Hey guys actually i found out out that the Candlesticks pattern are very effective in trading and it could make very good cash if we trade them very well .
I got idea why not all the professional Traders on this website dont track any Candle stick Pattern they know its effective and through these patterns we can expect good moves!!!
SO the task for all the professional traders now every Candlesticks pattern they Find on the Weekly , Daily , 4Hours chart and one hour chart , they can post it here with chart of the pair they found the Candlesticks pattern on it .
The Effective Candlesticks patterns i know :
[ul]
[li]Pin bars
[/li][li]Inside Bars
[/li][li]Out side bars
[/li][li]Dodji
[/li][/ul]
Everyone one post chart with pattern should Explain what is there plan for trading this pattern
Thanks guys for your help and this will Help allot of traders to learn these patterns and don’t miss these kind of trades at the same time , some time you plan to trade when a certain pattern happen but actually you forget but here you will never forget because there is others reminding you .
Looking forward to see your posts and Patterns guys
Best Regards
Felix
Candlestick patterns alone will not do the trick. While they are effective, they need to be coupled with some form of confirmation. For me that would be a break or a bounce of support or resistance.
hey this is Felix
There is a pin bar and 123 Reversal Pattern on the GBP/USD on the 4 Hours chart
The should be is taking short on this pattern @1.5140 stop loss 1.5290 first target 1.5070 Second target 5000
Moving the stop loss Break Even after Reaching the first target
''This is not signal its just my opinion ‘’ if anyone has other opinion sure has to share it for the Education purpose for this Pattern
Felix
this is only purpose of teaching the patterns and sure every one he put his plan for the pattern will show how he is trading it with the other tools
thanks
Hi,
Mastergunner is totally correct on this, you need to consider the overall market structure.
My advice
Look at what the market is doing, is it trending up or down etc, look for the levels of S + R and then look for the candle sticks.
You cant use the candle sticks alone.
I’ve attached a chart so you can see what i mean.
N
hey guys i know what you mean , so that i said ‘’‘YOUR PLAN FOR TRADING THIS PATTERN’’ THAT MEANS YOU SHOULD SAY THIS PATTERN IS POWERFUL WITH TREND LINE SUPPORT RESISTANCE ETC…
not the pattern alone sure
