How to predict the next candle? | Forex Factory

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How to predict the next candle?

  • #1
  • First Post: Edited Feb 5, 2015 2:53am Jan 22, 2015 4:17pm | Edited Feb 5, 2015 2:53am
Hello, can anybody help me with a strategy that can predict if the next candle will be bullish or bearish?
  • #2
  • Jan 22, 2015 4:29pm Jan 22, 2015 4:29pm
Anyone who can do that, won't be on this forum.
They'll be busy ruling the world.
  • #3
  • Jan 22, 2015 4:48pm Jan 22, 2015 4:48pm
I can predict the time/hour ... the next candle will open ... with 99,9% accuracy
  • #4
  • Jan 22, 2015 5:25pm Jan 22, 2015 5:25pm
Quoting oladinpeter
Hello, can anybody help me with a strategy that can predict if the next candle candle will be bullish or bearish?
Well, the whole idea of studying candlestick patterns is to attempt to predict what will happen in the future.

A good place to start would be learning candle stick patterns. There's plenty out there on the internet about it.
  • #5
  • Jan 22, 2015 6:44pm Jan 22, 2015 6:44pm
Quoting billbss
Anyone who can do that, won't be on this forum. They'll be busy ruling the world.
True
  • #6
  • Jan 22, 2015 7:58pm Jan 22, 2015 7:58pm
Quoting oladinpeter
Hello, can anybody help me with a strategy that can predict if the next candle candle will be bullish or bearish?
Candlesicks are the best type of visuals depiction of price to use for this purpose. They are not 100% in performance, nothing is. It has been several years in the past now but I remember a very good traing on this exact topic presented by Andrei Knight aka the Black Knight. t should be archived and searchable using Google if you care to give it a go. I don't remember all of the rules now. But I do remember that I was very impressed by his approach.. I hope you find more that helps you.
  • #7
  • Jan 23, 2015 7:44am Jan 23, 2015 7:44am
Quoting oladinpeter
Hello, can anybody help me with a strategy that can predict if the next candle candle will be bullish or bearish?
how about you try another option rather then predict, you may want to try "react" based on last candle or a few. when you said predict, it sound like 'guessing' and we can expect upon it. most expert would suggest to react our trade based on 'candle formation', for example an engulfing, when it's bearish one we go short, and does same with the bullish engulfing we go long once confirm such candle formation.
  • #8
  • Jan 23, 2015 3:21pm Jan 23, 2015 3:21pm
Thank you all for the posts!!!
  • #9
  • Jan 23, 2015 3:22pm Jan 23, 2015 3:22pm
Quoting billbss
Anyone who can do that, won't be on this forum. They'll be busy ruling the world.
I think you are right
  • #10
  • Edited 4:49pm Jan 23, 2015 3:46pm | Edited 4:49pm
Quoting oladinpeter
{quote} I think you are right
They would not rule the world as they need to hide (worry to be ...) in order to be an observer (originally a scientist). They take a lifetime for doing experiments for errorfree results so they lose a lot of money for adjustments of each consecutive experiment. Before he dies, he would separate chapters of the LOG book to different places (as he cannot destroy his own researchs) and ensure it will not be owned by a world-destroyer.
  • #11
  • Jan 26, 2015 12:20pm Jan 26, 2015 12:20pm
Good afternoon, if they want an easy and effective method, look the link:
http://www.forexfactory.com/showthre...505135&page=49
Important posts;
426 and 857 following

Just looking D1 = W1 = MN on convergence
  • #12
  • Jan 26, 2015 2:37pm Jan 26, 2015 2:37pm
Quoting oladinpeter
Hello, can anybody help me with a strategy that can predict if the next candle candle will be bullish or bearish?
You can create neural network and learn it to recognize patterns.
  • #13
  • Feb 2, 2015 9:33am Feb 2, 2015 9:33am
Quoting billbss
Anyone who can do that, won't be on this forum. They'll be busy ruling the world.
hell yeah man ... no one can't predict the market 100% correctly
  • #14
  • Feb 2, 2015 12:22pm Feb 2, 2015 12:22pm
You're asking for the holy grail..does not exist and no one can predict the market with one hundred percent certainty..
  • #15
  • Feb 2, 2015 12:27pm Feb 2, 2015 12:27pm
All I do is compare the previous data from the last 10/15min and 1hr.. I then see the trend and make a guestimate where it's gonna be.
Up and coming champion Pip collector.
  • #16
  • Feb 2, 2015 7:17pm Feb 2, 2015 7:17pm
Quoting oladinpeter
Hello, can anybody help me with a strategy that can predict if the next candle candle will be bullish or bearish?
http://stockcharts.com/school/doku.p...ern_dictionary

try this.....​
  • #17
  • Feb 3, 2015 12:11am Feb 3, 2015 12:11am
You cannot do that with certainty.

But you do not need to know that to be profitable in forex, for it is all a matter of probability. If you manage to follow a system that shifts the odds in your favor, on the long term you will win. But you ll never know for sure if the next trade is going to be a winner or a looser.

I would advise you to read "Trading in the zone" by Mark Douglas. It will explain it even better.
  • #18
  • Feb 3, 2015 3:34am Feb 3, 2015 3:34am
might be easier trying to predict the general direction of the next thirty four candles
  • #19
  • Feb 4, 2015 3:47pm Feb 4, 2015 3:47pm
Quoting oladinpeter
Hello, can anybody help me with a strategy that can predict if the next candle candle will be bullish or bearish?
You can use HEIKEN ASHI or CANDLESTICK ANALYISIS...
Trade smart, not hard
  • #20
  • Feb 11, 2015 9:40am Feb 11, 2015 9:40am
Put your finger up your black hole, turn 3 times, shout out "jezus, jezus, jezus", eat a whole cucumber and tapdance for 13 minutes. First color that comes to mind is it!
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