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Candlestick Analysis

Diferença entra Pinbats / How to get the good pinbarVamos, nesse vídeo, ensinar um SetUp que venho testando já há um bom tempo e gosto muito de operar, as PinBars (como alguns autores chamam) Tenho adaptado alguns alvos para diferentes tipos de pinbars e de acordo com a tendência. Nesse vídeo vamos diferenciar duas pinbars alinhadas ao Estocástico Lento (configurar de acordo com seu Time-Frame para refinar encontrar bem os topos e fundos) e cravando o alvo correto. -------------- We'll show in this video a Setup that I've been testing for a long time and i'm finding very attractive to operate, the PinBars. I've adapted some targets for each type of pinbar and following Trend. In this video we'll see the difference in two pinbars, both aligned with trends and Stho and finding the best target for them.
BMFBOVESPA:WINJ2019Education
by lucas.dantas821
AKAM: Dark Pools & Pro Traders Patterns Ahead of Earnings TodayAkamai Technologies Inc. reports earnings today with a solid start to a bottoming formation with Dark Pools' and then Pro traders’ footprints. The stock is currently at a completion level for the short term bottom. A Shift of Sentiment™ pattern formed between October and January. AKAM moved lower before finding the final low support from a previous Dark Pool Buy zone while Accumulation/Distribution indicators exposed the positive divergence. The pattern is a setup for a swing trade, not a position trade opportunity yet.
NASDAQ:AKAMEducation
by MarthaStokesCMT-TechniTrader
BTC current candlestick patterns: Morning star vs. Bull PennantHi all, I've been getting a few DM's and emails on what I think of the current price action. In past videos and written publications I have said that things got into extreme overbought territory on the shorter time frame charts. I mentioned that things could trade sideways and be a little choppy for a few days while momentum rolls back to neutral territory. If the bulls step up you'll see reactivation of the trend as momentum neutralizes before the next push. I wanted to put out a quick educational content on two candlestick patterns and how to handle them. On the daily chart you can see a risk of Bitcoin forming a bearish morningstar reversal. However, on the 2 hour you can see a Bull Flag. So which is it? Are the bulls or bears winning? Classical Chart Patterns: 1. Morning star Pattern - this can be a bull or bear reversal pattern. The current situation is perfectly setup for a reversal if the bears capitalize. It's a 3 candle chart pattern, which I have highlighted below. #1 - You have a bull impulse candle, followed by #2 a doji and then 3rd candle has to break below more than 50% of the bull candle #1. The doji candle looks like a star in this case and signals that the market has uncertainty where it's going as momentum is neutral. So the morning star reversal is confirmed if BTC were to break below the level I have highlighted in the chart. Which happens to be our buy zone. Now of course worst case scenario is that you put your stop loss just under this level and the market reverses only to stop you out and reverses back to a bull. This is where you need to pick a side and accept the fact that you maybe wrong and manage your capital losses. I'm keeping my stop at $3300 for now until I see further breakdowns below the market mainly because I can afford to take such a loss (less than 2% draw down on my portfolio). However you need to do the math and figure out what is the maximum hit you can handle without going over 2% draw down. Depending on your trade size maybe you can afford to keep your stop in safe territory with me because you didn't take on too much risk or you might have to keep it around that $3,500 level. Do the math and figure it out. 2. Bull Pennant Many of you already know the Bull Flag and Pennant pattern here. On the BTC 2 hour chart frame you can see this bull pennant forming. Ideally BTC is supported at $3,600. The way you measure the profit zone on such a pattern is measuring the length of the flag pole and then adding that back on top of the flag. This puts us right at $4,000. Bear flags you do the reverse. Please do your own research and google these patterns and more to build out your knowledge base as a technical trader. Regards, Bobby
COINBASE:BTCUSDEducation
by UnknownUnicorn1615160
3
Judas Swing $XBT The Judas swing term was named by ICT, he dubbed this swing concept and utilizes it upon the London Open. The idea is, the market makers will rally or sell price, normally just above or below the Asian session high or low (depending on institutional order flow bias) tricking buyers or sellers into the market to follow its direction. As the Judas swing high or low is formed, price is quickly reversed either taking out stops and or leaving traders out of the game. Judas swings can be seen on high and low time frames, though if you are an intra day trader, once higher time frame objective levels are in place and you have your directional bias in tow, you will be looking for the Judas swing to occur on a 15 minute chart time frame. You can also see the Judas swing develop on a 1 hour chart, though the 15 minute chart will show its intension a bit more clearly, when you know what you are looking for.
