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?
Pattern trading (reading the markets, candlesticks and and understanding how the markets work) Forex, stocks, Options
Ive been trading for 4 years. Ive seen up and I've seen downs, overall I've lost more then I've won. Can anyone give some sensible advice I can understand. I know all the terms, I have my own strategies but I just feel like I cant get it to the point where I can give up having a main job. Id like to be financially free. I'm looking into learning to trade options as well, I have stocks and some cryptos. Any advice, tips, strategies, words of wisdom are welcomed. Thank you
Candlestick patterns are one of the most commonly used trading patterns. A Japanese man Homa, in the 1770s, discovered the candlestick patterns while studying the supply and demand of rice prices. What are Candlestick patterns? The candlestick patterns represent price moves by measuring the market sentiment. The pattern has multiple candles of ... Forex candlestick patterns offer a real-time glimpse into whether the bulls or bears are taking charge of a market and therefore allows you to make an informed trading decision. When used in conjunction with trends and simple support/resistance levels, forex candlestick patterns become one of the simplest and most powerful analysis tools available. Candlestick patterns, which are technical trading tools, have been used for centuries to predict price direction. There are various candlestick patterns used to determine price direction and ... There is a special section in every good price action trader’s toolbox reserved for Forex candlestick patterns, and for good reason. Aside from technical chart patterns such as the head and shoulders or bull and bear flags, these candlesticks can offer you a chance to understand the sentiment that’s driving a particular market. 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. In other words, the candlestick charts are a technical tool that gathers data for multiple time frames into single price bars.
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