Rectangles are consolidation patterns that signify indecision between buyers and sellers. They form when price ranges between high and low barriers with alternating highs and lows, and volume tapers off over time. The breakout from the rectangle is reliable, with prices unlikely to return once broken. Target price moves are usually the height of the rectangle. Flags are short, slight price trends within a larger movement that last 1-2 weeks. Rounding bottoms form at market bottoms as investor interest wanes, signaling a reversal from bearish to bullish.
Day trading techniques include scalping, fading, daily pivots, and momentum trading. Scalping aims to take quick profits by entering and exiting positions as soon as they become profitable. Fading shorts a stock when it moves up quickly, expecting a sell-off. Daily pivots look to benefit from volatility by buying low and selling high, exiting on signs of reversal. Momentum trades ride trends fueled by news or volume until signs of reversal like decreasing volume or bearish candles. Day traders use candlestick charts, level 2 quotes, and newsfeeds to identify entry points supported by patterns, volume spikes, and order book depth.
Japanese candlesticks are one of the most popular methods of the technical analysis. In this presentation, JustForex will teach you how to read Japanese candlesticks and trade according to it.
This document is a guide to candlestick trading. It begins by explaining the history and origins of candlestick patterns in Japanese rice trading. It then defines the anatomy of a candlestick chart and different candlestick patterns such as the engulfing bar and doji patterns. The document discusses how to analyze market structure, timeframes, and identifies several candlestick-based trading strategies. It emphasizes the importance of understanding candlestick patterns as they reflect market psychology and the behavior of buyers and sellers. Mastering these concepts is the key to becoming a consistently profitable trader according to the guide.
http://www.marketgeeks.com/support-and-resistance-trading/ Download Your Free Swing Trading Report Today. Support and resistance trading is a great way for beginners to get their feet wet. Learn basic principles of trading that will help you increase your profits and decrease your losers.
Understanding Japanese Candlesticks in Forex Trading by valentino heavensValentino Heavens
The document discusses candlestick patterns and how to use them. It describes the 6 most common candlestick patterns: Doji candles, near Doji group, engulfing candles, tweezer candles, inside candles, and outside candles. These patterns can indicate indecision, reversals, or continuations in the market. It emphasizes confirming candlestick patterns with other indicators and waiting for candle closes before entering positions. The "candy bar" setup is also introduced as one of the safest trades when confirmed by other indicators in a continuing trend.
Rectangles are consolidation patterns that signify indecision between buyers and sellers. They form when price ranges between high and low barriers with alternating highs and lows, and volume tapers off over time. The breakout from the rectangle is reliable, with prices unlikely to return once broken. Target price moves are usually the height of the rectangle. Flags are short, slight price trends within a larger movement that last 1-2 weeks. Rounding bottoms form at market bottoms as investor interest wanes, signaling a reversal from bearish to bullish.
Day trading techniques include scalping, fading, daily pivots, and momentum trading. Scalping aims to take quick profits by entering and exiting positions as soon as they become profitable. Fading shorts a stock when it moves up quickly, expecting a sell-off. Daily pivots look to benefit from volatility by buying low and selling high, exiting on signs of reversal. Momentum trades ride trends fueled by news or volume until signs of reversal like decreasing volume or bearish candles. Day traders use candlestick charts, level 2 quotes, and newsfeeds to identify entry points supported by patterns, volume spikes, and order book depth.
Japanese candlesticks are one of the most popular methods of the technical analysis. In this presentation, JustForex will teach you how to read Japanese candlesticks and trade according to it.
This document is a guide to candlestick trading. It begins by explaining the history and origins of candlestick patterns in Japanese rice trading. It then defines the anatomy of a candlestick chart and different candlestick patterns such as the engulfing bar and doji patterns. The document discusses how to analyze market structure, timeframes, and identifies several candlestick-based trading strategies. It emphasizes the importance of understanding candlestick patterns as they reflect market psychology and the behavior of buyers and sellers. Mastering these concepts is the key to becoming a consistently profitable trader according to the guide.
http://www.marketgeeks.com/support-and-resistance-trading/ Download Your Free Swing Trading Report Today. Support and resistance trading is a great way for beginners to get their feet wet. Learn basic principles of trading that will help you increase your profits and decrease your losers.
Understanding Japanese Candlesticks in Forex Trading by valentino heavensValentino Heavens
The document discusses candlestick patterns and how to use them. It describes the 6 most common candlestick patterns: Doji candles, near Doji group, engulfing candles, tweezer candles, inside candles, and outside candles. These patterns can indicate indecision, reversals, or continuations in the market. It emphasizes confirming candlestick patterns with other indicators and waiting for candle closes before entering positions. The "candy bar" setup is also introduced as one of the safest trades when confirmed by other indicators in a continuing trend.
This document introduces the MagicBreakout forex trading strategy. It is summarized as follows:
1) The strategy aims to enter the market before breakouts occur by using the CCI indicator to signal when to enter trades. This allows traders to enter positions before the crowd of momentum traders.
2) Detailed rules are provided for both entry and exit including identifying trends using EMAs, setting entry criteria using CCI crossovers, and taking profits and stops using Fibonacci retracement levels.
3) Following the strategy and strict money management is touted as the key to achieving consistent profits that grow exponentially over time. Additional paid strategies and software are promoted as helping automate the system.
Stop Trading Support And Resistance The Wrong WayNetpicksTrading
Stop Trading Support And Resistance The Wrong Way
- See more at: http://www.netpicks.com/support-resistance/
Support and resistance trading is a popular technical analysis method of trading. The bad part is that many traders enter trades blindly at these levels without a firm understanding of what they mean.
Learn about trading support and resistance and see if your trading results improve.
- See more at: http://www.netpicks.com/support-resistance/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
support, resistance, support and resistance trading, reversals, trend
forex trading strategy that you can make money with. Can also be use by using your android and iphone metatrader.
The settings on the indicator are easy to setup. The strategy best time frame is h4 and hourly chart.
http://www.pipsumo.com/2017/04/parabolic-sar-trading-strategy.html
This document discusses the benefits of technical analysis and chart patterns over fundamental analysis for making trading decisions. It provides an example of a stock that was traded over the course of a year, demonstrating how identifying buy and sell opportunities from chart patterns could have resulted in gains of 159% compared to a 13% gain from a simple buy and hold strategy. The document promotes learning the seven key chart patterns presented in this book as tools for identifying trading opportunities and making well-timed entry and exit decisions.
