Are there any candlestick patterns working for forex trading? Experiences?
Recently i started to examine candlestick patterns as a trading signal for forex trading. I used talib for evaluating candlestick patterns occurrences and also different candlestick time bases ranging from minutes to days on several majors (EUUSD, JPY/USD, USD/CND, USD/GBP, EUGBP), but till know I found any edge. Is there somebody running any profitable strategy based on candlestick patterns? Have you any recommendations for improving my strategy? Do you believe that there can be found any edge and if not why?
Candlesticks build patterns that predict price direction once completed. Proper color coding adds depth to this colorful technical tool, which dates back to 18th-century Japanese rice traders . A perfect hammer in Forex is the same as in any other market: its tail must be twice as large as the length of the body and the body has to be near or at the top of the candle. This means it can ... Candlestick patterns can be used to detect and confirm key forex formations, many of which have been mentioned in this book already e.g. retracements, reversals, breakouts and fakeouts etc. I make great use of candlesticks to help determine and distinguish between reversals and retracements. Forex Japanese candlestick patterns are specific candlestick patterns that can signal a continuation of the underlying trend, or a trend reversal. These patterns can be single candlestick patterns, which means that they’re formed by a single candlestick, or multiple candlestick patterns which are formed by two or more candlesticks. Using Reversal candlestick patterns in Forex correctly can have a noticeable positive impact on a trader’s performance. And key to spotting trend reversal in Forex or confirm a trade.. If you don’t know what’s a candlestick pattern, you can refer to our comprehensive Forex technical analysis tutorial.. Trading success is all about following your trading rules.
Forex - The Candlestick Bible - Audio Breakdown - YouTube
The Best Candlestick Patterns to Profit in Forex and binary - For Beginners trading forex, forex strategy, forex,Online Trading Strategy #Candlestick_Pattern... Make sure to check out my latest Upload ! https://www.youtube.com/watch?v=mwDvDxkvA-k Join our Facebook Group: https://www.facebook.com/groups/18312320604660... Discover how candlestick patterns can help you identify high probability trading setups — so you can profit in bull and bear markets. ** FREE TRADING STRATEG... In this video Trading 212 explains how to use Japanese candlestick charts. You can easily learn the kind of signals a candlestick chart provides. Trading 212... In this video we show you the BEST candlestick patterns that work. Knowing how to spot candlestick patterns is a key part of price action and all traders mus...