BITMEX:BTCUSD.PEducation
by transitory
7
Bitcoin Judas SwingThe Judas swing term was named by ICT, he dubbed this swing concept and utilizes it upon the London Open. The idea is, the market makers will rally or sell price, normally just above or below the Asian session high or low (depending on institutional order flow bias) tricking buyers or sellers into the market to follow its direction. As the Judas swing high or low is formed, price is quickly reversed either taking out stops and or leaving traders out of the game. Judas swings can be seen on high and low time frames, though if you are an intra day trader, once higher time frame objective levels are in place and you have your directional bias in tow, you will be looking for the Judas swing to occur on a 15 minute chart time frame. You can also see the Judas swing develop on a 1 hour chart, though the 15 minute chart will show its intension a bit more clearly, when you know what you are looking for.
BITMEX:BTCUSD.PEducation
by transitory
TRADE TRIGGERS - WHAT ARE THEY? / VIDEO / 10 MINUTES LONGHey TradingView - In this video I cover the concept of trade triggers and what actually gets us into the markets. Specifically I try to illustrate the point that I keep making over and over: >> GOOD TRADERS WILL SPOT THE SAME TRADE AROUND THE SAME AREA. WHERE THEY EXACTLY GET IN AND WHY WILL BE DIFFERENT << So I will show you a little bit of what I use to read the charts when it comes to picking an entry, as well as go over how you might use some of the more popular indicators to do the same - EMAs and Bollinger Bands specifically. REMEMBER - your entry is NOWHERE near as important as your exit. I hope this video is helpful. If it is, please kindly drop a like. As always, questions both in the comments and in DMs are always, always welcome.
BITFINEX:BTCUSDEducation
by ImreSG
9
Education post 13/100 – How to trade doji candlestick pattern?– A Doji is a small bodied Japanese candlestick pattern whose opening and closing are at the same or nearly the same price. – A Doji is usually part of common Japanese candlestick reversal patterns like the bullish Morning Star and bearish Evening star patterns – Because Dojis are found in a large number of reversal patterns, traders automatically think that the single doji is a reversal candlestick. But in fact, the doji by itself represents indecision in the marketplace. – A Doji breakout setup provides an excellent risk to reward opportunity for forex traders. The lowly doji is very unassuming in appearance. Typically, it looks like a plus sign but can appear as a capital “T” in the Dragonfly doji pattern or the shape of a nail in the Gravestone Doji. We are going to be discussing the first two types of dojis found in the “cheat sheet” above. These small candles can lead to large breakouts that either continue trends or reverses them. We are going to look at the way to trade these power packed price patterns with limited risk for maximum potential gain Typical candlesticks consist of a body that may be one of two colors; blue or red. A candle is blue if buyers were able to push prices above the opening price and were able to hold it until the close of the candle. A candle is red or bearish is sellers were able to push prices below the opening price and hold it there until the close. On the other hand, the doji candles have no color. The doji and long-legged doji illustrate the battle between buyers and sellers that ended in a tie. The opening price and closing price are in the same place as bulls were unable to close prices higher and bears were unable to close prices lower. How to Trade the Doji Breakout Ideally, you want to find a doji that has formed near a level of support like a trend line. You want to identify the doji high and the doji low as this will determine the support and resistance levels of a potential breakout.