This document provides descriptions of 17 candlestick formations that can be used to identify money making opportunities in financial markets. It defines terms like real body, upper/lower shadows, and different types of candlestick lines. Each formation is given a name and brief explanation of when it forms and whether it indicates a bullish or bearish signal. Formations include things like doji lines, engulfing patterns, morning/evening stars, hammers, and tweezers tops and bottoms. The purpose is to introduce common candlestick patterns traders can recognize to potentially profit in trends or reversals.
An overview of technical analysis and its common techniques (Candlestick , MACD, Parabolic SAR, RSI, Bolinger Bands etc) - given to brokers and managers of Nepal Derivative Exchange (NDEX) by Mr. Sohan Khatri (Resource person - Management Association of Nepal, Adjunct Faculty - Ace Institute of Management, Kathmandu College of Management)
Looking for best intraday trading rules? Platinum Trading Systems presents simple, easy & golden rules for Intraday trading. Get This 7 Rules and Earn More Money in Intraday.
The document provides information about basic candlestick patterns in 3 paragraphs:
1) It defines bullish and bearish candlesticks and describes their basic parts: real body, upper/lower shadows.
2) It introduces common candlestick patterns like bullish/bearish engulfing, dark cloud cover, Doji, and discusses their meanings as reversal or continuation signals.
3) It provides an example of a dragonfly Doji and gravestone Doji, powerful bullish and bearish reversal patterns respectively. The document is intended to educate on basic candlestick analysis.
Candlestick charts display open, high, low, and close prices and are used by traders to identify patterns that may indicate future price movements. Key candlestick patterns include bullish and bearish engulfing patterns, hammers and shooting stars, dragonfly and gravestone dojis, and morning and evening stars, which provide signals on support, resistance, and reversal areas. Traders analyze these patterns to identify trading opportunities.
This document outlines different trading strategies and provides an overview of a swing trading strategy called Morpheus Trading (MTG) that aims to take advantage of momentum in the markets. The MTG strategy involves identifying the intermediate-term trend using daily and weekly charts, looking for proper trade setups with a breakout and pullback pattern, having a clear exit strategy, disciplined risk management by limiting losses to 1-2% per trade, and understanding how emotions like greed, fear and hope influence market movements. The strategy aims to "buy high and sell higher" by purchasing stocks trading near 52-week highs rather than bargain hunting for cheap stocks.
This document provides an introduction to technical analysis tools and techniques. It begins by explaining different types of stock price charts, including line charts, bar charts, and candlestick charts. It then discusses moving averages and how they can be used to identify trends. Support and resistance levels are explained as important trend lines. The document also covers envelopes, Bollinger Bands, and Parabolic SAR as additional technical indicators. It emphasizes that these tools should be used together to analyze trends and identify entry and exit points for trades.
Candlestick patterns provide technical traders with visual clues about investor sentiment and can signal potential reversals in trend. Some key reversal patterns include the hammer, hanging man, morning star, and evening star formations. Traders watch for these patterns to form at support/resistance levels or trendlines as potential entry signals. While candlesticks don't provide price targets, confirming patterns with technical analysis helps traders identify high probability trade setups. Proper risk management using stop losses is also important when trading candlestick reversal signals.
How To Trade Regular Divergence with MACD, RSI, StochasticsNetpicksTrading
Divergence trading involves identifying potential market turning points by looking for instances where a price moves in one direction while a technical indicator moves in the opposite direction. There are two main types of divergence - bullish divergence, where the price is falling but an indicator like MACD or RSI is rising, and bearish divergence, where the price is rising but the indicator is falling. Traders look for divergence patterns at potential support/resistance levels and use confirmation signals like candlestick patterns to identify trade entry points, with the goal of capitalizing on reversals in price triggered by changes in market momentum.
Click here for more information on range trading
http://www.netpicks.com/simple-range-trading-strategy/
Here is some information on range trading:
It’s been said that a market only trends 30% of the time.
I can’t quantify that figure but having a range trading strategy to take advantage of the other 70% is good business.
Range trading is not difficult however it does require discipline and a method of determining when a trading range is in play.
For more information on range trading click here:
http://www.netpicks.com/simple-range-trading-strategy/
This document provides an overview of candlestick patterns and their use in market analysis. It defines various candlestick patterns including single reversal patterns like hammers and shooting stars, multiple reversal patterns like engulfing patterns and harami, and continuation patterns like rising and falling windows. The document also discusses practical applications and interpretations of these patterns, emphasizing the importance of considering risk-reward when taking trades based on candlestick signals.
This document provides an introduction to technical analysis for investors. It outlines several key techniques of technical analysis including price charts, candlestick patterns, trend lines, support and resistance, moving averages, and chart patterns. Price charts visually represent stock price data and can take the form of line charts, bar charts, or candlestick charts. Candlestick patterns provide insight into market sentiment. Trend lines identify uptrends and downtrends while support and resistance levels indicate where buyers and sellers enter the market. Moving averages smooth price data to identify trends. Finally, chart patterns like triangles, flags, double tops, and head and shoulders formations signal potential reversals or continuations in price. Technical analysis tools help gauge the probability of future price
The document provides an introduction to technical analysis (TA), covering some of its basic concepts and techniques. It discusses TA basics like price charts and trends. It then explains common basic formations like trend lines, channels, and reversal patterns. The document also introduces Japanese candlestick patterns and popular technical indicators like moving averages and the MACD. It emphasizes that TA analyzes past price and volume data to identify patterns that may forecast future price movements.
This document defines and describes various candlestick patterns used in technical analysis for stock trading, including bullish patterns like hammer and piercing line that indicate reversals from downtrends, as well as bearish patterns like hanging man, dark cloud cover, and doji variations that signal potential trend changes. It provides brief explanations of common candlestick formations and their implications for identifying bullish or bearish market momentum.
Here is the first chapter of my new book 'Package, Position, Profit: How to build a legal practice the 21st Century wants to buy'. If you like chapter 1, the book is available to buy from https://www.ark-group.com
This document appears to be the table of contents for a book titled "Buyers, Sellers, and Advertising" by Joe Piergrossi. The book is about understanding and improving small business advertising. It is divided into 16 chapters that cover topics such as different types of buyers, advertising as a way to solve customers' problems, building better advertisements, using discounts and coupons effectively, and competing with large retailers. It also includes several workshops and case studies related to advertising and small business.
This document introduces the MagicBreakout forex trading strategy. It is summarized as follows:
1) The strategy aims to enter the market before breakouts occur by using the CCI indicator to signal when to enter trades. This allows traders to enter positions before the crowd of momentum traders.
2) Detailed rules are provided for both entry and exit including identifying trends using EMAs, setting entry criteria using CCI crossovers, and taking profits and stops using Fibonacci retracement levels.
