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Beginner Candlestick Cheat Sheet

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0% found this document useful (0 votes)
125 views20 pages

Beginner Candlestick Cheat Sheet

Uploaded by

ysxw2jvjjv
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 20

BeginnerCheatSheet :

MasteringCandlest
ick
Pat
ternsforSuccessful
DayTrading

Page1of20
Be
g i
nnerChea
tShee
t
DI
SCLAI
MER
NeuroSt reethasnofinanci alint
er esti
ntheout comeofanyt r
adesmenti
onedher ein.Thereis
asubs tanti
alris
kofl osswhent radingsecuri
ti
es .Youneedt odeter
mineyourowns ui
tabil
it
yto
tr
adet hem.Ther emaybet axcons equencesfors hortt
ermprofit
sorlossesontrades.Cons ul
t
yourtaxpr ofessi
onaloradvi sorf ordetai
lsonthes eifappli
cabl
e.Neit
herNeuroStreet,norits
pri
nciplesorempl oyeesarelicens edbrokersoradvi s
ors.Becomingasubscri
berand/ ortr
ading
anyoft hesel essonsors t
rategiespr esumesyouhavef ull
yreadandunderstoodther is
kinvolved
i
nt r
adingass etforthbelow:

NeuroSt r
eetoffer sser vi
cesandpr oductsforeducat i
onalpur posesonl
y .Thegener i
cmar ket
recommendat i
onspr ovidedbyusar ebas eds olel
yont hej udgmentofourper s
onneland
shouldbecons i
deredass uch.Youacknowl edget hatyouent eri
ntoanyt ransacti
onsrel
yingon
yourownj udgment.Anymar ketr
ecommendat ionsprovidedbyusar egener iconlyandmayor
maynotbecons i
stentwi t
ht hemar ketpos i
ti
onsori ntenti
onsofourfir m and/orouraffil i
ates.
Anyopi nions,news,res earch,anal
ys i
s,pri
ces,orot herinf
or mati
oncontainedonourwebs i
teor
bypres entati
onofourmat eriali
spr ovi
dedasgener almar ketcomment ary,anddonot
consti
tuteadvisoryservices .

CFTCRULE4. 41–Hypot heticalper f


or mancer es ultshavemanyi nher entli
mi t
ations,someof
whi char edes cribedbel ow.Nor epr es entationisbei ngmadet hatanyaccountwi l
lorisli
kel
yto
achi evepr ofitsorl ossess imilartot hos eshown. I
nf act ,t
herear ef r
equent l
ys harpdifferences
betweenhypot het i
calper formancer es ult
sandt heact ualresult
ss ubs equent lyachievedbyany
particulartradi
ngpr ogram.Oneoft hel imit
at i
onsofhypot heti
calper f
ormancer esult
sisthat
theyar egener all
ypr epar edwi tht hebenefitofhi nds ight.Inaddi t
ion,hypot het i
caltr
adingdoes
noti nvolvefinanci alr i
sk,andnohypot heticaltradi ngr ecordcancompl etelyaccountforthe
i
mpactoffinanci alri
skinact ualtradi ng.Forexampl e,t heabilit
yt owi thstandl ossesortoadhere
toapar ti
culartradingpr ogr am ins piteoft radingl os s esaremat erialpointswhi chcanal so
adver selyaffectact ualtradingr es ults.Ther ear enumer ousot herfactor srelatedtothemar ket
s
i
ngener alortot hei mplement at
ionofanys pecifict r adingprogr am
whi chcannotbef ull
yaccount edf ori nt hepr epar ationofhypot hetical
per f
or mancer es ult
sandal lofwhi chcanadver selyaffectact ual
tradingr esult
s.

Page2of20
Be
g i
nnerChea
tShee
t

I
ntr
oduct
iont
oCandl
est
ickPat
ter
ns

Whatar
eCandl
est
ickPat
ter
ns?
Candlesti
ckpat ter
nsareusedi nt
echnicalanalys
istounderst
andmarketsenti
mentandpredi
ctfut
urepri
ce
movement sbas edonhistor
icalpr
icedata.Eachcandlest
ickonachartrepr
esentsaspeci
ficti
meper i
od
(e.g.
,onemi nute,oneday,oneweek)ands howsfourkeypiecesofi
nformat
ion:t
heopeningpri
ce,t
he
closi
ngprice,thehighestpri
ce,andthelowes tpri
ceduri
ngthatperi
od.

