Hi Traders,
In this episode, we have a special guest who will be showing one of the concepts that she has developed.
Alison Feiner has been a client of Trade View since 2017 and her trading journey is remarkable. Alison came in at Second Place in the 2018 International Trading Championship, missing out on the top prize buy the slimmest of margins with a 96.34% profit. To learn more about Alison’s trading journey, you can read her trader profile here.
Alison will be presenting a system that she has developed that looks at finding a reversal pattern, trading and managing the position.
Candlestick patterns are one of the most popular technical analysis tools used by traders. They can be used to identify potential reversal points, and provide a better understanding of the market sentiment. In this blog post, we will discuss how you can use candlestick patterns to enter trades with a higher probability of success.
The most important thing to remember when using candlestick patterns is that they are only one part of the puzzle. It is important to combine them with other technical indicators, such as support and resistance levels, Fibonacci retracements, and moving averages. This will help you confirm the reversal signal and make a more informed decision about your trade entry.
There are many different candlestick patterns that can be used for reversal trading strategies. Some of the more popular ones include the hammer, inverted hammer, shooting star, doji, and morning/evening star. Each pattern has a specific set of characteristics that can be used to identify it on a chart.
When combined with other technical analysis tools, candlestick patterns can be a powerful way to improve your trade entries. By using them in conjunction with other indicators, you can confirm the reversal signal and make a more informed decision about your trade. This will help you increase your chances of success and improve your overall trading results.
Do you want to learn more about algotrading? If so, check out our Trading Talk series. In this series, we cover everything from basic concepts to advanced strategies.
Click here to learn more .
We hope you enjoy the episode.
