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Here’s how I typically manage risk while in a trade. I have included plenty of charts and a video to show graphically how risk was managed.
Trading the failure of the inside bar pattern is one of my favourite strategies and in this video I have explained how exactly you can look for and trade such setups.
I am not a big fan of double tops or triple tops. In fact, I often look for these setups to fail, simply because there will be a lot of stop loss orders above them.
Trading Candles YouTube channel
Educational YouTube videos I have produced for ThinkMarkets
More content coming soon
My favourite candle patterns
There are a few candlestick formations that I love. But it is not all about the shape of the candles. Where and when they occur is more important.
Key reversal patterns
These include the Head and Shoulders, Double Bottoms/Tops and False Breaks. The latter is my favourite.