Candlest
ickpatt
ernsar
evi sualr
epr
esent
ationst
hatcombinemul t
ipl
ecandlest
ickstoformshapesand
patt
ernsthatt
radersi
nter
prettomakeinf
ormedt radi
ngdecisi
ons.Thes
epat t
ernscani ndi
cat
emarket
tr
ends,potent
ialr
evers
als,andconti
nuat
ions,makingthem i
nval
uablet
oolsfortrader
s.

I
mpor
tanc
einDayTr
adi
ng
1
.Mar
ketSenti
mentAnal ysi
s:
Candl
es t
ickpatt
ernsprovi
deinsi
ghtsi
ntot
heps ychol
ogyofmarketpart
ici
pant
s.Byanal
yzi
ngthepat
terns
,
tr
aderscangaugewhet herbuyersors
ell
ersar
ei ncontr
ol,al
l
owingthem t
oanti
cipat
epri
cemovementsand
adj
usttheirs
trat
egiesaccor
dingl
y.

2.Pr
edict
ingMar ketMovements:
Candles
tic
kpat t
ernscansignal
potent
ial
pri
cerevers
alsorcont
inuati
ons
.Rec
ogniz
ingthesepat
ter
nsenabl
es
tr
aderstoenterandex i
ttr
adesatopti
malpoi
nts,maxi
mizi
ngprofit
sandmini
miz
inglos
s es
.

3.Vi
sualandI ntui
ti
ve:
Unli
keot hertechni
calanal
ysi
stoolsthatmayr
equi
recomplexcal
cul
ati
ons,c
andlesti
ckpat
ter
nsarevi
sual
and
i
ntui
tive.Thismakesthem access
ibletotr
ader
sofal
lexper
ienc
elevel
s,fr
om beginner
stoexper
ts.

4.Versat
il
it
y:
Candlest
ickpatt
ernscanbeappl
i
edt ovar
iousti
meframesandas
setcl
ass
es,incl
udingst
ocks
,for
ex,c
ommodi
ti
es,
andcryptocur
renci
es.Thi
sver
sat
il
it
ymakest hem af
undament
alt
ooli
nanytrader’
stool
kit
.

5.EnhancingOtherTec
hnicalIndi
cator
s:
Whenus edinconj
unctionwithothertec
hnic
alindi
cators(e.
g.,movi
ngaver
ages,
RSI
,MACD) ,candl
esti
ckpat t
ernscanenhancetheaccuracyoftradi
ngsi
gnal
s,
pr
ovidingamor ecomprehens i
veviewofmarketcondit
ions.

Page3of20
Be
g i
nnerChea
tShee
t

I
ntr
oduct
iont
oCandl
est
ickPat
ter
ns

WhyLear
nCandl
est
ickPat
ter
ns?
● Foundati
onofT echni
calAnalysi
s:
Candlest
ickpatter
nsareoneoft hef
oundationalel
ementsoft
echni
calanalys
is.Under
standi
ng
thesepatter
nsequipstraderswit
hessent
ialski
ll
stoanal
yzeandint
erpretmarketdat
aeffecti
vel
y.

●I
mprovedDecis
ionMaki
ng:
Wit
has oli
dgras
pofcandl
est
ickpatt
erns,t
rader
scanmakemor
einf
ormeddeci
si
ons
,reduci
ng
t
helikel
i
hoodofimpul
si
veoremotional
ly-
dri
ventrades

● Competi
ti
veAdvantage:
I
nthefast
-pacedworldofdaytr
ading,havi
ngtheabil
it
ytoquickl
yidenti
fyandactoncandl
est
ick
pat
ter
nscanpr ovi
deasigni
ficantcompetit
iveadvant
ageoverothertr
aders.

Bymasteri
ngcandles
tickpatterns,t
raderscandevel
opadeeper
under
standi
ngofmarketdy nami c
s,improvethei
rtr
adings
trat
egi
es,
andenhancethei
roverall
tradingper f
ormance.

I
nt henextsect
ion,wewil
ldel
veint
ot hetop10c
andles
tic
kpatterns
thatev
erytr
aders houl
dknow,completewit
hdetai
l
edexplanat
ions
andwin-r
ateranges.

