http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is $60 per share. However, this stock had been trading on the electronic network in the pre-market hours as low as $59. Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to $59 during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com Forex Trading Online - Free Forex Training. Forex Strategies, Signals and Systems Reviewed. Wed, 15 Jun 2011 16:15:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/#comments Wed, 14 Jul 2010 21:49:45 +0000 Maestro http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/ Candlestick Patterns & Strategies FREE Video Newsletter by Steve Nison considered to be the Father of Candlestick Trading. Get these Forex Scalping Cheatsheets FREE. Download this 1 Minute Forex Trading System FREE. Norman Hallett here from The Disciplined Trader Intensive Program: I generally don't discuss my personal trading techniques. They can easily be misused and/or misconstrued and unless I gave you the complete picture... how I handle a trade sequence from start to finish... it would be of little or no use to you.

However, because I'll be hosting a Webinar in a couple of days (Wednesday, July 7th) with CandleStick Chart Guru, Steve Nison, I felt this would be a good time to give you some personal trading details.

HERE'S WHAT I DO to trigger a "take" on a trade...

1. I trade from daily charts, but this technique can be used for any time frame.

2. I work with only charts that have an established trend, meaning those that have completed at least one 'round' of higher highs and higher lows (or lower highs and lower lows).

3. When the trend starts a correction phase (I'll use an uptrend in this example), I 'spot' the bottom of the just-completed upleg and 'spot' the top of the just-completed upleg, and apply the Fibonacci Retracement lines.

4. I'm looking for the current correction in the uptrend to correct to one of 3 Fibonacci Retracement levels (38%, 50% or 62%) Note: 50% is really not a FR level, but it commonly a key point.

5. When the market gets to one of these levels, I am in the "acute focus" stage, looking for the turnaround back to the primary trend... and that turnaround signal is given to me via a high-probability CandleStick Reversal Formation (one of 3 formations).

6. When the CSRF is confirmed, I take the trade in the direction of the primary trend, and place my stop on a close-only basis below the 62% correction level.

7. With the first 'thrust' higher, I quickly bring my stop to break-even.

At this point, this is all I can reveal. Again, I'm not in the business of giving trading advice... I'm in the business of keeping you mentally and emotionally 'fit' to trade... but the fact that THIS EXACT PROCEDURE is responsible for the initiation of over 75% of my trades this year and last year and I've done very well, I decided to reveal it.

I did not tell you how I scale in and out of trades on the way up, or go through my target selections, etc., so don't go using the above without INTEGRATING it into your total trading plan and risk management scheme.

I give you these steps because... well, they've been working for me. I've combined the scientific TRUTHS of the Fibonacci Ratio, with the EMOTIONAL TRIGGER of Candlesticks...and it's EXACTLY these emotional triggers Steve Nison will be discussing in his exclusive talk to my subscribers on Wednesday, July 7th, at 8:30 PM Eastern time...

IMPORTANT NOTE: If you cannot be there live at this Webinar, register anyway, and you'll get the replay link for the event, assuming there are no glitches during the recording procedure. But YOU SHOULD try to be there live as Mr. Nison will take your personal questions right after his formal presentation.

SPECIFICS on Mr. Nison's presentation:

No matter what you trade, you can improve your performance with these key topics covered in this high-energy, informative and entertaining Webinar...

=> See how Nison Candles will give traders (especially options traders) vital timing advantages in entering BEFORE the potential big moves start.

=> Why you MUST know about the "Trading Triad" in your trading, or face the consequences.

=> Discover what the candlestick line is telling you about the health of the market so you know exactly when to exit, enter, or stand aside.

=> See how to avoid some of the most common miscues of candles that could cost you big $$$.

=> PARTICIPATE in the LIVE Q&A to have rock solid confidence about what you've learned at the Webinar.

=> Discover how to use candles with Western indicators for super-confident trading.

You already know I'm a big fan of CandleSticks because they are the best measure, in my opinion, of market emotion... and Steve Nison is the God Father of Candle analysis...
]]> http://www.forexmaestro.com/steve-nison-on-candlestick-patterns-that-tell-about-the-big-move-in-the-market/feed/ 0 http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/#comments Fri, 02 Apr 2010 10:34:39 +0000 Maestro http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/ Trading Discipline audios plus the Risk & Money Management eBook by Norman Hallet FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Suppose you want to sell the stock because you believe that the price is close to peaking. The appearance of a candlestick pattern showing the trend is still in place and is expected to continue my help you exit at a still more profitable price. Thrusting Lines Candlestick Pattern is one such trend confirming pattern.

