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    Japanese Candlesticks: Strategy Guide

    Uploaded by

    Jean Claude David
    Japanese Candlesticks Strategy Guide

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Japanese Candlesticks: Strategy Guide

    Uploaded by

    Jean Claude David
    163 views3 pages
    Japanese Candlesticks Strategy Guide

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    Japanese-Candlesticks_StrategyGuide

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Japanese Candlesticks Strategy Guide

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    163 views3 pages

    Japanese Candlesticks: Strategy Guide

    Uploaded by

    Jean Claude David
    Japanese Candlesticks Strategy Guide

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    THE ULTIMATE TR ADERS PACK AGE ON DEMAND™

    STR ATEGY GUIDE

    Japanese Candlesticks
    THE ULTIMATE TR ADERS PACK AGE ON DEMAND™ STR ATEGY GUIDE

    Japanese Candlesticks

    Scalping Candlestick Formations with a 1 to 3 Risk vs. Reward


    Ratio
    …… Compress the charts and see if the market is in an uptrend or downtrend.
    …… If a signal hits, figure out if the market is moving from B-C retracement or a C-D extension
    of the recent A,B,C,D uptrend. You should only be trading in the direction of the C-D up
    price movement.
    …… Look at the time and figure out if you are in the Active Zone or Dead Zone.
    …… You can trade these formations anywhere inside the A-B boundary or anywhere the market
    is moving from the Projected C-D or as it makes Sub a,b,c,d’s on the way to the D Extension.

    Rules:

    …… If the market is in an uptrend; look to buy Bullish candlestick formations inside the up
    A-B Boundary.

    …… If the market is in a downtrend; look to sell Bearish candlestick formations inside the
    down A-B Boundary.
    …… Enter at the close of the candlestick formation.

    Protective Stops:
    …… Place a Protective Stop Order 10 Pips Below the Candlestick Formation in an Uptrend.
    …… Place a Protective Stop Order 15 Pips Above the Candlestick Formation in a Downtrend.

    Limit Exits:
    …… Figure out the total risk from entry after the candlestick formation closes, you will then
    multiply the risk in Pips by 3 and that will be your Limit Target for Profit.

    The Ultimate Traders Package On Demand™ Strategy Guide • ©Market Traders Institute, Inc. 2018 1 of 2
    Scalping Bullish Candlestick Formations with a 1 to 3 Risk vs.
    Reward Ratio

    Scalping Bearish Candlestick Formations with a 1 to 3 Risk vs.


    Reward ratio

    The Ultimate Traders Package On Demand™ Strategy Guide • ©Market Traders Institute, Inc. 2018 2 of 2

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