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Candle Sticks Patterns
Candle Sticks Patterns
Candle Sticks Patterns
BULLISH BEARISH
WHAT’S THE TREND
SIDEWAYS
R R
S S
R
IS PRICE AT RESISTANCE ? IS PRICE AT SUPPORT ?
S
BULLISH HAMMER BULLISH PIERCING BULLISH 3 INSIDE UP BEARISH HANGING MAN BEARISH DARK CLOUD BEARISH 3 INSIDE DOWN
BULLISH ENGULFING BULLISH MORNING STAR BULLISH HARAMI BEARISH ENGULFING BEARISH EVENING STAR BEARISH HARAMI
BULLISH 3 WHITE SOLDIER BULLISH MARUBOZU TWEEZER BOTTOM BEARISH 3 BLACK BEARISH MARUBOZU TWEEZER TOP
CROWS
INVERTED HAMMER BULLISH 3 OUTSIDE UP BULLISH COUNTERATTACK BEARISH SHOOING STAR BEARISH 3 OUTSIDE DOWN BEARISH
COUNTERATTACK
BULLISH BEARISH
CHART PATTERNS
DISCIPLINED TREADER
MARK IMPORTANT LEVELS (In higher time frame).
ALWAYS REMEMBER PHYCHOLOGICAL NUMBERS.
MARK DEMAND & SUPPLY ZONE.
ALWAYS TRADE WITH TREND.
FOCUS ON BREAKOUT.
AVOID SCALPING.
ALWAYS CHECK CANDLE SIZE AND BODY.
CHECK VOLUME AT THE TIME OF ENTRY.
FIXED YOUR NUMBER OF TRADES (2-3 Maximum).
FIXED YOUR LOSS LIMIT OF THE DAY (Close the system if your limit reached).
AVOID TRADING IF YOU BOOKED PROFIT (Take profit to home).
RISK TO REWARD RATIO SHOULD BE HEALTHY (1:2-1:3-1:4).
EXPECT TO TAKE TIME TO REACH BIGGER PROFITS.
INTRADAY
ENTRY POINT
ENGULFING BULLISH BEARISH
(with in 3 candles)
* 5 MIN’S TIME FRAME MINIMUM 8 CANDLES TREND STOP LOSS • 1ST TARGET
1.5 TIMES
* 15 MIN’S TIME FRAME MINIMUM 6 CANDLES TREND
• 2ND TARGET
* MINIMUM TREND OF 1.5% OF STOCK PRICE 2.5 TIMES
* LAST POINT OF ENGULFING CANDLE AND TREND HAS TO BE SAME
ENTRY POINT
* ENTRY AT SECOND LAST CANDLE BREAKOUT (with in 3 candles)
* ENTRY WITHIN THREE CANDLE
* FIRST TARGET IS 1.5 X (times) OF ENTRY & SL GAP
* SECOND TARGET IS 2.5 X (times) OF ENTRY & SL GAP
INTRADAY
ENTRY POINT
HAMMER BULLISH
(with in 3 candles)
TARGET 2X TIMES
STOP LOSS
TARGET 2X TIMES
SHOOTING BEARISH
STOP LOSS
ENTRY POINT
MARUBOZU BULLISH BEARISH
(with in 3 candles) • 1 TARGET
ST
• 2ND TARGET
1.5 % OF STOCK PRICE
STOP LOSS