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Candlestick Analysis

Supply and Demand Zones (Strong or Weak)Why Are Some Supply and Demand Zones Stronger Then Other Ones? 1) The strength of a zone is determined by the move it makes 2) Recent zones will be more powerful than the old zones 3) Untouched zones are stronger than the zones that have been tested Drawing demand and supply zones is a subjective job, but as you practice they will becomes easier to do. Yes, Practice on TV charts... How to trade out of zones: 1) Find origin of 1st move and extend zone box to right on daily chart. 2) Only trade when price action goes out of either supply or demand box with harami, engulfing or pin bar setups- they are easy to see on charts. 3) Entries and stop losses are based on original candle of zone: Demand zone enter of price action about candle with stop loss below candle (see chart) 4) If you trade based on daily candles, then look for a 1:1 minimum Risk Reward or higher with correct risk management and lot size,etc.. Note on chart: possible bullish future trade out of Demand zone rectangle box. Something to think about for last part of month or next month.
Education
by Anbat
1
Daily Supply & Demand Zone (How To Draw Them)Pick where the origin of a daily time frame chart move suddenly down or up and place a long rectangle box around high and low of candle (see chart) and extend this rectangle box right on chart. If that rectangle box engulfs future price action and PA reverses then you have found a respected demand or supply zone- to set up new trades from. Supply and Demand zone areas on daily charts are where big banks or institutions trade from and leave their FOOTPRINTS that you can read on charts. Do not ever fight big banks or big institutions- just trade with them related to having less stress and emotions. If you can trade breaks of these demand and supple zones trades will be much easier to do and you will not be involved in that much of price action chop or sideways ranging price action. These areas are where consolation or accumulation of orders occur and can last longer then most retail traders have time or money to wait for breakouts of price action. Trading when price action breaks either Demand or Supply zones means one side has waved white flag and surrendered, thus price action breaks outs of these areas mostly with big large institutional candles.
Education
by Anbat
How to Identify Market Structure and Increase Your ProfitabilityHave you ever wondered, when is the best time to trade? It all depends on what market structure is present at the current moment. There are 3 different types of market structure: 1. Ranging 2. Trending 3. Indecisive During a ranging market, prices can turn rapidly so taking profits quickly is crucial. Not optimal market conditions but can be traded if you don't get greedy. During a trending market, prices can keep continuing in one direction and not look back. It's better to be more lenient on rolling your stops. Expect the trend to continue and trade accordingly. Once the trend ends, sit back and wait for a clear picture of the market. During indecisive markets, you want to stay out! Don't touch. Avoid at all costs. I appreciate you investing your time in your future. Much Love Dil
Education
by justlivingmylife
Poor Reversals GuidePoor Reversals Indicator This indicator finds Poor Reversals. Poor reversals are reversals in price with consecutive highs or lows that are close together. Look for the different types of highs and lows. Some say candle patterns don't matter, but they forget it's the orderflow that makes the pattern. Find poor, tweezer , and 1 tic rejections and study what happens next. We don't need to read the depth of market to see what the orderflow is saying. They are called poor because the auction didn't run its course. It didn't continue the direction until all activity in that direction was exhausted. Proper reversals create excess. Excess is a long tail/wick. A proper reversal leaves a long tailed excess unfilled. The different highs and lows give clues to what kind of orderflow happened there. The difference between them is which high or low happened first. Price does often come back to these areas and clears them up with a proper reversal. We can see them on all timeframes. Knowing what they mean in the orderflow helps with reading charts. The Poor Reversals are: Poor 1 Tick Rejection Tweezer When looking at 2 bars that have very close high or lows, there are a few different types. They are each poor and can be further defined as each are price action clues. If next low is higher, it's a poor low If next low is lower, it's 1 tic rejection If next low is equal, it's tweezer bottom If next high is lower, it's a poor low If next high is higher it's 1 tic rejection If next high is equal it's tweezer top Poor Highs and Lows: The high or low comes first. The next bar does not go past it. Poor highs and lows are often created from price exhaustions. This means at poor highs buyers are trapped. At poor lows sellers are trapped. Price ran out of steam to continue in that direction. There wasn't enough activity/participation to continue the auction in that direction. Poor lows are defined when 2 lows are very close, and the 1st bar is lower. The 2nd comes very close to a new low. It happens most when shorts, at the moment, "run out of steam". They were "too aggressive" and got themselves "short in the hole". When a poor low is made, price will bounce because shorts are buying to protect profits. Poor highs are defined when 2 highs are very close. The 1st bar is higher. The 2nd comes very close to a new high. It happens most when longs, at the moment, "run out of steam". They were "too aggressive" and got themselves "long in the tooth". When a poor high is made, price will pullback because longs are selling to protect profits. 