Candle stick pattern signaled the possible movement of the recent NFP news release - Page 86
Page 86 of 87 FirstFirst ... 3676828384858687 LastLast
Results 851 to 860 of 861

Thread: Candle stick pattern signaled the possible movement of the recent NFP news release

  1. #851
    Trader Sascha's Avatar
    Join Date
    Dec 2013
    Location
    Racoon City
    Posts
    3,618
    Quote Originally Posted by Abhishekwala View Post
    Its a good approach to have faith in our knowledge and use our own strategy, thee are hundreds of strategies and we need not become jack of every strategy. As a matter of fact nothing is totally safe in Forex but still we can make things comfortable by exercising proper control on the risks. I think depending on our trading style we need certain specific skills and for news we need to be good with fundamental analysis.
    i'll make it short and simple. trading is a form of art which make people who do this can get instant satisfaction and sadness by looking at their final result. fortunately, this business is widely open and free to participate so we better not wasting this opportunity by arguing things we haven't learn or test before. when we think that it's not possible to trade with candlestick along with news, then to prove we're wrong or right we can make direct project and see what's happening next.

  2. #852
    Trader Lyon's Avatar
    Join Date
    Jul 2017
    Posts
    9,846
    The use of candle stick is good however still, we need to be realistic that the news is different and then the candle stick is different, so therefore they are not moving in the same way, I will suggest that every trader in the market gets to know what works for them and mostly should avoid making use of news, because most of the time, technical trading is all what it takes to make you a profitable trader.

  3. #853
    Quote Originally Posted by Sascha View Post
    i'll make it short and simple. trading is a form of art which make people who do this can get instant satisfaction and sadness by looking at their final result. fortunately, this business is widely open and free to participate so we better not wasting this opportunity by arguing things we haven't learn or test before. when we think that it's not possible to trade with candlestick along with news, then to prove we're wrong or right we can make direct project and see what's happening next.
    Trading is surely an art, an art of analyzing the market and managing things such a way that we dont get hurt badly no matter what. We can go ahead by learning the technical analysis but at the same time we should not forget that news are the main price drivers. With experience we should learn to accept reality and be realistic while trading. Feared mind cannot trade well, but to have confidence we need to abide by a well practiced strategy.

  4. #854
    Banned
    Join Date
    May 2016
    Posts
    2,505
    Quote Originally Posted by Abhishekwala View Post
    Trading is surely an art, an art of analyzing the market and managing things such a way that we dont get hurt badly no matter what. We can go ahead by learning the technical analysis but at the same time we should not forget that news are the main price drivers. With experience we should learn to accept reality and be realistic while trading. Feared mind cannot trade well, but to have confidence we need to abide by a well practiced strategy.
    I'd rather talk about the complexity level of how traders analyze market through news because sometimes news gives wrong or late indication for us to take. Many times I failed to enter and trade with market because market was already moved even before it's released the news. Candlestick patterns aren't not really suitable to combine with news for me as well.

  5. #855
    The news has no relation with the use of the candlestick pattern, I will just say that we have to be careful on how we trade and don't make such assumption because such assumption could lead the trader to poor trading signals and there as making the trader take the news that should be avoided, I try as much as I can to avoid trading the news.

  6. #856
    Trader Sascha's Avatar
    Join Date
    Dec 2013
    Location
    Racoon City
    Posts
    3,618
    Quote Originally Posted by Darkhorse View Post
    The news has no relation with the use of the candlestick pattern, I will just say that we have to be careful on how we trade and don't make such assumption because such assumption could lead the trader to poor trading signals and there as making the trader take the news that should be avoided, I try as much as I can to avoid trading the news.
    at first i thought it has few relations between candlestick patterns with news trading. until the times that came to me to realize that it's not helping anything with news. that's why i don't use any candlestick patterns to help me find the idea to trade with news and use my fundamental analysis more. few traders who understand this facts because the others are still trying to combine between technical and fundamental analysis at the same time.

  7. #857
    Quote Originally Posted by Silhouette View Post
    I'd rather talk about the complexity level of how traders analyze market through news because sometimes news gives wrong or late indication for us to take. Many times I failed to enter and trade with market because market was already moved even before it's released the news. Candlestick patterns aren't not really suitable to combine with news for me as well.
    Yes recently I have seen that the effect of news already gets absorbed in the prices before the news is released and market actually remains calm when the news figures are actually announced. For good technical traders, technical analysis will suffice to meet their goals and of course trading news without the required skills will amount to big speculation. News trading can further go deep to how the fundamental strength of a currency can stand to be effected.

  8. #858
    Trader
    Join Date
    May 2018
    Location
    Pakistan
    Posts
    4,748
    The candle stick is a good and strategy trading strategy, one who has learned and understand it will be able to make money. However my suggestion will always be that if we are to make use of the candle stick strategy then we have to stick to it and not apply the news to it, due to that will possibly get one confused and fail.

  9. #859
    One of the most important things to be done as a trader is to learn and then follow the rules as required. Candlestick patterns are so much effective, but then again, I think we have to be careful and not to think about making use of it with the news, that is one thing I avoid, knowing that it works differently. I have always known that I shouldn't use them together.

  10. #860
    Quote Originally Posted by sniper007 View Post
    One of the most important things to be done as a trader is to learn and then follow the rules as required. Candlestick patterns are so much effective, but then again, I think we have to be careful and not to think about making use of it with the news, that is one thing I avoid, knowing that it works differently. I have always known that I shouldn't use them together.
    We have to always try to follow things that we have learned and practiced about and the same goes with any kind of news trading. Actually talking about NPF news, it is a big market mover and in this case many times it is seen that all chart patterns and SOR levels are disregarded. During the news time candle sticks can be helpful, but we also need to focus on the fundamental analysis and news figures.

Page 86 of 87 FirstFirst ... 3676828384858687 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •