3 Simple Ways To Use Candlestick Patterns In Trading; SchoolOfTrade.com

Day Trading Techniques, 3 Simple Ways To Use Candlestick Patterns In Trading; SchoolOfTrade.com – Forex Day Trading Strategies PDF.

In today’s video we are going to discuss three (3) simple ways that I like to use candlestick patterns in my trading.

So let’s take a step back and look at JUST price action. Stripping your chart of all of the indicators and going back to the bare bones can give you a HUGE insight into how prices work and why it does what it does and this video covers a few ways to do that!
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Welcome

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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
PLEASE DO NOT TRADE DURING TIMES OF MAJOR ECONOMIC NEWS
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

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Forex Day Trading Strategies PDF 3 Simple Ways To Use Candlestick Patterns In Trading; SchoolOfTrade.com.

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Price Activity in Foreign Exchange

There is additionally a method for part-time investors that pop in and also out of work (10 mins each time). These brief but regular trading durations may lend themselves to executing a rate activity trading approach. Price activity trading means examining the technicals or charts of the money set to notify trades. Traders can analyze up bars (a bar that has a greater high or higher reduced than the previous bar) and also check out down bars (a bar with a lower high or lower reduced than the previous).

Up bars signify an uptrend while down bars signify a sag, while various other price activity indications may be within or outdoors bars. The trick to success with this approach is compromising of a chart timespan that best meets your timetable.