Candlesticks Forex Strategies Candlestick charts are one of the most powerful technical analysis tools in the trader’s toolkit. They are also one of the most prevalent. Most technical analysis programs use candlesticks as the default mode of charting. Used correctly, candlesticks can give a signal in advance of much other market action. They can be a leading indicator of market activity.
But familiarity doesn’t necessarily breed expertise. There are perhaps more than 100 individual candlesticks and candlestick patterns. This is a daunting amount of information for a trader to understand and apply.
As with most things, some candlestick patterns are more useful than others. Here, we will take a look at some of the most viable for stock traders. These are candlestick patterns that experience shows have the most relevance to making consistently profitable trading decisions. Used correctly, they should increase the accuracy of your predictions.
Forex Doji Reader Candlestick Trading Strategy Forex Doji Reader Candlestick Trading Strategy: Low close doji and High close doji are two candlestick patterns. Trading with doji Time Frame 4H or daily, Markets: any. Indicators: doji, Macd (12,26,9); 25 EMA Channel (25 Ema High and 25 EMA low). Buy on the close or on the next … Read more
Forex Pattern Candlestick Trading Strategy Forex Pattern Candlestick Trading Strategy: Candlestick patterns metatrader indicator is a completre tools. List of the Candlestick patterns: pin bar morning star, morning doji star, dragonffly doji, abandoned baby, three inside up, hammer, three outside up, three white solidiers, Breakway, abaodned baby bear, evening star, three inside down, three outside down … Read more
Forex Engulfing Pattern Candlestick Trading Strategy Forex Engulfing Pattern Candlestick Trading Strategy; The Engulfing pattern is a major reversal pattern. It is made up of two candles that are 2 different colors; red being a downtrend candle, and green being an uptrend candle. This particular pattern is formed after a clear downtrend in the market. … Read more
Forex Hammer Candlestick Trading Strategy Forex Hammer Candlestick Trading Strategy: This system is used on 15-minute and 4-hour timeframe. With 15-minute timeframe, daily pivot points are employed. Weekly pivot points are utilized when trading off 4-hour timeframe. In this manual, I’ll present the entry signals for swing trading off 4-hour timeframe. We use the same techniques to … Read more
Forex Bullish Bearish Engulfing Candlestick Trading Strategy Forex Bullish Bearish Engulfing Candlestick Trading Strategy: Time Frame 15 min or higher Works best on the highs time frames. Currency paira:any Metatrader Indicator Engulfment pattern SMA1 SMA20 Look out for bullish or bearish engulfments. I reproduce the classic engulfment patterns in Figure. Entry: For bullish engulfments: buy at market … Read more
Forex Price Action Candlestick Trading Strategy Forex Price Action Candlestick Trading Strategy; Setting for 15 min Time Frame or higher Currency pairs any. Indicators: CPI Candlestick Pattern Pivot Daily. The Rules of this trading system based on the Candlestick patterns is very simple. This is an pure price action trading system. Sell Wait the price is below a pivot level … Read more
Forex Rainbow Pattern Candlestick Trading Strategy Forex Rainbow Pattern Candlestick Trading Strategy: Time Frame 15 min or higher. Currency pairs:any. Candlestick Patterns with Rainbow Metatrader Indicators: (EMA’s) Exponential moving averages : 3-4-5-6-7-8-9-10-11-12-13-14-15-16-17-31-32-33-34-35-36-37-38-39-40-41-42-43-44-45-46-47 -48-49-50-51-52-53-54-55- 21 (Rainbow) Pivot levels (this setting is for intraday trading ). Pattern recognition Master 7; Long Entry If Buy Candlestick Pattern is above of the (rainbow) green exponential moving averages open a … Read more
Forex CSNakedsys Candlestick Trading Strategy Forex CSNakedsys Candlestick Trading Strategy; In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity. For every trading strategy one needs to define assets to trade, … Read more
Forex Bearish Engulfing Pattern Candlestick Trading Strategy Forex Bearish Engulfing Pattern Candlestick Trading Strategy: The Bearish Engulfing Pattern is directly opposite to the bullish pattern. It is created at the end of an up-trending market. The red body completely engulfs the previous day’s green body. This shows that the sellers are now overwhelming the buyers. Description The … Read more
Forex Reversal Two Candlestick Trading Strategy Forex Reversal Two Candlestick Trading Strategy; Setup: 1) Open 15 min chart of G-J; change to candlesticks; enlarge as much as possible 2) Add Parabolic SAR, default settings; 3) Add 5 LWMA (close price); this is the signal line 4) Add 20 LWMA (close price); 5) Add RSI (5); add levels 10, 20, 70, 80 6) Candelstick … Read more
Forex Pattern Reversal Pivot Candlestick Trading Strategy Forex Pattern Reversal Pivot Candlestick Trading Strategy; Time frame 15, 30, 60 min Pairs.all Indicators: SDZPivot RSI(10) CPI (set only reversal pattern) Exit Stop loss: 5 pips below or above level pivot. Target Profit: on level pivot or example 1H TF EUR/USD 18, AUD/USD 15 pips, GBP/USD 21 … Read more