Forex Forums | ForexLasers.com


Go Back   Forex Lasers Forum > FOREX TRADING > Forex Systems


Candlestick patterns...

Forex Systems


Reply
 
LinkBack Thread Tools Search this Thread
  #1  
Old 22-02-2010, 13:46
Level 1 Lasers Member
 
Join Date: Jan 2010
Posts: 1
Default Candlestick patterns...

Anyone using candlestick patterns to make a trade call...I am also looking for a MT4 indicator which detects patterns such as hammer, shooting star, etc.

Appreciate your input....
Reply With Quote
  #2  
Old 22-02-2010, 19:11
Egwig's Avatar
Level IV Lasers Member
 
Join Date: Apr 2009
Location: UK
Posts: 230
Default

Quote:
Originally Posted by FrankC View Post
Anyone using candlestick patterns to make a trade call...I am also looking for a MT4 indicator which detects patterns such as hammer, shooting star, etc.

Appreciate your input....
Have a look at the attached.

You may have to adjust the colors in the 'Inputs' tab so the texts show up in your charts;)

Egwig:cool::cool:
Attached Files
File Type: ex4 IBFX - CandleSticks.ex4 (28.4 KB)
Reply With Quote
  #3  
Old 24-04-2010, 15:41
Level 1 Lasers Member
 
Join Date: Feb 2010
Posts: 4
Default

ues i am using candles with successfully
Reply With Quote
  #4  
Old 25-04-2010, 12:04
Egwig's Avatar
Level IV Lasers Member
 
Join Date: Apr 2009
Location: UK
Posts: 230
Default

Quote:
Originally Posted by mueen2419 View Post
ues i am using candles with successfully
Just as with any indicator they can be a help.

Just don't rely on any one indicator by itself.

Get confirmation from others and from trends in higher time frames. ;)

Egwig:cool::cool:
Reply With Quote
  #5  
Old 02-05-2013, 13:10
Level 1 Lasers Member
 
Join Date: Jan 2012
Posts: 5
Default Re: Candlestick patterns...

Quote:
Originally Posted by FrankC View Post
Anyone using candlestick patterns to make a trade call...I am also looking for a MT4 indicator which detects patterns such as hammer, shooting star, etc.

Appreciate your input....

Try the inforex.pattern-watcher.com site.

This software watches for 30 currency pairs.
Scan on all time frames including 1, 2, 3, 5, 10, 15, 30, 60, 120, 180, 240 and 300 minutes chart time frames.
Will look and find 89 different patterns in real-time and notify you immediately.
You can also design their own patterns.


Best Regards,
Gary Frank Lewis
Reply With Quote
  #6  
Old 16-09-2013, 19:38
Level II Lasers Member
 
Join Date: Sep 2013
Posts: 25
Default Re: Candlestick patterns...

Quote:
Originally Posted by GaryFrankLewi View Post
Try the inforex.pattern-watcher.com site.

This software watches for 30 currency pairs.
Scan on all time frames including 1, 2, 3, 5, 10, 15, 30, 60, 120, 180, 240 and 300 minutes chart time frames.
Will look and find 89 different patterns in real-time and notify you immediately.
Thanks for posting this! Looks interesting!
Reply With Quote
  #7  
Old 26-09-2013, 08:37
Level 1 Lasers Member
 
Join Date: Sep 2013
Posts: 7
Default Re: Candlestick patterns...

Is it also working on the wider time frames. As for me the most effectively cnadlestick patterns can be used on D1...othewise there are just not enough of data.
Reply With Quote
  #8  
Old 07-10-2013, 10:32
Level 1 Lasers Member
 
Join Date: Oct 2013
Posts: 6
Default Re: Candlestick patterns...

Strategy in forex works when a lot of people are following it. You have to see the same picture in order to act the same. As for me candlestick patterns are off the table now. I mean, OK, when you have up to 10 patterns, it is OK, but now there more and more formations. Everyone see something else and that is where the problems are coming from.
Reply With Quote
  #9  
Old 14-04-2014, 00:55
Level 1 Lasers Member
 
Join Date: Apr 2014
Posts: 6
Default Re: Candlestick patterns...

I have found that candlestick patterns are effective 50% of the time.
Reply With Quote
  #10  
Old 12-04-2015, 08:21
Level IV Lasers Member
 
Join Date: Aug 2014
Posts: 133
Default Re: Candlestick patterns...

Price action is a profitable trading strategy that I always use to bring profit in a short time. For using this policy I selected as my trading platform GCI where I get all time accurate candlestick so it is possible to me to predict the market with certainly. By the way, I always make profit by using this trading strategy with very narrowest spread.
Reply With Quote
  #11  
Old 22-04-2015, 11:29
Level 1 Lasers Member
 
Join Date: Apr 2015
Posts: 1
Default Re: Candlestick patterns...

It is actually better you read books on candle sticks rather than trying to short cut your way with indicators.
Trust most candle stick indicators a not worth the time.
Reply With Quote
  #12  
Old 26-08-2015, 18:11
Level IV Lasers Member
 
Join Date: Aug 2014
Posts: 133
Default Re: Candlestick patterns...

I am very lucky to select GCI Financial trading platform where I can trade in my mobile phone due to having automated mobile trading software. So, at any place I am able to carry on my trading thatís really plus point in my trading career. Therefore, I can trade here metal, gold CFDs besides all major trading currency pair in this trading platform.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Identifying patterns Stephanie3374 Forex Discussion 3 03-07-2011 00:38
Candlestick Charting Books bevivid Forex Discussion 6 13-10-2009 15:15
Free CANDLESTICK webinar steve nilson_ time sensitive lrathi Beginner Talk / Q and A 3 18-05-2009 08:35


All times are GMT. The time now is 19:49.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2019, vBulletin Solutions, Inc.