Hi, All!
I have been in this forum for a long time (around 4 years, to be exact) and I've benefited a lot from ForexFactory. Not only for the indicators downloaded to facilitate my trading on MT4 but also many insights I've read from many active posters.
From this week (I can not garantee to be on FF everyday, but to post some pictures per week is usually fine.), I would like to contribute a little to this community too.
I have tried many trading systems since my trading endeavour and finally I've decided to use candlestick patterns as my trading method. (Some others would like to call it Price Action, but in my own vocabulary, I would like just call it "candlestick patterns".) So in my chart, you can see that my only "indicator" is the candlestick chart (in some charts there is also a bollinger band but it is not involved into the decision-making process, only for indicative purpose). My trading decisions are made by the reading, recognization/identification, and understanding of these candlestick patterns. Sometimes the understanding is the key as the patterns could be quite deceptive. But all is based on the reading of these patterns.
It seems impossible to not rely on anything but the candlestick chart to trade. I was in doubt too at the beginning. I've spent a year or two on Pivotpoint and then on MACD, but it was only when I started to remove all these indicators from my chart that I started to be able to understand the market (at least this is what I believe )
Anyway, I am not trying to convince anyone to trade in this style. The most wonderful thing in trading is you have a range of the power of choice, isn't it?
What I would like to point is : My post involves a lot of discussions, which means many questions, not answers. And I am eager to learn from you all about candlestick patterns as I am still quite unexperienced in Forex trading. I suppose that good questions are half way of the problem-solving. And I've found that only by a serious discussion on one topic with a brain-storming way would give some good ideas to get the question answered.
I would like to start the discussion for two candles from the Post 2. (Actually two candles already give a lot of variations, I do not know if I could discuss them all )
yours,
Shunfengcn
I have been in this forum for a long time (around 4 years, to be exact) and I've benefited a lot from ForexFactory. Not only for the indicators downloaded to facilitate my trading on MT4 but also many insights I've read from many active posters.
From this week (I can not garantee to be on FF everyday, but to post some pictures per week is usually fine.), I would like to contribute a little to this community too.
I have tried many trading systems since my trading endeavour and finally I've decided to use candlestick patterns as my trading method. (Some others would like to call it Price Action, but in my own vocabulary, I would like just call it "candlestick patterns".) So in my chart, you can see that my only "indicator" is the candlestick chart (in some charts there is also a bollinger band but it is not involved into the decision-making process, only for indicative purpose). My trading decisions are made by the reading, recognization/identification, and understanding of these candlestick patterns. Sometimes the understanding is the key as the patterns could be quite deceptive. But all is based on the reading of these patterns.
It seems impossible to not rely on anything but the candlestick chart to trade. I was in doubt too at the beginning. I've spent a year or two on Pivotpoint and then on MACD, but it was only when I started to remove all these indicators from my chart that I started to be able to understand the market (at least this is what I believe )
Anyway, I am not trying to convince anyone to trade in this style. The most wonderful thing in trading is you have a range of the power of choice, isn't it?
What I would like to point is : My post involves a lot of discussions, which means many questions, not answers. And I am eager to learn from you all about candlestick patterns as I am still quite unexperienced in Forex trading. I suppose that good questions are half way of the problem-solving. And I've found that only by a serious discussion on one topic with a brain-storming way would give some good ideas to get the question answered.
I would like to start the discussion for two candles from the Post 2. (Actually two candles already give a lot of variations, I do not know if I could discuss them all )
yours,
Shunfengcn
The candle pattern is the signal, the inevitability behind it is the key.