1 minute binary option very powerful Candlestick pattern based sure shot trading win all trades
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
- ๐ The video discusses a three-bar candlestick pattern used in bearish and bullish markets.
- ๐ The second candle must be at least 1.5 times bigger than the first candle for the strategy to work.
- ๐ด In a bearish market, the first candle is red, and the second and third candles must also be red.
- ๐ข In a bullish market, the first candle is green, followed by a larger second green candle and a third green candle.
- ๐จ The key entry point in this strategy is after the formation of the second candle, which confirms the pattern.
- ๐ The second candle's overall length, including the wick, must be bigger than the first candle.
- โ๏ธ Different candlestick combinations occur frequently, but the recommended strategy focuses on waiting for the second candle to be larger than the first.
- ๐ The pattern works well in trending markets, where there is a sequence of small, medium, and large candles.
- โ Avoid trading when the first and second candles are of the same size, as this decreases the strategyโs success rate.
- ๐ 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
This section is available to paid users only. Please upgrade to access this part.
Upgrade NowMindmap
This section is available to paid users only. Please upgrade to access this part.
Upgrade NowKeywords
This section is available to paid users only. Please upgrade to access this part.
Upgrade NowHighlights
This section is available to paid users only. Please upgrade to access this part.
Upgrade NowTranscripts
This section is available to paid users only. Please upgrade to access this part.
Upgrade NowBrowse More Related Video
Morning Star Candlestick Pattern | Basic Price Action Roadmap | Part 3
Trading one candle is easy, actually | Determine Market Direction and Daily bias
The ONLY Candlestick Pattern Guide You'll EVER NEED
Best ICT Trading Strategy! (Quit Your Job In 60 Days!)
This One Candle Can Change Your Life
Open High Low Close - Understanding Candlesticks
5.0 / 5 (0 votes)