3) Following the strategy and strict money management is touted as the key to achieving consistent profits that grow exponentially over time. Additional paid strategies and software are promoted as helping automate the system.
Stop Trading Support And Resistance The Wrong WayNetpicksTrading
Stop Trading Support And Resistance The Wrong Way
- See more at: http://www.netpicks.com/support-resistance/
Support and resistance trading is a popular technical analysis method of trading. The bad part is that many traders enter trades blindly at these levels without a firm understanding of what they mean.
Learn about trading support and resistance and see if your trading results improve.
- See more at: http://www.netpicks.com/support-resistance/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
support, resistance, support and resistance trading, reversals, trend
forex trading strategy that you can make money with. Can also be use by using your android and iphone metatrader.
The settings on the indicator are easy to setup. The strategy best time frame is h4 and hourly chart.
http://www.pipsumo.com/2017/04/parabolic-sar-trading-strategy.html
This document discusses the benefits of technical analysis and chart patterns over fundamental analysis for making trading decisions. It provides an example of a stock that was traded over the course of a year, demonstrating how identifying buy and sell opportunities from chart patterns could have resulted in gains of 159% compared to a 13% gain from a simple buy and hold strategy. The document promotes learning the seven key chart patterns presented in this book as tools for identifying trading opportunities and making well-timed entry and exit decisions.
This document provides descriptions of 17 candlestick formations that can be used to identify money making opportunities in financial markets. It defines terms like real body, upper/lower shadows, and different types of candlestick lines. Each formation is given a name and brief explanation of when it forms and whether it indicates a bullish or bearish signal. Formations include things like doji lines, engulfing patterns, morning/evening stars, hammers, and tweezers tops and bottoms. The purpose is to introduce common candlestick patterns traders can recognize to potentially profit in trends or reversals.
An overview of technical analysis and its common techniques (Candlestick , MACD, Parabolic SAR, RSI, Bolinger Bands etc) - given to brokers and managers of Nepal Derivative Exchange (NDEX) by Mr. Sohan Khatri (Resource person - Management Association of Nepal, Adjunct Faculty - Ace Institute of Management, Kathmandu College of Management)
Looking for best intraday trading rules? Platinum Trading Systems presents simple, easy & golden rules for Intraday trading. Get This 7 Rules and Earn More Money in Intraday.
The document provides information about basic candlestick patterns in 3 paragraphs:
1) It defines bullish and bearish candlesticks and describes their basic parts: real body, upper/lower shadows.
2) It introduces common candlestick patterns like bullish/bearish engulfing, dark cloud cover, Doji, and discusses their meanings as reversal or continuation signals.
3) It provides an example of a dragonfly Doji and gravestone Doji, powerful bullish and bearish reversal patterns respectively. The document is intended to educate on basic candlestick analysis.
Candlestick charts display open, high, low, and close prices and are used by traders to identify patterns that may indicate future price movements. Key candlestick patterns include bullish and bearish engulfing patterns, hammers and shooting stars, dragonfly and gravestone dojis, and morning and evening stars, which provide signals on support, resistance, and reversal areas. Traders analyze these patterns to identify trading opportunities.
This document outlines different trading strategies and provides an overview of a swing trading strategy called Morpheus Trading (MTG) that aims to take advantage of momentum in the markets. The MTG strategy involves identifying the intermediate-term trend using daily and weekly charts, looking for proper trade setups with a breakout and pullback pattern, having a clear exit strategy, disciplined risk management by limiting losses to 1-2% per trade, and understanding how emotions like greed, fear and hope influence market movements. The strategy aims to "buy high and sell higher" by purchasing stocks trading near 52-week highs rather than bargain hunting for cheap stocks.
This document provides an introduction to technical analysis tools and techniques. It begins by explaining different types of stock price charts, including line charts, bar charts, and candlestick charts. It then discusses moving averages and how they can be used to identify trends. Support and resistance levels are explained as important trend lines. The document also covers envelopes, Bollinger Bands, and Parabolic SAR as additional technical indicators. It emphasizes that these tools should be used together to analyze trends and identify entry and exit points for trades.
Candlestick patterns provide technical traders with visual clues about investor sentiment and can signal potential reversals in trend. Some key reversal patterns include the hammer, hanging man, morning star, and evening star formations. Traders watch for these patterns to form at support/resistance levels or trendlines as potential entry signals. While candlesticks don't provide price targets, confirming patterns with technical analysis helps traders identify high probability trade setups. Proper risk management using stop losses is also important when trading candlestick reversal signals.
How To Trade Regular Divergence with MACD, RSI, StochasticsNetpicksTrading
Divergence trading involves identifying potential market turning points by looking for instances where a price moves in one direction while a technical indicator moves in the opposite direction. There are two main types of divergence - bullish divergence, where the price is falling but an indicator like MACD or RSI is rising, and bearish divergence, where the price is rising but the indicator is falling. Traders look for divergence patterns at potential support/resistance levels and use confirmation signals like candlestick patterns to identify trade entry points, with the goal of capitalizing on reversals in price triggered by changes in market momentum.
Click here for more information on range trading
http://www.netpicks.com/simple-range-trading-strategy/
Here is some information on range trading:
It’s been said that a market only trends 30% of the time.
I can’t quantify that figure but having a range trading strategy to take advantage of the other 70% is good business.
Range trading is not difficult however it does require discipline and a method of determining when a trading range is in play.
For more information on range trading click here:
http://www.netpicks.com/simple-range-trading-strategy/
This document provides an overview of candlestick patterns and their use in market analysis. It defines various candlestick patterns including single reversal patterns like hammers and shooting stars, multiple reversal patterns like engulfing patterns and harami, and continuation patterns like rising and falling windows. The document also discusses practical applications and interpretations of these patterns, emphasizing the importance of considering risk-reward when taking trades based on candlestick signals.
This document provides an introduction to technical analysis for investors. It outlines several key techniques of technical analysis including price charts, candlestick patterns, trend lines, support and resistance, moving averages, and chart patterns. Price charts visually represent stock price data and can take the form of line charts, bar charts, or candlestick charts. Candlestick patterns provide insight into market sentiment. Trend lines identify uptrends and downtrends while support and resistance levels indicate where buyers and sellers enter the market. Moving averages smooth price data to identify trends. Finally, chart patterns like triangles, flags, double tops, and head and shoulders formations signal potential reversals or continuations in price. Technical analysis tools help gauge the probability of future price
The document provides an introduction to technical analysis (TA), covering some of its basic concepts and techniques. It discusses TA basics like price charts and trends. It then explains common basic formations like trend lines, channels, and reversal patterns. The document also introduces Japanese candlestick patterns and popular technical indicators like moving averages and the MACD. It emphasizes that TA analyzes past price and volume data to identify patterns that may forecast future price movements.
