Candlestick Patterns Trading Course (For Beginners), price action trading
hello everybody welcome to my channel my name is arash in this video i'm going to teach you how to trade candlestick patterns i'm going to cover everything you need to know i'm going to mention some good entry points when you are facing candlestick pattern for example when you have a morning or evening sr or i don't know some sort of hammer or pin bars how can you trade these candlestick patterns i recommend you to watch this video carefully until the end because this video can help you to take the wise decision in financial markets and let's begin right now in this picture you can see that we are having some sort of candlestick patterns for example we have polish and bearish engulfing we have dodges you think it's and hanging man mourning a sorry beating a star and stuff like that i'm going to begin with one of my favorites which is going to be engulfing i'm going to teach you how to trade engulfing pattern for example bullish and bearish form okay so let's find a bearish engulfing and let's see how can we trade the bearish engulfing okay for example here we are having a bearish engulfing this candle this red one has engulfed one two three four five and six candles when you see something like this it's showing us the cell pressure okay but don't forget that in order to trade candlestick patterns you have to take a look to the majority of trend okay to the higher time frame trend and as you can see here we are moving down in bitcoin so when we are moving down and you see a big daily engulfing candle you are you can actually trade it really really nicely as you can see here it's a 50 percent area of this big red candle okay then you have a big bearish engulfing you can set cell limit order in the 50 percent of this big red candle and you can set your established above this bearish engulfing after that uh you can move to lower levels okay as as you can see after this big red bearish candle price has moved down dramatically from forty eight thousand dollars to approximately forty thousand dollars okay so when you have this setup you can actually trade it really really nicely let me give you another example or maybe a bunch of examples okay because price is moving down and don't forget that guys the golden tip in this candlestick pattern is the majority of turn we are going down right now and when we are going down i am going to ignore any kind of bullish signals okay i'm going to trade bearish i'm going to trust the trend because trend is actually your friend okay and we have another example here a big bearish engulfing candle is here it's here guys this candle has engulfed one and two candles okay so we can set sell limit order in the 50 percent of this candle we can enter short position here we can set a stop loss above this handle and if you check one hour time frame it was actually a fair trade as you can see it was a fair trade because after that after this entry price moved down two times the first time was here the second time price moves up and another short position so when you find this bearish engulfing you can trade it and you can have fun you can make a lot of profit uh let me give you some bullish engulfing examples okay so let's find some bullish engulfing candles as you can see you cannot find anything in this area why because price is moving down and if i see one i'm not going to trade it why because the majority of market is moving down right now it's really really important to trade with the trend so for example here we have some bullish example this scandal is bullish engulfing this big green dude has engulfed one two three four candles okay after that you can set by limit somewhere around the 50 percent of the scandal as you can see you had a pullback in the scandal after that price has moved up again you can trade it you can have fun with it you can make profit from it and you have another example is going to be here another big green candle which has engulfed the previous candle and you can set by limit somewhere around the 50 percent of this green dude and after the pullback price has moved up i recommend you to trade it on lower time frames how can we do that for example here we have a green engulfing and we can trade it on lower time frames how can we do that i'm going to teach you in this video for example here we had a bearish engulfing this red uh candle this big one has engulfed one two three four five something around six candles okay then you see a big bearish red candle you can enter short position somewhere around the 50 percent of this candle and also you can trade it on lower time frame trading it in lower time frame requires a skill requires knowledge requires patience and you have to work on your psychological aspects stuff like that but you can actually make a huge amount of profit from trading it in lower time frames so here you can see that on the lower time frames you can enter short position here and after that you can enter a short position here again with a smaller stop loss you can set your snoblas above here and your sub and your establish is not going to be really really big anymore okay you can use as small as stop losses for example i'm going to set my suburbs here but if i want to trade it on the daily time frame i have to set my stop loss above here which is going to be too big okay so when you see a big red bearish or bullish engulfing candle something like this you can enter short position somewhere around the 50 percent of this big candle on lower time frames and you can actually make a huge amount of profit because as you can see this technique is