Louis Jnr Book

More documents

Recommendations

Info

Trading tactics When we identify the trend, (uptrend or downtrend) and the level (support or resistance). And we find a pin bar near these levels in line with the direction of the trend. The second step is to know how to enter the market based on this candlestick pattern. According to my experience, there are different entry options when it comes to trading pin bars; it all depends on the candle anatomy, the market conditions, and your money management strategy. 1-The aggressive entry option: this method consists of entering the market immediately after the pin bar closes without waiting for a confirmation. This strategy will help you catch the move from the beginning, because sometimes the price goes higher after the close of the pin bar, and if you are not in the market, the trade will leave without you. See the example below: PAGE 126 OF 226
The chart above shows how an aggressive entry could help you to execute your trade in the right time without being left by the market. And as you see, we took this trade because we had three important elements: -The trend: The market was trending down, in this case we look for selling opportunities. The level: In this chart we had a support level that becomes resistance. The signal: A clear pin bar was formed after the retracement back to the resistance level. When you have these three elements in the market, you just place your trade after the close of the pin bar, and your stop loss above the long tail. your profit PAGE 127 OF 226
Page 1 and 2:
PAGE 1 OF 226
Page 3 and 4:
DTFX MARKETING PRODUCTIONS, SOUTH A
Page 5 and 6:
First Published: January 2019 For m
Page 7 and 8:
PREFACE FOREX MILLIONAIRE IN 365 DA
Page 9 and 10:
hearts desires and perpetual needs
Page 11 and 12:
own resurrection. As best as I can,
Page 13 and 14:
DIFFERENT WAYS TO TRADE FX Over the
Page 15 and 16:
We use fundamental analysis in the
Page 17 and 18:
3. PRACTICE The best way to get a f
Page 19 and 20:
your leverage ratio in accordance w
Page 21 and 22:
8. KEEP IT SLOW AND STEADY One key
Page 23 and 24:
TECHNICAL ANALYSIS WHY CANDLESTICKS
Page 25 and 26:
Using candlestick patterns will hel
Page 27 and 28:
Long bodies refer to strong buying
Page 29 and 30:
CANDLESTICK PATTERNS Candlestick pa
Page 31 and 32:
find in the market, in this chapter
Page 33 and 34:
When this pattern occurs at the end
Page 35 and 36:
The bullish engulfing bar pattern T
Page 37 and 38:
The example above shows us clearly
Page 39 and 40:
PAGE 39 OF 226
Page 41 and 42:
Remember always that a Doji indicat
Page 43 and 44:
In the chart above, the market was
Page 45 and 46:
The image above illustrates a perfe
Page 47 and 48:
As a trader, you will need addition
Page 49 and 50:
The chart above helps us identify t
Page 51 and 52:
But here, the Doji candle indicated
Page 53 and 54:
Right now, everything is going all
Page 55 and 56:
characterized by a long lower shado
Page 57 and 58:
created, you will be able to predic
Page 59 and 60:
When this candlestick forms near a
Page 61 and 62:
In the next chapters, i will talk a
Page 63 and 64:
As you see the smaller body is tota
Page 65 and 66:
ottom of a downtrend, sellers were
Page 67 and 68:
The tweezers top formation consists
Page 69 and 70:
The chart above shows us a tweezers
Page 71 and 72:
Let’s try to answer the questions
Page 73 and 74:
4: Bullish engulfing bar Please, i
Page 75 and 76: What the crowds are doing? Who is i
Page 77 and 78: The example above shows a bearish m
Page 79 and 80: But the question is what is the rig
Page 81 and 82: The illustration above shows a down
Page 83 and 84: Support and resistance are proven a
Page 85 and 86: By drawing a support level in an up
Page 87 and 88: Don’t use smaller time frame to d
Page 89 and 90: The Ranging Market Ranging markets
Page 91 and 92: But ranging markets tend to move ho
Page 93 and 94: As you can see, the market is movin
Page 95 and 96: The pullback is another chance to j
Page 97 and 98: find a lot of noise, you can’t ev
Page 99 and 100: Time frames and top down analysis A
Page 101 and 102: try to find a way to follow them on
Page 103 and 104: The second information is the rejec
Page 105 and 106: Look at what happened next: As you
Page 107 and 108: from this level which indicates tha
Page 109 and 110: The example above shows that counte
Page 111 and 112: The second aspect is the level: you
Page 113 and 114: The area between the open and close
Page 115 and 116: How to identify pin bar candlestick
Page 117 and 118: trying to put the probabilities of
Page 119 and 120: -The anatomy of a pin bar is import
Page 121 and 122: If you understand the psychology be
Page 123 and 124: The formation of the pin bar indica
Page 125: The 4-hour chart above illustrates
Page 129 and 130: entry method helps us decrease our
Page 131 and 132: The trend: it is one of the most im
Page 133 and 134: 1- The Trend: the market is trading
Page 135 and 136: trading setups to come to you, inst
Page 137 and 138: The second reason is the formation
Page 139 and 140: The same thing happens with the sec
Page 141 and 142: closes, or you wait for the market
Page 143 and 144: This is how professional traders tr
Page 145 and 146: What you have to do in this case is
Page 147 and 148: This reversal candlestick pattern c
Page 149 and 150: According to Steve Nison, the fathe
Page 151 and 152: The illustration above shows a clea
Page 153 and 154: Conversely, if prices test a resist
Page 155 and 156: Your ability to identify an engulfi
Page 157 and 158: Because you will get lot of false s
Page 159 and 160: How to trade the engulfing bar with
Page 161 and 162: In the example above, the engulfing
Page 163 and 164: By connecting the extreme highs, we
Page 165 and 166: One of the most difficult markets t
Page 167 and 168: ecause not all sideways markets are
Page 169 and 170: False breakouts are one of the most
Page 171 and 172: Pay more attention to the way the p
Page 173 and 174: If you can combine trading supply a
Page 175 and 176: As you can see all the conditions w
Page 177 and 178:
When you set your protective stop a
Page 179 and 180:
PAGE 179 OF 226
Page 181 and 182:
which is the opposite of the engulf
Page 183 and 184:
The inside bar can be traded succes
Page 185 and 186:
mother candle. Your profit target i
Page 187 and 188:
chart, you will notice that the sup
Page 189 and 190:
you will know that the safest entry
Page 191 and 192:
i recommend you to stick with tradi
Page 193 and 194:
Banks and financial institutions kn
Page 195 and 196:
PAGE 195 OF 226
Page 197 and 198:
This setup can be considered as a c
Page 199 and 200:
As illustrated above, big players h
Page 201 and 202:
how to use it in a simple and effic
Page 203 and 204:
Fibonacci tool can be used to trade
Page 205 and 206:
But if the market is ranging, you h
Page 207 and 208:
interesting about it, is that the r
Page 209 and 210:
The second signal was an engulfing
Page 211 and 212:
As you can see in the chart above,
Page 213 and 214:
trading 3 mini lots of CAD/USA, thi
Page 215 and 216:
The importance of a Stop loss All g
Page 217 and 218:
Because trading is all about emotio
Page 219 and 220:
You have everything you need here,
Page 221 and 222:
involved. I would make several chan
Page 223 and 224:
ABOUT THE AUTHOR Have you ever wond
Page 225 and 226:
youth from the previously disadvant
show all

Louis Jnr Book

Create successful ePaper yourself

Delete template?

Save as template?