Candlesticks - Vol 11 - Dark Cloud Cover

http://www.YourTradingCoach.com - Candlestick Charting - Vol 11 - Dark Cloud Cover

Category:

Howto & Style

Tags:

• trading
• candlesticks
• analysis
• markets
• dark
• cloud
• cover
• reversal
• pattern
• forex
• emini
• e-mini
• futures
• stocks

[Praevus]

Fantastic videos! Still in the process of viewing them all and visiting your website for additional information. I've got a question in regards to reading/predicting the top of a upward trend using candles.

Do you prefer sticking with 1/2/5-minute candles when deciding if a top has a been reached for a stock? I always exit early and I hate it.

Ever consider 30 or 45 second candles? Sometimes I feel it may give me a 15 second adv. so I am able to sell before a huge dip.

[YourTradingCoach]

@Praevus

Hi Praevus... see email reply due to youtube character limitations.

[zappazilli]

These videos are so good. No magic "90% winning rate method", just plain chart analysis education. Thanks Lance.

[YourTradingCoach]

@zappazilli

Thanks zappazilli! I'm glad you enjoyed the candlestick vids. :-)

[PaperHangar]

I have a question about candlestick addition. You applied candlestick addition to two candles in this video to turn a dark cloud cover into a shooting star. If you use candlestick addition for say two candle sticks like this then must you also apply candlestick addition to the following two candles to get a confirmation of the following trend? Or can you just rely on the following candlestick to confirm the trend. I hope that makes sense.

[YourTradingCoach]

@PaperHangar

Hi PaperHangar,

Confirmation occurs on a break of the pattern. This occurs whenever price breaks this level. It doesn't require addition of the following two candles.

Cheers,

Lance.

[trungfu2]

If I were practice candle addition from one min chart to translate to 2 minutes chart for short term trade. Would that really help or just put up the 2 charts and see what's going on? What I mean is if it is important to get good at it to predict the trending. By the way, I love your videos. Thank you for sharing

[hellob2010]

Hi everyone

i like this video kindly if some1

can write what he says cus i have prob sumtimes to understand his accent

Many thanks

[YourTradingCoach]

@w3bqueen

Thanks w3bqueen,

Thanks for your feedback. Much appreciated. I'm glad to hear you've found value in the videos.

All the best with your trading,

Lance.

[w3bqueen]

I love this video. I love your videos. I think they are simply the best .... I love price action. Thank you very much for your inestimable contribution to forex education.