working really really nicely you had another big green candle and in the somewhere around the 50 percent of the scandal you could enter by position and you could make profit and yeah that's the technique you can use when you are facing bullish or bearish candles okay so how can we trade other candlestick patterns let's check the picture here um let's talk about hammers okay let me talk about hammers and you know shadows because shadows are really really important how can we trade with shadows when you are having long shadow like this you are going to see this long shadow in cryptocurrency market too much something like this something like this and this you have to check something when you are having big shadows with big volume it's telling us that we are somewhere near the potential support area we are somewhere around the potential deep actually you know it's going to be the final leap for example here price has moved down with a long shadow and after that you can see that we were somewhere around the potential support area after this price has moved up okay another example price has moved down with a big shadow big volume and this is telling us that we are somewhere around the potential deep in cryptocurrency market you can use these long shadows in order to find the potential support and it's going to work really really really well okay and another thing you need to know is going to be shadows uh don't forget that this candlestick pattern the hammer has to be happened somewhere around the potential support okay you need to find some a specific level if you are seeing shadows for example in the middle of a trend it's not going to be really really nice because you cannot trade it but if you see shadows somewhere around the potential support and as you can see this area was a potential support for bitcoin uh it's going to be really nice you can actually trade it how can we trade this shadow as you can see here we have the shadow another hammer another hammer we had bunch of hammers here okay you can actually move to uh lower time frames and you can draw this trend line on one hour time frame if you go on one hour time frame it would be pretty clear around here i cannot check a one hour time frame because trading view website is limited okay but i think i can check for our time frame yeah i can check for our time frame when we are seeing hammers on daily time frame we can shake one hour time frame and we can draw trend lines after the breakout from this trend line we can enter by position and we can move to higher levels that's how i trade hammers okay here is another example hammer hammer and you know bunch of hammers are here after the breakout from this bearish trend line i can enter by position okay i'm going to use the lower time frames in order to have a faster entry point and you know because if you enter faster you are going to make higher amount of profits so that's how i trade hammers and it's going to be really really nice and also there is another way to trade hammers which is going to be the confirmation on the time frame okay for example if you are seeing some hammers on daily time frame you need a big green candle for confirmation after this big green dude you can enter by position another example is here you are seeing bunch of hammers here after that you have to wait for confirmation the confirmation is going to be this big green dude okay after that you can enter by position and you know we have bearish form of these uh hammers too for example here we had some hammer we had a hammer here but it didn't work why because we didn't have a confirmation we didn't have a big red candle to enter short position so in order to trade with these uh hammers you need confirmations you can use lower time frames in order to enter faster with a smaller subnets or else and also you can use uh the main time frame and you can enter for example on daily time frame but the stop loss is going to be bigger but you can actually trade with higher probability okay i think it was a full tutorial i have to trade hammers and right now you i think you know everything you need to know about hammers don't forget that when we are having shadows on a specific level then we are having too much shadows on a specific level it's a potential support or resistance area okay don't forget that you can actually find support and resistance areas with shadows we have one shadow here another shadow here another shadow here this is telling us that this area is a potential support okay and in the future this area is going to work as a potential support area and after the breakout as you can see it was a potential resistance okay so this level is going to work and you can actually use it and don't forget that you don't have to be fooled by some fake hammers because uh we are going to use some confirmations okay and another pattern in this video that i'm going to talk about is going to be mooring a star a big red candle a doji and big green candle to the upside and the evening star a big green candle a doji big red candle which is going to turn the trend from bullish to bearish and this one is going to turn the trend from bearish to buddhist let me give you example here we have a red candle a hammer or a doji it doesn't matter and big green candle which is mourning a star is it's a reversal pattern how can we trade this how can we trade this reversal pattern we can enter by position somewhere around here okay we can use fibonacci and we can enter by position somewhere around here and we can actually make profit from trading it another one is going it's going to be here big red handle a hammer or a doji