1 Tick Rejections: The high or low comes last. The last bar goes just a little bit beyond the first bar. A "1 tic rejection" happens when a new low is made and quickly rejects. The name is misleading. It doesn't have to be "1 tic". Different markets have different measurements. For ES, it's less than 8 tics. For NQ, it's about 5-20 points. It varies depending on relative market volatility . 1 Tick highs are defined when 2 highs are very close, and the 1st high is lower. The second high is a small peek above. This happens when longs are aggressive and drive price up. Price makes a newer high and longs rapidly start taking profits. Their selling activity drives price lower. In the orderflow, longs likely closed at the same time new shorts sell. This competition to sell drives price lower. At the high, it says longs saw it wouldn't go higher and they took rapid exit. 1 Tick lows are defined when 2 lows are very close, and the 1st low is higher. The second low is a small peek below. This happens when shorts are aggressive and drive price down. Price makes a newer low and shorts rapidly start taking profits. Their buying activity drives price higher. In the orderflow, shorts likely closed at the same time new longs buy. This competition to buy drives price higher. At the low, it says shorts saw it wouldn't go lower and they took rapid exit. Tweezer Tops and Bottoms The highs or lows of the bars are equal. Tweezers most often mean that an aggressive trader is influencing price. They drove price in one direction and then quickly reversed sentiment. Tweezers most often happen in stop hunts. An aggressive trader found where the stops were located and then entered an aggressive order to turn the market. Tweezer Tops are defined when 2 highs are equal. The first bar sets the high. The second bar matches the high. This happens when there is an active seller entering. It could be simple profit taking from longs or new aggressive shorts. In price action, price will move up to find short stops. When the stops are found, the market reverses sharply lower. Tweezer Bottoms are defined when 2 lows are equal. The first bar sets the low. The second bar matches the low. This happens when there is an active buyer entering. It could be simple profit taking from shorts or new aggressive longs. In price action, price will move down to find long stops. When the stops are found, the market reverses sharply higher. Poor Reversals can be Poor, 1 Tick Rejections, or Tweezers. They are all considered poor and upon further investigation we can see they are created from different conditions in the orderflow. They are not called Poor Reversals because they are weak. They are called poor because of the action that happened there. One side got caught in a bad position. Other sharks in the market smelled blood and ripped them apart. This indicator is a work in process. While the concepts are great for real time trading, this indicator is not designed to be used in real time trading. It will repaint based on the bar close. The purpose of this indicator is to train our brains to see these nuances on candle charts. Some say candle patterns don't matter, but they forget it's the orderflow that makes the pattern. We must make split second decisions and knowing the context behind the orderflow reduces response time. These poor reversals don't have to retest, and the best ones won't come back. I use these concepts to find exits, where my trades might be wrong, confirmation I'm on the right side. It's amazing how these simple nuances can turn the markets. But sure enough, they do. Check them out in all time frames. It's a fun indicator to play with. Some markets do require tweaks to the “Ticks” setting. Too big and charts will be noisy. Too low and not much will show up. A general rule of thumb is more volatile markets need higher tick values while less volatile need lower Tick values. Higher timeframes are also more reliable than lower time frames. I've included some customizable settings and I plan on adding more in the future. Enjoy!
CME_MINI:ES1!Education
by CoreySurles
1
Trade Review: How I Traded $NFLX, $BBIG, $ TSM, $WISH,+ LOTTO FRIn this video I will reviewing trades I took on August 27, 2021 going full in depth explaining how I traded $NFLX, $BBIG, $ TSM, $WISH Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .As well the Breakdown trade I posted on twitter and how they worked out and the result of them Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NASDAQ:PTONEducation
by Raulf-m
Trade Review: How I Traded $BIDU + SET UPS RECAP!! & How I am coIn this video I will reviewing trades I took on August 26, 2021 going full in depth explaining how I traded $BIDU for a nice 20% Day trade with the full breakdown Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .As well the Breakdown trade I posted on twitter and how they worked out and the result of them Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NYSE:BACEducation
by Raulf-m
SIMPLE PRICE ACTION STRATEGY! PART 1RULE NO 1: Use S&R Levels As Well As The SUPPLY & DEMAND ZONES. RULE NO 2: Look For BULLISH ENGULFINGS In The UP TREND TREND 2: PIN BAR CANDLE 3: BULLISH HAMMER AND Look For BEARISH ENGULFING In The DOWN TREND 2: SHOOTING STAR 3: BEARISH PIN BAR NOTE: Use These Patterns on S&R , Supply And Demand Zones Break Of Structure Etc. 3RD RULE USE 4H TIMEFRAME IF YOU WANT TO LEARN IT FROM ME ASK ME IN COMMENTS I WILL TELL YOU HOW TO UNDERSTAND MARKET STRUCTURE EASILY ! USING TOO MUCH INDICATORS CAN LEAD YOU TO A HUGE LOSS. This Is Not An Investment Advice. HOPE YOU CAN UNDERSTAND! HAVE A NICE TRADING JOURNEY !
