What Is The Marubozu Candlestick ... - Honest Forex Reviews

How to be profitable in Forex: High-probability trading.

Hello guys,
I see a lot of posts here either of new traders or non-profitable traders. Some people here even believe trading is gambling and it is impossible to be constantly profitable. I have been trading forex for a few years now and I have fallen into every trap you could imagine: Overtrading, too many indicators, no backtesting, anger trades, etc.. burned a few accounts and finally managed to be constantly profitable on a large period of time. That is why I decided to make a very quick guide on how I think everyone can achieve profitability.
High-probability trading is a very simple concept: Only take trades when stars align. I'd recommend focusing on a very few setups that have proven to be profitable, and to not trade if the setup isn't perfect. If you think there is a slight chance you could lose a trade, then do not take it. The most important rule is to have 100% confidence in your trades, so you are not disappointed when you lose one because you know you followed your guidances.
I am a full-time trader. I mostly look at the 5-minutes, 15-minutes, and 1-hour charts, and I watch all major currency pairs 10 hours a day. You'd assume I take a lot of trades because so many setups form each day, well I do not. I take 2 to 3 trades a week for a duration of 1 to 4 hours per trade. But because these trades are more likely to be profitable, I have a good monthly return.
Now we all have our own strategy and I'm not here to review yours. Just think of how you could make your strategy a high-probability one. If you take a trade at each trading session and you have less than 65% of winning rate, then you can certainly improve your guidances. Here are the two most important rules you must follow:
- Always trade with the trend on all your timeframes, and at least a higher one. If I take a trade on the 5-minutes, 15-minutes and 1-hour charts, I want to make sure I'm with the 5-minutes, 15-minutes, 1-hour and 4-hour trends. A 200-periods exponential moving average on each timeframe should do the trick to ensure that.
- Confluence. This is for me the most profitable rule of trading. Confluence is when you have two or more levels coming together and therefore making a confluence point. For example, if you are trading the retest of a bullish trendline on the 1-hour chart, a confluence point could be where the price: retests the 1-hour bull trendline, breaks the 15-minutes bear trendline, retests the 1-hour 50-period EMA, breaks the 15-minutes 50-period EMA with a bullish marubozu candlestick, with an RSI bullish divergence at an oversold level, and a retest of a support. Now this would be a crazy setup, but even when a few stars align in a confluence point the trade is high-probability.
Thank you for reading.
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What candlestick patterns do you see in this uptrend logo? How would you make it better, more expressive?

What candlestick patterns do you see in this uptrend logo? How would you make it better, more expressive? submitted by zelciux to CryptoMarkets [link] [comments]

Marubozu Candlestick Pattern best for intraday trading ... Forex Trading ~ How To Trade Price Action Marubozu ... Candlestick Mastery Course Seri 7: Marubozu (Forex) - YouTube Marubozu candlestick pattern - How to Trade with this ... Find Forex Candlestick Patterns Instantly With This One MT4 Indicator Marubozu Candlestick In Forex Marubozu Price Action Forex Trading Strategy  Best Candlestick Pattern Tutorial in Hindi and Urdu

Marubozu Candlestick Pattern. Twenty Fourth session of Forex Training. Welcome to Forex professional training in financial markets.. In this session long candle, Marubozu candlestick pattern, Three Black Crows and Three White Soldiers candles will be discussed. Marubozu or Long candle One way to implement Marubozu for a forex trading strategy is to use it with momentum oscillators like the RSI and Stochastics. Marubozu candlestick pattern buy strategy. Find the pattern in an uptrend or downtrend (in case of a reversal). Wait for the price bar to go bullish before entering. Enter the trade at the candle next to Marubozu. Set a stop-loss near the pattern’s recent low. Exit ... The word marubozu means "bald head" or "shaved head" in Japanese, and this is reflected in the candlestick's lack of wicks. When you see a Marubozu candlestick, the fact that there are no wicks tells you that the session opened at the high price of the day and closed at the low price of the day. In a bullish Marubozu, the buyers maintained control of the price throughout the day, from the ... double marubozu is a technique that relies on sequential engulfing 2 to be a strong reference to supply or demand, I also use this technique to mark supply and demand. yes this technique has a fairly high accuracy and I will entry if the price returns to that area, here's an example of my mapping. A marubozu candlestick gives specific insight into the buying and selling activity during the period it covers. ... Both rectangles and price channels appear in virtually all forex charts. Price channels can provide... Triangle Chart Patterns and How to Trade Them Triangles mark price consolidation. In this article I'll show simple methods to trade them by predicting... Trading the Hammer ... We hope that you have enjoyed the above article explaining the Marubozu Candlestick Pattern and how to trade with it. Be with us to explore forex trading, stocks trading, and other money-making opportunities. Leave us some comments if you have any questions or doubts about the above topic, we will be happy to help you. Market Data by TradingView Economic Calendar by TradingView Commodities, Bonds and Forex by TradingView Forex Rates by TradingView Forex Heat Map by TradingView Forex Screener by TradingView

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Marubozu Candlestick Pattern best for intraday trading ...

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