with green candle we can enter by position somewhere around here okay in the lower time frames you can trade it and you can actually make profit i recommend you to trade this uh candlestick pattern in the lower time frames because uh it doesn't work to trade it for example on the main time frame because most of the times you are not going to see a reversal you are going to see just some small bounces in lower time frames but if you trade on lower time frames you can actually make profit from using this candlestick pattern okay if i find uh a bearish war it's going to be really good let me find a bearish form of this imagine that we had a dodge here or doojie here okay imagine this red candle was a doji and after that we had a big red candle okay it could be a big evening star and when you are having something like this you can enter shortly and somewhere around here okay i can even trade it with uh with only my uh eyes okay without using any kind of actually fibonaccis indicators and stuff like that you can actually trade it without any kind of specific tools okay and also i'm going to call this combination an evening star why because instead of having one doji here we had bunch of dojis here a green candle a doji's a red candle which is going to be an evening sr again okay it's a big doji so you can actually trade it and you can set your cell limit somewhere around in this area you can actually trade it on lower time frames too you have another evening star here green candle a doji a red candle you can enter short position somewhere around this area or this area it doesn't matter and you can actually make profit from trading it so this is the best setup in order to trade morning and evening stars it was a full tutorial don't forget that guys the majority of trend matters too much when price is moving down ignore bullish signals ignore bullish candlestick signals because they are not going to work out you are going to make a huge loss if you do that okay and when price is moving up ignore bearish candlestick signals because they are not going to work and you are going to make a huge loss from trading it okay it's really really important and also we have a bearish pattern which is going to be a hanging man it's like a hammer but the opposite side okay let me find a hanging man for example here price is moving up but we are having a hammer in the bullish trend okay sometimes it's showing us some sort of cell pressure because beers are trying to push the price to the downside in order to see a reversal in the trend you need one big red candle i am not going to short it when i'm when i'm seeing something like this but if i see one big red candle i'm going to enter short position in the pullbacks in lower time frames and i'm going to set my take profit in the lower levels okay and also people who have been watching this video until now they are loyal subscribers and loyal viewers that's why i'm going to give them a trading strategy that is going to work really really well and it's going to be mind-blowing when you are having a long shadow for example this big red candle you can enter by position in the two areas the first area is going to be the 50 percent of this peak shadow which is going to be here you could either buy position somewhere around here after that price has moved up as you can see and also you can enter by position somewhere around the bottom of this week okay because this area is going to be the potential support and also you can trade it on lower time as you can see this area is a potential support area for bitcoin we had a rejection from this level after that this level has become a support and after the breakdown it was a resistance resistance resistance support and as you can see this level is uh keep being flipped in in cryptocurrency market and right now we are somewhere around this potential support area i think we are going to see higher levels from this area okay and when you are seeing long shadows in cryptocurrency market for example when you see a big red shadow here you can enter by position at the 50 percent of this big shadow okay and as you can see after this if i zoom in price moved up okay and also don't forget that we are trading it on lower time frames let me show you how it does work and you are going to be amazed actually so the 50 percent of this shadow is going to be somewhere around here and that's then i'm going to enter by position on one hour time frame as you can see on the one hour time frame this level was working pretty well also here you know you could trade a several time here and you could actually make bunch of profit from finding this level let's find another big shadow i can see another big shadow here a big shadow on the one hour time frame we can enter by position somewhere around here in the five minute time frame and if you check five minute time frame it was a huge uptrend in the five minute timeframe it was a lot of profit price has moved up from uh fifty nine thousand dollars to sixty one thousand and five hundred dollars it was a huge amount of profit you could make it and you know you can actually use this technique in order to make a huge amount of profit in cryptocurrency market you can use these long shadows another one is here the 50 area is here and as you can see you have the uptrend from this level and don't forget that the bottom of this week is a potential suffered area and i don't know why but these techniques these techniques should not be free okay don't share this video with anyone with absolutely no one use it for your own benefit but don't share it anywhere okay i can see another big shadow here in