Education
by SarimAaraiz
3
The Breakthrough StrategyGreetings, traders! Welcome to this short, 7-step strategy lesson. Are you new to trading? Don't worry: we're dedicated toward providing the most high-quality, easy-to-understand, and straight-to-the-point investing education to the TradingView community. This strategy lesson is beginner-friendly (we have pictures!), as we've inserted helpful links into each and every term, just in case you don't know them yet. Anyways, let's get right into the steps of this effective trading method , which we've named " The Breakthrough Strategy ": • STEP 1, The Breakthrough: Identify a breakout (or "breakthrough") at the most recent Support/Resistance (S&R) zone. With the horizontal line tool, if you haven't already, mark the level at which price broke: this will be your potential Entry Point (EP). • STEP 2, The Turnaround: Immediately following the breakout, you'll wanna see two or more consecutive candlesticks, going in the same direction of the breakout. After the streak, when you spot the first completely-formed candle, going in the opposite direction, you've found your "turnaround" point! Mark it up with a S&R line: this will be your potential Take Profit (TP) level. • STEP 3, The Other Side: Now, identify the most recent S&R zone, on the opposite side of the breakout zone: this will be your potential Stop Loss (SL) level. • STEP 4, The Average: Make sure that you have your Exponential Moving Average (EMA, 50) installed on TradingView. Is the end of it between the EP and the SL? Perfect! You're ready for the next step. • STEP 5, The Order: Place a Limit Order (TP, SL, and EP levels are mentioned in the previous steps). If, before price hits the Entry Point, things start to get choppy, close the pending order: it is now invalid. • STEP 6, The Execution: Did price hit your Entry Point? The order has been triggered —we're in! Good job, good luck, and hope for some profits. • STEP 7, The Final Step: "Practice makes perfect," so make sure that you backtest this method, to test it out before using it on the live market. Be sure to follow us, for future lessons which will help you significantly increase the power of this strategy! We hoped that this helped you! We ask that you pay it forward, and share this lesson with a friend, a fellow trader, or... heck... share it with your grandmother. “My mission is to help you see forex for what it is: it’s not ‘rocket science,’ but a simple strategy game. Get on the ‘good side’ of probability, develop the proper mindset, and you will prosper.” — Nio Pomilia, Forex Free Press
Education
by ForexFP
1
How To Trade Quality Pin BarsAfter the Pin Bar Formed At The EMA 10 EMA 20, Do The Following Actions Draw Your Fibonacci Retracement Levels Draw Horizontal Support Levels Enter At Pin Bar Close Price Exit At The Previous Swing Low Level The attributes that made this a quality Pin Bar: Pin Bar Close Price is in the Fibonacci Retracement 50% and 38.2% Range Area Pin Bar Close Price is in the EMA 10 EMA 20 Range Area Pin Bar at Lower High Downtrend Technical Chart Of How To Trade The Pin Bar. Before and After Charts. Click on Charts.
Education
by TradeLive-
Trade Review: How I Scalped $MARA+ Reviewing Stream Set ups!In this video I will reviewing trades I took on the first week of August 9, 2021 going full in depth explaining how I traded these tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Covered $MARA for a nice 10% scalp, then reviewing the set ups from Sundays Stream, then giving out some set ups for this week! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NYSE:NIOEducation
by Raulf-m
1
Best Candlestick Patterns Long Wick (Shadow) Candle: Buyers or sellers tried to push the price further but failed The inside bar: After a long wick could mean price change Also engulfing is a reversal signal. Momentum candle: Multiple rejections: Good resistance and sign of price rejection and reversal Shrinking candles: Loss of momentum 3 consecutive candles in the same colour: indicate the start of a new trend. Big red candle: bearish Doji: Open and close are similar and we have shadows on both sides. Can be a signal for reversal if the next candle shapes in a different colour from the previous one. Hammer: bullish Inverted hammer: bearish
Education
by apadanaforex
Trade Review: How I been making consistent 80% returns W/ PROOF!In this video I will reviewing trades I took on the first week of August. going full in depth explaining how I traded these tickers with a new strategy i been testing with Inside Candles Credit: TW for his indicator and his strategy! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NYSE:SQEducation
by Raulf-m
ATR indicator (Always Use This)The ATR (average true range) indicator is the single best indicator that all FOREX traders should be using for all trades (use it or lose it). You can put ATR indicator on your chart always and/or just glance at number (in upper left) and take it off your chart, just have it handy always. What is the ATR: (Default setting (14) works fine for me in FX trading. It tells you how many pips the currency pair has moved, on average, in the past X amount of candles. Why you should be using ATR 100% of the time on every trade: 1) The ATR is crucial for Money Management 2) Money Management is crucial to winning *Know that money management is what will separate you from the losing traders. How To Use ATR In Setting Up Trades: (Never Trade Without It) 1) To know how far back from entry price away your stop loss, which is either ATR x 1.5 (works mostly) or ATR x 2.0 (if you want larger stop loss) 2) To know where to place profit targets and/or targets, 1st target is same as risk or stop loss is and 2nd target is double what the stop loss is. When you are describing Forex RISK, instead of saying unit size or dollar amounts, instead say How much are you trading per pip? Using the ATR will prevent you from getting stopped out of more trades, will keep in more trades. The professionals use ATR for stop losses and targets. ATR can be used on any time frames, but look for other evidence like price action at support and resistance areas, fib ret (golden zone) 50%-61.8%, pivot points, doji candles, harami setups, and engulfing setups to use ATR indicator for possible trades.