There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.

What this means is that on the first day, bulls had been in charge of the market. On the second day, bulls push a security to have a gap opening. This brings in some sellers but the bears are unable to push the price above the middle of the previous day. This means is that bulls are still around and are poised to take control of the market again.

This type of a candlestick pattern is a great help if you are thinking of riding the trend, this is a signal that you can get on board as the trend is expected to continue and price will continue to go up.

The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.

The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.

However, on the signal day, the bulls come into play and start buying. There is so much bullishness in the market that the opening price of the signal day is equal to the opening price of the set up day. From that point on the bulls dominate the market and the uptrend continues.

Now both these candlestick patterns are rare and do not appear frequently. But when they appear during an uptrend, it means that the uptrend is going to continue. In the same way, bearish thrusting lines and bearish separating lines are formed in an opposite manner and confirm the continuation of the downtrend.]]> http://www.forexmaestro.com/bullish-thrusting-lines-and-separating-lines-candlestick-trend-confirming-patterns/feed/ 0 http://www.forexmaestro.com/candlestick-charting-potential-risks/ http://www.forexmaestro.com/candlestick-charting-potential-risks/#comments Thu, 01 Apr 2010 03:19:09 +0000 Maestro http://www.forexmaestro.com/candlestick-charting-potential-risks/ FRWC Brutal Truth FREE Report that exposes everything about forex robots. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Master these Candlestick Patterns with this 82 page FREE PDF Candlestick Guide. Candlestick charts is a visual representation of the battle between the bulls and the bears that takes place in the market. It takes time for this battle to take shape. Candlestick patterns on the very short timeframes used for scalping and some other day trading strategies may not give signals that can be properly interpreted and traded.

In the last decade electronic trading has become highly popular. What this means is that significant volume of the trading takes place outside of the regular market hours. This trading can cause patterns that don't reflect the full picture to appear on a candlestick chart.

For example, stock ABC trades on NYSE. NYSE officially opens at 9:30 AM EST for trading. Stock ABC open price is per share. However, this stock had been trading on the electronic network in the pre-market hours as low as . Now the open on the NYSE may not be a true reflection of where the stock had been trading initially on that day.

What this means is that the open recorded on the candlestick chart is not accurate. Now, suppose the stock ABC never trades down to during the day. So, the low on the candlestick chart may not be an accurate depiction of the day's price action.

So candlestick charts on very short time frame may not be able to produce accurate trading signals. Couple this with the fact that most of the trading now also takes place on the electronic networks makes them somewhat inaccurate sometimes. These are the two risks or what you may call limitations that you need to keep in your mind.

Apart from that candlestick chart is a powerful tool in the hands of an experienced trader. When an experienced trader combines these charts with technical indicators, this combination can produce highly accurate trading signals.

There are many candlestick patterns that can be used to produce buy and sell signals. Some of these candlestick patterns are simple while others are complex. Single stick candlestick patterns can be easily spotted while double stick and three stick candlestick patterns can take two to three days to develop. Mastering these candlestick patterns is what you need to do as a serious trader.

Now Yahoo Finance is an excellent free resource that you can use to create candlestick charts for any stock by just entering the stock ticker symbol. You should play around with the options available for Yahoo Finance. This will help you to learn a lot of new things about candlestick charts.]]> http://www.forexmaestro.com/candlestick-charting-potential-risks/feed/ 0 http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/#comments Tue, 30 Mar 2010 11:17:06 +0000 Maestro http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. These are infact five very simple 1 minute Forex Secret Trades that you can make anytime instantly to make money. You can practice them on your demo account before trading them live. Master these Candlestick Patterns with this FREE 82 page FREE Candlestick Guide complete with strategy flash cards. Three stick candlestick patterns when added to your trading arsenal make your trading strategies more complicated and more interesting. These candlestick patterns are more of a challenge than the one stick or two stick candlestick patterns. This is due to the fact that there are several rules that each much follow in order to emerge as a valid signal.

