Candlesticks and its strategy

[nicofx]

yes, I completely agree that by using a candle stick very well be that we can know where the psychology of a price as the doji pattern and also marobozu..

[JoeltonsInv]

I suggest that no trader banks his hopes on candlesticks formations alone, but to always keep tabs with the news all the time they plan to trade based on candlesticks. At the end of the day, it is market price that decides what candlestick that eventually gets formed and anyone of them can be formed at anytime, regardless the ones already formed or the ones expected to be formed - price action always has the final say.

[fadyvictor]

i always use price patterns and/or candle stick patterns beside as a verification for the trade entry this merge can make 100% accuracy for any trading strategy,
something i would like to add "3 strike pattern" is very accurate for binary options trader so in case of bullish pattern you can enter call option that expires at the end of the day

[tee]

far too many things to memorize..
juz stick to what we know now, and absorb more knowledge,
it will help alot in the future..

[nicofx]

yes I agree that by using a candle stick in fact we already have a signal, because the CS has a pattern that describes the direction of market movements such as doji pattern, and marobozu ..

[gkintl]

I basically use heiken aishi candle charts. It is very difficult to remember all the formations. Even if you can remember,it is an awesome process to monitor all the charts for patterns. Either we need an automated system or just watch only a single chart continuously for candle pattern formations. Having said that, I would like to add that there are some crucial candle formations like doji, hanging man, hammer, shooting star, bearish engulfing and bullish engulfing pattern which all traders should be aware of.

[fxasia]

The candle stick chart is closely related to the bar chart. it also consist of four major prices: high, low, open, and close. the opening and closing prices form the body of the

to indicate that the opening was lower than the closing, the body of the bar is left blank. in its original form, the body was colored red. the current standard electronic displays allow you to keep it blank or select a color of your choice.

why i decided to provide these information is to help beginners understand few things: that may start them off as demo traders. don't feel ever, that these few details are enough for forex trading. i mean, the real.

[Joseph Andrews]

I liked the bullish formations as I like to go for buy entries with my majority trades. But there's lots of patterns given there and it really hard to keep them in mind. Moreover their general behaviors is also important to remember. Thinking how can we do it easily.....

[khaled mohamed desouky]

it is nice to read this forum concerning candlesticks trading , candle sticks always help use when understand its pattern and how to use it , really for me candle stick is so much important to understand it while you trading with help of some indicators. but also take care of break out and how use stop lose

[goldeneyes]

there is a lot candlestick formation that can be use, especially there is a lot of candlestick strategy that use and sharing by professional trader. They have some observation about candle, we can follow if we can understand their technique.