Education
by GroundStoneHoldings
Learn and earn Inverted Hammer Japanese Candlestick The Inverted Hammer candlestick is a bullish reversal candlestick pattern. It occurs at the bottom of a Bitcoin downward trend. Inverted hammer candlestick occurs at the bottom of a downtrend and indicates the possibility of reversal of the downward Bitcoin price trend. Technical Analysis of Inverted Hammer Candlestick A buy signal generated using the inverted hammer candlestick pattern is confirmed when another candlestick is formed and this new candlestick closes above the neckline, this is the opening of the candlestick on the left side of this hammer candlestick as shown above. The neckline in this case is a resistance level. If the candlestick formed next to the hammer candlestick does not close above the neck line, then as a trader you wait to see if the subsequent candlestick closes above the neck line. Only when a candlestick that closes above the neckline is formed is when this bullish reversal pattern is confirmed. Stop loss orders for the buy trade that has been opened should be placed a few pips below the lowest price on the recent low. An inverted hammer candlestick is named so because it signifies that the market price is hammering out a bottom. Read More tradebitcointrading.com Check Our analysis and Signals We ask Allah reconcile and repay
Education
by HamadaMark
4
Education post 3/100 – How to trade inside bar?What is an Inside Bar ? The inside bar is a two bar candlestick pattern, which indicates price consolidation. In order to confirm this pattern you need to see a candle on the chart, which is fully contained within the previous bar. In this manner, the inside bar candle should have a higher low and a lower high than the previous candle on the chart. The Inside Bar is fairly easy to spot on the chart, but using an Inside Bar indicator can assist the trader in quickly finding these patterns on their price chart as well.  Psychology behind the Inside Bar Since the inside candle has a lower high and a higher low than the previous candlestick on the chart, this indicates that the currency pair is consolidating. Why is it consolidating? It is consolidating because the bulls cannot manage to create a higher high and at the same time the bears fail to create a lower low. As such, there is not sufficient buying or selling pressure to break the previous bar’s high or low. Entering an Inside Bar Trade When the price action completes an inside candle on the chart, you should mark the low and high of the Inside Bar consolidation range. These two levels are used to trigger of a potential trade. Remember, the inside candle clues us in to the eventual breakout and likelihood of a continuation outside the range in the direction the break, however, it doesn’t give us information about the direction of the breakout through the range, prior to the actual move. In simple terms, if the price action interrupts the range upwards, then you should go long. If the price action breaks the range downwards, then you should trade the short side. Stop Loss when Trading Inside Bars The usage of a stop loss order is recommended for any Forex trading strategy. The inside bar trading system is no different. You should always put a stop loss when trading inside candles. But where? The proper location of your stop loss is slightly beyond the inside candle’s top, or bottom, depending on the direction of the break. In other words, if the inside range gets broken upwards, you can buy the Forex pair and place a stop loss order right below the lower candlewick of the inside candle. The same is in force for bearish breakout of the inside range, but in the opposite direction. In this case you could sell the Forex pair and you put a stop loss right above the upper candlewick of the inside bar. Take Profit on Inside Bar Setup Projecting the potential move with Inside Bar Breakouts can be challenging. Often Inside Bar trades can lead to a prolonged impulse move after the breakout, so employing a trailing stop after price has moved in your favor is a smart trade management strategy. Along with this, I typically like to use a fixed Take Profit target at 1.5:1 or 2:1 reward to risk ratio to scale out of inside bars trades. In this manner, if the stop loss is 80 pips from the entry, then the minimum target would be located at 120 pips distance. Let’s take a closer look at the inside bar pattern on the Forex chart upside.
Education
by GroundStoneHoldings
Morning Star Candlestick Pattern EducationMorning star candlestick patterns can be strong reversal signs, but need to be traded safely as they are not always reliable, try to only use them at areas that are likely to be a “bottom” of a trend. They consist of the first candle being bearish and large bodied, the second candle being a doji, usually tiny with a two distinct wicks and the 3rd candle being bullish, large bodied and surpassing 50% of the value of the first candle. A shooting star is the oppiosite of a Morning Star. I will be posting excerpts from a new in depth crypto trading guide every week on my discord: www.invite.gg
COINBASE:BTCUSDEducation
by Wolf_Of_Amsterdam
Education post 1/100 - How to trade pin bars?The Pin Bar Setup I bet you have seen many pin bars on your Forex charts. Maybe you haven’t been aware that you are looking at a pin bar formation, but you most likely have come across this candle on the chart Bullish Pin Bar A valid, tradeable bullish pin bar is located at the end of a bearish trend and its lower candle wick goes below the overall price action. If you spot a bullish pin bar setup on the chart, this will setup a nice opportunity for a long position. Bearish Pin Bar The same is true for bearish pin bars but in the opposite direction. The bearish pin bar is located at the end of a bullish trend and its longer candle wick is the upper area. In this manner, the longer wick is sticking out above the price action. The bearish pin bar is usually a good sign of an upcoming price reversal in the bearish direction.