Education
by Anbat
4
What Is A Bankers Candle? How To TradeBanker candles happen on all time frames, with Forex trading- banker candles are stronger and more reliable on higher time frames. Happen a lot at support and resistance, demand or supply and or bearish or bullish order block areas, Fib areas (50%-61.8%), zone areas, etc... What Are Banker Candles: They are the opposite move, before large move into other direction. Bullish daily trend, last RED candles before move upwards. - see Doji candlestick (1st candle- happens during London session) - see Engulfing two candlestick setup (2nd candle setup- during London/NY overlapping session) Only people that have capital and can move Forex markets are: hedge funds and big banks This is mostly called the manipulation phase or fakey area (going into wrong direction of trend of day) if you are scalping or day trading. Look for big swing moves on 1 hour, 4 hour or daily going wrong direction of major trend on chart, last candle going against trend is bankers candle. How To Trade: Make this part of your trading edge, strategy and/or plan 1) Set new trade on open of bankers candle excepting next candle to reverse back into major trend direction. 2) Set stop and targets (via ATR x 1.5)<- you can you tube video this concept for information. This is so that you do things same way over and over.
Education
by Anbat
2
Significant Candles (Find Them)This is where and when big banks and institutions, during large significant candles. They give you a lot of valuable information- that will help you in your trading. Per chart: yellow lines are high psychological price actions where large candles either range, with large bodies or price reacts when it hits them. I personally do not day trade outside of the times of Tokyo end to London end (12 hours), which is highest daily liquidity and volume times of Forex- other times scalp for 12.5 to 25 pips related to low liquidity and volume. Also, Monday and Fridays have lower liquidity and volume then Tuesday thru Thursday, so might do more scalping or short trades. Significant Candles happen: During The Right Pair During The Right Session At The Right Price At The Right Time + Large Ranging candles, With Large bodies and Price reacts to candle once it reaches it.
Education
by Anbat
4
Impact of Fed Unchanged Interest Rate and Gold PricesHere I tried to show the movement of the day when Fed announces its unchanged Interest Rate decisions during the last 6 times. As you can see, the gold prices had been quite volatile during the last Fed decision on June the 16th and shed 1.45%. Since then, the yellow metal has not been able to overcome the loss and is in the downward trend. Please note that this is shared for educational and informational purposes only and is not intended for financial decisions. If you like the idea, please like and comment :)
OANDA:XAUUSDEducation
by UnknownUnicorn621491
Profits & Stop Loss - Using ATR indicatorOn all pairs you trade you should know the daily ATR volatility and if scalping or day trading that time frames ATR too. The higher the daily ATR is the more volatile the pair, but easier I think to scalp or day trade with. Rules to use ATR indicator for stop loss are: 1) Find the candlestick or setup that you would like to trade from, (example: 1 hour candle bullish pin bar on GBPCHF chart)- ATR is 12 pips 2) then times it by 1.5, so total would be 18 pips for stop loss 3) this will cover both most volatility of price action and spread ( low or very little getting stopped out on trades) rules to use ATR indicator for profits are: 1) 1:1 risk reward would be 18 pips 2) 1:1.5 risk reward would be 27 pips 3) 1:2 risk reward world be 36 pips Note: All three profit targets are noted (by black ARROWS) on 1 hour example chart of GBPCHF I do not keep ATR on my charts, but just glance at it to set up both stop loss and profit targets and then delete it, this is so my other indicators can assist me after entering any new trades. This is one of the best indicators to use for stop losses and take profit targets, just manage your risk management and lot sizes. Note: I always let price action come to me and chase price action, so after one hour red candlestick (used for ATR), I let price action reverse into my buy order above price action at open of red pin bar candlestick used to get ATR. Please put into your trading using ATR for both stop loss and profit targets.
Education
by Anbat