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DescriptionTable Of Contents Chapter I: Introduction to candlesticks I.1. Understanding the candlestick chart________________________________________________3 Most traders focus purely on technical indicators and they don't realize how valuable the original candlesticks are. I.2. Candlestick patterns really work!___________________________________________________4 When a candlestick reversal pattern appears, you should exit position before it's too late! Chapter II: High profit candlestick patterns II.1. Bullish reversal patterns__________________________________________________________6 This category of candlestick patterns signals a potential trend reversal from bearish to bullish. II.2. Bullish continuation patterns______________________________________________________8 Bullish continuation patterns signal that the established trend will continue. II.3. Bearish reversal patterns_________________________________________________________9 This category of candlestick patterns signals a potential trend reversal from bullish to bearish. II.4. Bearish continuation patterns____________________________________________________11 This category of candlestick patterns signals a potential trend reversal from bullish to bearish. Chapter III: How to find out the market trend? __________________________________________________________________________________12 The Heiken Ashi indicator is a popular tool that helps to identify the trend. The disadvantage of this approach is that it does not include consolidation. Chapter IV: Simple scalping strategy IV.1. Wow, Lucky Spike!____________________________________________________________14 Everyone can learn it, use it, make money with it. There are traders who make a living trading just this pattern. IV.2. Take a profit now!_____________________________________________________________15 When to enter, where to place Stop Loss and when to exit. IV.3. Examples_____________________________________________________________________15 The next examples show you not only trend reversal signals, but the Lucky Spike concept helps you to identify when the correction is over and the main trend is going to recover. Chapter V: Candlesticks as a part of your own strategy __________________________________________________________________________________19 Profitable trading strategies are based on technical analysis mixed with candlestick patterns to produce consistent profits. Chapter VI: What's next... __________________________________________________________________________________21 We recommend you to add a strong weapon to your trading arsenal, the powerful tool used by professional traders and the most profitable price pattern ever found: The Divergence Pattern. Sharing Widget |