You may or may not know that there
is a very simple formula to trading
the markets: Profit = P+V+M, where
your Profit is a function of the
market Price, Volume and Momentum.
This section shows you 2 particular
candlesticks which enable you to
assess the momentum in the market,
the lack of momentum and indecision
in the market.
The section also reveals a candle
pattern showing "Buyer / Seller
Rejection". Understanding this
candle pattern alone will enable you
to identify potential turning points
in the market. The stronger
this pattern, the greater the Buyer
/ Seller Rejection is likely to be
and the market will move in the opposite
direction. However it is
important to understand the Buyer /
Seller Rejection pattern because,
where is occurs as a "Multiple
Pattern" it means the Buyer / Seller
resistance / support is weakening
and the market is likely to continue
to move in the same direction.
You will see where the gradient of
the candlesticks to the Buyer /
Seller Rejection is contracting, you will see how it
means the resistance / support is
going to be aggressively tested.
Section 2 - Deals with Relative
Candlesticks
This section shows you how to
properly interpret candlestick
clusters, having regard to the
momentum candlesticks identified in
Section 1. You will learn how
to pay attention to the gradient of
the momentum move, and how it
will eventually come to an
end, to mark your exit target of
profit taking or position covering
point. You learn how to
identify when the momentum comes to
an end, there is a high chance
that the market will move in the
opposite direction.
Here's the real gem in this section!
Most traders are aware of the
candlestick "Engulfing Pattern" but
do not truly understand it.
When this is confused with a "Profit
Taking Pattern", it will force the
trader to place a low-winning
probability trade. To overcome
this, you need to know how to trade
the Profit Taking Pattern. It
has ONE criteria which separates it
from the Engulfing Pattern.
This section shows you how momentum
also acts as a suitable place to set
your stops loss, so as to prevent
being whipsawed out. You will
also see how you need to monitor the
length of the candlestick as a way
of determining whether momentum is
strong or slowing down.
Forex Candlesticks Made Easy
also addresses
another common error made by
traders, which is they see a good
time to enter when momentum is weak.
This is wrong. Weak momentum
should never be used as an entry point,
only as an exit point.
Section 3 - Significant Price
Formations
This section shows you how to apply
Sections 1 and 2 to trading
resistance / support levels.
You will learn how to spot
congruence in the candlesticks
around their resistance / support
levels, as a method of placing
high-winning probability trades.
This section will also give you 4
simple "Candle Reversal Patterns"
which are extremely reliable with a
70-80% chance that the price is
going to move in your favour.
What is really good about these 4
patterns is that they are usually
formed around resistance / support
levels. Here's the disclaimer:
If these 4 patterns occur in a trend
and NOT at the resistance / support
level, they do not mean anything.
However,
I can't say what these 4 patters are
due to copyright!
Section 4 - Deals with Explosive
Formations
This section gives you 2 patterns
which reveal the following:
Pattern 1 - This is a pattern
which shows the
build up of pressure and how to
position yourself for a break of the
pattern, and
Pattern 2 -
This is a pattern which shows how to
take hundreds of pips from any Forex
market in less then a week, with a
very high Risk / Reward ratio.
With regards to these 2 patterns you
will see that most traders trade the
pattern wrong, as they place their
buy /sell order 1-5 pips outside the
parameters in Pattern 1 and 2 to try
and "catch the explosive move".
Forex Candlesticks Made Easy
shows how you must