This document defines and describes various candlestick patterns used in technical analysis for stock trading, including bullish patterns like hammer and piercing line that indicate reversals from downtrends, as well as bearish patterns like hanging man, dark cloud cover, and doji variations that signal potential trend changes. It provides brief explanations of common candlestick formations and their implications for identifying bullish or bearish market momentum.
Here is the first chapter of my new book 'Package, Position, Profit: How to build a legal practice the 21st Century wants to buy'. If you like chapter 1, the book is available to buy from https://www.ark-group.com
This document appears to be the table of contents for a book titled "Buyers, Sellers, and Advertising" by Joe Piergrossi. The book is about understanding and improving small business advertising. It is divided into 16 chapters that cover topics such as different types of buyers, advertising as a way to solve customers' problems, building better advertisements, using discounts and coupons effectively, and competing with large retailers. It also includes several workshops and case studies related to advertising and small business.
This document provides information about implementing excise tax compliance for dealers in Tally.ERP 9. It discusses key excise tax concepts for dealers like excisable goods, first and second stage dealers, and CENVAT credit. It then outlines the features available in Tally.ERP 9 for dealers to comply with excise tax requirements, including enabling excise tax, creating necessary masters, entering transactions, handling returns, and generating reports.
Preparation of the negotiation with a Turkish partnerMamadou DIARRA
The document discusses international sales management in Turkey, focusing on Istanbul. It covers managing a sales force, including hiring local employees and providing incentives. It also discusses managing relationships with local partners, including choosing an active partner with textile experience to help navigate the market. Finally, it discusses negotiation practices and cultural considerations for negotiating in Turkey, including using a local partner to advise on bureaucracy, corruption, and cultural norms. The overall aim is to research establishing a luxury clothing shop in Istanbul through negotiating with a local partner.
Sales Myth Number 1 suggests that people don't actually get sold, they make purchasing decisions based on their own needs and preferences. Traditional sales approaches like powerpoint presentations, phone calls, and buying meals are often ineffective and seen as intrusive rather than helpful. For sales to be successful today, representatives must understand the customer's perspective and identify how to provide value, rather than simply trying to convince them to buy.
This book provides a concise yet comprehensive overview of trading psychology and developing a consistent mindset as a trader. It discusses the shift from fundamental to technical to mental analysis as the key to trading success. The book explores both the attractions and dangers of trading, emphasizing the importance of discipline, responsibility, and believing in probabilities rather than needing to know outcomes. It aims to help traders develop a consistent state of mind by understanding market dynamics from the market's perspective and thinking like a winning trader.
Fair housing training and procedures are essential for real estate professionals to provide equal service. This document outlines steps to establish a fair housing commitment, including developing a written policy, requiring training for all staff, designating a fair housing officer, and discussing fair housing regularly. Proper documentation and ongoing evaluation are also recommended to ensure equal treatment of all clients.
Sales Myth Number 1 - "You Think You Sell?" debunks the idea that salespeople actually "sell" customers. It notes that customers typically do their own research and select solutions that meet their needs, rather than being "sold" by pushy sales tactics.
This document discusses the importance of consultative selling over traditional sales techniques. It argues that customers now want to buy solutions to their problems, not products being pushed. Effective consultative selling involves truly understanding the customer's needs and challenges, and proposing customized solutions to address them. Salespeople need to listen more than talk, understand the customer's perspective, and help the customer achieve their goals rather than focus on closing the sale. Moving to a consultative model can improve sales outcomes, customer satisfaction and retention.
The document provides a guide for creating a successful Amazon affiliate website using project management principles, outlining the various phases from planning and keyword research to content creation, promotion, and ongoing optimization. It recommends starting with a smaller, lower risk project initially and defines the goal as generating $500 or more per month, while also discussing outsourcing options and costs associated with starting the website. The phases are interrelated and must be completed in sequence, with later phases like applying for the Amazon Associates program dependent on having sufficient initial content already created.
The document provides an overview of concepts related to markets and economics, including opportunity cost, production possibility curves, specialization and trade. It explains key terms such as opportunity cost, production frontiers, and how specialization and trade allow countries and individuals to focus on what they are relatively best at producing. Diminishing returns and economic growth can cause the production possibility curve to shift in or out.
This document is a preface to the book "Think and Grow Rich" by Napoleon Hill. It summarizes that the book conveys the experiences of over 500 men who became wealthy from nothing except their thoughts, ideas, and organized plans. It describes what to do and how to do it to make money, including how to sell your personal services. It also provides a system to self-analyze what has previously prevented the reader from becoming wealthy. The book was inspired by Andrew Carnegie and aims to teach the principles of accumulating enough money to achieve financial independence.
This document provides a summary of a book about understanding intraday price action on forex markets through analysis of 5-minute charts. The book has two parts: the first lays out principles of price action and discusses entry and exit techniques using educational charts, while the second examines how these principles hold up over six consecutive months of 5-minute EUR/USD charts. Key concepts discussed in the book include support and resistance, pattern breaks, pullbacks, ceilings tests, and adapting strategies to changing market conditions like low volatility periods. The goal is to provide practical guidance for trading profitably using only price action analysis on charts without indicators.
The teaching of entrepreneurial skills is to offer opportunities to students. This would create avenues for them to generate feasible and sustainable income for themselves while make a meaningful contribution to the country. This course aims to motivate these young people to stay in school; to recognize business opportunities and to plan for a successful future.
This ebook is an essential, step-by-step, sales & marketing manual for small business owners. Each tip is a "Business Booster" for attracting, retaining and developing amazing customer relationships! Enjoy our freebie!!
This document provides guidance on becoming a "super affiliate" in affiliate marketing. It discusses developing the right mindset of optimism and passion for success. Super affiliates create detailed processes for starting and scaling their affiliate businesses. They find high-potential niche markets and keywords to target using tools like ClickBank, Amazon research, and keyword planners. Super affiliates optimize landing pages, build backlinks, and use email marketing to generate leads and sales over time. The document also covers alternative monetization strategies like CPA marketing and how to approach international markets.
Currency trading in the forex and futures markets ( pdf drive )wijitha gayan
This document is an excerpt from a book about currency trading in the foreign exchange (FOREX) and futures markets. It includes chapters that discuss what FOREX trading is, how currency pairs work, different types of FOREX brokers and their pros and cons, currency futures contracts and calculations, and currency exchange-traded funds (ETFs). The book provides information for traders looking to participate in FOREX and futures currency markets.
