In recent posts I have explained to you that candlesticks tell us the story of price. Instead of a single candle, we’ll now look at the story of multiple candles. As mentioned before; you should not just look at candles as patterns and that also applies to a series of candles moving in the same …
Read moreHighs and Lows. From short story to the big picture
If you’ve been reading my previous posts, you should now know a lot more about price action and candlesticks. I briefly introduced you to the indecision candles, which announce indecisiveness in the market. In this post I’ll elaborate on these indecision candles and how they can help you as a trader looking for setups. What is indecision? Indecision literally …
Read moreIndecision candles. Spotting indecisiveness in the market
If you followed the previous articles, I hope that you now realize that candlesticks are not just colored bars or patterns with exotic names such as Inverted Hammer or Shooting Star. Candles are price. A super detailed representation of what price has recently done and what price is doing at the moment. Nothing more and nothing less. So …
Forget everything you know about candlesticks . Forget about terms like Doji or Morning Star. Candlesticks simply tell us the story about the struggle between buyers and sellers and as traders we want to be able read that story. Every candle starts out as a baby and at the end of its life, it tells you exactly what happened …
Read moreHow to read candlesticks. All traders must learn this
When it comes to trading strategies, there are several ways that lead to Rome. But price action trading is probably your best starting point on your road to becoming a profitable trader. In this article I’ll try to explain what price action really is. What is price action? Price action literally means the movement of …
Read moreWhat is price action trading? The basis of my trading strategy