Pro Candlestick Analysis Method! MUST KNOW FOR SUCCESS!!!

6 янв. 2021 г.

Pro Backtest Method:
STUDY CANDLESTICK BEHAVIOUR
- You should know what type of
candle your ideal entries are taken
based on momentum/rejection.
- To help with in the moment decision
making before entry and avoiding
impulse entries try this;

1. Open Chart During your preferred
session and timeframe. Look to see if
market conditions are similar to your
strategies ideal conditions e.g. Creating
a LH and rejecting the level.
2. Watch how those Candles unfold and
record their behaviour and how they are
shaped at specific times through out. e.g.
30m candle, record its shape at 10min,
20min, 25min and the final 5mins
3. When Candle closes, record the outcome
and take a note as to whether this candle
is the sort of candle you would enter based
upon. Repeat this everyday or whenever the
conditions are right.
4. You will soon start to see patterns which lead
to specific candlestick close outcomes, then you
can confidently determine this in real time
and avoid entering on an impulse.