Your item will be the starting point, and your stop loss will be placed in front of the inner stripe, under the tail of a larger candle, mother’s candle, and the goal of profit is the next step. Calm down?
The second concept that characterizes the Bible is trade in confluence. In other words, you’ll learn how to find convergence factors that support transaction decisions. This allows you to use only those settings that may be on the market, and to ignore low-quality settings.
Please refer to the table below to understand how to trade based on attachment.
As you can see in the chart above, there are five connection elements that support our decision.
The first factor is the downward trend, a strong signal to market. Do not try to buy the market. The most successful traders say: “Trend is your friend.” This is what the Bible teaches in the trade of candles.
The second factor is that the level of support is at the resistance level. This area is the best place to wait for the shape of the price signal.
The third factor is the stem-shaped candlestick, which is formed after restoring to the resistance level. This means that the regression step is completed and a pulsed motion will occur.
My candle trade When you think of the confluence you teach in the Bible, you will have a winning trading mind, and your brain will get used to identifying only those settings that can produce huge profits.