Sentences with phrase «next candle»

Could you please reply my question - How to tell in advance what next candle (trend) on Price Action is coming in?

i think we should always wait for next candle after the pin bar to close for confirmation whether it is bearish / bullish or not.

The idea is to wait for a pullback (by one of the following candles — preferably the very next candle) to the 50 % mark of the total range of the engulfing candle during certain situations.

#Bitcoin (ers) should NOT Greedy Here, $ BTCUSD 4 hr Chart is about to be on a 9 Sell next Candle (Note: Intersection Missing).

You enter half way through a pin bar at the next candle, right?

Your entry would be the standard entry for a bullish engulfing pattern, which is the open of the next candle.

I would have stop trading but your articles made me to stay back, on your daily engulfing candle 50 % entry, will I cancel the order if it did not trigger on the next candle or how many candles will it take to trigger?

If I were trading it without my filters today, I would consider a 3:1 reward to risk ratio when entering on the open of the next candle (standard entry # 1) or when using the 50 % entry (without a confirmation candle).

This is a strong bullish signal, but the length of the third candle has diluted the risk to reward potential on this trade (assuming you were planning on entering at the open of the next candle).

The next candle was another bearish candlestick, which had a real body that was bigger than the previous 10 or so candlesticks.

In order to make a bullish piercing pattern, the next candle must close somewhere above the halfway mark of the preceding bearish candle's real body, which our example below does (barely).

You enter half way through a pin bar at the next candle, right?

If you only trade from the daily charts the retracements will probably be as soon as the next candle, since almost every candle will retrace as much as 50 % or so before moving in the expected direction.

To be certain it is a hammer candle, check where the next candle closes.

However, if you would have waited for the shooting star to form, and then entered on the open of the next candle, you could have made at least 3x your risk (nearly 4x).

My other question is let's say the next candle is bearish, however it still doesn't didn't close from the previous candle, what happens after that?

How the next candle closes will provide important clues as to whether there is a signal worth taking.

Find your next candle holder to show off your ivory candles.