Tuesday, April 21, 2009


You should notice this...


This is 1 of my candlestick technique...u dont have to use any indicator, just watch until price ended and then created new candlestick. The previous candlestick pattern sometimes can be guessed easily. I always use timeframe 1h for this technique...let me show u :




When price is at the high area...if u notice 1st and 2nd candlestick would be like image on the left here, actually price can go higher. Same like if price of the day at the bottom, if candlestick pattern like this then dont enter any order yet.







If price of the day usually on late afternoon or early evening go higher than open price..then 1st and 2nd candlestick pattern would be like image here, better u prepare for sell order. If price at the bottom, prepare for buy order. Vice versa.







1st candlestick...with head at the top (head = black line) then 2nd candlestick...lower than 1st candlestick. 3rd candlestick u can prepare sellstop order at the bottom, roughly 3-4pips below the lowest point on 2nd candlestick.




So...can u get it? See graph below...no.1 u should prepare sell stop...and no.2 buy stop. Both at 3rd candlestick. take profit around 5-15pips should be safe for you. Try and gain more pips!



















good luck~

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