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