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BEST STRATEGY FOR NEW TRADER | Easy forex strategy | Trading currency for beginners | Forex tips - YouTube
Channel: We are candlestick trader
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thank you for watching candlestick trading video I聽
have a doubt on the entry point here I've attached聽聽
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an example image the pin bar candle opens at聽
close price of the bear candle I don't know I聽聽
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am wrong or right there are two cases one buy as聽
push price from the previous close price then at聽聽
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certain price bears entering at high price and聽
pushing all the way down to the low they are聽聽
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bulls entering and pushing above and closes as聽
green candle in the case the pin bar to sellers聽聽
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pushed the price from the previous close price聽
and then at a certain price bulls entering at low聽聽
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price and pushing all the way to the high there聽
bears pushing below and closes as green candle聽聽
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in this case the pin bar my question is assume聽
when I open the chart I see the bear candle I聽聽
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don't know who will enter from the close price of聽
the bear candle but you say buyers enter point is聽聽
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high of the bear candle and bears entry is at low聽
price of the bear candle either bulls or bears聽聽
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may enter from the close price of a previous聽
candle right yes right then bears entry point聽聽
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is a high price that's why bears rejecting and聽
we see the upper wick and buyers entry point is聽聽
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low price that's why bulls rejecting and we see聽
lower tails right yes right I couldn't get the聽聽
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point what you said in a video please explain聽
it's head spinning thanks and regards here is聽聽
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your attached chart and here is close price and聽
open price the price go all the way to the low聽聽
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and if you buy here at low and came back close聽
price if you close position you can take profit聽聽
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or price go up and enter here at high price sell聽
here and the price came back and close then close聽聽
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position you can take profit but it's hard to聽
entry at high or low we candlestick trader do聽聽
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not predict last bar high price or low price where聽
is price going up or down go higher go lower we聽聽
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not need them it's hard to entry at high price or聽
entry at low price but if candlestick closes here聽聽
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and next candlestick open here then put buy stop聽
order to high and ambush here price the price go聽聽
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all the way to the high go through this price聽
level and price go up and close here so this聽聽
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is profit it's hard to entry at last bar high or聽
low because it's always moving okay here is very聽聽
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important and super profit winning technique for聽
example this candlestick low here and high here聽聽
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close here next candlestick open here then put聽
sell stop to previous candlestick low here sell聽聽
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stop here and buy stop here and price moves go聽
all the way to the low and through this level聽聽
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and hit here sell stop hit here the price go down聽
and close you can take profit here at close price聽聽
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close price close position you can take profit聽
then put buy stop to this candlestick low here聽聽
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here and price next candlestick open here and go聽
up and go through this level on a hit buy stop hit聽聽
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and the price go up and close position at close聽
price here is very important things first time聽聽
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put sell stop here and hit here on a second聽
buy stop here and hit here what is this it's聽聽
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transformation bull bars entry point transforms to聽
bears entry point and bears entry point transforms聽聽
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to bulls entry point this is very very important聽
you describe in this image are bears entry point聽聽
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bulls entry point at this time not bears entry聽
point not bulls entry point at this time bulls聽聽
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entry point here at this time bears entry point聽
here so buy stop here and sell stop here but if聽聽
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price go up and close price open here and up and聽
close then bulls entry point transforms the bears聽聽
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entry point so up and close then put sell stop to聽
this candlestick high buy stop transforms to sell聽聽
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stop okay here is detail this candlestick high聽
here this candlestick low here next candlestick聽聽
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high here low here and this candlestick high is聽
previous high lower high and this candlestick聽聽
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low is previous low higher high then put sell聽
stop this candlestick low and ambush or put buy聽聽
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stop here and hit here go down and close then聽
close position take profit bears entry point聽聽
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transforms to bulls entry point at this time then聽
put buy stop here and hit here the price go up and聽聽
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close then close position and put buy stop and hit聽
here price go up and take profit another example聽聽
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here is low and high next candlestick high and聽
low this candlestick high and low here low here聽聽
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this candlestick high is previous candlestick聽
high lower and this candlestick low is previous聽聽
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candlestick low higher then put sell stop this聽
candlestick low hit here next candlestick little聽聽
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bit go down and close then close position and this聽
bears entry point transforms to bulls entry point聽聽
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at close price or next candlestick open price put聽
buy stop here hit here price go up and close then聽聽
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close position take profit okay another example聽
this candlestick high here a little bit previous聽聽
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candlestick high lower a little bit lower and聽
this candlestick low here previous candlestick聽聽
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low higher so put buy stop to this candlestick聽
high and put sell stop to this candlestick low聽聽
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and next candlestick open here and hit here聽
little bit go up but came back and close you聽聽
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can close position at close price close at this聽
close price fail trade lose but you can put add聽聽
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more lots contract so if you put buy stop 1lot聽
here and 1lot here and a hit here go down and add聽聽
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one more contract add one more lot so buy one buy聽
one lot here and sell 2lots here so sell here buy聽聽
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here one two and hit here price go down and close聽
then close all position buy one lot and sell 2lots聽聽
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close position here it's fail trade but small loss聽
and this candlestick bears entry point transforms聽聽
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to bulls entry point at this time close price next聽
candlestick open price here then put buy stop here聽聽
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and hit here the price up and close then close聽
position repeat this you can take profit any other聽聽
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question comment below or email to me anytime if聽
you like this video push like button please share聽聽
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this video if you haven't already subscribed then聽
subscribed and push notification button thank you
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