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Shayne Heffernan: 10 Best Candlestick Patterns
There is a wealth of information available online and in Bookstores that will teach you the details of using Candlesticks as indicators. The following are 10 candlestick patterns that have in my own experience produced consistent results. These will work better when you understand what is happening in each pattern.
By Shayne Heffernan | Mar 30 | LiveTradingNews
Shayne Heffernan on Trading with Candlestick Patterns
There is a wealth of information available online and in Bookstores that will teach you the details of using Candlesticks as indicators. The following are 10 candlestick patterns that have in my own experience produced consistent results. These will work better when you understand what is happening in each pattern.
By Shayne Heffernan | Feb 19 | LiveTradingNews
Shayne Heffernan's 10 Best Candlestick Patterns to Trade
There is a wealth of information available online and in Bookstores that will teach you the details of using Candlesticks as indicators. The following are 10 candlestick patterns that have in my own experience produced consistent results. These will work better when you understand what is happening in each pattern.
By Shayne Heffernan | Dec 31 | LiveTradingNews
Forex Education and the Retail Forex Trader; Can the Small Guy Win?
Few markets can be as rewarding and punishing to the individual investor than the Global Forex trading marketplace.
Sep 28 | IBTimes
Candlestick Pattern - Hammer and Shooting Star (Forex Education)
The hammer is a bottom reversal pattern that comes after a wave of selling, meaning that is it indicating that downward momentum is coming to an end. The long lower shadow and the close of near the upper end of the session's highs indicates that there was a sharp sell off during the session but prices bounced back closing near its highs.
By Roger Baettig | Aug 31, 2010 | IBTimes
Engulfing Pattern (Forex Education)
A bearish engulfing pattern consists of two candlesticks. A smaller green candlestick would be followed with a red candlestick that is larger than it. What this means is that selling pressure has overwhelmed buying pressure. For this pattern to be significant, the market has had to be in a defined uptrend before the occurrence of this pattern.
By Roger Baettig | Aug 31, 2010 | IBTimes
Candlestick Pattern: Hanging Man (Forex Education)
The hanging man has a shape similar to a hammer except it comes towards the end of a wave of buying, meaning that upward momentum is coming to an end. However, since the long lower shadow is usually positive, it is necessary to wait for bearish confirmation. This confirmation can be a gap down and close or just a close beneath the hanging man.
By Roger Baettig | Aug 31, 2010 | IBTimes
Candlestick Pattern: Doji (Forex Education)
In an uptrend, a Doji signals that upward momentum is waning and a trend reversal might happen. The Doji forming after an uptrend is a signal that upward momentum is waning, and traders who have long positions should be careful. The bearish close below the Doji is a signal that the trend has changed and traders should close their long positions.
By Roger Baettig | Aug 30, 2010 | IBTimes
Three Black Crows (Forex Education)
As the name Three Black Crows suggests, this pattern consists of three consecutive black candles. A typical Three Black Crows formation preferably owns the following characteristics.
By Al Parsai | Aug 26, 2010 | ForexBrace
Three Advancing White Soldiers (Forex Education)
As the name Three Advancing White Soldiers or rather Three White Soldiers suggests, this pattern consists of three consecutive white candles. A typical Three White Soldiers formation preferably owns the following characteristics.
By Al Parsai | Aug 26, 2010 | ForexBrace
Harami Pattern (Forex Education)
The word Harami in Japanese means pregnant. A Harami candle formation is a two candlestick pattern. In an ideal form the first candle has a long real body and the second candle is a spinning top. The real body of the second candle is located within the body of the first candle. In other words open and close of the second candle are within the open and close of the first candle.
By Al Parsai | Aug 26, 2010 | ForexBrace
Morning Star a Bullish Reversal Pattern (Forex Education)
The first candle of the pattern is always bearish. The second candle has a small real body and could be bearish or bullish. The third candle is always bullish. The body of the first and third candle is usually long. The most important characteristic of the Morning Star formation is that the real body of the second candle must lie below the real body of the first candle.
By Al Parsai | Aug 26, 2010 | ForexBrace
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