1 minute binary option very powerful Candlestick pattern based sure shot trading win all trades

Rapid Gain Trader

28 Jun 202413:25

Summary

TLDRIn this video, the speaker explains a powerful trading strategy based on a three-candle candlestick pattern, useful in both bullish and bearish markets. The strategy emphasizes the importance of the second candle being at least 1.5 times bigger than the first, regardless of market direction. The third candle is expected to follow the trend set by the second, offering a 'sure shot' opportunity for traders. Various candlestick combinations are discussed, and viewers are advised to avoid trading in patterns where the first and second candles are of equal size.

Takeaways

📉 The video discusses a three-bar candlestick pattern used in bearish and bullish markets.
📏 The second candle must be at least 1.5 times bigger than the first candle for the strategy to work.
🔴 In a bearish market, the first candle is red, and the second and third candles must also be red.
🟢 In a bullish market, the first candle is green, followed by a larger second green candle and a third green candle.
🚨 The key entry point in this strategy is after the formation of the second candle, which confirms the pattern.
📏 The second candle's overall length, including the wick, must be bigger than the first candle.
⚖️ Different candlestick combinations occur frequently, but the recommended strategy focuses on waiting for the second candle to be larger than the first.
📉 The pattern works well in trending markets, where there is a sequence of small, medium, and large candles.
❌ Avoid trading when the first and second candles are of the same size, as this decreases the strategy’s success rate.
📅 The creator announces that their binary options mentoring program will begin in the first week of July, with details in the video description.

Q & A

What is the main focus of the video?
-The main focus of the video is discussing the three-bar candlestick pattern, a trading strategy used in both bearish and bullish markets.
How should the second candle in the pattern compare to the first in a bearish market?
-In a bearish market, the second candle must be at least 1.5 times bigger than the first candle.
What is the significance of the third candle in the pattern?
-The third candle is considered the 'sure shot' candle, indicating a strong entry point in the market based on the previous two candles.
Can the same strategy be used in a bullish market?
-Yes, the same strategy can be applied to a bullish market, where the first candle is green, and the second candle must still be larger than the first.
What should you consider when the second candle has a long wick?
-If the second candle has a long wick, the overall length of the candle, including the wick, must still be larger than the first candle.
What happens if the first and second candles are of the same size?
-If the first and second candles are the same size, it is advised not to trade as the winning rate is lower in this scenario.
What are common combinations of candle sizes in the market?
-Common combinations include a small first candle followed by a bigger second candle, or a medium-sized first candle followed by a small and then a large candle.
Why is it important to wait for the second candle in this strategy?
-Waiting for the second candle is crucial because it determines whether the pattern will complete successfully, leading to the sure-shot third candle.
What is the potential winning rate if the first candle is large?
-If the first candle is large, the winning rate of the trade is typically lower, around 70-80%.
What advice does the video give regarding trading with this strategy in real markets?
-The video advises traders to observe the first two candles carefully and only enter the market if the second candle is larger than the first, to maximize the chances of a successful trade.

Outlines

00:00

📉 Three-Bar Candlestick Strategy Explained

In this paragraph, the speaker introduces a three-bar candlestick pattern, primarily used in bearish markets but also applicable in bullish markets. The strategy begins with identifying the first candle, followed by a second candle that must be at least 1.5 times larger than the first one. The third candle will follow the direction of the second candle, continuing the trend. For both bearish and bullish markets, the second candle is key—if it’s significantly larger than the first, a trader can expect the third candle to align with the second. The speaker emphasizes waiting for the second candle to determine entry points.

05:02

⚠️ Recognizing Bad Candlestick Patterns

This section warns traders to avoid certain candlestick patterns that appear unreliable. The speaker highlights that if two consecutive candles are of the same size, this is not a good entry point. Additionally, the strategy becomes less reliable when the first candle is larger, as the winning percentage of this pattern drops to 70-80%. Traders are advised to stick to patterns where the first candle is smaller and the second one is bigger, as these combinations offer higher success rates.

