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?
Candlestick charts are available on ThinkForex trading platforms for all assets individuals can trade on the platforms. Below is a sample of a candlestick chart derived from the ThinkForex web trading platform: This chart shows price on the right (vertical) axis, and time on the bottom (horizontal) axis. The final candlestick pattern which we are going to cover, and also one of the most important Forex chart candlestick patterns, is the doji pattern. The doji pattern is a specific candlestick pattern formed by a single candlestick, with its opening and closing prices at the same, or almost the same level. A doji pattern signals market indecision. In Forex, this candlestick is most of the time a doji or a spinning top, preceding a third candle which closes well below the body of the second candle and deeply into the first candle's body. Home Forex MT4 Indicators Best Candlestick Pattern Indicator. Best Candlestick Pattern Indicator. The candlestick patterns are patterns that take place on the Japanese candlestick charts. The candlestick chart is a type of chart that changes color based on whether price closed higher or lower than the open price. Forex Candlestick Patterns Bottom Line. Each candlestick pattern mentioned in this article signifies a different movement or action in the market. Forex traders who study these patterns, their shapes, compositions, and meanings for prices can make decisions regarding buying and selling as they see these patterns take shape.
This video has been uploaded and deleted sooooo many times. The stream chat asked if I could upload this so they could at least have it for themselves. I sai... 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... Discover my secret formula that teaches you how to read and understand any candlestick patterns so you can better time your entries & exits (even if you have... Discover how to read candlestick charts like a professional trader even if you have zero trading experience. **SUBSCRIBE TO RAYNER'S YOUTUBE CHANNEL NOW** ht... With our mentorship you will get a FREE copy of the candlestick bible. Here is a breakdown of that book to help aid you with your trading! It's easy to give ...