Page4of20
Be
g i
nnerChea
tShee
t

TOP-
10Candl
est
ickPat
ter
ns
DOJI
ADoji
candles
tic
kf or
mswhenas ecur
it
y'
sopenandclosepri
cesarev
irt
uall
yequal
.
Thi
spatt
ernsi
gnifiesindec
isi
oni
nthemarket
,asbuy
er sandsel
ler
sar
eev enl
ymatched.

TheDojiof
tenappearsasac r
ossorpluss
ign.Ther
earesever
alt
ypesofDoji
candl
esti
cks,
i
ncludi
ngtheStandardDoji
,Long-
LeggedDoji
,DragonflyDoj
i,
andGraves
toneDoji
,each
wit
huniquecharact
eri
sti
cs:

● STANDARDDOJ I:Reflectsabal ancebetweens upplyanddemand.


●L ONG-LEGGEDDOJ I
:Featureslongerwic ks,indicat
ingahigherlevelofmarketi
ndeci
si
on.
● DRAGONFL YDOJ I
:Hasal ongl owerwickandnoupperwi ck, of
tenfoundatthebott
om of
downtr
ends,s
uggesti
ngapot enti
albull
i
s hr eversal.
● GRAVESTONEDOJ I
:Hasal ongupperwi ckandnol owerwick,t
y pi
cal
lyseenatthet
opof
upt
rends,
indi
cat
ingapot enti
albearis
hr ev ers
al.

HOW TOTRADE:Waitf
orconfir
mat i
oninthef
orm ofasubs
equentc
andlest
ickt
hatal
i
gnswi t
hthe
anti
ci
pat
edmar
ketdi
rect
ion(
bul
li
s hforDr
agonflyDoji
,bear
ishf
orGrav
estoneDoji
)
.Entert
he
tr
adeoncec
onfir
mati
onisobserved.

Wi
n-r
ater
ange:50%-
55%

BEARI
SHTRADE

Page5of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

Hammer
TheHammerc andles
tickpat
ternappearsaft
eradowntrendandischaract
eri
zedbyas mal
l bodyat
theupperendofthetradi
ngrangeandal onglowerwic
k. Thi
spat
ternsuggestst
hatdespi
tes el
l
ing
pres
sure,buy
ersmanagedt opushpricesbackup,si
gnali
ngapotenti
alrever
salt
otheupside.

Thel
owerwickshoul
dbeatleastt
wic
ethel
engt
hofthebody,
andthecoloroft
hebodyi
sles
s
i
mport
ant
,thoughagreen(
bull
is
h)bodyi
smorebul
l
ishthanared(
bear
ish)one.

HowtoTrade:Ent
eral
ongposi
ti
onwhenabulli
shc andl
est
ickconfir
mstherev
ersalbyc
los
ing
abov
ethehammer '
scl
ose.
Setastop-
los
sbel
owt hehammer '
slowtomanageri
sk.

Wi
n-r
ater
ange:60%-
65%

Page6of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

I
nver
tedHammer
TheInvert
edHammeri sabul li
shrever
salpat
ter
nthatformsaf
teradownt r
end.I
thasas mall
body
att
hel owerendofthetradingrange,al
ongupperwick,andli
tt
letonolowerwick.Thelongupper
wic
ki ndi
catest
hatbuyersat t
emptedtopushpri
ceshigher,
butsell
ersmanagedtobringpri
ces
backdown. However,t
heappear anceoft
heInvert
edHammers uggest
sthatbuy
inginter
esti
s
emerging,andapotenti
alreversalt
otheupsi
demayoc c
ur.

HowtoTrade:Enteral
ongposi
ti
onwhenabul
li
shcandl
est
ickc
onfir
mstherevers
albyc
los
ing
abov
etheInvert
edHammer'sbody.
Plac
east
op-l
ossbel
owthelowoft
heInver
tedHammer.

Wi
n-r
ater
ange:55%-
60%

Page7of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

Hangi
ngMan
TheHangingMani sabearishrev er
salpatt
ernthatf
ormsafteranuptrend.I
tlookssimilartothe
Hammerbutappear satt
het opofanupt r
end.Thepatter
nc onsi
stsofasmallbodyatt heupper
endofthetradi
ngrangeandal onglowerwick.Thelonglowerwic ki
ndicat
esthatsell
er spushed
pri
cesl
owerdur i
ngthetr
adings ess
ion,butbuyerswereabl
et orecoversomeoft helos ses
.
However,t
heappearanceoft heHangi ngMans uggest
sthattheupt r
endmaybel osingmoment um
andsel
li
ngpr es
sureisi
ncreas i
ng.