Three stick candlestick patterns can be more frustrating to observe as compared to the one stick or two stick patterns. You may watch the first two days of your favorite pattern begin to emerge only to see it fizzle out on the third day.

However, if you are able to master these patterns; these can be valuable tools when trying to predict trend reversals or continuation of the present trend. These three stick candlestick patterns can be highly profitable if you are able to spot them. You can use these patterns to make highly effective and efficient trades.

These three stick candlestick patterns can be divided into two broad categories of Bullish and Bearish. Bullish three stick candlestick patterns offers you a heads up when the down trend is about to change.

With three days needed for these candlestick patterns to complete, you have time to watch as these candlestick patterns shape up! Now, you should be focused in when the third day rolls up after you have noticed some interesting developments during the preceding two days.

The most popular bullish three stick candlestick trend reversal patterns are the Three Inside Up Pattern, Three Outside Up Pattern, The Three White Soldier Pattern, The Morning Star and the Doji Star Patterns, The Bullish Abandoned Baby Pattern and The Bullish Squeeze Alert Pattern.

Popular three stick bullish trending patterns are The Bullish Side by Side White Lines Pattern, The Bullish Side by Side Black Lines Pattern, The Upside Tasuki Gap Pattern and The Upside Gap Filled Pattern!

Similarly most popular bearish three stick trend reversal candlestick patterns are The Three Inside Down Pattern, The Three Outside Down Pattern, The Three Black Crows Pattern, The Evening Star and the Bearish Doji Pattern!

Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as these patterns might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these candlestick patterns can be highly effective and profitable buy or sell signals for you.]]> http://www.forexmaestro.com/three-stick-candlestick-patterns-valuable-tools-in-predicting-trend-reversals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/#comments Sun, 28 Mar 2010 16:21:03 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/ Forex Magic Bullet! First test it on your Forex Demo Account. Master Candlestick Patterns with this 82 page FREE PDF Candlestick Guide! The most bullish of the candlestick pattern is the long white candle. It represents that day when bulls have been in total control of the market throughout the trading day pushing prices higher from the opening to the closing.

As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher.

With the long white candle closing near the high of the day, this is an indication that the bulls aren't done with their buying and will be back for more on the following day. What this means is that there wasn't enough of the securities in the market to keep the buyers from pushing the prices higher.

In case of a true white Marubozu, the opening price is equal to the low of the day and the closing price is equal to the high for the day. Now, this might occur occasionally. For our purposes, a white candle may have some wick on its both ends. What this means is that the opening price in case of a long white candle will be close to the low of the day and the closing price will be close to the high for the day.

To figure out that you are indeed looking at a long white candle, determine the area covered by the body of the candle that is between the open and close. This area should be at least 90% of the distance between the high and low. If so, you have a long white candle.

On a long white candle day, a lot of price action is covered by a very short amount of time. Price action doesn't move in one direction for that matter without retracing some part of it. This normal retracing of the price action gives you a chance to act on the signal provided by the bullish long white candle.

With long white candlesticks, the low price on the candlestick is a good support level. Support is the level where the buyers are expected to support the price of the stock or for that matter the security.

Now there are three variations to the long white candle. The long white Marubozu without any wick, this is the most bullish. The other is the closing white Marubozu. In this case, the close is equal to the high meaning there is no wick on the top. The other is the opening white Marubozu. In this case, the opening price is equal to the low meaning that there is no wick on the bottom.]]> http://www.forexmaestro.com/candlestick-patterns-bullish-white-long-candlestick-the-bullish-white-marubozu/feed/ 0 http://www.forexmaestro.com/harami-candlestick-pattern/ http://www.forexmaestro.com/harami-candlestick-pattern/#comments Fri, 26 Mar 2010 19:50:25 +0000 Maestro http://www.forexmaestro.com/harami-candlestick-pattern/ Candlestick Patterns with this 82 page FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Thia powerful fibonacci strike method is a free gift from Tim Strignano- an EX-Chief Bank Trader with 25+ years of professional trading experience. Get these Forex Scalping Cheatsheets FREE. Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.

A bullish Harami candlestick pattern is formed when the first day candle is bearish. Rather the first day is very bearish and occurs on a downtrend. But on the second day, the bulls come into action and try to move the prices higher. But bulls are not very successful. The second day close is still lower than the first day open and the first day's high is never surpassed. However, the second day is a signal that the bulls have started to take the stand and stop the current downtrend.

