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Japanese candlestick is the most common chart that traders, use to make their analysis. Thanks to its multifunctional, the candlestick give wide range analytic combinations . Our strategy is very simple, we trade only double and triple candlestick patterns.
Rules for opening and closing position are especially simple:
For long position:
You must find valid bullish candlestick pattern on the chart. We prefer 1h time frame.
You must place buy order 1-3 pip above the height high of this pattern.
When the position is activated you must place stop order 1-3 pips below the low of this candlestick pattern.
We close position when price formed a reversal pattern or if out stop was triggered by the price.
For short position:
You must find valid bearish candlestick pattern on the chart.
You must place buy order 1-3 pip below the lowest low of this pattern.
When the position is activated you must place stop order 1-3 pips above the high of this candlestick pattern.
We close position when price formed a reversal pattern or if out stop was triggered by the price.