10:29

🎯 Trading Strategy Announcement & Mentorship Opportunity

The speaker concludes by announcing the start of a mentorship program in early July, specifically for those interested in learning binary options trading. A link to join the program is provided in the description, and one-on-one classes will commence in the first week of July. The speaker encourages viewers to sign up if interested and thanks them for watching the video.

Mindmap

Keywords

💡Three Bar Candlestick Pattern

This is a key trading pattern discussed in the video where three consecutive candles are analyzed to predict market trends. The first candle is typically smaller, the second candle is at least 1.5 times bigger, and the third candle follows the same trend as the second. It's important for predicting market behavior in both bearish and bullish markets.

💡Bearish Market

A bearish market refers to a declining market where prices are falling, indicating a pessimistic outlook. In the context of the video, the strategy for a bearish market involves identifying the first and second candlestick where the second one is larger, signaling an opportunity to enter the market before the third candlestick confirms the trend.

💡Bullish Market

A bullish market is characterized by rising prices and optimism about future market performance. The video explains how the three bar candlestick pattern can also be applied to a bullish market, where the first candle is small and green, followed by a larger second candle, indicating a potential profitable third candle.

💡Second Candle

The second candle in the three-bar candlestick pattern is critical, as it must be larger than the first candle by at least 1.5 times. This increase in size serves as a confirmation signal for traders to enter the market, as it indicates a strong trend either in a bullish or bearish direction.

💡Third Candle

The third candle in the pattern is referred to as the 'sure-shot' candle. This candle generally follows the trend of the second candle, confirming the market's direction. Traders are advised to make their entry after observing the second candle, as the third one will typically continue the established trend.

💡Wick

A wick refers to the thin lines above and below the candle body in candlestick charts, representing the range of price movement within the time frame. In the video, it is mentioned that even if a candle has a long wick, it can still fit within the pattern as long as the second candle's total size (including the wick) is larger than the first.

💡Sure-shot Strategy

The sure-shot strategy discussed in the video refers to a highly reliable method of trading using the three-bar candlestick pattern. By waiting for the second candle to confirm the trend and entering before the third, traders can increase their likelihood of making a successful trade.

💡Trending Market

A trending market is one where prices are consistently moving in a particular direction, either upwards or downwards. The video emphasizes that the three-bar pattern works well in trending markets because it helps identify and confirm the ongoing trend, allowing traders to capitalize on it.

💡Retracing Market

A retracing market occurs when prices temporarily move against the prevailing trend before continuing in the original direction. The video provides examples of this, explaining how the three-bar pattern can still work in these conditions, with the second candle acting as a signal for market reentry.

💡Binary Options Trading

Binary options trading is a form of financial trading where the outcome is a fixed amount or nothing at all, depending on whether a specific condition is met. The speaker in the video mentions an upcoming mentoring program for binary options traders, offering to teach strategies like the three-bar candlestick pattern.

Highlights

Introduction to a three-bar candlestick pattern strategy for identifying market trends.

In a bearish market, the second candle should be at least 1.5 times larger than the first candle, followed by a third red candle.

In a bullish market, the strategy is similar, but the first candle is green, and the second candle must also be 1.5 times larger than the first.

Emphasis on the importance of the second candle's size in determining entry points for trades.

The third candle is expected to follow the trend set by the first two candles, making it a 'Sure Shot' candle for trading.

For effective use of the strategy, the second candle should include the wick length when measuring size.

Warning against entering trades if the second and third candles are of similar size, as it reduces the strategy's effectiveness.

The strategy works best in a trending market, where the candles follow the pattern of small, large, and medium sizes.

Explanation of different candle size combinations and how they affect trading outcomes.

Example of a pattern where the first candle is small, the second is larger, and the third is a 'Sure Shot' candle.

In cases where the first candle is larger, the winning rate drops to 70-80%, indicating the strategy's limitations.

Visualization of real-time market examples to demonstrate the application of the strategy.

Illustration of the strategy's success in a bearish market with specific candle size examples.

Discussion on avoiding trades when patterns deviate from the expected candle size order.

Invitation to a mentoring program on binary options trading starting in the first week of July.