Consecutive Candles with Stochastic ... - Forex MT4 Indicators

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VOLUME is my number one favorite indicator. If there is no volume in the market then there is no liquidity. A trader needs be able to easily flow in and out of the market. If movement exists on an exchanges' 1-minute chart then there is volume flow. MACD (Moving Average Convergence Divergence) is my next favorite indicator. In my trading class I refer to the MACD lines as a "fast dolphin" and "slow dolphin" diving in and out of the ocean surface. The position of one "dolphin" over the other, whether above Sea Level ( 0 ) or below Sea Level ( 0 ) is an indication of where the price is headed. SMAX: My third favorite indicator is the Simple Moving Average Cross; MA or SMA or SMAX. From my days in Forex I happened upon a trading strategy called the Rule of 9. The Rule of 9 claimed to be able to foretell a turn in the market by the consecutive occurrence of the sum of the daily high minus the daily low. Without going into the meat & potatoes of the exact formula, I discovered a couple of young men duplicated this theory by using the Simple Moving Averages of 8 & 10 and waiting for the crossing points. How to read the 8 / 10 SMA: When the candlestick is riding on top of the 8 MA then the price activity is in an uptrend. When the candle pulls up and away from the 8 MA then a reversal might be around the corner? When the candle of an uptrend closes BELOW the 8 MA, this could indicate a reversal in the trend. When the candles (plural) consecutively close below the 8 MA AND the 10 MA has crossed below the 8 MA then a reversal is more than likely occurring. The same can be said for a downtrend. As long as the candlestick is touching the 8 MA then the trend will continue, but as soon as the candle pulls away from the 8 MA a reversal could be around the corner. When these indicators are combined (MACD & 8 / 10 SMA) extremely strong indicators exist to help you determine Entry & Exit points to produce more successful trades. Every one of these indicators can be back-tested on Binance Advanced Charts for competency. These indicators work with potent accuracy on all Time Frames for any particular coin. MACD continued: When the "dolphins" are below the Sea Level or the MACD Level of "0" then a Bearish Market is the "sentiment" of the market. When the dolphins are above the Sea Level then a Bullish sentiment exists in the market. When these "dolphin paths" are exceedingly high or exceedingly low then a reversal is imminent. FOR "TRUE SENTIMENT" OF THE OVERALL MARKET, CLICK OUT TO BROADER TIME FRAMES SUCH AS THE ONE DAY AND ONE WEEK CHARTS. The overall "sentiment" of the market can be better understood by "stepping back" and looking a the "big picture". TREND LINES also play in integral part of a price reversal. A trend line is another strong indicator to use in conjunction with the 8 / 10 SMA and the MACD. CANDLESTICK identification can also aid you in identifying a reversal. Investopedia offers a nice description of candlestick identities and what market sentiment each candlestick usually implies. I've studied Charles Dow Theory, Elliott Wave Theory, Ted Warren's Manipulation Theory, W.D. Gann Theory, Munehisa Homma and I've studied Leonardo Fibonacci. These are each interesting reads, but none has clearly helped me identify a trend reversal like the aforementioned indicators have helped me identify trend reversals. Binance offers each of these tools for the trader's use. Thank you for your comments, questions and credits to this post. Chart Analyst
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Learn FOREX - 3 Inside up and 3 Inside Down candlestick ... The Best Candlestick Patterns to Profit in Forex and ... The Forex Candlestick Count Confluence Trading Method How to Trade Candlestick Patterns Successfully! 📈 - YouTube Forex Beginner Course Part 3 - Candlestick Trading - YouTube

It consists of three consecutive bearish candlesticks. The bodies of the second and the third candlestick should be approximately the same size – if the third candlestick is visibly smaller than the preceding two candles, this means that the sellers are not completely in control and may indicate weakness among the sellers. They have small or no lower wicks. 1 A three crows reversal pattern ... Example 1 of the multi-candle system: 1/10 2/30 3/60 4/7 5 / True 6 / False This setting causes the system to wait 7 consecutive bullish or bearish candles to open a counter-meaning trade to the 8th candle. If this 8th candle also closes in the same direction as the previous 7 candles, the system does not open a new position at the opening of the 9th candle. * * Having already opened a ... The Daily Chart 3 Candlestick Forex Trading Strategy is a trading system you can use to trade trend reversals. If a market has been trending down for a time, identifying the 3 daily candlesticks that form this pattern, you can enter into a buy trade potentially at the bottom where price starts turning. Similarly, but on the opposite, you can do the same for a sell trade setup situations. With ... Tri-Star: A type of candlestick pattern that signals a reversal in the current trend. This pattern is formed when three consecutive doji candlesticks appear at the end of a prolonged trend. The ... The final thing, By now I’m assuming that you have a fundamental understanding of Timeframes and Candlesticks. You understand what it means when a candlestick is either blue or red and what it means when it has a long body, or a long wick or a small body and small wick, or any variations above. So with that said, let’s share the 3 most common & easy to spot candlestick patterns that are ... Consecutive Candles with Stochastic Filter MT4 Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. Consecutive Candles with Stochastic Filter MT4 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. The three black crows pattern occurs when bears overtake the bulls during three consecutive trading sessions. Forex Candlestick Patterns. How do you trade 3 black crows?-Forex Candlestick Patterns . First, there should be a prevailing uptrend in progress. Second, there must be three long and bearish (i.e., black or red) candlesticks in a row. Third, each of those candles must open below the ...

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Learn FOREX - 3 Inside up and 3 Inside Down candlestick ...

Watch on our website: https://www.tradeciety.com/forex-beginner-course-part3/ Watch part 1:https://www.tradeciety.com/forex-beginner-course/ Watch part 2:ht... Tap to unmute. If playback doesn't begin shortly, try restarting your device. Up Next. Cancel. Autoplay is paused. You're signed out. Videos you watch may be added to the TV's watch history and ... #forex #forexlifestyle #forextrader Want to join my VIP group? Get my signals, education, and live chat! Link to join: https://tradernickfx.com/ // SOCIAL FR... The Best Candlestick Patterns to Profit in Forex and binary - For Beginners trading forex, forex strategy, forex,Online Trading Strategy #Candlestick_Pattern... The candlestick count confluence trade method is a great way to add the probability of a successful trade at a supply/demand zone or support/resistance level. Not only do I explain how this method ...

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