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Support and resistance candlestick trading
Support and resistance candlestick trading In candlestick trading, a trader should be very careful to detect support and resistance levels. The most commonly used support and resistance levels used are the daily support and resistance levels. For a trader to be able to detect the support and resistance levels more easily, he or she should…
If open bar is near previous bar low then sell Entry Strategy
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…
uncertainty of the price range changing then wait 3 same colour continuation
question from readers ——————— Thank you for the reply, the second video its a bit more clear, when we consider same color continuation. As i had mention i have been with difficulties to identify the price direction and decided to wait few times when comes the pattern {white,black,black,white} and {black,white,white,black} please see pictures attached. Because…
Basic candlestick trading Take profit and Stoploss
readers question———————I havent seen you upload any more videos, i am watcing you as i apply most of your techniques in my trading. When do you set and forget a trade instead of looking at the charts constantly? Do you have a ratio or risk management in place lets say 25 pip SL and 200…
Double top and bottom pullbacks candlesticks
Double top and bottom pullbacks candlesticks The double top pullbacks candlestick pattern is formed when the market prices rise, but upon reaching the previous resistance levels, the market prices are unable to go past through (there is no breakout); this occurs twice hence the name double. On the other hand a double bottom pullback pattern…