What is candlestick strategy? - Page 232
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Thread: What is candlestick strategy?

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    What is candlestick strategy?

    I have saw candlestick pattern charts in mt4 but i can not get to have a best strategy on them to trade, please someone indicate me a strategy to use over candlestick charts.

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    Quote Originally Posted by Darkhorse View Post
    It is the representing of price movement and whenever a trader wants to take action in the market. They should be able to know the price movement on the chart. Therefore by looking at the indicator on the chart. I think the trader should have been able to know the next movement of the chart. Candlestick is a great indicator on it's own, if a trader decides to make use of it.
    candlesticks strategy depends on the different charts patterns that can give you analysis with showing the price different movements as it can help us to take the next step with the good identification of the market therefore after looking the formation of the patterns you can analyse the market future positions easily and get money with having a best strategy for trade.

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    Candlestick strategy are very useful and effective strategy for daily basic trading on this business. But to make time good learning and find that best trading tool to identify the market are very important for trader then you can make simple or powerful candlestick strategy for trading and generate everyday good profit from it.

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    each trader needs candlestick for trading because it can help him to take more accurate decisions and so he will be able to make more effective and profitable trading and so the trader will be able to make more and more money easily and continuously, candlesticks are good and profitable for the trader and let him to trade well always.

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    Quote Originally Posted by sameeh View Post
    each trader needs candlestick for trading because it can help him to take more accurate decisions and so he will be able to make more effective and profitable trading and so the trader will be able to make more and more money easily and continuously, candlesticks are good and profitable for the trader and let him to trade well always.
    There are a lot of the candlestick in the market which the trader can trade with. Candlestick has been known to be also the best popular means of trading and making analysis. It also all depends on the trader who is making use of it. You know, some patterns known as the Doji candlestick are not strong enough, therefore, the trader should try as much as they can to avoid such candles to reduce losses.

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    Previously, we already knew what a candlestick is, which is one type of price chart (chart) to map and read the technical price movements in financial markets. After knowing the meaning of candlesticks in general, the next thing to know is the types of candlestick patterns. This graph has several interesting patterns to look at.

    According to the shape, there are 42 types of candlestick patterns. Lots of it, right? but don't worry, how to read it is divided into 3 types of candlestick patterns that are easier to remember and learn. Let's remember together, the 3 types of candlestick patterns are:

    Single Candlestick Pattern
    Double Candlestick Pattern
    Triple Candlestick Pattern

    Discussion of the types of candlestick patterns requires quite a long time, but it will be very useful to use when we will take action in forex trading. In addition, because the candlestick method is adopted from Japanese technical analysis, many of the terms of the Sakura country are used.

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    I like only the simpler candlestick patterns that are the useful way to win the money as well so on the basis of good understanding and our a lot of practices will include the part of success in it and we can get the earning very perfectly with having the worth on these simple methods as well so we can take help from them for follow the trend that is needed for making success .

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    Quote Originally Posted by Runner View Post
    I like only the simpler candlestick patterns that are the useful way to win the money as well so on the basis of good understanding and our a lot of practices will include the part of success in it and we can get the earning very perfectly with having the worth on these simple methods as well so we can take help from them for follow the trend that is needed for making success .
    Such as making use of the pin bar, because it is also one of the simple and effective candlestick pattern, also on the other hand, though the successful rate is not only depending on the simplicity of the candlestick pattern, but the trader, how you get to interpret the candlestick pattern when you see it on the chart. Those things will determine how successful we can be also.

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    Quote Originally Posted by Makaveli View Post
    Such as making use of the pin bar, because it is also one of the simple and effective candlestick pattern, also on the other hand, though the successful rate is not only depending on the simplicity of the candlestick pattern, but the trader, how you get to interpret the candlestick pattern when you see it on the chart. Those things will determine how successful we can be also.
    Candle stick and price action strategies are best for technical analysts because using indicators alone one cannot strike high probability trades. Pin bars is a much talked about pattern in this forum and of course it should be because it is also in itself a powerful trend reversal pattern. When we understand the candle charts and patterns we will be in a position to construe the market movement with higher accuracy and derive the right signals.

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    Candlesticks has many strategies and so the trader can trade with any of them and so he can make some profits, the trader needs to practice on one strategy and try to master it to be able to know how to trade with it successfully, trading with candlestick is profitable and the trader will enjoy trading if he knows how to trade with successfully.

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    We need to make it work is to know how to apply the support and resistance to the market then it will be more easier for us. Candle stick pattern is a good trading method. I have been following it up and i have learned a lot of things on how it could be taken correctly and make us money.

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