Candlesticks Trading - Page 2
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Thread: Candlesticks Trading

  1. #11
    Quote Originally Posted by ;
    IMO... if demoing, treat it as your very own real money and place the fund which you believe you would (deposit) start with later on, such as USD1,200 or USD500, rather USD10,000, USD50,000 or some big quantity. This way you would trade with your own heart by following your trading egy.... See how far you may go (win or lose)...
    Cheers
    thanks guys for your information, you are dead right here, I've already been employing a 100k demo account, I won't be trading anything around that live!! Its just so wonderful to see those huge figures... but I'll be more like a 1k in reality,
    cheers

  2. #12
    U r welcome... happy trading...

    Quote Originally Posted by ;
    thanks guys for your information, you are dead right here, I've been employing a 100k demo account, I won't be trading anything near this reside!! Its just so wonderful to see those big figures... but I'll be more like a 1k in reality,
    cheers
    rlforex
    BTW I'm out U/J
    https://www.forexsoutheast.asia/gene...ion-trend.html

    Cheers

  3. #13
    Look in the EU weekly and Daily chart... Price is a 200 and 65 ma. Hanging about and looking for a direction to go. Weekly chart is a trend and Soc is turning . As mentioned, weekly is quite bearish as a candle enclose fews week small candles. Daily is sitting in the 65 ma and soc at oversold. Waiting for it to retrace around Fibo and might opt to get a brief. Before we entre, we need to look at the PA. It may not look down back and dip. Let us see how she unfold. . cheers


  4. #14
    Quote Originally Posted by ;
    Hello,

    Currently I m holding only this brief commerce going good to my manner... will update if loe new setup.
    Great trade Br... keep yr charts coming.

  5. #15
    EurGbp Daily:

    Support degree 61.8 fibo.

  6. #16
    Quote Originally Posted by ;
    EurGbp Daily:

    Support degree 61.8 fibo.
    Hi Pip, I am waiting for it to shut over the MA next week. And look before activate long. Cheers

  7. #17
    A very intriguing AU weekly chart. A strong bull candle push the price and close over the major resistant lineup (In red) three months ago. Shortly after that bull week, the bear push the price and close beneath the resistant line. Have a peek as the price goes higher, it moves lower. A diverenge.

    Along with the daily chart, u can see the diverenge more obviously. I'll wait before I believe to go for a brief for her to retrace back to the fibo lineup. Cheers


  8. #18
    Quote Originally Posted by ;
    This book did extensive statistics and revealed that there is little advantage when using candlestick pattern alone.

    https://www.forexsoutheast.asia/gene...ick-chart.html
    Agree. . Various studies have proven that very little statistical benefit is provided by candle. . The highest likelihood candle formation was so rare, although correct 63% of this time that chances are far and few. .

    Candles are useless without other price action indiors. . Look on any chart to see how often a pin bar change doesnt!

    You Want to Discover a way to determine which ones will

  9. #19
    As far as candlesticks I've had MUCH success but it is very rare with trading one in particular, a'hanging man' or'nail' into the exact definition in the 3m-1h-4h charts.

    That is nearly, in my experience of watching it, pretty rare to find a perfect one and nearly always a guaranteed commerce.

    Nothing is guaranteed, however I have not received a lousy trade yet from these.

  10. #20
    Quote Originally Posted by ;
    Agree.. Various studies have shown that very little statistical advantage is provided by candle. . The probability candle formation was so infrequent, although right 63 percent of the time that chances are few. .

    Candles alone are useless without other price action indiors. . Look on any chart to see how often each trap pub reversal doesnt!

    You want to find a way to determine which ones will
    Candlesticks is only a tools that show PA.. It does not work. And if you are intraday trader, candlestick may not work for you due to of the news. It work to get a day candle as she moves thru 3 markets movement and traders willing tobring the price to a close. I have much success after I shed my tf to daily as well as weekly. Any system won't gurantee a 100% success... It all depend on yr MM and tf which you are comfortable with. Candlestick will work better ONLY when it's within an up or down trend... 90% it's a trend reversal method. The 10% is commerce with a up window (gap) or down window. It will help traders. Cheers

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