This document is a table of contents and introduction for a guide about blogging and content strategy. It outlines that content marketing is an important strategy for businesses to grow and achieve their goals. However, most companies fail at content for three main reasons: they don't invest in quality content, they don't execute a strategy consistently, and they don't promote or optimize their content. The guide is split into three sections on planning, executing, and optimizing a content strategy to help companies avoid these pitfalls and succeed with content.
Stroll Net will provide public internet terminals throughout Tech City for affordable internet access away from home or office. The business will be owned equally by Cam Piotr and Bob Green, with investors owning the remaining shares. Stroll Net aims to introduce an innovative product to meet the growing demand for internet access. Risks include whether there is sufficient demand and if people will pay for the service. The terminals will offer internet, email, advertising and prepaid services. Stroll Net expects to attract students and traveling business people in particular.
Similar to The ultimate guide to price action trading (20)
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Niswey
50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
But wait. What happens when you fully integrate your WhatsApp campaigns with HubSpot?
That's exactly what we explored in this session.
We take a look at everything that you need to know in order to deploy effective WhatsApp marketing strategies, and integrate it with your buyer journey in HubSpot. From technical requirements to innovative campaign strategies, to advanced campaign reporting - we discuss all that and more, to leverage WhatsApp for maximum impact. Check out more details about the event here https://events.hubspot.com/events/details/hubspot-new-delhi-presents-unlocking-whatsapp-marketing-with-hubspot-integrating-messaging-into-your-marketing-strategy/
Discover the Beauty and Functionality of The Expert Remodeling Serviceobriengroupinc04
Unlock your kitchen's true potential with expert remodeling services from O'Brien Group Inc. Transform your space into a functional, modern, and luxurious haven with their experienced professionals. From layout reconfiguration to high-end upgrades, they deliver stunning results tailored to your style and needs. Visit obriengroupinc.com to elevate your kitchen's beauty and functionality today.
Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART INDIA MATKA KALYAN SATTA MATKA 420 INDIAN MATKA SATTA KING MATKA FIX JODI FIX FIX FIX SATTA NAMBAR MATKA INDIA SATTA BATTA
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART KALYAN CHART
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
Enhancing Adoption of AI in Agri-food: IntroductionCor Verdouw
Introduction to the Panel on: Pathways and Challenges: AI-Driven Technology in Agri-Food, AI4Food, University of Guelph
“Enhancing Adoption of AI in Agri-food: a Path Forward”, 18 June 2024
2. 2
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Contents
Dedication............................................................................................................................................................4
About the author ...............................................................................................................................................5
You’re probably wondering:............................................................................................................................6
The truth about Support and Resistance nobody tells you...................................................................7
Support and Resistance on EUR/USD Daily:......................................................................................................7
Support on (USD/CAD):..............................................................................................................................................8
Resistance on (GBP/JPY):...........................................................................................................................................8
Previous Support turns Resistance on (GBP/AUD): ........................................................................................9
Previous Resistances turns Support on (NZD/USD):.......................................................................................9
“But how do I draw Support and Resistance on my charts?”............................................................. 10
Dynamic Support and Resistance.............................................................................................................. 11
Market behaviour secrets: How the market really moves…................................................................. 13
Stage #1: The Accumulation Stage.....................................................................................................................13
Stage #2: The Advancing Stage...........................................................................................................................15
Stage #3: The Distribution Stage .........................................................................................................................16
Stage #4: The Declining Stage..............................................................................................................................17
“What’s the point of learning the 4 stages of the market?”.......................................................................18
The secret to reading Candlestick Patterns — How to time your trading entries with deadly
accuracy............................................................................................................................................................ 20
What is a candlestick pattern and how does it work?.................................................................................20
Hammer .........................................................................................................................................................................21
Bullish Engulfing Pattern .........................................................................................................................................22
Shooting Star ...............................................................................................................................................................23
Bearish Engulfing Pattern .......................................................................................................................................24
Now… ..............................................................................................................................................................................25
Candlestick patterns cheat sheet: How to understand any candlestick pattern without
memorizing a single one............................................................................................................................... 26
1. Where did the price close relative to the range? .......................................................................................26
2. What’s the size of the pattern relative to the other candlestick patterns?......................................27
The M.A.E. Trading Formula (A simple Price Action Trading system anyone can learn) ............ 29
#1: Market structure ..................................................................................................................................................29
#2: Area of value.........................................................................................................................................................30
#3: Entry trigger ..........................................................................................................................................................30
GBP/USD Daily: Identify the market structure.................................................................................................31
3. 3
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
GBP/USD Daily: Wait for the price to reach an area of value...................................................................31
GBP/USD Daily: Enter on a valid entry trigger ................................................................................................32
T-Bond 4-hour: Identify the market structure..................................................................................................32
T-Bond 4-hour: Wait for the price to approach an area of value............................................................33
T-Bond 4-hour: Enter on a valid entry trigger .................................................................................................33
Bonus: How to identify strength and weakness in the markets so you don’t get caught on the
wrong side of the move................................................................................................................................. 34
Trending move.............................................................................................................................................................34
Retracement move.....................................................................................................................................................35
Bonus: How to “predict” market turning points with deadly accuracy............................................ 37
NZD/CAD Daily:...........................................................................................................................................................37
NZD/CAD 8-hour: .......................................................................................................................................................38
NZD/USD Daily:...........................................................................................................................................................38
NZD/USD 4-hour:........................................................................................................................................................39
Final words from Rayner .............................................................................................................................. 40
How Much You Succeed is All Up to You ..........................................................................................................40
Rome Wasn’t Built in a Day ...................................................................................................................................40
Don’t Be Afraid to Ask for Help.............................................................................................................................40
Thank You So Much!....................................................................................................................................... 41
4. 4
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Dedication
This guide is dedicated to all traders out there, young and old. You are awesome
and I’ll see you on the battlefield.
The information contained in this guide is for informational purposes only.
I am not a financial advisor.
Any legal or financial advice I give is my opinion based on my own experience. You
should always seek the advice of a professional before acting on something I have
published or recommended.
Please understand that there are some links contained in this guide that I may
benefit from financially.
No part of this publication shall be reproduced, transmitted or sold in whole or in
part, or any form, without the prior written consent of the author.
Users of this guide are advised to do their own due diligence when it comes to
making business decisions and all information, products, and services that have
been provided should be independently verified by your own qualified
professionals.
By reading this guide, you agree that I and my company is not responsible for the
success or failure of your business decisions relating to any information presented
in this guide.
