Thread: Candlestick Trading

Where has everyone gone?

AUD/USD broke out of key 1.0380 resistance to pull back and find new support.

At new support a pin then inside bar was formed, I entered the break out of the inside bar.

Happy trading!

Originally Posted by thegreengoblin

I don't discount them by any means...but they have to be extremely obvious and confluent for me to trade them. I will generally only trade a counter-trend pin bar on the daily chart.

For example, the one you pointed out in gold was on the 4hr chart and it was very small.

I Like to see a counter pin bar form at a major support or resistance level, be larger than the surrounding price action, and have a close in my favor...meaning the close lower than the open if your shorting for example. I also like them on higher time frames rather than lower time frames.

Hi thegreengoblin

Sounds like you have spent some time with Nial Fuller. I too trade with price action!

Happy trading

Hi shafi! I cant found details about Candlestick Trading there! Could you send some useful link to learn about Candlestick and how it works in forex trade?

Hi Ericmick

Just look up price action.

Here is AUDUSD daily chart, as you see the pin bar at resistance, followed by 2 inside bars, price quickly dropped to support area and is currently breaking it.

Had you shorted at the break of pin, you could of closed out half you position at support area.

If you looking to get in, let price retest old support now new resistance, wait for PA for a short entry..

Cheers

Originally Posted by Ericmick

Hi shafi! I cant found details about Candlestick Trading there! Could you send some useful link to learn about Candlestick and how it works in forex trade?

Here is a DailyFX video on Candlestick Trading that you may find useful:
http://forexforums.dailyfx.com/daily...ormations.html (DailyFX: Trading with Candlestick Formations)

Let me know what you think.

Regards,

Greg

Hey

More PA, previous support now resistance with a pin.

Cheers

Originally Posted by tuyler

Hey

More PA, previous support now resistance with a pin.

Cheers

Hello tuyler, is this the Euro? What time frame is that? I see a long wicked candle 26 bars to the left of the low, why wouldn't you have taken that as a buy signal?

Hey Gregory

Sorry bout that, its the AUD/NZD DAILY

It was a short trade at resistance. Yesterday closed a PIN bar at old support now new resistance, its also a 50% retracement level.

Originally Posted by brad_1199

The daily chart of EURGBP is picking up steam leading into the end of the month bouncing from fibonacci, and I believe we will see a trend line over shoot while remaining in a longer term down trend...

Hee's the daily chart --->

sorry, but your analysis is not related with candlestick trading - its elliott

What is this? Price action based trading?

Candlestick Patterns Trading Opportunities Worth Noting in Real Time

Hello traders, this a list of notable candlestick patterns that are showing up on charts that may provide trading opportunities. You will have to pull of your own chart and do further due diligence.

candlestick trading is great

hi . i am new member and i trade with candlestich only .
i do not use any indicator.
if may be i share my statement here. and you tell me about misakes.
now i am trading with Demo account and this is my last month as i am trading demo .
i will share my statement in this month.
i hope you have profitable trades

Hi all.
This is my statement from yesterday to now .
result : + 381$ ( around 318 P) if every pip = 1 $

___________________________
Account balance = 63180 (Demo account. Deposit = 5000$)
______________________________
I did not sleep from 48 H ago and worked hard.
_________________________
yesterday i lost but today maked up.
____________________
be Happy all.