I do admit to that being an emotive headline. Still hypnotized by the power of a good candle combination.

Traders either love them or loathe them, there really doesn’t seem to be much middle ground .

I use them .YES  I’m out the trading closet at last. I feel they have got a bad press in trading circles as taking them individually.- hanging man (not exactly the epitome of non sexist)  and his friends have seemingly gone out of fashion as our platforms can plot ticks, volumes, market maps et all.

I would invite your comments dear readers, on the reliability and relevance of candles in today’s ever evolving markets. and leave you with a purist candle set-up. I always like to view candles as a combination, rather than an individual pointer on a timeframe .

 

AUDJPY-D1

 

An example of a block candle pattern on AUDJPY with the ‘mean reversion’ resistance ( in candle terms) based on the daily candles at 88.77 . Pointing to a dip/short trade under  the 88.35 area.

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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