How we can more filter this strategy?
reader’s message
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Hello M. Long,
In this picture you can find first result in this week for strategy “24h candlestick”, its very good strategy,
but the problem, coz we use SP = high and low for candelstick, thats mean SP is bigger more twice than TP ,
the when we use one or two trads, thats mean lose much even if we win much trads.
- Can i use TP = 2 x SP ?
- How we can more filter this strategy ?
- Can you give me more information about this strategy ?
thank you so much.
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click here
How we can more filter this Strategy?
How to read Japanese Candlestick patterns?
Candlestick patterns are used widely by the traders to invest in the right place in the market.
The Japanese candlestick pattern readings are widely being used by the traders as they predict almost the perfect ways of investment.
Japanese candlestick trading signals have almost 40 patterns that can help the traders to get the right direction of the price move.
The major signals are mostly used by the professionals for making a call in case of making a trade.
Other signals than the major signals can’t give that many accurate and effective profits.
According to Japanese interpretation the bulls and the bears are conflicting patterns.
According to Japanese interpretation the appearance of a Doji alert the investors of a major indecision.
Neither buyers nor sellers can gain control in this situation.
There are 4 different types of Doji candlesticks.
When a Doji is formed, traders pay special attention to the preceding candlesticks as they can help taking the proper decision.
If a Doji is formed after a series of long hollow bodied candlesticks, that Doji signals the buyers are exhausted and weakened.
The reverse situation, a doji formed after a series of long filled bodied candlesticks, signal the exhaustion and weakening of sellers.
The spinning tops, which are candlesticks with long upper and lower shadow also indicates the indecision between the buyers and sellers.
There is also morning star, shooting star, evening star patterns.
These patterns consist of three day signals.
The morning star foretells the rising prices of the market while the evening star is found at the end of the uptrend.
The shooting star is also known as an inverse hammer.
This means that the top is near.
The Japanese foretells are being popular for their effectiveness and people are using them for making their trading decisions.
So, it is very important for the traders to know the signals.