the 50 area is here and let's move to the future and let's see boom this area has worked again and that's how you can trade in cryptocurrency market and also the end and the bottom side and the bottom of this week is going to be the potential support area and another boom and yeah you can actually use this technique i might give you some other techniques about shadows how to trade them in the next videos and in this video i want to talk about candlestick panther but the 50 percent of another shadow is this area okay let's check the future all of them are working guys all of them are working and yeah and the bottom of this shadow is going to be here which it didn't work because it doesn't matter you you have made a huge you know to be honest to be honest you can't see this long red candle okay if you have set your order there for example a little bit higher you could make another profit okay to be honest uh it was somewhere around here but it doesn't matter if you are not going to win all the time and you have to get used to it but you can use this technique in cryptocurrency market and also in gold market because you can see a huge amount of shadows in gold chart and you can actually use this technique in order to make profit okay an example is here i just opened called chart i have seen a long shadow and you can actually enter by position somewhere around 50 percent of this candle and you could have this up trend you could enjoy this uptrend and right now you know everything you are having a big red engulfing candle how can we trade it and the 50 person area and boom another short position to the downside enjoy okay i'm teaching you everything you need to know don't forget to subscribe into my channel because we are having a daily live video about cryptocurrency market what's going on about all coins about everything you need to know about cryptocurrency market we are covering news we are having uh traits and everything okay and right now i want to talk about dojis i want to talk about dojis there are a bunch of stuff you need to know about dojis because dojis are really really important you are seeing too many dojis in financial markets for example here you can see a lot of dojis you know i don't care about a doji in the trend you know when price is moving up but when i see bunch of dojis i am really scared okay i'm really scared because uh when you see too many dojis something like that it's showing us that we are going to see a sharp movement in the future it's really really important and also really really scary okay for example here we had the sharp movement to the downside and bunch of doges market cannot make decision okay there's our thinking uh you know big boys are thinking about the market and they can't make it any kind of decision and as you can see after some sort of consolidation we had a dramatic movement to the upside i can't see another example is here we are having too many small hammers small dojis and you know small candles when i see something like this i am really really scared because the outcome of this combination is going to be really really scary and when you see something like this you can actually trade somewhere around here okay it's a big red engulfing candle you can you could eat a short question somewhere around 50 percent of the scandal which you have made profit from trading it and also you can trade and enter short position somewhere around this area it didn't make too much profit it had some sort of consolidation and i myself i'm going to exit my short position after this big red candle without any kind of profit but this area is a potential resistance or support area let me give you a live example about euro dollar it's not going to be really really live example but in the monthly time frame for euro dollar not monthly time frame let's check weekly yeah in the weekly time frame you can see too many shadows doji's too many candles without any kind of decision okay you can see that here don't forget that the outcome of this combination is going to be really short and as you can see after the breakout you could enter short position and boom boom boom boom and then price move down and then in the future price moves back to this level you can enter short position again okay again and again and again because um they have decided about this level the values the banks the big money they were fighting here and the outcome of this fight was bearish okay the decision has been made and when the price moves back to this level you are going to see another rejection right now it's another scary combination for euro dollar you can see too many undecision candles you know candles without any kind of decisions you know they are just uh consolidating here so if the outcome of this is bullish on weekly time frame i'm going to enter by position and don't forget that if you if i enter by position here and price moves up in the pullbacks then price moves back to this level you can enter another y position okay but the best strategy the best setup is sharp movement if the outcome of this consolidation is sharp you can trade the pullback with the confidence okay with actually more confidence for example here you can see too many small candles bunch of small candles here and then the outcome of these small candidates are another bullish trend when price pulls back to this level you can enter another buy position here you can enter another buy position here and you know it's a weekly time frame and four hour time frame you could make a huge i am keep mentioning this a huge amount of profit and four-hour time for it okay so that's how you can actually use this