Louis Jnr Book

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This candle forms when sellers push the market lower after the open, but they get rejected by buyers so the market closes higher than the lowest price. See another example below: As you can see the market was trending down, the formation of the hammer (pin bar) was a significant reversal pattern. The long shadow represents the high buying pressure from this point. Sellers was trying to push the market lower, but in that level the buying power was more powerful than the selling pressure which results in a trend reversal. The most important to understand is the psychology behind the formation of this pattern, if you can understand how and why it was PAGE 56 OF 226
created, you will be able to predict the market direction with high accuracy. We will talk about how to trade this pattern and how to filter this signal in the next chapters. The shooting star (bearish pin bar) PAGE 57 OF 226
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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: characterized by a long lower shado
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
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from this level which indicates tha
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The example above shows that counte
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The second aspect is the level: you
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The area between the open and close
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How to identify pin bar candlestick
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trying to put the probabilities of
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-The anatomy of a pin bar is import
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If you understand the psychology be
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The formation of the pin bar indica
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The 4-hour chart above illustrates
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The chart above shows how an aggres
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entry method helps us decrease our
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The trend: it is one of the most im
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1- The Trend: the market is trading
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trading setups to come to you, inst
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The second reason is the formation
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The same thing happens with the sec
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closes, or you wait for the market
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This is how professional traders tr
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What you have to do in this case is
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This reversal candlestick pattern c
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According to Steve Nison, the fathe
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The illustration above shows a clea
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Conversely, if prices test a resist
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Your ability to identify an engulfi
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Because you will get lot of false s
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How to trade the engulfing bar with
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In the example above, the engulfing
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By connecting the extreme highs, we
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One of the most difficult markets t
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ecause not all sideways markets are
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False breakouts are one of the most
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Pay more attention to the way the p
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If you can combine trading supply a
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As you can see all the conditions w
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When you set your protective stop a
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which is the opposite of the engulf
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The inside bar can be traded succes
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mother candle. Your profit target i
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chart, you will notice that the sup
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you will know that the safest entry
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i recommend you to stick with tradi
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Banks and financial institutions kn
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This setup can be considered as a c
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As illustrated above, big players h
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how to use it in a simple and effic
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Fibonacci tool can be used to trade
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But if the market is ranging, you h
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interesting about it, is that the r
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The second signal was an engulfing
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As you can see in the chart above,
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trading 3 mini lots of CAD/USA, thi
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The importance of a Stop loss All g
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Because trading is all about emotio
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You have everything you need here,
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involved. I would make several chan
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ABOUT THE AUTHOR Have you ever wond
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youth from the previously disadvant
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Louis Jnr Book

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