The two key skills that separate winners from losers are risk control and self-control.Managing risk in your account is pretty straightforward once you know the formulae, which you’re about to see. A professional trader may allocate up to a third of his research time to calculating money management angles, as he compares risks and rewards…
High price gapping play High Price Gapping Play – Normally it should be a signal of continuation of the current Trend. – It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The First Candle is long and white. – The Second, Third and Fourth Candle, have a short…
Three Outside Up Pattern Three Outside Up Candlesticks Pattern It is a three candlestick pattern observed at the end of a bearish rally. This pattern is an extension of the two-line bullish engulfing pattern. This type of pattern indicates a trend reversal and a bullish rally is seen thereafter. The first candle is black. The…
The pattern which is called the three inside pattern consists of three subsequent candles. The information they carry is that the current momentum of the trend is weakening and you may expect the price to go in the opposite direction. The three inside down pattern The three inside down pattern This type of the three…
– Normally it should be a signal of Bullish reversal of the current Trend. – It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The Pattern starts during a Downtrend, then it becomes a “Sideways” Trend (That represents the indecision of the Markets); at the end of the…
Dumping Top Candlestick Pattern Normally it should be a signal of Bearish reversal of the current Trend.– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The Pattern starts during an Uptrend, then it becomes a “Sideways” Trend (That represents the indecision of the Markets); at the end…
It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The First Candle is black, it has a short Lower shadow (Or it has not a Lower Shadow) that represents a new Low in the Downtrend. – The Second Candle is white, it has the Open above the Close…
– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The First Candle is long and black. – The next Candles that are in the “Sideways” Phase, are Spinning Tops (Black or white) and they show the indecision of the Market. – The Last Candle is long and…
It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The First Candle is long and white. – Then there is a Gap Up between the First and Second Candle. – The Second Candle is black, it has a short Real Body; moreover it has the Close above the…
The In Neck pattern is almost a Meeting Line pattern. I t has the same description as the On Neck pattern except that it closes at or slightly above the previous day’s close. Confirmation is suggested. The In Neck Line indicates some short covering, but not a change in trend direction. In neck Line Candlestick…