Where the right entry and Why that trade are loss.
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Thanks for your reply, sir would you mind please give me more example like this,
where the right entry and why that trade are loss.
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Where the right entry and Why that trade are loss
Some Japanese Candlestick Patterns
The Japanese have been using candlestick charts for trading since the 17th century to analyze rice prices.
Candlesticks were introduced into modern technical trading Candlesticks contain the same data as a normal bar chart but highlight the relationship between opening and closing prices.
The narrow stick represents the range of prices traded during the period (high to low) while the broad mid-section represents the opening and closing prices for the period.
If the close is higher than the open – the candlestick mid-section is hollow or shaded blue/green.
If the open is higher than the close – the candlestick mid-section is filled in or shaded red.
The long white line is a sign that buyers are firmly in control – a bullish candlestick.
A long black line shows that sellers are in control – a bearish pattern.
Marubozu are even stronger bull or bear signals than long lines as they show that buyers/sellers have remained in control from the open to the close.
The doji candlestick occurs when the open and closing price are equal.
This indicates the instability of the market and the exhaustion of the traders.
An open and close in the middle of the candlestick signal indecision.
Long-legged dojis, when they occur after small candlesticks, indicate a surge in volatility and warn of a potential trend change.
4 Price dojis, where the high and low are equal, are normally only seen on thinly traded stocks.
The dragonfly occurs when the open and close are near the top of the candlestick and signals reversal after a down-trend.
The hammer is not as strong as the dragonfly candlestick, but also signals reversal after a down-trend.
The shadow of the candlestick should be at least twice the height of the body.
A gravestone is identified by open and close near the bottom of the trading range.
The candlestick is the converse of a hammer and signals reversal when it occurs after an uptrend.
Because Price not close down side 24 hour Candlestick low