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Thread: Price Action with candlestick pattern 1,2,3.

  1. #1
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    Price Action with candlestick pattern 1,2,3.

    This strategy is very simple and easy. :grin:

    Entry Rule : The price breakout position no.2
    SL : Position no.1
    TP : The distance position no.1 and no.2 added no.3 for minimum target.

    For more details please see the pictures below :

    BEARISH TREND.


    BULLISH TREND.

  2. #2
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    Re: Price Action with candlestick pattern 1,2,3.

    Hi, do we need to entry at level same with level 1 price? or maybe put pending stop with diferent exampla 10 pips ?
    Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics

  3. #3
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    Re: Price Action with candlestick pattern 1,2,3.

    @ghprod, the entry point is not at no.1 but after the price could break no.2... please see the picture.
    You can do pending order if you want. :dance2:

  4. #4
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    Re: Price Action with candlestick pattern 1,2,3.

    Whats time frame should we use with this candle pattern 1,2,3 trading strategy D1 or M5 (for longterm or for shorterm)
    And I loook this trading strategy are look like elliot wave trding strategy

  5. #5
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    Re: Price Action with candlestick pattern 1,2,3.

    @donnies. This strategy can be use at any timeframe and can be use for short or long term.
    Also this is different about elliot wave.

  6. #6
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    Re: Price Action with candlestick pattern 1,2,3.

    @fxsnipper, do you ever see that after breakout then price not continue this break but reverse again? how about that?
    its will hit SL right?
    Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics

  7. #7
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    Re: Price Action with candlestick pattern 1,2,3.

    @ghprod, not really like that. If the price change direction usually because of retracement.
    And if really retracement, usually is not strong enough to hit the SL.

  8. #8
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    Re: Price Action with candlestick pattern 1,2,3.

    This can also be combined with the fibo levels once we know the trend and helps in taking the position at the best level thus avoiding too much of floating loss.

  9. #9
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    Re: Price Action with candlestick pattern 1,2,3.

    @ashvini dude.
    Yes, if you are familiar with fibo, surely you can use it.

  10. #10
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    Re: Price Action with candlestick pattern 1,2,3.

    @ashvini : yes, this pattern can combine with SR area, or trendline too
    price action really help you to entry, like my fav PINBAR
    Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics

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