readers question
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Hello Mr.Long,
Thanks for your videos and knowledge. I have some
questions….
1. What does Candlestick psychology mean of a single candle? What’s the importance?
2. What does Candlestick Sentiment mean of a single candle? What’s the importance?
3. How to know who are dominant either bulls are bears in a single candle?
4. You have said that, wicks of a candle is temporary price action , close
position is important. How to handle the wicks? Bcoz sometimes , a candle with long
upper wick , in an uptrend with red color small body, fills the wick or reverse the
trend? How to catch that?
5. Should a candlestick trader consider the Trend and SnR? Or color change and
inside outside close is enough to make the trading decision?
6. What does the volume of a single candle say? How to understand that?
7. Kindly suggest a sureshot Binary option trading strategy for 1 min chart with 1
or 2 minute expiry.
Thanks and Regards,
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1. What does Candlestick psychology mean of a single candle? What’s the importance?
traditional way it depends on candlestick formation
for example
upper wick, long lower body traditional way says if this candlestick appears go
lower but how long wick and what is the body length
it different every candle
it’s complicated to trade dicision.
traditional way we have to remember bunch of candlestick formations
colour trading way
if previolus lower close then go lower
if previous higher close then go higher
so previous higher close or lower close important
2. What does Candlestick Sentiment mean of a single candle? What’s the importance?
traditional way body and wick size shows Sentiment
i mean can not identify sentiment only single candle in traditional way
it needs multiple candlestick to reading charts and analyze psychology and
sentiment
but I am going to show you colour traindg way at No4 answer
3. How to know who are dominant either bulls are bears in a single candle?
if close price higher than open price bulls dominant
if close price lower than open price bears dominant
it just higher close or lower close.
how to catch that
if high wick is previous high wick higher and the body is previous wick higher
close then price go up
if high wick low is previous high wick low lower and body is previous low lower
close then price go down
so how to handle wicks
if the price go up and higher close wick high also body is previous wick higher
close then price go higer
if the price go down and lower close wick low
also body is previous wick lower close then price go lower
5. Should a candlestick trader consider the Trend and SnR? Or color change and
inside outside close is enough to make the trading decision?
yes
6. What does the volume of a single candle say? How to understand that?
if higher volume appeas then put sell top to previous lower volume and
if lower volume appears then buy stop to previous higher volume
7. Kindly suggest a sureshot Binary option trading strategy for 1 min chart with 1
or 2 minute expiry.
I don’t recommend 1 minites or 2minutes
it’s broker house winning system
so if you trade binary option daily basis recommend
here is video