Forex Strategies With Morning Star Candle Pattern

I Find Morning Star pattern On Time Frame H4

S & R nearby, I know on a daily time frame bearish market trend, however Morning Star candle pattern is a reversal candle pattern to determine the direction of the trend.

Currency euro strengthened, so we had to buy euro and sell USD.
Let We Find any Morning Start Pattern in  the past

You can watch my Video about this traader on youtube 

Fx signal from Piercing Line candle pattern

Here is a piercing line pattern, on the daily time frame


To detect bulish we can identify by using candle pattern Piercing line.
1. Trend Previous Bearish
2. Candle Bull First there must be GAP with previous bear candle
3. Close Candle Bull should be more than 50% of candle Bear.

Examples Candle Patterns in MetaTrader 4 Pair NZDJPY occurred in May, Candle and Candle Date Date 9 10.



When trading is easy then must prepare Floating up to 148 pips in the above case, and the two-time target or targets that I put at the previous peak. But unfortunately the target was not achieved. We've been waiting 14 days and failed, but do not fail if you change the SL when there is a profit.
The scenario like this
1. Open Candle 3rd Day
2. Attach SL in the Deep Tail Candle Plus Spread Broker
3. Each time the tides may be opportunities SL SL Plus Attach Plus
4. Install Pending Order Buy When exposed SL plus
5. As far as the Pending Order Give SL SL First
Let's Piercing Line Pattern Candle else to membutkikan efficacy of this trading strategy.

The second discovery is also failing, more severe than on the findings of the first, there are two possible I may be mistaken identify Pierching Line Candle Pattern or indeed success is not 100%, but with the use of capital management is good and using the Rule which we agreed upon us still can gain up to 11 days, then contact SL 2 days, it can be for the next day, then contact SL 3 days and could gain another 5 days until we open the first time.
So When the total amount of profits and losses greater profits
Advantages 11 + 1 + 5 = 17 Days
Losses 2 + 3 Days
If we keep using the same lot we can be still for using this strategy.
Candle Patttern findings third Piercing Line Success. Goal reached after 2 days


Just to remind Take Profit find the nearest peak reduced spread broker. SL find nearby valley plus spread Broker.



What about the findings of this fourth successful or not?
If you remain faithful to the rule of success is much higher than your failure only fail one day only, on the following days to achieve your targets successfully.

My conclusion Pierching Line Candle pattern is an indication that the market will be bullish when the previous bearish, the success rate using this candle pattern outweigh the failures.

The most important thing in trading is
1. good capital management
2. Install the SL that could we pay
3. Always install the SL Plus after profit
4. Follow the Rule which we have test success

This is my backtest on video version

Forex Strategy with Abandoned Baby on Metatrader 4

Candle pattern easily seen when off the market like today, we do not need to backtest using software to determine what percentage of success of Abandoned Baby candle pattern. I will combine this analysis with support and resitance Nearby attention.

Let's find the pattern on the interface MetaTrader 4


Use SL to avoid big losses. When the opportunity to move the position of SL in a profit position or sl plus.

Target / resistance I choose to base their immediate support, look at the yellow line to the left.
Before we continue the research we try to make a rule to assess the success of our trading planning.
1. Search Patterns Abandoned Baby Abandoned Baby Top or Bottom
2. Use Lot mini because we are going to trade intraday
2. Use the SL and TP at the top of the nearest support or resistance
3. Always Install SL Plus When the opportunity to minimize losses
4. Close Kena SL If either Plus or minus or wait until targets are met

Good We'll find a few more times Patterns Abandoned Baby with the target or SL in support immediate resistance.



I find Abandoned Baby Top on April 4, but before the target is reached Abandoned Baby Bottom candle of patterns on a few hours later. Fixed trading based on rules

1. Abandoned Baby Top That gives us Sell At the first moment Candle candle pattern formed. Look at the yellow writing on a candle that shows the white arrows.
2. SL over the nearest support or resistance seen on the yellow line above we put SL on the line.
3. Target Support What's on it is in reducing the amount of spread your broker.
It turns out the first successful planning our original trading based on rules that we have agreed on.

Here we find the Abandoned Baby Bottom Means we Buy
Staying true to his rule ya
1. OP after completion candle pattern formed Check in red lettering on a candle Second OP I indicated with white arrows.
2. Support What's SL on Red Line Down
3. TP On the red line above the nearest resistance

Always use SL Plus to avoid a loss, I think it's better than a little profit and loss

On April 5, SL Fixed When it will experience a loss in the first OP managed to hit the target. SL Plus it should be installed to avoid losses.

Abandoned Baby Candle Pattern Here I found again but to put his SL 70 pips so far. Better not OP in these conditions. But this is only the case study, so will we investigate the truth



The display screen of our Metatrader 4 zooming out to see the target at the closest resistance



we found the target, is greater than the SEL is nice but look. Plan we fail and we must lose if they do not install SL plus.

In the past I was wrong findings identify candle pattern, seen in the picture below


I hope you understand the differences in the pattern. The right candle pattern is Bull Bull Bear or Bear Bear Bull. I am wrong to choose candle pattern.

Always use SL Plus to avoid a loss, I think it's better than a little profit and loss

the picture below is the zoom of the picture above

sorry if my trading strategy does not fit your expectations. thank you for visiting