HowtoTrade:Wai
tforabear
ishcandlest
icktoc onfir
mt hepatt
ernbyclos
ingbel
owtheHangi
ng
Man'
sbody.Ent
erashortpos
iti
onatthispointandplaceastop-l
ossabovethehi
ghoft
he
Hangi
ngMan.

Wi
n-r
ater
ange:55%-
60%

Page8of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

Bul
li
shEngul
fing
TheBulli
shEngul fingpatternisatwo-candl
ef or
mati
onthatsignalsapotenti
alr
evers
alt
othe
upside.
Itoccursinadownt rendandc onsis
tsofasmallbeari
shc andl
efoll
owedbyal ar
ger
bull
ishcandl
et hatcompletelyengul
fsthebodyofthepreviousc andl
e.Thispat
ter
nindi
cat
es
thatbuyi
ngpr essurehasov erwhel
meds ell
ingpres
sure.

HowtoTrade:Ent
eralongposit
iononc
ethebul
l
ishengul
fingcandlecl
osesabov
ethepr
evi
ous
bear
ishc
andle.Pl
aceastop-
los
sbelowthel
owofthebull
i
shengulfingcandl
e.

Wi
n-r
ater
ange:60%-
65%

Page9of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

Bear
ishEngul
fing
TheBearishEngul
fingpatter
nistheoppos i
teoftheBull
is
hEngulfingpatter
n.I
tappearsinan
uptr
endandc onsi
stsofasmall
bul l
i
shc andlefol
lowedbyalargerbeari
shcandl
et hatc
ompletel
y
engulf
sthebodyoftheprevi
ousc andle.Thispatt
ernsugges
tsthatsel
l
ingpressur
ehasov er
come
buyi
ngpr ess
ure,i
ndic
ati
ngapotent i
alreversalt
othedownside.

HowtoTrade:Ent
eras
hortposi
ti
ononcet
hebeari
shengul
fingcandl
ecl
osesbelowt
hepr
evi
ous
bul
l
ishc
andle.Pl
aceast
op-l
ossabov
ethehighoft
hebeari
shengul
fingc
andle.

Wi
n-r
ater
ange:60%-
65%

Page1
0of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

Mor
ningSt
ar
TheMorni
ngSt
ari
sabul
l
isht
hree-
candl
epat
ter
nthati
ndi
cat
esapot
ent
ial
rev
ers
alf
rom a
downt
rend.

I
tconsi
stsof:
● Alongbearishcandl
e.
● Ashort-
bodiedcandle(bul
l
ishorbeari
sh)t
hatgapsdownfr
om t
heprevi
ousc
andl
e.
● Alongbull
ishcandlethatc
loseswell
intot
hebodyofthefirs
tcandl
e.

Thefirstcandl
eshowsthecont
inuati
onofthedownt
rend,
thes
econdc
andl
eindi
cat
esi
ndec
isi
on,
andthethir
dcandl
esignal
sastrongbul
li
shrever
sal
.

HowtoTrade:Ent
eralongposit
ionwhenthet
hirdbul
l
ishc
andlec
losesabov
ethemi
dpoi
ntoft
he
fir
stbear
ishcandl
e.Pl
aceastop-l
ossbel
owthelowofthesec
ondcandle.

Wi
n-r
ater
ange:65%-
70%

Page1
1of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

Eveni
ngSt
ar
TheEveni
ngSt
ari
sabear
isht
hree-
candl
epat
ter
nthati
ndi
cat
esapot
ent
ial
rev
ers
alf
rom an
upt
rend.

I
tconsi
stsof
:
● Alongbull
is
hcandle.
● Ashort-
bodi
edcandle(bul
l
ishorbear
ish)t
hatgapsupf
rom t
heprev
iousc
andl
e.
● Alongbeari
shcandlet
hatclos
eswelli
ntothebodyoft
hefirstc
andle.

