32.How to Trade the Morning/Evening Star Candlestick Pattern

[linel2011]

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[edwardwills]

I use the 2 day 10 minute candle, what does everyone else use?

[freeSCALPINGindicato]

My Free calping indicator is much better GBP/JPY, no losses

[thedarkallies]

Lah... Lah... lah...

[thesexyfinancialshow]

check out gafnn site for traders created by a playboy model from women of wall street ,she's always on it chatting if you need advice!really cool site google gafnn

[FreeFOREXautoROBOT]

Interesting, but i prefer Free Forex Robot, there is one very profitable

[purplepatchforex]

Fantastci video, I don't actually trade patterns but I do use them to keep an eye out for setups fo my system

[msubanut]

Thanks David! Great videos I have learned a lot. I was wondering if you could recommend or are aware of a software which calculates and analyses trends, patterns, indicators, momentum, strength, candle sticsk, etc and give a clear buy or sell indication either in day trading and swing trading?

[laton0]

free forex signal

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[laton0]

for me is the best strategy price action based on candles formation. forget indicators just keep focused on eur/usd 15m tf on candles reversals you may be succeed.

[InformedTrades]

Hey Laton, This is a good method of trading and you can be very successful with price action and no indicators. That is how I personally trade.

-Brendan

[laton2010]

@InformedTrades 1HR TIME FRAME IS THE BEST

[3dbeing]

how about the morning star on today's spx?

[3dbeing]

woops meant evening star...

[bagga786]

good video, well explained the morningstar

[InformedTrades]

Hi,  Thanks for the comment and for watching I am glad you liked it. Best Regards, Dave

[djohnsonhot]

Very good commentary and great video's with the charts to back it up!!!

[InformedTrades]

hi djohnsonhot, Thanks for the comment am glad you like it. Best Regards, Dave

[regikeyz]

Hi Dave,

In the evening star, does the star have to be a gap up?

What if star is a below the 1st candle close and below the 2nd candle open?

You mentioned confirmation, I've traded this a few times successfully and this is my favourite pattern, I'm pretty sure I read in the Steve Nison book that the confirmation is on the 3rd day with a gap down.

I have traded it even earlier by going short on the 2nd day near close,(maybe I will be wrong more, but very tight stop above star's high)

[InformedTrades]

Hi Regikeyz, I hesitate to ever say it has to be one way or another as there are different ways to trade every pattern. I think most traders would agree however that if the open and close of the second candle is below the close and the open of the first and third candle then this is not a star. In order to be a star I think most traders would agree that the body of the second candle needs to be above the bodies of the first and third. Best Regards, Dave

[Especially4Naasira]

Thanks Dave.

[Gaffa1]

I'm just starting my Forex learning... One thing that seems to cause me problems is the different time frames on the charts. Is the morning star as valid a symbol on a one minute chart as a one day chart.... or do you start at the one day chart and work down for inter day trading. Maybe you have a video covering this topic... I just found u.

-Great Job :)

[InformedTrades]

Hi Gaffa1, Glad to have you and thanks for the comment. In general I think most people would consider a pattern more valid on longer time frames. If you visit the InformedTrades site and click on "Free Trading Courses" at the top of the page in module 1 of the trading basics course you will see a lesson called "Multi-Time Frame Analysis" which covers this topic. Best Regards, Dave

[jamalt68]

Very informative. Its really cool. Keep it up

[InformedTrades]

Hi Jamalt68, I am glad you like it and don't worry there are a lot more time come. Best Regards, Dave