You are on page 1of 69

TRADING CHALLENGES

Entering trade too late


Knowing when to exit
Preserving trading capital
Quickly recognizing trading signals
Paralysis by analysis
Correctly using candlestick

ru_saraogi@yahoo.co.in
9163942658
BENEFITS OF CANDLES

Easy to understand
Early reversal
East + West
All markets
All Time frames

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
The Real Body is the Essence of the Price
movement

Who’s in control
ru_saraogi@yahoo.co.in
9163942658
DOJI

ru_saraogi@yahoo.co.in
9163942658
BULLISH CANDLESTICK BEARISH CANDLESTICK

1. DRAGONFLY DOJI 1. GRAVESTONE DOJI

2. HAMMER 2. SHOOTING STAR

3. BULLISH ENGULFING 3. BEARISH ENGULFING

4. BULLISH HARAMI & HARAMI 4. BEARISH HARAMI AND


CROSS HARAMI CROSS
5. TWEEZER BOTTOM 5. TWEEZER TOP

6. BULL COUNTER ATTACK 6. BEARISH COUNTER ATTACK

7. BULLISH BELT HOLD 7. BEARISH BELT HOLD

8. MORNING STAR 8. EVENING STAR

ru_saraogi@yahoo.co.in
9163942658
1ST two are single candlestick
pattern
 From 3rd to 7th are double
candlestick pattern
Last two are triple candlestick
pattern

ru_saraogi@yahoo.co.in
9163942658
DRAGONFLY DOJI

OPEN = HIGH=CLOSE

LOW PRICE

ru_saraogi@yahoo.co.in
9163942658
DRAGONFLY DOJI

ru_saraogi@yahoo.co.in
9163942658
GRAVESTOVE DOJI

HIGH
HIGH

OPEN =CLOSE

OPEN=LOW=CLOSE LOW PRICE

Which three prices of the session are on the low?


What happened during the session? And by the session’s end?

ru_saraogi@yahoo.co.in
9163942658
Gravestone doji

ru_saraogi@yahoo.co.in
9163942658
Gravestone doji

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
Doji confirms Resistance

ru_saraogi@yahoo.co.in
9163942658
Doji as warning
Doji does not
mean market will
go down
Doji is used as
resistance
Market is in the
point of indecision

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
Importance of
shadows
ru_saraogi@yahoo.co.in
9163942658
Reading the market’s message

ru_saraogi@yahoo.co.in
9163942658
HAMMER

Lower shadow at least 2x height real body.


Low of hammer as support.

ru_saraogi@yahoo.co.in
9163942658
HAMMER as strong demand zone

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
Hammer as support.

ru_saraogi@yahoo.co.in
9163942658
Ignoring candle’s support or
resistance areas

ru_saraogi@yahoo.co.in
9163942658
SHOOTING STAR

•Upper shadow at least twice height of the real body


•High of shooting star as resistance

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
BULLISH ENGULFING

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
BEARISH ENGULFING

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
BULL COUNTER ATTACK

ru_saraogi@yahoo.co.in
9163942658
BULL COUNTER ATTACK

ru_saraogi@yahoo.co.in
9163942658
BEAR COUNTER ATTACK

ru_saraogi@yahoo.co.in
9163942658
BEAR COUNTER ATTACK

ru_saraogi@yahoo.co.in
9163942658
TWEEZER BOTTOM

CLOSE OF 1ST CANDLE = OPEN OF 2ND


CANDLE
LOW OF THE BOTH THE CANDLE ARE SAME

ru_saraogi@yahoo.co.in
9163942658
TWEEZER
BOTTOM

ru_saraogi@yahoo.co.in
9163942658
TWEEZER TOP

CLOSE OF 1ST CANDLE = OPEN OF 2ND CANDLE


HIGH OF THE BOTH THE CANDLE ARE SAME

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
TWEEZER TOP

ru_saraogi@yahoo.co.in
9163942658
BULLISH HARAMI AND HARAMI CROSS

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
HARAMI CROSS

ru_saraogi@yahoo.co.in
9163942658
BEARISH HARAMI AND HARAMI CROSS

ru_saraogi@yahoo.co.in
9163942658
BEARISH HARAMI

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
BULLISH BELT HOLD

ru_saraogi@yahoo.co.in
9163942658
BULLISH BELT HOLD

ru_saraogi@yahoo.co.in
9163942658
BULLISH BELT HOLD

ru_saraogi@yahoo.co.in
9163942658
BEARISH BELT HOLD

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
5

x ru_saraogi@yahoo.co.in
9163942658
2

x ru_saraogi@yahoo.co.in
9163942658
MORNING STAR

TRIPLE CANDLESTICK PATTERN


IST CANDLE IS RED
2ND CANDLE COLOUR IS NOT MANADATORY
2ND CANDLE CAN BE A DOJI OR A SPINNING TOP

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
EVENING STAR

TRIPLE CANDLESTICK PATTERN


IST CANDLE IS GREEN
2ND CANDLE COLOUR IS NOT MANADATORY
2ND CANDLE CAN BE A DOJI OR A SPINNING TOP

ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658
ru_saraogi@yahoo.co.in
9163942658

You might also like