Thefirstcandl
eshowsthecont
inuati
onoftheuptr
end,t
hes
econdc
andl
eindi
cat
esi
ndec
isi
on,
andthethir
dcandl
esignal
sastrongbear
ishrev
ersal
.

Howt
oTrade:Ent
erashortpos
iti
onwhenthethi
rdbear
ishcandl
ecl
osesbel
owt
hemi
dpoi
ntof
t
hefir
stbul
l
ishcandl
e.Pl
aceastop-l
ossabov
ethehighofthesec
ondcandl
e.

Wi
n-r
ater
ange:65%-
70%

Page1
2of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

Shoot
ingSt
ar
TheShootingStarisabearishr ever
salpatt
ernthatappearsafteranupt
rend.I
thasas mall
body
neart
helowerendoft hetradingrange,alongupperwi ck,andlit
tl
etonolowerwick.
Thel ong
upperwickindi
catesthatbuy erspushedpriceshigher,
buts el
l
erswereabletopushpric
esbac k
down,suggesti
ngapot ent
ialrevers
altothedowns ide.

HowtoTrade:Enterashortpos
iti
onwhenabeari
shcandles
tickc
onfirmst
herever
s albyc
los
ing
bel
owtheShootingStar
'sbody.Pl
aceast
op-
lossabovethehighoft
heShoot
ingStar.

Wi
n-r
ater
ange:55%-
60%

Page1
3of20
Be
g i
nnerChea
tShee
t
TOP-
10Candl
est
ickPat
ter
ns

Thr
eeWhi
teSol
dier
s
TheThreeWhi t
eSoldi
erspatt
ernisabul l
i
shr ev er
salpat
ter
nthatc onsi
stsofthreec ons
ecuti
ve
l
ongbul l
is
hcandleswi
thshortornowic ks.Eac hcandleopenswithint
hebodyoft heprevi
ous
candleandcl
osesnearit
shigh,i
ndicat
ings trongbuy i
ngpressureandapot ential
trendreversal
.
Thispatt
ernt
ypical
l
yappearsaft
eradownt rendoraper i
odofc onsoli
dati
on,signali
ngthes t
art
ofanewupt r
end.

HowtoTrade:Ent
eral
ongpos
iti
onatt
hec l
oseoft
het
hir
dbul
l
ishc
andl
e.Pl
aceas
top-
los
s
bel
owthelowofthefir
stc
andl
einthepat
tern.

Wi
n-r
ater
ange:65%-
70%

Page1
4of20
Be
g i
nnerChea
tShee
t
t s
eCandl
est
ickPa
tte
rnst Pr
edi
ct ar
ket ee
nts

Pr
act
icei
s I

ustasagolferneedstodev el
opafeel
forthei
rswing,
atr
aderneedstodev
elopint
uit
ionforhowcandl
est
ick
patt
ernsbehav einvari
ousmarketc
ondit
ions. hi
scomesf
rom obs
ervi
ngpatt
ernsoverti
meands eei
nghow
theyplayoutinreal
trades.

ar
ket
sar
edy nami
candcons
tant
lychangi
ng.Practi
ci
ngyours
trat
egi
esindi
ff
erentmark
etcondi
ti
onshel
ps
y
ouunder
standhowpat
ter
nscanvar
yandpr eparesyout
oadaptyourappr
oachaccordi
ngl
y.

Prac
tic
alexper
iencebuil
dsconf
idenc
e. yprac
tic
ingwit
hc andl
est
ickpat
ter
nsi
nac
ont
rol
l
edenv
ironment
,
yougaintheconfi
dencetoappl
ytheses
trat
egi
esinli
vetradi
ngsit
uati
ons.

r
adi
ngc anbeemoti
onal
lytax
ing.Pr
act
ici
ngst
rat
egi
eshel
psy
ous
taydi
sci
pli
nedandr
educ
est
hei
mpac
tof
emot
ionsonyourdeci
si
on-makingpr
ocess.

Pract
ici
ngwithafocusonr i
skmanagementhelpst r
adersdevel
optheski
ll
sto
managet hei
rtr
adeseffec
tivel
y. hi
sinc
ludessett
ingappropri
ates
top-
los
slevel
s,
deter
miningposit
ionsies,andknowingwhent otakeprofi
ts
.
Properri
skmanagementi skeytolong-
ter
mt r
adings uc
cess.