Education
by GroundStoneHoldings
Trend Reversal Alerts Strategy in DepthThis idea based on one of the simplest trading strategies in the world Trend-Reversal-Alerts-Strategy that I shared recently. Now I want to spread few words about how you should make it perform better with help of buy and sell resistance and I will show you the exact methods. But first, if you still not sure how this strategy tester is actually work you should definitely read this: TradingView Blog: EN/new-features-improvements-strategy-backtesting RU/new-features-improvements-strategy-backtesting Also I want to recommend an article that I googled. It examine in depth and gives a perfomance summary on every single subject: tradingview-strategy-tester-performance-summary According to Buy/Sell Resistance. When new candle created with assigned Open value, Resistance = 0. In the second Close start moving it changes so called Resistance of that candle. It could be negative or positive. So by setting resistance you can tell this script to enter/close your trades only when Buy/Sell Resistance values are greater or equal than your settings values. * You should tweak it only after all strategy tester options are ready. Very important! I do it in a simple way : open settings -> Buy Resistance = 1 -> Sell Resistance = -1 -> then if nothing change -> Buy Resistance = 1.5 -> Sell Resistance = -1.5; otherwise -> Buy Resistance = 0.5 -> Sell Resistance = -0.5 and so on... * This is very important to do to eliminate in the future "resitance issues" - when you can't enter/close trades because of your resistance settings. That is all for now. Take care and bye bye!
SP:SPXEducation
by sequentialvzion
BTCUSDT- Price Action Strategy I: Bullish HammersHi guys, I would like to start sharing some educational charts concerning price action strategies, something I feel that is often overlooked by a lot of traders on here. While a lot of indicators can be cool and give you confidence in your trades, oftentimes they are quite ambiguous in nature, leading to some questionable trades at times. Not only that, but it's often times hard to make consistent trades based off of indicators; if you hope to employ a consistent trading strategy, how can you do that through indicators? What constant exists that allows for consistent results? Unfortunately, there isn't one. By following many indicators, you have no defined rules for trade entries, stop losses, or take profits. You're just hoping that you may win big with each trade, and hoping you lose small. While winning big is certainly plausible, losing big is just as, and if not, MORE plausible using this sort of strategy. Wouldn't you like to be able to set a consistent strategy up for yourself where you risk no more than X amount of money per trade, while being able to win at least X amount of money per trade? Enter price action trading strategies. Price action strategies are often quite simple, although they can sometimes be complex- the premise of trading based on price action is seeking out particular candle shapes that have been historically shown to result in a favorable outcome more often than not. Some common trade signal candles you may see are the bullish hammer, the hanging man, the inside bar, the inverted hammer, the bullish/bearish engulf, etc. The more familiar you become with these candlestick shapes, the easier it becomes for you to start executing certain trade set ups. Now it can be quite overwhelming to learn all of these candle shapes, but under the "Indicators" section of your chart, you can find a script set up by author JustUncleL called "Price Action Candles v0.3". He has done a wonderful job capturing many of the relevant candle shapes you may want to employ in your trading strategies. What I would suggest is to use this script in conjunction with some chart back testing, that way you can start making some notes about what does and doesn't work, and try to get a feel for the rate of consistency. I know sometimes it seems like patterns do whatever they please, but the more you begin to understand the variability of one particular pattern, the more you understand how to act during these trades. Within this idea I'm posting here today, I have decided to include three potential scenarios involving the bullish hammer candle shape. The reason trading price action candles is powerful is because of the consistent set ups you can do with them. They typically involve a fixed entry point and stop loss, which in turn allows for consistent strategies. I find that fibonacci structures and Elliot waves complement this very well, because it helps you confirm the possibility of the trade being successful or not. To trade the bullish hammer, your standard set up will be as follows: 1) Set your entry just above the top of the hammer. The logic used here is that this is confirmation of a continuation in bullish momentum. If subsequent candles are to fail to break above the hammer, then you may ascertain that it is potentially a fake out. With price action, it