Forex Candlestick
Goals and Strategies
Traders profit from changes of foreign currency rates
by setting reasonable goals and then developing
strategies to achiev...
A common trading approach is to use Forex charting
with candlesticks to read market sentiment and enter
profitable trades....
Uncertain Markets

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies/
A common approach to trading Forex is to look for
volatile markets.

http://www.forexconspiracyreport.com/
forex-candlesti...
When there is a lot of price movement there is, in
theory, a lot of potential for profits.

http://www.forexconspiracyrepo...
Forex candlestick strategies that fit this approach are
those that spot uncertain markets.

http://www.forexconspiracyrepo...
A Doji signal is single a flat candlestick.

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies/
This signal tells us that the opening and closing price
for the day are essentially the same.

http://www.forexconspiracyr...
The Doji may have long or short shadows meaning
that the stock may have traded much higher and lower
or not

http://www.fo...
A Doji may occur after a Forex uptrend, a Forex
downtrend, or during a flat trading period for a
currency pair.

http://ww...
The Doji indicates market indecision.

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies/
When it occurs after a well-defined uptrend it is a
strong indicator of a downward reversal.

http://www.forexconspiracyre...
When it occurs after a well-defined downtrend it is a
strong indicator of a market that may head downward.
During a flat m...
Forex candlestick goals and strategies regarding the
Doji are first of all of make a profit on a market
reversal, ideally ...
The second part is to be patient and to wait for the
signal.

http://www.forexconspiracyreport.com/
forex-candlestick-goal...
The beauty of trading with candlesticks is that the
signals are clear and easy to read.

http://www.forexconspiracyreport....
Be patient.

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies/
Wait for the signal.

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies/
Trade, get out and count your profits.

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies/
Surprise Reversals

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies/
Other Forex candlestick goals and strategies have to
do with correctly reading surprises in the market and
profiting there...
A good example of Forex goals and strategies with
market surprises lies with the Morning Star signal.

http://www.forexcon...
This signal starts with a long black candle which
indicates a day in which the traded Forex currency
closed significantly ...
The second candle has a bottom lower than the first
which tells us that the currency gapped down on the
opening of the sec...
This candle is quite short which tells us that no matter
how much trading took place that day the currency end
up pretty m...
The third candle of the Morning Star in Forex trading is
a white candle and a longer one.

http://www.forexconspiracyrepor...
When this signal is very strong its bottom lies above
the top of the second candle, indicating an opening
trading gap for ...
The signal is even stronger if there is an upward gap
on the subsequent day.

http://www.forexconspiracyreport.com/
forex-...
The third candle should close at least at the level of
the upper half of the first, black candle in order for this
to be a...
This is reverse signal and exhibits a dramatic and
often surprise ending to a downward trending market.

http://www.forexc...
In Forex trading with Candlesticks this signal is a
strong indicator of a change in market sentiment. The
longer the black...
As with all reversals of bear markets there are two
possibilities.

http://www.forexconspiracyreport.com/
forex-candlestic...
The market may simply have become oversold in
which case the reversal is likely to bring the currency
price to a rational ...
Or, fundamentals may have changed, in which case
the Morning Star in Forex trading will commonly
predict a more substantia...
The key to using Forex candlestick goals and
strategies is that one can pick the conditions in which
one will trade.

http...
Then one will await the correct signal.

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies/
This removes guesswork and leads to profits.

http://www.forexconspiracyreport.com/
forex-candlestick-goals-and-strategies...
Forex Candlestick Goals and Strategies
Upcoming SlideShare
Loading in...5
×

Forex Candlestick Goals and Strategies

1,175

Published on

Forex Candlestick Goals and Strategies

http://www.forexconspiracyreport.com/forex-candlestick-goals-and-strategies/

Traders profit from changes of foreign currency rates by setting reasonable goals and then developing strategies to achieve those goals. A common trading approach is to use Forex charting with candlesticks to read market sentiment and enter profitable trades. With the use of this age old trading system in mind we consider various Forex candlestick goals and strategies.