Page1 of20
Be
g i
nnerChea
tShee
t
Pr
act
ice e
arni
n ieT
rade
r

Wat
c Pr
ofessi
ona Pr
o Tr
ader
sTa e ea ieTr
adesI
nront f o

J
oi
nou
rFR
EEL
iv
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ade
rRo
omt
oda
yan
dst
artp
rac
ti
ci
ngwi
thr
eal
-wo
rlde
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!
yint
egrat
ingt
heses
trat
egi
esandconti
nuousl
ypract
ici
ng,youcane ect
ivel
yuse
candl
est
ickpat
ter
nst
opredi
ctmarketmovementsandimproveyourt
radi
ngperf
ormance.

Page1 of20
Be
g i
nnerChea
tShee
t
C n i
stake
s T
is e
nTr
adi
n i
t Candl
est
ickPa
tte
rns

Tisand es
tPr
act
ices

Alwaysc onfirmc andlesti


ckpatt
ernswit
h
othert
ec hnic
al i
ndicators
.Usingindi
cat
ors ookforcon uenc
ebetweenthecandl
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ick
l
ikemov ingav er
ages , I ,or ACDc an patter
nandotheri
ndi
cator
sbefor
emaking
provi
deaddi ti
onalvalidat
ionandincr
ease atradedeci
si
on.
therel
iabil
it
yofy ourtrades.

Analyetheov erallmarketc
ontextbefore
rel
yi
ngonac andlesti
ckpatt
ern.Pat
terns Ensur
ethecandl
est
ickpat
ter
nali
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aremoremeani ngfulwhentheyoc curat thebr
oadermark
ettr
endands i
gni
ficant
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stancel
evelsorwithi
n pri
celev
els
.
astr
ongtrend.

I
mplementr
iskmanagementt echni
ques Det
ermi
ney ourr
isktol
eranceandst
icktoit
,
suchass
ett
ingst
op-l
os sordersand nev
erri
ski
ngmor ethanas mal
lper
centage
posi
ti
onsii
ngtoprotectyourcapit
al. ofy
ourtr
adi
ngaccountonas i
ngl
etrade.

ai
ntainadetai
ledtr
adingjournalt
otrac k egular
lyrevi
ewyourjour
nalt
oident
if
y
yourtrades,i
ncl
udingthepatternsi
dentified, patt
ernsinyourt
radi
ngbehavi
orandmake
thecont ex
t,t
hetradeentr
yandex i
tpoints, necessaryadj
ust
mentstoimpr
ove
andtheout come. yourstr
ategy.

Page1 of20
Be
g i
nnerChea
tShee
t
C n i
stake
s T
is e
nTr
adi
n i
t Candl
est
ickPa
tte
rns

Pi
tf
a sandHowt
o er
co eT e
Evenexperi
encedt
rader
scanfal
li
ntocommonpi t
fal
l
swhenusi
ngcandl
est
ickpat
ter
ns.
Herearesomeofthemostf
requentmi
stakesandhowtoover
comethem:

So tion:Foc usonquali
tyoverquanti
ty
.
Onlytradewhenmul t
ipl
efact
orsali
gn,
andthepat terni
ssupportedbyother
tec
hnic al
indicat
ors

So t i
on:Al waysconsi
dertheoveral
ltr
end.
Usec andlesti
ckpatt
ernst
ofindent ri
esthat
ali
gnwi ththedominantmarketdi
recti
on,
rat
hert hantryi
ngtopredi
ctrever
sals
againstthetrend.

So t i
on:Developthediscipl
inet
owaitfor
confirmati
on.Pati
enceisk eytosucces
s f
ul
tr
ading,andwaiti
ngforther i
ghtsi
gnalcan
preventmanylosi
ngtrades .

So t i
on:I
mpl ements t
ri
ctri
skmanagement
rules
.Uses t
op-lossorder
stopr ot
ectyour
capit
alandens urethatnosingl
etradecan
signi
ficant
lyimpac tyourt
radingaccount
.

So tion:Creat
eat radi
ngpl anandfol
low
i
tri
gorous l
y.Us
ey ourtradingjour
nalt
ostay
accountabl
eandrev iewy ouremoti
onal
res
pons estotr
ades.

Page1 of20
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ADE
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akesandrefineyourt
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