an uptrend. With Price action trading, you are risking less with the potential to make more and thats the beauty of price action trading. Making your winners larger than your losing trades Trading only in larger timeframes Waiting patiently for the right trade setups and not chasing trades. Another notable feature of spinning tops is that the wicks on both sides should be almost the same length. You can use it on multiple currency pairs with the special mt4 indicators that I will give you, already loaded onto a color-coded template. When it forms in a downtrend or at support levels, you should take notethis is a very high probability bullish reversal candlestick pattern and you should be looking to go long (buy). Or if you see a shooting start bearish candlestick in the 1hr timeframe, what do you think would be the candlestick pattern in the two-30minute candlesticks that gave that 1hr candlestick a shooting star?
How to install your robot (EA) on your MT4 platform (with a video). You can also see the bearish spinning top candlestick which could have been used as a signal to go short (sell). To show divergence with price. "Cynthia's Trading Systems are trade-by-color, with supporting color-coded indicators. .
Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Look for reversal candlesticks to buy or sell when you see such setups happening. Thank you, Jeff Hello Cynthia, I purchased your system over the weekend and started using it Monday. . I often see that such breakout of extremely long candlesticks are not sustainable and price will often tend to reverse after such candlesticks as can be seen by the chart above notice that after the breakout candlestick, there was one bearish green pin bar and. Structure of An Uptrend (Bull) Market With an uptrend market, prices will be making higher highs (HH) and Higher Lows (HL see chart below for clarity: Structure of A Downtrend (Bear) Market Prices will be making Lower Highs (LH) and Lower Lows (LL). Why do I do that? Or what if the marketing is going down then what does that tell you about the demand and supply then? Because they believe everything is already discounted for in the market price. Triple tops when found in an uptrend, it signals the end of the uptrend when the neckline is broken and price heads down. See chart below for this: if you see a support major support level and price is heading down to it and at the same time, that support level is coinciding with an upward trendline What does this mean? For example: I see a sell setup on my chart but because Ive read the analysts report that says he is bullish on this currency pair because of this and that reason, I hesitate to pull the trigger. As always, I should remind you that to use this setup successfully you should have basic knowledge about Support and Resistance, Supply and Demand, Price Action / Candlesticks formations.
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