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The Candlestick Trading Bible – Munehisa Homma”PDF Deatils
|PDF Title:||The Candlestick Trading Bible|
|Total Page:||168 Pages|
|PDF Size:||2.6 MB|
The Candlestick Trading Bible –PDF description
1-Trade the bigger time frames
I’m not against trading lower time frames, you can trade this setup on 5 minutes time frame using other technical indicators to filter your signals and take just high probability setups. But you have to be an experienced trader, if you are beginner i recommend you to stick with trading this signal in bigger time frames such the daily and the 4-hour time frame.
Trading this setup on lower time frame will increase your chance to overtrade the market and take low probability price action signals. And this is the quickest way to blow up your trading account. If you focus just on bigger time frames, this will allow you to set and forget your trade instead of being emotionally controlled by the market.
2-Trade the dominant trend
You should start trading inside bars in line with the direction of the market, especially in a strong bullish or bearish trend, but don’t never try to trade it against the trend if you are a newbie. When you feel like you master trading this pattern with the trend, you can move to trade range bound markets, and counter trends.
3-Trade only from key levels
Remember that not all inside bars are worth your hard-earned money; there are specific locations where this setup works great, so make sure that your signal is located in a key level in the market.
4-Find different factors of confluence
Trading with confluence means combining different signals to make the best trading decision.
Through Candlestick Trading Bible, you will develop a winning trading mindset, and your brain will get used to identifying only high-probability setups that lead to big profits.
The Candlestick Trading Bible is one of the most powerful trading systems in history.
It was invented by Homma Munehisa.
The father of candlestick chart patterns.
This trader is considered to be the most successful trader in history, he was known as the God of markets in his days, his discovery made him more than $10 billion in today’s dollar.
I have spent 10 years compiling, testing, organizing, and consistently updating this method to create my own new version, which is considered to be the easiest and most profitable trading system.
The Candlestick trading bible is the trading method that is going to finally take your trading to where it should be, consistent, profitable, easy and requiring very little time and effort.
This trading system is based on Japanese candlestick patterns in combination with technical analysis.
All what you have to do is to spend as much time as you can to master the method that i’am going to share with you and use it to trade any financial market.
Learning Japanese candlestick is like learning a new language. Imagine you got a book which is written in a foreign language, you look at the pages but you get nothing from what is written.
The same thing when it comes to financial markets. If you don’t know how to read Japanese candlesticks, you will never be able to trade the market.
Japanese candlesticks are the language of financial markets, if you get the skill of reading charts, you will understand what the market is telling you, and you will be able to make the right decision in the right time.