Intraday candlestick secrets for day and swing trades

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1 Intraday candlestick secrets for day and swing trades 1

2 Intraday Candle Charts Be more flexible with candle patterns on intraday candle charts than with daily or weekly candles 2

3 Non FX Bearish Engulfing Pattern close open Criteria: Black real body wraps around preceding white real body Market in up trend Implication: Bulls have been constrained 3

4 FX Bearish Engulfing Pattern close open Criteria: Black real body wraps around preceding white real body Market in up trend Implication: Bulls have been constrained 4

5 Intraday candle signals close open Chart courtesy of Genesis FT 5

6 Monitoring Daily Support/Resistance 6

7 Daily Chart for Support/Resistance 1 of 2 Chart courtesy of Genesis FT Daily Chart We are thinking of buying on the session at the arrow as market approaches important support near 137 on Feb. 27. Let s turn to an intra-day chart to see if there are any buy signals as the Euro/Yen cross nears this level.. (see next chart) Feb. 27 7

8 and then use daily support/resistance on intraday chart 2 of 2 Intraday Chart Piercing Pattern from daily chart Chart courtesy of Genesis FT Feb. 27 8

9 Support / Resistance from Daily Chart.. 1 of 2 Resistance zone Chart courtesy of Genesis FT 9

10 placed on intraday chart 2 of 2 Resistance zone From daily chart Chart courtesy of Genesis FT 10

11 Finding the Extra Early Reversal Areas 11

12 Harnessing the insights of intraday candles Hello Steve, I attended your seminar in NY. Please attached find the log of my trade on EUR/USD. The first picture shows my short entry based on a daily chart's Shooting star which confirmed the Resistance. Later on the 4hr. chart, a Doji appeared which confirmed the support level. I exited the trade with +61 pips. If you have any comments/suggestions, please feel free to do so. Many thanks, Frank C. The first picture shows my short entry based on a daily chart's shooting star which confirmed the resistance at bearish engulfing pattern. 12

13 Harnessing the insights of intraday candles Resistance area from bear engulf on daily chart Daily chart reversal with shooting star at With the reversal on intraday at Frank would have improved his profit by 50% Later on the 4hr. chart, a Doji appeared which confirmed the support level. I exited the trade with +61 pips. 13

14 Harnessing the insights of intraday candles April 26,27,30 14

15 Harnessing the insights of intraday candles 15

16 Finding Hidden Support/Resistance 16

17 Intraday charts to uncover hidden support: 1 of 3 Daily On this daily chart where is first support after this tall white candle on April 15? Let s go to the intraday. 17

18 Intraday charts to uncover hidden support: 2 of 3 Intraday April 15 18

19 Intraday charts to uncover hidden support: 3 of 3 On this daily chart we see what occurred after April 15 Daily Support zone obtained from intraday chart 19

20 Is the Market Overextended? 20

21 Overbought/Oversold On this daily chart market looks oversold 21

22 Overbought/Oversold This intraday chart gives a different perspective 22

23 Overbought/Oversold This intraday chart gives a different perspective On this daily chart market looks oversold 23

24 Was There a Successful Test of Support/Resistance? 24

25 Successful test of Resistance? 1 of 3 Daily Chart 25

26 Successful test of Resistance? 2 of 3 Intraday chart 26

27 Successful test of Resistance? Yes! 3 of 3 Daily Chart 27

28 Swing traders confirmation of support on weak candle On Feb. 22 held support but long black Feb. 22 Support from daily chart 28

Interactive Practice Questions

Interactive Practice Questions Bonus Handouts Interactive Q and A companion for video workshop Secrets of Becoming a Samurai Trader: Advanced Candlestick Charting Techniques with Steve Nison These extra handouts (which are not part