Candlestick Setups

What you’ll learn?
  1. What are the simplest and cleanest candlestick setups that you need for analysis?
  2. How do bullish and bearish engulfing setups work, and where should you place your entries and stops?
  3. What are delayed engulfing setups, and how do they differ from regular engulfing setups?
  4. What are topping tails and bottoming tails, and how can they indicate potential reversals?
  5. How can you use topping tail and bottoming tail takeouts to add to existing positions?
  6. What is a Bullish Candle Ignored (BCI) setup, and what does it signify in a bull trend?
  7. What is a Bearish Candle Ignored (BCI) setup, and how can you identify it in a bear trend?
  8. When should you take profits in a BCI setup for optimal results?
  9. Why is proper position sizing crucial when trading with candle setups and cycles?
  10. How can defined entries and stops help you manage risk effectively when trading candlestick setups?
Content Chapters
00:00 Introduction
01:44 Engulfing Setups
03:22 Delayed Engulfing Setups
05:06 Topping Tails and Bottoming Tails
07:48 Topping Tail and Bottoming Tail Takeouts
09:52 Bullish and Bearish Candle Ignored (BCI)
12:07 Recap and Importance of Position Sizing
13:25 Conclusion


What’s included?

00:00 Introduction

  • Update on candlestick setups
  • Simplest and cleanest setups

00:46 Overview of the 10 Candle Setups

  • 5 setups with bullish and bearish variants
  • All you need for candlestick analysis

01:44 Engulfing Setups

  • Bullish and bearish engulfing
  • Entry points and stop placement

03:22 Delayed Engulfing Setups

  • Variation of engulfing setups
  • Multiple candles forming the setup

05:06 Topping Tails and Bottoming Tails

  • Short setup (topping tail) and long setup (bottoming tail)
  • Reversal candles and follow-through

07:48 Topping Tail and Bottoming Tail Takeouts

  • Occurs when a bullish/bearish candle closes above/below a pivotal topping/bottoming tail
  • Stop placement and adding to existing positions

09:52 Bullish and Bearish Candle Ignored (BCI)

  • Occurs when a bearish candle follows a bullish one in a bull trend (and vice versa)
  • Sign of strength and taking profits

12:07 Recap and Importance of Position Sizing

  • Candle setups, cycles, and position sizing
  • Defined entry and stop for risk management

13:25 Conclusion

  • Reviewing the setups if needed
  • Transitioning to chart analysis