Why I trade with candle sticks and no indicators - Page 377
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Thread: Why I trade with candle sticks and no indicators

  1. #3761
    Trader Batavia's Avatar
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    Oct 2016
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    The simple way to analyze this market it is by candlestick or it is called price action method. You can learn this and thete are have two method it is candle pattern and chart pattern the both are very important.

  2. #3762
    Learn how to read candles correctly you will build on all the results and if the building has a defect unfortunately all your labor and effort in becoming flawed and only come with negative results so we will try to understand well together

    The issue of reading candles at the closing price on the chart is very important for good technical analysis and has two regular and professional methods

    *1* Normal way
    It depends on the trader's concentration on 3 points.

    1) Compare the lock ing place and upper shade area
    .....................................
    And here the analyst himself is asking whether closing the candle came higher than the opening price and at the top of the top of the shadow completely

    Or the closing came below the opening price and converged with the lower shadow.

    *2* Compare the sealing place of the lower shadow area
    ...............................................

    And here the trader is asking whether closing the candle came below the opening price and at the bottom of the shadow completely

    Or the closing of the candle came below the opening price and close to the lower shade

    From here we note very well that if closing the candle is higher than the opening price and with the upper top it means that the buyers are coming means the trend is upward.

    But if the close close to the opening price means that the price trend will be downward

    This is a regular method of analysis by reading candles but it requires reading a lot of candles and this requires a lot of time.

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