Candlestick Trading Strategy - Counter Trend Trading Course

Identify low-risk, high-probability counter-trend setups using Japanese candlesticks when trends fade; manage risk with daily chart analysis and reversal patterns like hammer and inverted hammer.

Identify valid hammer candlesticks for counter-trend trading and distinguish two hammer types, to trade only on genuine reversals for low-risk forex setups.

Identify low risk, high probability entry levels using daily hammer candlestick in a counter-trend strategy; place pending orders below the lowest price and set stop losses on the one-hour chart.

Learn to identify initial stop loss levels for counter-trend setups using hammer and inverted hammer candlesticks on daily charts, with risk management and pending orders to protect capital.

Identify low risk high probability counter-trend entries using hammer candlesticks on daily charts, manage risk with stop-losses and 60 period simple moving average to guide profit-taking.

Maximize profits from counter-trend trades by using a dynamic profit looking technique and a fool-proof profit locking method, moving stop-loss to 63rd simple moving average as trends continue.

Explore counter-trend trading with the USD/CAD using velvet hammer candlestick signals and the Dewdney time frame to identify low-risk entries and manage profits.

Learn what a Japanese candlestick is and how it graphically summarizes price movements for technical traders over any time period, with a central body and top and bottom shadows.

Explore how Japanese candlesticks represent price movement in a one-hour session, detailing opening, closing, highest, and lowest prices, and identify bullish and bearish patterns.

Learn bullish candlesticks, price patterns that rise and close higher than the open within a period. See a one-hour example and note the upcoming opposite pattern.

Bearish candlesticks indicate a price decrease, the opposite of bullish candlesticks, with the open price higher than the close within the period, signaling prices moved down.

Explore special candlesticks, including shaban bullish and bearish patterns with no top or bottom wicks, and dogies candlesticks with no real body.

Explore price momentum analysis, which measures strength behind moves using candlesticks; a longer real body signals strong momentum, likely continuing, while long wicks hint at weaker momentum and reversals.

Learn how shaban candles signal strong momentum and drive profitable long or short trades, guiding entries, holds, and exits based on subsequent price movement.

Confirm a bullish eur/jpy breakout via the daily long-term trend and 360-period moving averages, then manage a low-risk 1-hour entry with stops at the 60-period moving average.

Watch a live breakout long on GBP/JPY guided by a bullish daily trend above the 360-period simple moving average, confirmed on the 4-hour and 1-hour charts, with dynamic risk management.

Apply the advanced trend trading strategy checklist and a forex trading journal to identify low risk, high probability trend setups and manage trades with precise entry, stop, and profit targets.

Learn how to fill the free forex trading journal template, logging entry and exit dates, stop loss, take profits, risk percentage, position size, and trade outcomes for USD/JPY trades.

Learn a low risk, high probability trend-following forex strategy using daily, four-hour, and one-hour charts, ADX, fractals, and 60-period SMAs to identify entries, exits, and targets at twice risk.