It is clear that our simple method is generating promising results on this first example. Thereafter the best course will be to increase leverage, and double our deposit everytime we are able to triple the size of our account by successful and profitable trades. A strong trend in place, then shorter frequency lower highs develop against the trend — creating a counter-trend, trend-line. Very easy also to spot with your eye! The thicker body demonstrates more strength and authority as a reversal signal in the rejection candle anatomy.
The ‘Indecision Doji’ Candle Breakout Trading Strategy
Your chances of success increase significantly if you go long the first buy signal issued in a bullish trend, or otherwise go short the first sell signal issued in a bearish trend. In uptrends, it's recommended to place your stop-loss below key support levels.
In downtrends, it's recommended to place your stop-loss above key resistance levels. Long entry at 1. Stop below support at 1. Target of 45 pips at 1. What's moving in the markets? Just input the value in the input box and you will be alerted by a pop-up window, email or even on your mobile phone the moment the range exceeds your pre-set threshold. Just input the DailyRangePips threshold value for every currency pair you want to be alerted for, press OK and you're done! This is especially useful for higher time frames.
Enable email alerts and fill in your email provider details, your email address and password. Push the test button to test email alerts. Flag trades surprisingly work well on lower time frames, as well as higher swing trading time frames.
Checkpoint Rejection candles, and pin bars are a very commonly discussed, and promoted signal in the price action world. Like most candle patterns, they form very frequently, and need to pass good quality control checks before they will pay out. Follow the download button below if you would like to try them out: Great article, thanks for posting!
I'll be checking these out on my charts, for sure. Awesome, easy to understand, article! Great starting point to those who want to start understanding graphs and mentality! Wish I had an article like this when I 1st started studying and trading.
Thanks mate - sometimes its nice for experiences trader to have a refresher on basic strategies. I enjoy reading your articles, but could you mare them print friendly so I can take them with me, for when I'm not connected to a computer? I know this article is targeted at beginners, but I think it's a great reminder for experienced traders as well, who sometimes forget the basics when they are focusing on more complicated strategies.
Helpful thank you but i guess in video it will be better. Good staff, did you back tested or traded them on regular basis and could you shear expected results? Thanks very much I started picking some pieces that make sense to.
Hopefully I will start trading with purpose. HI Dale, Three great strategies, some I was previously aware of, however appreciate the additional detail you go into regarding the use of quality control and getting your levels of support and resistance correct and then using those to trade from and in turn identify the difference between a good setup and a potentially bad one.
Thanks very much I can see the light. I am sure your building my confidence after a big disappointment. This is a great and an eye opening article I went back on some history on my charts and they all showed up. Thanks Dale I enjoy all your articles. Merci très instructif good article very informative Thank you. You gave me the missing part of the puzzle which was right in front me and i ciuldnt see it. Dale, Many thanks for this very simple but mind blowing tutorial. It is amazing how much sense things make in trading when it is written down and can be easily read or glanced at either daily or weekly.
Simple and easy to understand. I'm still studying with a demo account and will put these strategies to the test. Have lots to learn and have followed your blog religiously. Keep the articles coming, please! Hello, Very informative and to the point. I was already missing content from you. It's been a while. I am now trading on the daily chart doing price action and swing trading. It is coming out nicely and much more peaceful than lower time frames which were driving me nuts.
Thanks for the nutritious input. Very informative and well explained will be looking for these setups on my charts. You do explain things in a very simplistic way that makes it easy for a new forex trader to understand. Thank you very much Dale, I alredy practiced with the doji: The other two are amazing too.
A question, do you sometimes use the Ichimoku? I like to have a look to that on the daily. Really just previous price levels shifted forward. Have been working my way through your course over the last few months and this is a great summary of some of your key points. Thank you for sharing such information, you just gave me what I needed. I hope I'm going to do better now in my trades.
Thank you Dale, a very good presentation Wayne. The doji section is an eye opener. I'll definitely look into trading dojis at key levels in the market. What best technical analysis can be used for the three strategies you presented?
It was so helpful for me. I like this very nice and structured presentations with nice non-messy charts to look at with good text. Nice to be reminded of doji, flags and rejection candles. Very valuable information about pin bars not working well in correction areas. Like your work very much and the simplicity behind it, not easy to do. Amazing strategies so easily learned from simple and to the point language.
These form the basis of newbies forex crutch. Started trading on daily charts forex and shares using moving averages only. Charts look good but stop loss a lot higher due to swings. Im going to do this full time in 3 weeks time to see if I can make a modest living from Trading.
I'm sure this is what I've needed to get my trading back up to par! I do like you're work and the simplicity of the strategies. With the war room package, you said about the trade alerts to your phone , does your computer at home have to be on for you to get the alert setups on your phone during the day? Yes the battle station needs to be monitoring the market always.
Been seeing your video on youtube recently. Really great content and simple. I am a beginner trader. Wir entwickeln die profitabelsten automatisierte Forex Trading Expert Advisors in der Advisor nie müde und das Trading Roboter extrem schnell und zuverlässig ist.
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