In this video, I explained in detail the two most important candlestick patterns that you will ever need to make money from the financial market consistently.
Technical Analysis demystified:
In this video, I defined what technical analysis is.
Summarized the history behind candlesticks and many more.
This is Technical Analysis defined by me with simplicity.
Very simple and easy to understand.
iif strategy is using just a flag pattern
1) normal close line with green color that show mojo-jojo🦹 moving of market
2) hma 9 of close: for tracking fast movments
3) hma 9 of open: for tracking slow movements!
I think the best timeframe is 15 minutes but you can try other tfs ;)
Hey traders,
If you follow me for quite a while you probably noticed that I apply a candlestick chart for the market analysis.
In this post, we will discuss how to read an individual candlestick and we will outline its important elements.
🔰The candlestick reflects the price movement for a selected period of time.
An hourly candle will show you a price...
█ DISCLAIMER
Are you looking for an answer for Best Quantification of Candlestick Patterns? you are not going to get here. It's just my thoughts about an indicator built on this concept that will be published next month (because I can only post two public indicators per month). Felt to discuss this with the community before head because I am excited to know...
HOW-TO educational video on using TheStrat Alerts indicator in combination with TradingView awesome Alert functionality.
Time is precious and like many of you I cannot sit and watch charts all day, so I coded this indicator to do that for me and to alert me just prior to the closure of an actionable TheStrat setup.
There are 5 steps when using this...
#Candlestick #CandlePattern #Tocademy #Tutorial
Hello traders from all over the world, this is Tommy =)
I was unexpectedly surprised by many of you who liked and supported my last post about the basic concept of TA(Technical Analysis). Today I prepared a brief lecture about the Candlestick Pattern, one of the most fundamental phenomenon and behaviors that traders...
Resistance level is at price 118.71. Bull candlestick closed above 118.71 price level. Resistance level is now support. Next, wait for a rejection candlestick or pin bar candlestick to retest support level at 118.71.
Enter a market execution order after the candlestick completely forms into a rejection candlestick or pin bar candlestick.
Chart example is of a Bearish Pressure Zone:
3 consecutive price bars with upper wicks (VERY strong/either bearish or bullish setups)
Note: Make a zone from top of highest wick to top of highest close with one of the consecutive wicks, this is what you use as you risk or initial stop loss.
Price Action is not about price, but more importantly about decisions...
Trade Plan:
Locate Buying and selling pressure zones implied by the lower and upper shadows/wicks of candlestick price bars.
These areas have THREE rejection shadows or wicks in a relatively close area or time period.
These pressure zones can be done on 15 minute time frames, but 1 hour, 4 hour or daily charts are stronger and more reliable.
Look at attached...
Please look at your own charts:
Do you see all of the following?
Wick Fills? These type of wicks happen going with the trend and get filled with further price action on chart.
Rejection Wicks? Mostly happen at key support and resistance zones or key quarter theory psychological numbers, a lot of traders have orders there.
Reversal Wicks? Happen at key areas...
Each Candlestick consists of four important elements:
1) The Body- Large bodies equals more liquidity and more volume involved in candlestick, smaller is other side which is smaller liquidity and volume.
2) The Length Of The Wicks- Larger wicks equals higher or lower rejection of price action, from the other side. Example: Pin bar candlestick at top of a...
Hello, this indicator is called Squeeze momentum indicator (Lazy bear) you can check on the indicator search engine. This indicator is simply to use and highly effective, when there is a change in color , and smaller bars that signifies change of trend while the small black crosses within he momentum squeeze bars signifies incoming trend reversal.
Share with me...
Only Three Candlestick setup you need to totally understand to trade Forex - Successfully!!!
1) Engulfing-
An engulfing pattern is a 2-bar reversal candlestick pattern. The first candle is contained with the 2nd candle. A bullish engulfing pattern has a red candle engulfed within a green candle. A bearish engulfing pattern has a green candle engulfed within a...
✅Japanese candlesticks are the most popular way to read the price movement on charts. They are visual, easy to learn and the main thing is that they work.
✅The first mention of candle patterns can be found in the Japanese rice trader Homma Munehisa in the 1700s. Almost 300 years later, candles were rediscovered by Steve Neeson in his book titled "Japanese...
Another link to the Schiff Pitchfork idea is also below in "Related Ideas" :
I realized that sharing my Schiff Pitchfork idea may not have been sufficient enough to allow others to be able to use it efficiently and accurately. I wanted to make a video that shows people how I use the Schiff Pitchfork to trade and analyze; Along with some extra tips.
The video is...
First you must have a clean consolidation which you are anticipating that it will be taken once market come up.
Secondly you must have an old low Significant OB which market is chasing it(magnetic) and you know that after market taken out that old low then it will reverse quickly to come up to attack your consolidation.
And finally you will investigate if...
FB stock repeating July 2018 pattern. Expect price to further decrease until it increases. The difference here is that MACD has already crossed over into bearish territory. Stochastics has moved into oversold territory and weakness in the trend shown by the RSI is looking oversold. RSI signal line of 41 is still in range between 50 and 20. This shows that there is...
![XBTUSD.P: [Candlestick Patterns] Just need to know these three!](https://s3.tradingview.com/d/dlZ03rTN_mid.png "[Candlestick Patterns] Just need to know these three!")
