Simple Trade by the Candlestick - Page 153
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Thread: Simple Trade by the Candlestick

  1. #1
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    Smile Simple Trade by the Candlestick

    To the point...

    How to trade by the Candlestick

    * The Rule :

    1. If the candle chart before as Bullish Continuation , so the next candle will become Candle Bullish.

    2. If the candle chart before as Bearish Continuation , so the next candle will become Candle Bearish.

    3. If the candle chart before as Bullish Reversal, so the next candle will become Candle Bearish

    4. If the candle chart before as Bearish Reversal, so the next candle will become Candle Bullish.

    * Another hand, we can also trade by using some of formation candle

    1. Hammer (for Reversal)

    2. Hang Man (for Reversal)

    3. Engulfing Bearish and Bullish

    4. Dark Cloud Cover

    5. Piercing

    6. Evening Star and Morning Star

    7. Shooting Star

    8. Inverted Hammer

    9. Harami

    10 Marubozu

    11. High Wave and Spinning Top

    12. Three black Crows

    13. Three White Soldiers

    14. Tweezers

    15. Doji.

    if we can know well about Candlestick, we know where the market will go....

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  2. #1521
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    Candlestick trading strategy is very useful for traders and when traders are use their experience they will be able to earn profit easily on this market. Simple and easy trading strategies are very helpful fro traders to earn daily profit on this business and if we are use these candlestick trading strategies with care and after practice then our success is become easily possible for us.

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  3. #1522
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    Quote Originally Posted by zha5454 View Post
    Candlestick trading strategy is very useful for traders and when traders are use their experience they will be able to earn profit easily on this market. Simple and easy trading strategies are very helpful fro traders to earn daily profit on this business and if we are use these candlestick trading strategies with care and after practice then our success is become easily possible for us.
    It is the basic trading strategy that any trader who is new to the market has to learn, so that they can get to know the market for sure. There are lots ways to make use of it to make it simple. One of them is that the trader should not make use of it on smaller time frame, it is not appropriate on the little time frame and then the patterns stronger are pin bar mostly.

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  4. #1523
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    Quote Originally Posted by Makaveli View Post
    It is the basic trading strategy that any trader who is new to the market has to learn, so that they can get to know the market for sure. There are lots ways to make use of it to make it simple. One of them is that the trader should not make use of it on smaller time frame, it is not appropriate on the little time frame and then the patterns stronger are pin bar mostly.
    You are right, the greed is the cause, wherein you see the new traders come in the market with the intention of making so much money, that leads such trader to making use of the strategy on the the little time frames. That is wrong actually. Candle could be really simple and yet effective. I remarkable way of taking it is using support and resistance.

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  5. #1524
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    All these patterns are good and then profitable if you have the strategy for it. In such a way that candle stick are not taken like that, the trader needs some other good trading strategy that they need to make use of. Such in a way that the trader should know something like price action, which will apparently help the traders take the meaningful trading signals.

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  6. #1525
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    Knowledge is all that is important for success in the forex market and having the basic knowledge about candlestick formation is one advantage that we have over the market if we learn how to analyze and the formation of the candlesticks because there are so many of them and some are very common when it comes to giving direction to the market . The pin bar is one of the most prominent candlestick formation which many traders do know about in the market.

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  7. #1526
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    Yeah I like candlestick too much because its helps me to know about the next move of the market and and its easy to understand the trend too with the help of the candlesticks you can search videos on Google or You tube if you want to know about that candlesticks and you can make a good strategy with it for your trading

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