technique you can see a bunch of consolidation a small dojis small candles big candles and stuff like that you can actually select this area area of weakness the area of decision you can call it anything you want an uptrend consolidation another uptrend if price moves back to this level we can enter another huh yeah we can we could either another y position okay as you can see this level has worked pretty well let's check for our time frame if you use lower time frames for example foreign dude it's a huge amount of profit okay it's a huge amount of profit a boy in this area it's a good profit oh my god i can see a long shadow here i'm going to enter another buying position on 15 minute time frame or five minute time frame it's going to be another profit and you can actually make a lot of profit from buying in this area because we are having bullish setup another shadow 50 person area is going to work again big red engulfing candle i can enter short position on 15 minute time frame and you know can you see this beauty big long shadow here okay oh my god we have a one big engulfing candle i can enter by position here and that's how you can actually make profit let me give you more tips in this video because i am not i am entertained actually but not satisfied okay i think i want to satisfy myself from teaching these great stuff to you for example then you are having a big green engulfing candle in the 50 percent area in lower time frames you can see some sort of uh area some resistance area or support area let's check yeah can you see this candle can you see this one do you know why this one is here it's here because it was a resistance area okay it was a resistance area and 15 minute time frame and this candle is here it's showing us a little amount of cell pressure but bulls and they they kept buying okay they kept buying and that's why price has moved up if price moves back to this level you can see another uptrend to the upside you can even live trade it on one minute time frame let me give you another example here on 15 minute time frame we had a long candle here big red engulfing let's check 15 minute time frame it's not really obvious in this time frame but i think somewhere around here on five minute or one minute time frame we can see a potential support or resistance area and this level is going to work out in the future let's move back trading view is limited on lower time frames you cannot move back too much but let's test our luck yeah it's here guys i just found it can you see this can you see this level you know it's in one minute time frame this area was a potential support but you had a breakout from this level it will become a potential resistance area in the future and in the future if price move back to this level let's find this level in the future it's here you can actually in the short position you know it's one minute timeframe somewhere around here you can live trade it and you know you can trade like a magician actually you know because who can enter short position up here price is moving up dramatically and you enter short position and all of a sudden boom who can't do that nobody so enjoy this video and don't shade it so right now in this video i have talked about doji's bullish engulfing irish bearish engulfing hammers which is going to be bullish form of the hammers shooting stars a bearish floor i've talked about this uh you're not going to see bullish or bearish harami in cryptocurrency market because cryptocurrency market is open all the time we have no off day in cryptocurrency market and that's why you are not going to see bullish or bearish ram you can see this candlestick pattern in forex and stock market you are not going to see it in the cryptocurrency market hanging man i'm talking about this one evening sr more esr buddhist kicker and beerus kicker to be honest i haven't seen this bullish or bearish kicker in a long long time but for example price moves down but tomorrow it will open here and moves up and you're not going to see this combination too much and i haven't seen this combination too much and also we have dark cloud cover price moves up you are not going to see this one in cryptocurrency market uh it's pretty common in forex and stock market okay price moves up tomorrow price opens higher but after that price will be closed and somewhere around the bottom of this candle okay it's a dark cloud cover you can enter short position somewhere around the 50 percent of this candle there is nothing especial about it and price is moving down dramatically and after that price opens on this level somewhere around here but you have a massive rejection from the downside and price moves up and it will close somewhere around the high of the scandal if this candle if this green candle engulfs this candle this red candle completely it's showing us a massive amount of buy pressure and if you even in the dramatical movement to the downside you can enter by position and you can set your sublux down here and don't forget that this video everything i've mentioned in this video everything you see and here in this video is not a financial advice i am not your financial advisor everything is here has been made for educational purposes and i hope you enjoyed it don't forget to give me a thumbs up if you like my content and don't forget to subscribe to my channel if you enjoyed it i hope to see you in my live videos i'm going to talk about bitcoin technical analysis every day i'm going to cover altcoin news altcoin technical analysis methods coins low market cap coins smash that subscribe button because i'm going to see you later you
2022-04-02 01:14