5. 5
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
About the author
You’ve probably found your way to this guide from my website, or maybe a friend
passed it along to you. Either way, I’m happy you’re here.
I created this guide because I feel that every trader should learn how to read the
price action of the markets.
By learning how to read price action, you can better time your entries, reduce your
risk, and improve your trading performance.
Tradingwithrayner and this guide are my way of giving back, for all the fortunate
things that had happened to me.
This guide lays the foundation to price action trading. It is not a “system” and
definitely not a “get-rich-quick” scheme.
I’ve given you a trading strategy as well just to get you started. If it can help just
one person get closer to being a consistently profitable trader, then the months I’ve
spent writing this trading guide will be totally worth it.
To all my subscribers, followers and friends out there, old and new, thank you for
the gift of support. I only hope this trading guide can begin to repay you for all the
time and attention you’ve given me. Here’s to you and your continued success!
Rayner Teo
6. 6
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
You’re probably wondering:
“What is Price Action Trading?”
Price action trading is a methodology that relies on historical prices (open, high,
low, and close) to help you make better trading decisions.
Unlike indicators, fundamentals, or algorithms… price action tells you what the
market is doing — and not what you think it should do.
Now, this isn’t the Holy Grail. But, if you devote time to learning price action trading,
you’ll trade with cleaner charts, and can pinpoint your entries & exits with better
precision.
Here’s what you’ll discover:
• The truth about Support and Resistance that nobody tells you
• Market behaviour secrets: How the market really moves
• The secret to reading Candlestick Patterns — How to time your trading
entries with deadly accuracy
• Candlestick patterns cheat sheet: How to understand any candlestick
pattern without memorizing a single one
• The M.A.E Trading Formula (A simple Price Action Trading system anyone
can learn)
Are you ready?
Then let’s get started…
7. 7
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
The truth about Support and Resistance
nobody tellsyou
First, let’s define what’s Support and Resistance so we’re all on the same page.
Support – A horizontal area on your chart where you can expect buyers to push
the price higher.
Resistance – A horizontal area on your chart where you can expect sellers to push
the price lower.
Here are a few examples…
Support and Resistance on EUR/USDDaily:
8. 8
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Supporton (USD/CAD):
Resistance on (GBP/JPY):
Also:
Support and Resistance can swap roles.
This means when Support breaks it can become Resistance. And when Resistance
breaks it can become Support.
An example…
9. 9
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Previous Supportturns Resistance on (GBP/AUD):
Previous Resistances turns Supporton (NZD/USD):
But why does it happen?
Because when the price breaks Support, traders who are long are losing money
and in the “red’.
So, when the price rallies back to Support, this group of traders can now get out of
their losing trade at breakeven — and that induces selling pressure.
And that’s not all because traders who missed the breakout will want to short the
markets which increases the selling pressure. And that’s why when Support breaks
it tends to become Resistance. Make sense? Now you’re probably wondering…
10. 10
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
“But how do Idraw Support and Resistance
on my charts?”
That’s a good question.
So, here are the guidelines I use…
1. Zoom out your charts (at least 200 bars for me)
2. Draw the most obvious levels (if you need to second guess, then it’s not an
important level)
3. Adjust your levels to get the most number of “touches” (it can be body or
wick)
Now, if you want a full training on how to draw Support and Resistance, then check
out this video below…
Next…
11. 11
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Dynamic Support and Resistance
According to Classical Technical Analysis, Support and Resistance are horizontal
areas on your chart.
This is useful when the market is in a range or weak trend.
But in strong trending markets, it won’t work well and that’s where you need to
rely on dynamic Support and Resistance.
What the heck is dynamic?
It means Support and Resistance “move along” with the price instead of being
static.
For example:
The 20-period Moving Average can act as dynamic Support in strong trending
market…
12. 12
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Or the 50-period Moving Average can act as dynamic Resistance in a healthy
trend…
Pro Tip:
Dynamic Support & Resistance can also be in the form of Trendline or Trend
Channel.
13. 13
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Market behaviour secrets: How the market
really moves…
Here’s the deal:
The markets are always changing (I’m sure you’d realize this by now).
It can be in an uptrend, downtrend, range, low volatility, high volatility, etc.
But, if you take a step back and look at the big picture, you’d realize the market
tends to be in 1 of 4 stages…
1. Accumulation
2. Advancing
3. Distribution
4. Declining
I’ll explain…
Stage #1: The Accumulation Stage
The Accumulation Stage occurs after a decline in price, and it looks like a range
market in a downtrend.
Here are the things to look for:
• Occurs after the price have fallen over the last 5 months or more (on Daily
timeframe)
• It looks like a range market with obvious Support and Resistance areas —
in a downtrend
• The 200-day Moving Average is flattening out
• The price whips back and forth around the 200-day Moving Average
Here’s an example…
14. 14
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
And when the price breaks out of Resistance in an Accumulation stage, that’s
where it moves into the Advancing Stage…
15. 15
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Stage #2: The Advancing Stage
The Advancing Stage is an uptrend with a series of higher highs and lows.
Here are the things to look for:
• Occurs after the price breaks out of Resistance in an Accumulation stage
• You see a series of higher highs and lows
• The price is above the 200-day Moving Average
• The 200-day Moving Average is starting to point higher
Here’s what I mean…
Now here’s the thing…
No market goes up forever. It eventually gets “tired” and that’s where it enters
stage 3…
16. 16
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Stage #3: The Distribution Stage
The Distribution Stage occurs after a rise in price, and it looks like a range market
in an uptrend.
Here are the things to look for:
• Occurs after the price have risen over the last 5 months or more (on Daily
timeframe)
• It looks like a range market with obvious Support and Resistance areas —
in an uptrend
• The 200-day Moving Average is flattening out
• The price whips back and forth around the 200-day Moving Average
It looks something like this…
At this point, the market is still in equilibrium with both buyers and sellers on equal
footing.
However, the tide is turned if the price breaks below Support and that’s where we
enter the final stage…
17. 17
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Stage #4: TheDeclining Stage
The Declining Stage is a downtrend with a series of lower highs and lows.
Here are the things to look for:
• Occurs after the price breaks out of Support in a Distribution stage
• You see a series of lower highs and lows
• The price is below the 200-day Moving Average
• The 200-day Moving Average is starting to point lower
An example…
And if you have any trouble trying to identify the direction of the trend, then go
watch this training…
Now you might be thinking…
18. 18
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
“What’s the point of learning the 4 stages of the market?”
Here’s the thing:
If you can recognize the current stage of the market, then you can adopt the
appropriate trading strategy to trade it.
