I've got something that's going to
change your entire life and the entire
way that you day trade and the entire
way that you enter and look for Trends
it's going to make you more profitable
just by watching this video
welcome back to the channel everybody my
name is Artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable everybody has heard the rule
the trend is your friend and if you only
take Trend continuation trades you will
be in good hands I promise you because
the statistics show that price will
continue its Trend 60 percent of the
time so you just by trading the trend
you have a 60 win rate which is better
than 50 50. so what I want to do in this
video is show you every single important
bullish candle formation that you can
trade on every single time the first one
that we're going to discuss is the
hammer candle formation all of these
formations if you're familiar with
Williams fractals every single time a
price makes a higher high or higher low
it creates a pivot point like an arrow
at each side these candle formations
show you where is most likely the Pivot
Point gonna happen so in the hammer
example you can see that had a long Wick
down but ended up closing bullish this
single indication right here will show
you that price went down but rejected
for some reason and shot up and closed
bullish so it could be a potential trade
entry for you the next one is going to
be an inverted Hammer this one I don't
like as much because of the long wick on
top but when trading Hammer candle
formations you got to think about the
hammer and then the arm that swings it
so depending on what the next candle is
that's usually the direction that the
hammer is going to go next one up is the
dragonfly doji this one opens and closes
at the exact same price with a long wick
on the bottom end of it this usually
shows a big move down but a strong
rejection pushing the price back up to
where it opened the next one is my
absolute favorite this is called a
bullish engulfing candle I usually like
to have it accompanied with three of the
opposite direction candles and one
engulfing candle in the direction that
the trend is going to continue for this
one it's bullish this next candle
formation is called the piercing line I
do not trade this pattern because it is
traded usually on a higher time frame
like the daily so what I'm going to do
is read what Investopedia has to offer
the pattern is preceded by a downtrend
in price the price gaps lower to begin
the second day the second candle must
close above the midpoint of the first
candle this signifies that buyers
overwhelmed the sellers on this day and
as you all know price Moves In
accordance with who has the most
strength the buyers or the sellers it's
a fist fight every day again this is
better on the daily time frame for swing
Traders the next two are very very
similar to the three line strike so I
like them a lot it is the morning star
and Morning doji Star both of these
bottom stars are such small candles that
it could have went either way whether it
was a bullish or bearish close but then
followed by a huge candle which
essentially engulfs that one and then
halfway of the second one or the entire
one both of these candle formations and
the three line strike is what I
primarily trade and the last bullish
candle formation is going to be the
three white soldiers as price is coming
down it comes to a halt and these three
solid bullish candles show a nice
strength and pivot in momentum so how do
you implement this on your chart and how
do you see these things without having
to work too hard at it what I want you
to do is click on the indicators Tab and
type in all patterns you will see it is
built in in the technicals it says all
Candlestick patterns add it to your
favorites add it to your chart once you
get it on your chart what I want you to
do is set detect Trend based on no
detection not the 50 or the 200 just no
detect action and I want you to select
pattern types bullish so we are only
looking for candle formations that are
going to push the price up in our
uptrend not all of them are listed here
but what you can do is just select the
dragonfly doji engulfing candles Hammer
Morningstar doji Morningstar piercing
and three white soldiers don't tick any
of the other ones now what this
indicator does for you is when the
candle closes it will print what type of
formation this is this is a bullish
engulfing but not a three-line strike
like I like it just engulfed the
previous candle again you see it here
and here and here then we have a
dragonfly doji another dragonfly a
hammer engulfing engulfing engulfing
engulfing while price is on an uptrend
what you can do is enter in Long
positions and what you guys can do at
that point is shoot for your 10 Pips
like you learned in my previous video
Once price starts making higher highs
and higher lows you can snag your 10
Pips here you got a loss here got a win
here a win here a win here a win here a
win here a win here a loss a win and a
loss that's without doing any type of
price action analysis just going off of
these little arrows that pop up on your
chart but if you couple that with Market
structure and looking for higher highs
and higher lows you can see that when
price rejects off of specific areas you
can remove half of these signals that
made you lose now these were all bullish
candle formations if you want to learn
about bearish candle formations watch
this video right here make sure you're
dropping a like And subscribe if you
haven't already thank you so much for
watching and we'll see you in the next
one