The second day is still a down day that follows a bearish trend. On the second day, the open is higher than the close of the first day. The bulls ruled the second day as the close is higher than the open.

The bulls are still cautious after the downtrend thinking that the bears are going to come back again and push the prices still lower. The confidence the bulls gain when this does not happens encourages more buying and the culmination of the downtrend and the start of an uptrend.

Just like with other candlestick patterns, a Harami pattern can fail. So to be on the safe side when trading on the Harami, place the stop loss close to the open of the second day or what you call the signal day.

Harami has a few variations. In the Bullish Harami Cross Pattern, the first day is bearish. On the second day or what you call the signal day, you will find a bullish Doji formed with an open higher than the close of the first day and a close lower than the open of the first day. Bullish Harami Cross is not a frequent pattern but when it does appear, it means an abrupt trend reversal.

The bearish Harami Pattern is the other way around. The first day candle is bullish but the second day candle is bearish with the open lower than the close of the first day and the close higher than the open of the first day. But this means is that bears have taken over the market and soon a new downtrend is going to develop.]]> http://www.forexmaestro.com/harami-candlestick-pattern/feed/ 0 http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/#comments Mon, 22 Mar 2010 11:17:23 +0000 Maestro http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/ Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Master these Candlestick Patterns with this FREE 82 page FREE PDF Candlestick Guide. Trendlines are one of the most basic and easiest technical analysis tools that any trader learns to use from the very start of his or her trading career. A trendline with a positive slope indicates an uptrend and a trendline with a negative slope indicates a down trend.

Now, you can draw the trendline yourself. However, most of the trading software can draw the trendlines for you automatically so you don't need to do much. Drawing trendlines is always a subjective matter. It looks obvious but sometimes, you can question the placement of the trendline. But don't worry too much about it when you use this method.

One of the most powerful methods of trading trends is combining trendlines one of the most basic tools in technical with trending candlestick patterns that signal that a trend in place will continue. You can use this combination to decide when to buy and enter a long position or when you should stick with the trend to realize additional profits.

Because trendlines are so useful for trend confirmation, you can trade with confidence when you use the combination of bullish trendlines with bullish candlestick trending patterns. This combination can tell you when to stick with an existing position and when to initiate a new position.

For example, the trendline has a positive slope meaning there is an uptrend. If you spot a trend confirmation candlestick pattern, it means that you can continue in that position for additional profits. When you spot the trend reversal candlestick pattern, you should take it as a signal that the trend is about to reverse itself and this is the best time to get out of the trend. You can use two stick candlestick patterns and even three stick candlestick patterns for example the bullish neckline pattern or the bullish thrusting line pattern and others.

Now as said before, in addition to confirming trends and letting you know when to get in on a long trade, this combination of trendlines and candlestick patterns can also help you to decide when it is the best time to get out of a trade.

How to exit with a trendline? Trendlines keep changing everyday! The first way to go about it is to draw a support trendline daily and place an appropriate stop loss that is good for that trade. This is a good stop loss exit strategy as the trendlines move with the trend, your stop loss exit also moves daily. The second method is to exit if the closing price is lower than the trendline. However, the first method is far more superior.]]> http://www.forexmaestro.com/how-to-use-trendlines-and-bullish-trending-candlestick-patterns-for-buy-signals/feed/ 0 http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/#comments Fri, 19 Mar 2010 21:13:08 +0000 Maestro http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/ Forex Scalping Cheatsheets FREE. Read this shocking 40 page FRWC Brutal Truth FREE Report on forex robots. Download this simple 1 Minute Forex Trading System that makes money anytime instantly FREE just now. This forex trading system comprises five forex scalping strategies that you can implement anytime you want to make money instantly. Even though there are many candlestick patterns and formation that traders use in making trading decisions, however there are three bullish candlestick patterns that give great buy signals. You should master these three bullish candlestick patterns. These three bullish candlestick patterns are:

1)- Morning Star 2)- A Bullish Engulfing Pattern 3)- A Tweezer Bottom

Now these three candlestick patterns can occur both in an uptrend as well as a downtrend. However, these patterns are of great value and offer great returns if spotted correctly in an uptrend. These patterns when they appear on a smaller time frame should be ignored which many times is nothing more than the end of a retracement on a larger time frame. If they appear in a sideways or consolidating market, they should again be ignored. However, when these three candlestick patterns appear in an uptrend they can be highly profitable. These patterns are ideal on 1 hour or higher timeframe charts.