Here’s how…
If the market is in an Advancing Stage, then you want to be a buyer (not a seller).
This means you can look to buy breakouts or pullbacks.
An example:
Or…
If the market is in a Distribution stage, then you know there’s a huge potential
downside if the price breaks below Support.
This means you can look to short the breakdown of Support or wait for the
breakdown to occur, then sell on the pullback.
19. 19
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Now once you’ve understood the 4 stages of the market, then you’ll know which
Price Action Trading strategies to use in a given market condition — and you’ll
never be “lost” again.
20. 20
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
The secret toreading Candlestick Patterns — How
to time your trading entries with deadly accuracy
At this point:
You’ve learned the big picture of Price Action Trading.
You know where to enter your trades (Support and Resistance) and what you
should do in different market conditions (the 4 stages of the market).
But there’s still one part of the puzzle missing, and that’s when to enter a trade.
So, that’s where candlestick patterns come into play.
Let’s dive in…
What is a candlestick pattern and how does it work?
A candlestick pattern has 4 data points:
Open – The opening price
High – The highest price over a fixed time period
Low – The lowest price over a fixed time period
Close – The closing price
Here’s what I mean:
21. 21
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
For a Bullish candle, the open is always below the close.
And for a Bearish candle, the open is always above the close.
Next, you’ll learn a few powerful candlestick patterns to help you better time your
entries…
• Hammer
• Shooting Star
• Bullish Engulfing Pattern
• Bearish Engulfing Pattern
I’ll explain…
Hammer
A Hammer is a (1-candle) bullish reversal pattern that forms after a decline in price.
Here’s how to recognize it:
• Little to no upper shadow
• The price closes at the top ¼ of the range
• The lower shadow is about 2 or 3 times the length of the body
And this is what a Hammer means…
1. When the market opens, the sellers took control and pushed price lower
2. At the selling climax, huge buying pressure stepped in and pushed price
higher
3. The buying pressure is so strong that it closed above the opening price
22. 22
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
In short, a hammer is a bullish reversal candlestick pattern that shows rejection of
lower prices.
Now, just because you see a Hammer doesn’t mean the trend will reverse
immediately.
You’ll need more “confirmation” to increase the odds of the trade working out and
I’ll cover that in detail later.
Moving on…
Bullish Engulfing Pattern
A Bullish Engulfing Pattern is a (2-candle) bullish reversal candlestick pattern that
forms after a decline in price.
Here’s how to recognize it:
• The first candle has a bearish close
• The body of the second candle completely “covers” the body of the first
candle (without taking into consideration the shadow)
• The second candle closes bullish
And this is what a Bullish Engulfing Pattern means…
1. On the first candle, the sellers are in control as they closed lower for the
period
2. On the second candle, strong buying pressure stepped in and closed above
the previous candle’s high — which tells you the buyers have won the battle
for now
In essence, a Bullish Engulfing Pattern tells you the buyers have overwhelmed the
sellers and are now in control.
23. 23
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
And lastly, a Hammer is usually a Bullish Engulfing Pattern on the lower timeframe
because of the way candlesticks are formed on multiple timeframes.
Here’s what I mean:
Make sense?
Shooting Star
A Shooting Star is a (1-candle) bearish reversal pattern that forms after an
advance in price.
(The opposite of a Shooting Star is Hammer.)
Here’s how to recognize it:
• Little to no lower shadow
• The price closes at the bottom ¼ of the range
• The upper shadow is about 2 or 3 times the length of the body
24. 24
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
And this is what a Shooting Star means…
1. When the market opens, the buyers took control and pushed price higher
2. At the buying climax, huge selling pressure stepped in and pushed price
lower
3. The selling pressure is so strong that it closed below the opening price
In short, a Shooting Star is a bearish reversal candlestick pattern that shows
rejection of higher prices.
And lastly…
Bearish Engulfing Pattern
A Bearish Engulfing Pattern is a (2-candle) bearish reversal candlestick pattern
that forms after an advance in price.
Here’s how to recognize it:
• The first candle has a bullish close
• The body of the second candle completely “covers” the body of the first
candle (without taking into consideration the shadow)
• The second candle closes bearish
And this is what a Bearish Engulfing Pattern means…
1. On the first candle, the buyers are in control as they closed higher for the
period
2. On the second candle, strong selling pressure stepped in and closed below
the previous candle’s low — which tells you the sellers have won the battle
for now
25. 25
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
In essence, a Bearish Engulfing Pattern tells you the sellers have overwhelmed the
buyers and are now in control.
Now…
What you’ve just learned are some of the most powerful reversal candlestick
patterns.
But they are not the only ones out there.
In fact, there are many variations that it’s impossible to cover all in one guide.
But the good news is, you don’t need to memorize candlestick patterns to
understand what the market is telling you.
Here’s how…
26. 26
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Candlestick patterns cheat sheet: How to
understand any candlestick pattern without
memorizing a single one
To understand any candlestick patterns, you only need to know 2 things...
1. Where did the price close relative to the range?
2. What’s the size of the pattern relative to the other candlestick patterns?
Let me explain…
1. Where did the price close relative to the range?
This question lets you know who’s in control momentarily.
Look at this candlestick pattern…
Let me ask you…
Who’s in control?
Well, the price closed the near highs of the range so this tells you the buyers are in
control.
Now, look at this candlestick pattern…
27. 27
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Who’s in control?
Although it’s a bullish candle the sellers are actually the ones in control.
Why?
Because the price closed near the lows of the range and it shows you rejection of
higher prices.
So remember, if you want to know who’s in control, ask yourself…
Where did the price close relative to the range?
Next…
2. What’s the size of the pattern relative to the other candlestick
patterns?
This question lets you know if there’s any strength (or conviction) behind the move.
What you want to do is compare the size of the current candle to the earlier
candles.
If the current candle is much larger (like 2 times or more), it tells you there’s strength
behind the move.
Here’s an example…
28. 28
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
And if there’s no strength behind the move, the size of the current candle is about
the same size as the earlier ones.
An example…
Does it make sense?
Great!
Now you have what it takes to read any candlestick pattern without memorizing a
single one.
29. 29
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
The M.A.E. Trading Formula(A simple Price Action
Trading system anyone can learn)
At this point:
You’ve learned the essentials of Price Action Trading (Support & Resistance,
Market Structure and Candlestick Patterns).
Now, let’s use this knowledge to find high probability trading setups — consistently
and profitably.
Introducing to you, The M.A.E. Trading Formula, a proprietary trading technique
I’ve developed to help traders get results, fast.