is important to set your entries at some point above the close of the candle shape in question, but never at the exact level; doing so is the easiest way to get trapped in a poor trade set up. 2) Set your stop loss at some point just below the "handle", or wick of the hammer. The logic we may use is that a hammer is considered to be a strong bullish reversal signal, so if price were to fall below the handle, then our trade set up is invalidated. The stop loss will thus allow you to continue to follow the trend, rather than trade against it. 3) You can set your take profit at wherever you desire as per your risk management strategies, but my advice is to set it at a distance that is equal to or twice as large as the distance of your stop loss from your entry. So if you were to set a 2% stop loss, your take profit point would ideally be AT LEAST 2%, but most favorably 4%. As long as your reward exceeds your risk, you set yourself up for a growing portfolio. Non-traditional bullish hammer set up: 1) This is where other tools such as Fibonaccis, Elliot waves, Support/Resistance, triangles, and structures will come in handy. There are often times instances where the standard set up will result in getting stopped out. If you find that the trend is a bit shaky at the moment, or appears to want to show continued bearish momentum, you will want to follow the same set up as a standard set up, but the timing of your entry will differ. 2) For whatever reason you may be weary about entering a trade based on a bullish hammer, you can choose to wait for price to pull back to a point BELOW the "handle" first, and THEN create your trade set up. This may be a common set up whenever your bullish hammer has just broken out of a triangle pattern, which 9 out of 10 times will pull back before rallying. Other instances may be during retesting of structures, supports, or Elliot retracement waves. This is one of the reasons why such trading strategies require extensive back testing before being executed in real time, so that you may begin you really get a feel for the situational applications. Below is an example. Bullish Hammer Set-Up With Entry After Pull-Back: Invalidated bullish hammer set up: 1) So let's say that you've just set up a non-traditional bullish hammer trade. You waited for the pull back, and you entered accordingly. You ultimately have found that despite these efforts, your trade has failed. This again will play into the environment surrounding the price action. 2) In this particular example seen below, the price had just started consolidating following a massively impulsive down wave. For those familiar with Elliot waves, we know that this area of consolidation was our II wave, which we could have expected to pull back to the .618 region; unfortunately, it didn't pull back that far, and had it done so, our bullish hammer set up might have been validated. Unfortunately, plans do not always play out accordingly, and this ties into the fact that it's absolutely crucial to really back test these ideas and make sure they work well for you in a live setting. 3) This example trade I've included below is also a very good example of how we choose to minimize downside risk. Yes, we lost, but as long as your are always aware of the trend, losses may only be temporary, because they do nothing more than prepare us for massive wins that will make up for our losses with ease. It's most important to be weary once a trade fails, however, as too many failed trades defeats the purpose. Oftentimes, one or two failed trades will be enough to start giving you an idea of what you need to do to make big gains. Remember to stick out your trades, and don't let emotions get the best of you. Consider your loss as a learning experience, and study it so you know what to avoid in the future. Invalidated Bullish Hammer Set-Up: Well there you have it, guys! I hope to do quite a few more of these over the coming weeks, I really believe it will help people in their daily trading efforts. Have a great day!
Education
by NickPadovani
2
Real Price vs Heikin Ashi PriceHi! This is just a quick study for my own curiosity. It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable. Some interesting observations: Long-term average difference between real world closing and HA closing ranges from 1 - 4 pips. There are intermittent spikes of up to 10 - 12 pips. These happen fairly infrequently (depending on the time frame being viewed). On average, HA prices are closer than I thought to real world prices. I would have expected an average greater than 1 - 4 pips. Spikes in difference often signify important points. Primarily they seem to signify new or continued trend activity in the relevant direction, but sometimes they can indicate tops or bottoms. Could be interesting to try and build a strategy around it. I'm not sure if I'll publish the Real Price indicator (it's literally just a few lines of code), but let me know if you want a copy of it. Cheers, DreamsDefined
Education
by DreamsDefined
3