Next Candlestick is small then next bar sell entry
Reader’s message
——————
Thank you but can u show a video for more explain please ?
I’m very interesting in your strategy but i lose a lot.
——————
Click here
https://youtu.be/l1lqhS9Bg7c
Related article
Picture of double block pattern candlestick
http://candlestick-trading.com/picture-of-double-block-pattern-candlestick/
Breakout in Price Action Trading
In price action trading breakout is a common term.
For beginners, it is very important to have the basic knowledge of breakouts.
Breakout
A breakout is a bar in which the market moves beyond a predefined significant price – predefined by the price action trader, either physically or
only mentally.
This price is defined according to their own price action methodology.
For example, if the trader believes a bull trend exists, then a line connecting the lowest lows of the bars on the chart during this trend would be the
line that the trader watches.
They will be waiting to see if the market breaks out beyond it.
The real plot or the mental line on the chart is generally comes from one of the classic chart patterns.
A breakout often leads to a setup and a resulting trade signal.
The breakout is supposed to herald the end of the preceding chart pattern.
For example, a bull breakout in a bear trend could signal the end of the bear trend.
Breakout pull-back
After a breakout extends further in the breakout direction for a bar or two or three, the market will often retrace in the opposite direction in a pull-back.
For example, the market pulls back against the direction of the breakout. A viable breakout will not pull-back past the former point of Support or
Resistance that was broken through.
Breakout failure
A breakout might not lead to the end of the preceding market behavior and what starts as a pull-back can develop into a breakout failure.
“Five tick failed breakouts” are a phenomenon that is a great example of price action trading.
Five tick failed breakouts are characteristic of the stock index futures markets.
Many speculators trade for a profit of just four ticks, a trade which requires the market to move 6 ticks in the trader’s direction for the
entry and exit orders to be filled.
https://youtu.be/wT9S2fYV02k100% Capital Growth each year
