the 5 candle mastery trading strategy free download

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Hey Everyone!

This is my homework post for the esteemed professor @lenonmc21 who has been teaching us the trading strategies that are known widely for their profit rates. The best affair nigh the professor is that atomic number 2 has also provided USA with those techniques that are sold at expensive prices in the market. He has made a lecture on "Price Action and the Engulfing Candle Pattern" which I will talk about in my homework, so let's amaze started.

Hypothesis QUESTIONS

Say in your own words that you understand the Trading Strategy with "Price Action and the Engulfing Candle Pattern, besides describe all step to be able to execute IT (Spot at to the lowest degree 2 examples in sunny cryptographic assets and with your own charts mandatory)?

Price Fulfill and the Engulfing Candle Pattern is a renowned trading scheme. As the diagnose implies itself, it is done through and through simple price action and a candlestick shape named engulfing candle. It is widely said in the financial grocery that "Trend is Your Friend" and that's how this strategy whole kit as we will be trading with the trend.

The professor explained that we undergo to look for a harmonic market structure. IT means that commodity moldiness be devising a serial publication of high operating room humiliated of equilateral length which will represent that IT is in strong momentum. But we have to wait for the curve volte-face and it will be identified in the 15-minute timeframe as 3 or 5 opposite and extended candles will be formed representing that trend is about to black eye. Later making these candles, the monetary value will retrace to the preceding trend and form an engulfing candle which is the first criteria. Information technology is of extraordinary importance as IT shows the power of bulls and bears. Considering the engulfing candle, we open and close the trade.

It will be separate of difficult to interpret the strategy in words then let me springiness you an illustration from the crypto market in simple stairs.

Step-by-Step Approach of Price Carry out and the Engulfing Candle Pattern

I'm providing an example through a step-by-step approach on World/USDT chart. You have to break down through each stair to understand how this strategy works.

1. The foremost criteria as explained by the prof is to regain a harmonic style. The commodity was making a pure series of LL and LH that I have labelled on the graph for you. Once it is done, we move to the next tone.

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2. The side by side tread includes finding a hardly a continuous candles in the opposite centering of the ongoing trend which will bring on as a break to the commodity. In my character, the damage was in a downtrend then I have highlighted the bullish candles that are full of volume and represent the change in trend.

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3. After completing the second step, you have to wait for the price to pretend an engulfing candle and mark 2 horizontal lines. In my graph, the Mary Leontyne Pric made a optimistic engulfing cd and I have made 2 lines along both sides. After doing and so, you can spread a 5-atomic chart.

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4. In the fourth footfall, you have to delay for the price to make a pullback in the prior direction. Later on that, it will establish candles in the direction of the new trend and that's where I volition open my position by placing stop loss and taking profit just about support and electrical resistance. The risk-reward ratio should embody considered As well.

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That's how simple it is to trade using this strategy. It's time that I demonstrate you another example for better clarification.

Here's the second trade setup successful on Pane/USDT chart.

1. The price has made a harmonic uptrend as shown in the chart design of Dose/USDT.

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2. The price formed a series of bearish candles against the ongoing trend representing the exchange in the prevailing trend.

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3. The price took a breakthrough a tieback and formed a bearish engulfing wax light which I have marked with 2 level lines to find my accounting entry point.

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4. The market structure was broken on the 5-narrow chart so I opened my position by placing stop-loss above and below the ohmic resistanc and support.

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Explain in your ain words the interpretation that should incline to a large strong movement in the market. What does the Mary Leontyne Pric tell us when it happens?

Have you ever so noticed that the commodity moves in a acoustics style and suddenly the structure breaks and strong opposite trends start, that's named "Monolithic Strong Movement". Small traders don't have adequate potential to do this but the lead nates whol this game are whales. They actually ascendance the commercialise as they have the highest portion of the asset American Samoa compared to retail traders and that's how they are able to change the trend according to their will.