Morning Star; A morning star is formed when a large bearish candlestick is followed by one or more candles with very small bodies which is followed by a bullish candle that forms 60% above the bearish candle. Appearance of a morning star signals that the bears are losing control of the market and investors are no longer selling.

More buyers have stepped in which has equaled the number of buyers and sellers. Soon the number of buyers will exceed the number of sellers in the market and the market is going to turn bullish. When traders spot the morning star pattern, they greedily start buying after the formation of the bullish candle starting a new rally in the market.

The Bullish Engulfing Pattern: A bullish engulfing candlestick pattern signals the end of a down movement and impending reversal in the price action. A bullish engulfing pattern is formed when a bullish candle is formed that is larger than the previous one or more bearish candles and in a way engulfs them. This candlestick pattern is a strong sign of a U-turn in the market.

Tweezer Bottom: A tweezers bottom is formed when a bearish candle is followed by one, two, three or more candles with very small bodies and large wicks on the downside. A tweezer bottom is a sign of selling exhaustion in the market. An ideal Tweezer bottom is formed when the two candles with very small bodies with equal wicks are formed. However, this need not be the case always; these two small body candles can be a few candles away as long as the wicks are the same.]]> http://www.forexmaestro.com/buy-signals-three-bullish-candlestick-patterns-that-give-great-buy-signals/feed/ 0 http://www.forexmaestro.com/candlestick-patterns-that-reveal-trend-changes/ http://www.forexmaestro.com/candlestick-patterns-that-reveal-trend-changes/#comments Wed, 10 Mar 2010 09:04:34 +0000 Maestro http://www.forexmaestro.com/candlestick-patterns-that-reveal-trend-changes/ Forex Trading System FREE. Get these Forex Scalping Cheatsheets FREE. Download your FREE COPIES of the HVMM Ultimate Day Trading System plus the Risk & Money Management Tool just now! There are many candlestick patterns that are used by traders to identify trend changes in a security price. The most popular candlestick trend reversal pattern is the Hammer. First if you don't know anything about candlesticks, a candle is formed with the high, low, opening and closing price of a security. Candlesticks have much in common with the bar charts but they have many things different too as well.

A Hammer represents the bottom of the trend. It occurs at the end of the downtrend. Hammers have small bodies and long shadows. Hammers have infact long lower shadow and a small upper shadow. What a hammer reveals is that after the price of the security opened on the market, sellers drove it down further.

By the end of the day, buyers have recouped much of their losses to end the day near or at the high. No Hammer is complete without confirmation. If the price action directly after the Hammer is down, no hammer has taken place. A true Hammer cannot have its low violated by subsequent price action. Volume should also be taken into account. If the volume is heavy, the Hammer formed is genuine.

Now a Hanging Man is identical to a hammer with the exception that it occurs at the uptrend. It crops up at the top of the price action on heavy volume and is confirmed by subsequent price action confirming the top. If the high of the Hanging Man is surpassed, then this signal is invalid.

Bullish and Bearish Engulfing Patterns are another candlestick trend reversal patterns. A Bullish Engulfing Pattern is formed when a candlestick bar opens lower than the previous candlestick's close and closes higher than the previous candlestick's open.

In simple terms, the candlestick body engulfs the previous candlestick's body. Why is this pattern bullish? It represents a major defeat for the bears. Bullish Engulfing patterns are highly accurate but if the subsequent price trades below them than the pattern failed.

Similarly a Bearish Engulfing Patterns occurs at the end of an uptrend and marks important reversals. They are characterized by two bar formations. The first candlestick represents a small body. The second candlestick opens higher than the previous candlestick close and closes lower than the previous candlestick open, thus engulfing the previous candlestick body.

In the last decade use of candlestick patterns have become highly popular among the traders. These candlestick patterns are just a few of the many that can be used in confirming a change in the price action. Combining technical indicators with these candlestick patterns can be very powerful.]]> http://www.forexmaestro.com/candlestick-patterns-that-reveal-trend-changes/feed/ 0