Here’s how it works…
1. Market structure
2. Area of value
3. Entry trigger
I’ll explain…
#1: Market structure
Now, I know it can be daunting to be looking at a blank chart.
Because you don’t know what to do.
Should you buy, sell, or stay out?
That’s why the first thing to do is identify the market structure as it tells you what
to do.
So ask yourself:
“Is the market in an uptrend, downtrend, or range?”
(In other words, identify the current stage of the market.)
Once you can identify the market structure, then you’ll trade along the path of least
resistance.
For example:
If the market is in an uptrend, you look to buy only.
If the market is in a downtrend, you look to sell only.
30. 30
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
If the market is in a range, you can buy and sell.
Next…
#2: Area of value
Now, identifying the market structure alone isn’t enough.
Because you also need to know where to enter your trade.
Now you’re wondering:
“There are so many places to enter a trade. Which one should I choose?”
Well, you want to trade from an area of value so you can buy low and sell high.
For example:
• Support and Resistance
• Respected Moving Average
• Trendline
• Etc.
Next…
#3: Entry trigger
At this point:
You know what to do (identify market structure) and where to enter (area of value).
Now the final part of the equation is to know when to enter.
Personally, I like to enter when the market has shown signals of reversal — thus
confirming my bias.
This can be in the form of reversal price patterns like:
• Hammer
• Shooting Star
• Bullish Engulfing Pattern
• Bearish Engulfing pattern
• Etc.
31. 31
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Let me share with you a few examples of The M.A.E. Formula in action…
GBP/USD Daily: Identify the market structure
GBP/USD Daily: Wait for the price toreach an area of value
32. 32
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
GBP/USD Daily: Enter on a valid entry trigger
Another example…
T-Bond 4-hour: Identify the market structure
33. 33
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
T-Bond 4-hour: Wait for the price toapproach an area of value
T-Bond 4-hour: Enter on a valid entry trigger
Can you see how everything fits together now?
34. 34
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Bonus: How to identify strength and weakness in
the markets so you don’t get caught on the wrong
side of the move
Here’s the thing:
The market doesn’t move in one straight line.
Instead, it goes…
Up and down, up and down, up and down, right? (Something like that)
And you can classify this “up and down” pattern into:
• Trending move
• Retracement move
This is important, so let me explain…
Trending move
A trending move is the “stronger” leg of the trend.
You’ll notice larger bodied candles that move in the direction of the trend.
An example:
35. 35
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Retracement move
A retracement move is the “weaker leg of the trend.
You’ll notice small bodied candles that move against the trend (otherwise known
as counter-trend).
An example:
You might be wondering:
“Why is this important?”
Because in a healthy trend, you’ll expect to see a trending move followed by a
retracement move.
But when the trend is getting weak, the retracement move no longer has small
bodied candles, but larger ones.
This tells you opposing pressure is stepping in.
36. 36
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Here’s what I mean…
And when you combine this with another technique I’m about to show you, you
can pinpoint market turning points with deadly accuracy.
Read on, I’ll tell you more…
37. 37
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Bonus: How to “predict” market turning points with
deadly accuracy
Let me ask you…
Would you like to be able to “predict” market turning points — and spot trading
opportunities with low risk and huge returns?
Well, nothing works all the time. But the technique I’m about to show you works
well for me.
Here’s how…
1. Wait for the price to reach key market structure on the higher timeframe (like
Support & Resistance, Trendline, etc.)
2. Wait for the trending move to get “weak” by having smaller bodied candles
3. Wait for the retracement move to get “strong” by having larger bodied
candles
4. Enter on the break of structure
Let me give you an example…
NZD/CAD Daily:
On the Daily timeframe, the price is at Resistance area and has a confluence of a
downward Trendline. The price could reverse lower so let’s look for a shorting
opportunity on the lower timeframe.
38. 38
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
NZD/CAD 8-hour:
On the 8-hour timeframe, the selling pressure is coming in as you notice the candles
of the retracement moves getting bigger (a sign of strength from the sellers).
Also, the buying pressure is getting weak as the candles of the trending moves get
smaller. One possible entry technique is to go short when the price breaks and
close below Support.
I know this can be complex for new traders, so here’s another example…
NZD/USD Daily:
On the Daily timeframe, the price is at previous Support turned Resistance.
The price could reverse lower so let’s look for a shorting opportunity on the lower
timeframe.
39. 39
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
NZD/USD 4-hour:
On the 4-hour timeframe, the selling pressure is getting stronger as the candles of
the retracement moves get larger.
Also, the buying pressure is getting weak as the candles of the trending moves get
smaller. If you want to trade this setup, you could go short on the break of Support.
This is powerful stuff, right?
40. 40
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Final words from Rayner
Congratulations! If you have made it to this point, you definitely have the price
action trading spirit in you. I know I’ve provided you with a lot to think about in this
guide, but you now have the knowledge to take the information and apply it to your
trading. Here are a few final thoughts I’d like to share with you before I finish up.
How Much You Succeed is All Up to You
The thing about trading is that it doesn’t care about your educational background.
You can be a first-class honors graduate or a school dropout, but if you fail to follow
the rules of the market, it will take your money, regardless of your status and
background.
But if you follow the rules of the market, then how much you can make is entirely
up to you. You can trade 0.1 lot, 1 lot, or 10 lots, and your profits and losses are just
a matter of a few more zeros behind.
Rome Wasn’t Built in a Day
Trading is like learning a new skill. You need to be willing to put in time and effort
to be proficient in it. There are countless lessons to learn from the markets and
every mistake you learn is a step closer to profitable trading.
Most degree graduates spent 3 years in school studying. What about a trader
acquiring a skill that could feed him or her for life? Don’t think about the money just
yet. Just focus on doing the right things one step at a time.
Some take 10 years before being profitable whereas some never figure it out and
eventually give up. If you really want it bad enough, then persevere on and always
look at the big picture: the chance to one day be a consistently profitable trader.
Don’t Be Afraid to Ask for Help
There is absolutely no reason why you shouldn’t ask for help when you need it.
Many people, including myself, are happy to help people out. You’d be surprised. If
you never ask, you will never know, right?
41. 41
THE ULTIMATE GUIDE TO PRICE ACTION TRADING
Thank You So Much!
I hope you’ve enjoyed this guide as much as I loved writing it for you. I can’t thank
you enough for your continued support for TradingwithRayner and everything I do.
Now if you’ve enjoyed this trading guide, then I’m sure you’ll love Pro Traders Edge.
This is where you get access to my market insights, weekly trade alerts, backtest
research lab, private trading community, and much more.
Cheers,
Rayner Teo