0 Comments
3 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,175
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
32
Comments
0
Likes
3
Embeds 0
No embeds

No notes for slide

Forex Candlestick Goals and Strategies

  1. 1. Forex Candlestick Goals and Strategies
  2. 2. Traders profit from changes of foreign currency rates by setting reasonable goals and then developing strategies to achieve those goals. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  3. 3. A common trading approach is to use Forex charting with candlesticks to read market sentiment and enter profitable trades. With the use of this age old trading system in mind we consider various Forex candlestick goals and strategies. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  4. 4. Uncertain Markets http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  5. 5. A common approach to trading Forex is to look for volatile markets. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  6. 6. When there is a lot of price movement there is, in theory, a lot of potential for profits. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  7. 7. Forex candlestick strategies that fit this approach are those that spot uncertain markets. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  8. 8. A Doji signal is single a flat candlestick. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  9. 9. This signal tells us that the opening and closing price for the day are essentially the same. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  10. 10. The Doji may have long or short shadows meaning that the stock may have traded much higher and lower or not http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  11. 11. A Doji may occur after a Forex uptrend, a Forex downtrend, or during a flat trading period for a currency pair. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  12. 12. Anticipating a market reversal with the Doji has to do with what precedes the signal. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  13. 13. The Doji indicates market indecision. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  14. 14. When it occurs after a well-defined uptrend it is a strong indicator of a downward reversal. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  15. 15. When it occurs after a well-defined downtrend it is a strong indicator of a market that may head downward. During a flat market it tells of indecision but not market direction. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  16. 16. Forex candlestick goals and strategies regarding the Doji are first of all of make a profit on a market reversal, ideally doing this repeatedly in a volatile market. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  17. 17. The second part is to be patient and to wait for the signal. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  18. 18. The beauty of trading with candlesticks is that the signals are clear and easy to read. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  19. 19. Be patient. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  20. 20. Wait for the signal. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  21. 21. Trade, get out and count your profits. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  22. 22. Surprise Reversals http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  23. 23. Other Forex candlestick goals and strategies have to do with correctly reading surprises in the market and profiting thereby. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  24. 24. A good example of Forex goals and strategies with market surprises lies with the Morning Star signal. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  25. 25. This signal starts with a long black candle which indicates a day in which the traded Forex currency closed significantly lower than it opened. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  26. 26. The second candle has a bottom lower than the first which tells us that the currency gapped down on the opening of the second day. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  27. 27. This candle is quite short which tells us that no matter how much trading took place that day the currency end up pretty much where it started. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  28. 28. The third candle of the Morning Star in Forex trading is a white candle and a longer one. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  29. 29. When this signal is very strong its bottom lies above the top of the second candle, indicating an opening trading gap for the day. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  30. 30. The signal is even stronger if there is an upward gap on the subsequent day. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  31. 31. The third candle should close at least at the level of the upper half of the first, black candle in order for this to be a Morning Star in Forex Trading. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  32. 32. This is reverse signal and exhibits a dramatic and often surprise ending to a downward trending market. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  33. 33. In Forex trading with Candlesticks this signal is a strong indicator of a change in market sentiment. The longer the black and white candles the stronger is the indication that market sentiment has swung around from bearish to bullish. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  34. 34. As with all reversals of bear markets there are two possibilities. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  35. 35. The market may simply have become oversold in which case the reversal is likely to bring the currency price to a rational level. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  36. 36. Or, fundamentals may have changed, in which case the Morning Star in Forex trading will commonly predict a more substantial and longer lasting upward movement of the market. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  37. 37. The key to using Forex candlestick goals and strategies is that one can pick the conditions in which one will trade. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  38. 38. Then one will await the correct signal. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/
  39. 39. This removes guesswork and leads to profits. http://www.forexconspiracyreport.com/ forex-candlestick-goals-and-strategies/

×