The Market Explained by candle sticks and price action | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EASY H1 trading using divergence and candle sticks 1,542 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Extracting Historical Prices but only certain Candle Sticks 0 replies

High's and Lows of Candle Sticks 7 replies

I'm loving Candle Sticks, newbie's check'em out 24 replies

Attachments: The Market Explained by candle sticks and price action
Exit Attachments

The Market Explained by candle sticks and price action

  • #121
  • Apr 24, 2010 7:52am Apr 24, 2010 7:52am
http://www.facebook.com/photo.php?pi...9&id=603301649
  • #122
  • Feb 14, 2011 10:47am Feb 14, 2011 10:47am
Quoting Parazite
Good luck trading the candlesticks.....you will need it!

Twoblink....hope you dont mind borowing this

One of the problems that most people have is.. well, they are stupid. The 8 1/2 lb on their shoulders, is just a paper weight. Most don't make good use of it.

The second problem is (if you are American, and yes, I SPECIFICALLY PICK ON AMERICANS BECAUSE I AM ONE) is the HORRIBLE HORRIBLE HORRIBLE math skillz <== (gangster notation for emphasis).

I have said time and time again, if you don't know calculus, then you don't know...
what is he talking about???
I will be the number one Manager.
  • #123
  • Feb 14, 2011 12:44pm Feb 14, 2011 12:44pm
Quoting Fuzzyzc
Okay i decided to write this up and share because it makes amazing amounts of sense.
Have you ever wondered why Japanese candle sticks work so well if used properly. Here is a few reasons for this.

1. trapped and exiting traders move markets.

2. Market makers, Banks, and Institutions use the same tricks over and over again and they look roughly the same every time. You cant teach a market new tricks.

3. Patterns fail i know that sounds stupid for a reason that they actually work but youll understand later.


1.Every action is paired with...
Candlesticks wipe the floor with everything I have tested in the past.

Open and closes ARE just as important as the highs and lows too.

Some lovely charts and theories, thanks Fuzzyzc.
  • #124
  • Feb 14, 2011 9:57pm Feb 14, 2011 9:57pm
Hey there jag1966, your comment about testing candlesticks really peaked my interest!

Having learned to trade one and two bar candlesticks from some really good PASR threads on FF, I was curious if you were trading the whole gambit of candlestick patterns?

I would definitely be interested in any posts about the reliability and strategies you might use to trade these, I have been looking on FF for more info on the reliability and tradability of the lesser known patterns like the dark cloud cover etc. but have had limited success.
  • #125
  • Last Post: Edited 5:58pm Feb 15, 2011 5:40pm | Edited 5:58pm
Quoting beachallstar
Hey there jag1966, your comment about testing candlesticks really peaked my interest!

Having learned to trade one and two bar candlesticks from some really good PASR threads on FF, I was curious if you were trading the whole gambit of candlestick patterns?

I would definitely be interested in any posts about the reliability and strategies you might use to trade these, I have been looking on FF for more info on the reliability and tradability of the lesser known patterns like the dark cloud cover etc. but have had limited success.
Sorry I didn't make myself clear, I meant I had tested most other trading methods and candlesticks are the best.

Not candlesticks patterns per se, but what each individual candlestick represents in conjunction with its neighbour.

I was taught to analyse trends using swings, Martin Prings' hl, hh's etc, I feel stupid that i didn't realise candles and bars are just representations of those swings until quite recently. Think fractals.

Now I do, I can look at a naked chart on any timeframe and instantly see the trend on every timeframe, in realtime, they create their own support and resistance levels, the most recent are the best respected.

A group of three or four candles tell you everything you need to know about the markets, orderflow, momentum,trends.

For example a hammer at support on the daily timeframe will be a 2b reversal on the h1 timeframe.

Every single individual candle is tradeable. Use fractals and drop down a timeframe or two.
0 traders viewing now