Every Candle Tells A Story

People underestimate the power of being able to read candlestick patterns. Candlesticks tell you exactly what’s going on with the market.

A bullish candle tells you that the bulls are currently in control. A bearish candle tells you the bears are currently in control. A doji candle tells you that the bears and bulls are fighting, but neither one is winning.

So, when you get a doji forming after a series of strong bullish candles what does that tell you? The bulls were in control of the market, but now the doji shows that the bears are fighting back. The bears and bulls are opposing forces and they are always trying to pull the price in their direction.

Sometimes the bulls have more power and it goes up, other times the bears have more power and the price goes down. So every time you look at a candle you should think of it as a struggle between the bulls and the bears.


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Always Win Never Loss Forex

Cheers!

BA FxSwing


Monday, July 6, 2009

Key for Forex Trading


What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates you between success and failure.

Have you ever give blessing your trading goals, concede your stops and limits but eventually forget about that. You have your strategy but still didn’t do the strategy and encompass the market although it is not suits your strategy. And finally LOST your money. How could that happened? It ‘ s because you lack DISCIPLINE. Many beginner trader and some plugged in trader awfully, often enter the market because they are tempted to go in due to the fear of missing out a big move although it occasion their trading rules.

Posted by BA FXSwing at 3:48 PM

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