Candlestick Strategy - Page 51
Page 51 of 51 FirstFirst ... 414748495051
Results 501 to 510 of 510

Thread: Candlestick Strategy

  1. #1
    Trader
    Join Date
    May 2018
    Posts
    510
    Thumbs Up
    Received: 2
    Given: 4

    Candlestick Strategy

    Introduction
    Hy fellow traders i am new here and also new to forex trading,i was making research on the best and easy strategy to use for trading so candlestick was one of the strategies introduced to me.so currently i am using it to trade on a demo account,how long i will test on demo account is not yet known to me but if its profitable i will start trading with my bonus from next month.

    Signals
    buy when a kangaroo tail is spotted at a strong support on daily time frame
    sell when a kangaroo tail is spotted on a strong resistance on daily time frame
    buy when an engulfing candle bar is spotted at a strong support on daily time frame
    sell when an engulfing candle bar is spotted on a strong resistance on daily time frame

    Risk To reward ratio 1:2

    Evidence Of Profitability By Past Data
    we can clearly see a kangaroo tail as a retest to the previous support that now turned into a resistance


    we can also see an engulfing candle bar on resistance


    let us all see if this strategy is truly profitable.

    Not allowed!

  2. #501
    Trader
    Join Date
    Nov 2018
    Posts
    3,539
    Thumbs Up
    Received: 10
    Given: 2
    There is more importance for working on the candlestick patterns as compared to any other methods which is due to the its ability for simply detect the trend of market and tackle it entirely so this is good strategy to trade work in the perfect mode and with the power of knowledge and our experience will make our success very obvious from it .

    Not allowed!

  3. #502
    Trader
    Join Date
    Apr 2019
    Posts
    618
    Thumbs Up
    Received: 1
    Given: 0
    It is much more easier for me to do analysis by simply using candle stick. For bullish trend a series of highser and lower candles are form the market begins to form candles that re higher than the previous one and moving down to form a low candle that is higher than the previous low candle while for bearish trend the candles form a high that is lower than the previous high candle and move down to form a low candle that is lower than the previous low candle. So its much easier for me to analyse the market trend this way by simply using candles

    Not allowed!

  4. #503
    Trader
    Join Date
    Sep 2017
    Posts
    8,764
    Thumbs Up
    Received: 58
    Given: 130
    Candlestick strategy is one of the common trading strategy, every one has got to learn and know how it works, it is simple and having the knowledge doesn't prevent the trader from making use of other additional means of trading, the most important thing is for the trader to know how to make good decisions and trade effectively.

    Not allowed!

  5. #504
    Trader pajero's Avatar
    Join Date
    Jul 2017
    Location
    Picking up Miracles
    Posts
    1,713
    Thumbs Up
    Received: 7
    Given: 5
    Candlestick patterns are one of the simplest ways to read price movements, and analyze them. Because reading candlesticks means that we are reading the market itself, so we will not be confused with indicators that sometimes occur so much that it makes us have to suffer losses.

    Not allowed!

  6. #505
    Trader sniper007's Avatar
    Join Date
    Jun 2017
    Posts
    10,929
    Thumbs Up
    Received: 81
    Given: 146
    In a nutshell, I do make use of the candlestick strategy and it is by far one of the best ways of handling the market. From what I have learned, I have been able to have developed a good simple candlestick pattern in trading and then I have been able to have seen that to become successful, you should be able to use the higher time frame because that is where it works best.

    Not allowed!

  7. #506
    Trader
    Join Date
    Jul 2017
    Posts
    4,292
    Thumbs Up
    Received: 17
    Given: 1
    You cannot trade with only candlestick because that would make you experience losses far more than you thought, candlestick should be applied with confirmation so that we will be able to effectively filter the trades that may result in losses for us, trading candlestick should take place after the forex trader has done enough practice, as we can already understand, candlestick have times when they fail.

    Not allowed!

  8. #507
    Trader
    Join Date
    Jul 2017
    Posts
    8,577
    Thumbs Up
    Received: 32
    Given: 22
    Sir, if i understood you very well here, i think that what you are referring to here as kangaroo candlestick formation is what is generally known to us traders as the pin bar which always come with the shape of a hammer. I had gone through the charts that you have here and what i see in most of them is the pin bar. Like you have rightly observed , the kangaroo candles is a very good and reliable one to trade with especially if we have the patient to allow it form at a confluence area of the market where we have more than one reason to take on a trade.

    Not allowed!

  9. #508
    Trader
    Join Date
    Aug 2013
    Posts
    11,572
    Thumbs Up
    Received: 70
    Given: 48
    candlestick strategy will make trading more effective and more profitable because the candlesticks are good and strong for reading the chart and so the trader will be able to take more accurate decisions that will lead to making of successful trading that will lead to making of good money, the trader needs to know all candlesticks patterns to trade better.

    Not allowed!

  10. #509
    Trader
    Join Date
    Dec 2017
    Posts
    3,482
    Thumbs Up
    Received: 8
    Given: 5
    Candlestick strategy is one the good and profitable strategy for trading but only for those trader who has good knowledge and trading skills.In Forex every trader has freedom to choose any strategy for trading therefore trader should spend his good time for learning because without learning no strategy would be good and profitable.Many trader prefer to use the candlestick strategy because by using the candlestick strategy trader can easily analyze the trend.

    Not allowed!

  11. #510
    Trader
    Join Date
    Sep 2015
    Posts
    1,176
    Thumbs Up
    Received: 2
    Given: 1
    candlestick strategy will make trading more effective and more profitable because the candlesticks are good and strong for reading the chart.candlestick is best and profitable strategy for those traders who have good knowledge and trading skills.Traders should more practice in demo account.Demo account helpful for traders.many traders choose candlestick strategy by using this strategy traders can easily analyze the trend.

    Not allowed!

Page 51 of 51 FirstFirst ... 414748495051

Posting Permissions

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