is followed by three small body days.
    Each of them is fully contained within the range of the high and low of the first day.

    https://youtu.be/6RAkILmsTHE

    GBPUSD 1hour Trade

    If open bar is near previous bar low then sell Entry StrategyIf open bar is near previous bar low then sell Entry Strategy

     
  • Candlestick 5:11 pm on September 19, 2015 Permalink | Reply
    Tags: If open bar is near previous bar low then sell Entry Strategy   

    If open bar is near previous bar low then sell entry strategy 


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    If open bar is near previous bar low then sell entry strategy

     

    Reader’s message
    ——————

    Sir,

    you say, ( Previous bar: inside if open bar is near previous bar low then sell entry target is previous bar near low stop-loss previous bar far high vice versa,……daily time frame best. )

    Sir would you mind please provide me a video of this strategy, I will be waiting for your response.

    Thanks,

    ——————

    Here is video
    https://youtu.be/Rr7DtId_r_E

    Candlestick charts- Some Simple patterns

    There are more than 100 simple and complex candlestick patterns available in the market.
    Every pattern has its own characteristics and interpretation.
    Here are some simple patterns that traders will see frequently in the candlestick chart.

    Inverted-hammer
    Inverted Hammer is a black or a white candlestick in an upside-down hammer position. This is just the opposite of the hammer sign.
    Long-lower-shadow
    Long Lower Shadow is a black or a white candlestick.
    The candle is formed with a lower tail that has a length of 2/3 or more of the total range of the candlestick.
    Normally this pattern is considered a bullish signal when it appears around price support levels.
    Long-upper-shadow
    Long Upper Shadow is a black or a white candlestick with an upper shadow.
    The shadow has a length of 2/3 or more of the total range of the candlestick.
    This pattern is considered a bearish signal when it appears around price resistance levels.
    Shooting-star
    Shooting Star is a black or a white candlestick that has a small body, a long upper shadow and a little or no lower tail.
    This pattern is considered as a bearish pattern in an uptrend.
    Spinning-top
    Spinning Top is a black or a white candlestick with a small body.
    The size of shadows can vary.
    This is interpreted as a neutral pattern but gains importance when it is part of other formations.
    White-body
    White Body is formed when the closing price is higher than the opening price and considered a bullish signal.
    Shaven-bottom
    Shaven bottom is a black or a white candlestick with no lower tail.
    Shaven-head
    Shaven Head is a black or a white candlestick with no upper shadow.
    The simple patterns can show the trend of the market and some of them can predict a rise or fall.
    So, traders should know the names of these patterns and use them correctly to predict the upco

    ming market trend.

    https://youtu.be/510OwFKWLeU

    You can 90% Wins

     
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