Hello guys welcome back, today we’ll be making money on IQ option platform,im gonna
tell you about one indicator, one pattern, which is really simple and gives a lot of
high quality signals.
The beginners’ problem is that they mostly don’t know which direction to open a deal
to, when to do that, which time to set, and all of that causes a lot of questions.
There’s a huge amount of the information online that you need to sort out because there’s
a lot of garbage among it, and both beginners and those who’s been trading for some time
just get lost, and this is why its harder to make money.
In this video I’ll answer all of those questions, answer how to look for signals, how to enter
them properly, which time to set, to get your profit.
So if you want to start making money in the near future – it doesn’t matter you’re
a beginner or an experienced trader already, this video will be good for you for sure,
please watch it till the end, and try the knowledge you get on your practice.
In this video we’ll be taking candles’ analysis into consideration, I mean the most
popular, the main pattern in candles’ analysis.
Lets firstly get what a pattern is.
Pattern is a particular template and we know for sure how the market will behave after
it.
There are a lot of different patterns, there are ones consisting of 2 candles, 3 candles.
Today it’s the easiest one, but still really effective pattern called pin bar.
Pin bars are candles having a small body, and a huge shadow, yes this is how its called.
There are bodies smaller in size or very small, but what matters is the big shadow, we can
find such candles on the chart, look here’s a good example.
Theres a small body and a big shadow.
Those candles are on the chart for a reason, they mean something so lets figure it out.
The thing is – most candle patterns are the trend’s reverse patterns, so when we
see such patterns – bull patterns, and here are bear ones.
Their differences is that after a bull patterns there’s a growth coming, and as we see a
bull pattern was generated, bull pin bar, and the chart went up.
So after a bull pattern we trade with higher, and after a bear one we trade with lower.
The bear pattern is here as well.
Here’s a good example, look, there’s a bear candle, not because its red but because
its shadow is an upward one, so a bull candle had a shadow down, and a bear one has a shadow
up.
So there’s a small body, big shadow, and after that the market falls as you see.
And we’re gonna use it, because we know what happens next after those patterns, we’ll
be learning how to find them on the chart and trade.
Its actually pretty simple, and there are 2 main things you should keep in mind – a
huge shadow on the chart, look, the bull candle has this shadow pointed down, because after
a bull candle a growth starts.
And after a bear one a fall starts as the shadow is pointed up.
And the main thing is those candles being located at the very bottom of the chart of
at the very top.
So if we see those candles in the middle, we don’t trade on them.
Why you’d ask, well because these patterns are the trend reverse patterns, and the trend
doesn’t turn in the middle of the chart, the trend changes for example from upward
to downward an the very top, and from downward to upward – at the very bottom.
So we look for those patterns at the bottom and at the top.
So lets move to trading, a think its all clear considering a theoretical part, I’ll be
commenting my each deal and explaining everything.
My dear friends we open the 1st deal, of course the pattern could be more interesting, it’s
a bear pattern and as we see it has a pretty big shadow at the top, yes it could be even
bigger but we have what we have for now.
So, a small body, the shadow pointed up, and the chart is somewhere at the top, its not
the middle of the chart and theoretically the fall can start from this place as the
pattern is a bear one.
And as for the time, the candle has a time 1 min, so the time of the deal is a minimum
one as well.
If your candles are 15 min ones, ore 5 min ones, then you choose the according time – 5
or 15 minutes.
The 1st deal’s being closed in a profit, as we see the next candle turns out to be
red, a falling one in other words, and we opened a deal exactly with lower.
Great.
So another deal is over, yep not a very confident closure but anyway the result is positive,
I was focusing on this green candle, it’s a bear candle even though its colored green,
it had a shadow pointed up.
The chart is located in a way that it’s a particular peak of the chart, and as we
see the 1st red candle’s being formed, the 2nd red one, and I think this falling trend
will continue.
So the 2nd deal’s being closed in a profit, we go on!
So guys as we see a pretty serious news comes out, the market was affected, the bull pattern’s
here, it’s a bull pin bar because it has a small body and a big shadow, look yourself,
a perfect pattern, located at the very bottom of the chart, and after that the growth’s
supposed to happen.
So we open a deal with higher and wait for the result.
So guys the 1st deals’ unfortunately closed at a loss, because the candle was formed as
red, and its sad but the growth or fall happens not always right away after our pattern, from
the 1st candle, but it doesn’t mean we should stop on that, and we keep on opening deals
to the direction the signal came to.
So this is why we should always have some funds left on deposit – so we can cover
losses in case of anything, like I did right now.
So guys another series of deals is being closed in a profit, lets analyze this case.
Look the fall of the market happened, 2 patterns were formed and they’re alike, it’s a
bull pin bar pattern, one candle was formed, another one was formed, unfortunately after
the 1st candle there were no growth coming, so I opened a deal with a double bet amount
on the 2nd candle.
It was a pretty predictable case, and right now there’s gonna be either a small correction
to the growth or a reverse even.
We managed to make our balance almost 2 times bigger in this video, so its about 120 percent
of clear profit.
I think it’s a great result taking into consideration we’ve spent a little time,
really, and we’ve been also trading on such an understandable tactics as trading on candle
patterns.
Is you’ve watched this video till the end- you’re such a fine fellow, now you can try
all this knowledge on practice, on any platform.
If you want to see more lessons on candle patterns and similar strategies then be sure
to go to my YT channel.
A have a lot of free educational videos and profitable strategies.
That’s it for today, if you want to get 50 and more signals a day with a percentage
of payout 76 percent – then follow the link in the description to my free tg channel,
and meet a couple of simple conditions - ill add you to the channel with signals.
I don’t say goodbye for long as we’ll meet really soon in my next video.
Bye!