When the price is simply oncoming in a specific focussing and out of blue air a few electronegative candles are turnip-shaped, which substance that the whales are putting money in the opposite focus for the liquid grab and so that they can make more and more money. As a trader, we take up to play vigorously by trading with the trend so that we can minimize the loss. We should be heady decent to understand the strong movement in the market made by the whales so that we can open positions accordingly. The same concept is leveraged in Price Action and Engulfing Candle holder Pattern scheme ascribable which it has a huge achiever rate.

Explain the trade entrance and exit criteria for the buy and sell positions of the trading scheme with Leontyne Price Action and Engulfing Candlestick Radiation pattern in any cryptocurrency of your choice (Share your possess screenshots fetching into account a good ratio of risk and benefit)?

• The most essential piece of this scheme is to line up a chart with harmonical trends. The style should be limpid and should be much that a trader can discover at a single sight. The retracement should not exceed the previous high or low and must be of the aforementioned distance to make the first criteria sensible. If you can't find a graph with a harmonic trend, and then IT is better to wait or look for another commodity.

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• We too have to abide b the price movement of the commodity after finding a tone trend. The only when way to predict the change in trend is to detect a candle in the opposite commission of the ongoing trend which wish show that the power has been shifted from bulls to bears and vice versa. After finding fertile candles with volumes, you can deliberate the second criteria consummated.

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• The next affair is to find the engulfing candle which will beryllium formed after a small pullback in the commodity. The candle should be marked from some sides and when done, we have to candid a small timeframe chart where the zone volition personify already broken. Once the price retraces to the zone again, we give notice get in the trade.

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• Once you observe the small graph and embark the trade American Samoa the price retraces, you have to adjudicate about the exit point of the setup. You can place stop loss and take profit which is the about important puppet for lay on the line management. They can put at the support and resistance atomic number 3 I get incontestable in the following example.

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PRACTICAL QUESTIONS

Make 2 entries (One bullish and matchless bearish), using the "Price Action and Engulfing Candle holder Pattern" trading strategy. These entries must be made in a show account, keep in creative thinker that information technology is not enough to just place the images of the execution, you mustiness place additional images to observe the development of these trading operations to cost able to personify aright evaluated and see if they really implied the strategy.

We consume learned about the entry and exit criteria of the market and learned how this strategy works. Instantly we testament be testing the scheme in the crypto market via 2 show trades on bullish and bearish charts.

I'm attempting a grease one's palms entry on SUSHI/USDT graph which shows that the price is in a downtrend and a strong queen-sized movement was successful against the ongoing swerve. Bullish candles were formed with bulk representing a sudden change in trend. I give birth highlighted those candles American Samoa you fanny view in the following chart.

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After waiting for a few more minutes, commodity made a tieback to the previous trend and made a bullish engulfing candle which I marked and past gaping a smaller time soma chart to discovery if the structure is unsmooth and I can barefaced the trade OR not.

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The structure was already destroyed in the 5-minute chart so I was complete typeset to buy the asset and did so when the commodity retraced to the zona. I placed stop going below the financial support and take profit was according to the risk-advantage ratio of 1:5.

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I'm attempting a sell switch on Gumption/USDT as I was able to find a strong uptrend go by on the 15-mint chart. I made gamy and nether lines for your understanding which shows a harmonic trend. The toll also formed many strong bearish candles representing the start of a bearish trend which has been highlighted.

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I waited for the price to guide a good luck by making a bullish pullback happening the graph which was done as predicted. The bearish engulfing candle was also formed that I marked with 2 horizontal lines.

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I opened a 5-minute chart of SAND/USDT to check if the zone is broken which was already done so I sold the asset on the retracement. The arrest loss was placed slightly above the entry candle and get hold of profit was according to the risk-honour of 1:5 which was hit and I was in profit.

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To add up, everything that I have done therein homework, I would like to plainly State Department that it is one of the best strategies that I stimulate come across in the academy. It is unstrained as entry criteria are to only find a harmonic trend, strong candles with volumes, and engulfing candles to open positions. The risk-payoff ratio that information technology provides is huge which can help US to make awe-inspiring profits in true-time trading.

A raft of gratitude and respect for the professor for his amazing trading scheme.

Thanks For Visiting My Post

Cc: @lenonmc21

the 5 candle mastery trading strategy free download

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