MAGIC FOREX CANDLESTICKS - Your Trading Guide to Financial Freedom

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Table 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.

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MAGIC FOREX CANDLESTICKS - Your Trading Guide to Financial Freedom