Candlestick (desirable) Low and High prices (reached, before price moved away into potential pips profit)
Candlestick chart picture example 5
Many more could have should have would have opportunities…
These 5 candlestick chart pictures posted above are somewhat self explanatory…
Candlestick Highs with a red circle are not beyond the previous candlesticks High price.
Candlestick Highs with a red square are beyond the previous candlesticks High price.
Candlestick Lows with a blue circle are not beyond the previous candlesticks Low price.
Candlestick Lows with a blue square are beyond the previous candlesticks Low price.
Aim for the stars, might just reach the moon.
Trying to guess / predict / track future price movement as closely and accurately as possible.
Trying to gain enough or as many pips profit as possible.
Recognizing that the trees make up the forest.
All recognizable on a blank candlestick chart with no lines or indicators.
Chart based trading involves guessing what may happen next, whether zero or ten lines and / or indicators are added to a chart. The accuracy of such guesses is likely to vary.
The current candlesticks existing High and Low prices may remain its final High and Low prices once that candlestick closes.
The most desirable place to enter long at on a candlestick always occurs at the candlesticks Low price.
The most desirable place to enter short at on a candlestick always occurs at the candlesticks High price.
As long as a maximum pips stop loss is not reached, gaining pips profit is possible, whether an entry is taken exactly on or after a candlesticks Low or High price.