One of the most important elements in trading is looking for significant moves, we all know it is important and many of us strive for answers.. The answer is candles and what do i mean by candles, i mean significant candles. It is easy to look at a chart and guess the next move but what if there was a way to have an edge of say over 75% success..?
…You would be saying tell me, tell me, please..
Well, let me reveal to you a secret in Forex, look for significant candles! Simple strategy that works time and time again.
What do I mean by this..? Well look for strong engulfing candles, that is what i commonly refer to as a “significant candle”. ( Hard to explain exactly I know, so look below.. )
Above – I demonstrate an example of a bullish engulfing significant candle.
Above – I demonstrate an example of a Bearish engulfing significant candle. The read line is where to place a stop loss..
Now I am sure you are still wondering what I mean by this type of candle, all i can say is this type of candle is an interpretation of order flow and these types of candles indicate significant changes by big buyers or by the big sellers. It does happen, however it is a rare case that after a significant candle move that the price does not keep going in that direction.
Above – In the video above I explain it in detail plus as a bonus I show you how to trade it when in an area on the chart where I cannot see what is ahead on the charts. This shows not only that it is a good strategy, but also that it is a highly profitable one as well.