Candlestick Setups
What you’ll learn?
- What are the simplest and cleanest candlestick setups that you need for analysis?
- How do bullish and bearish engulfing setups work, and where should you place your entries and stops?
- What are delayed engulfing setups, and how do they differ from regular engulfing setups?
- What are topping tails and bottoming tails, and how can they indicate potential reversals?
- How can you use topping tail and bottoming tail takeouts to add to existing positions?
- What is a Bullish Candle Ignored (BCI) setup, and what does it signify in a bull trend?
- What is a Bearish Candle Ignored (BCI) setup, and how can you identify it in a bear trend?
- When should you take profits in a BCI setup for optimal results?
- Why is proper position sizing crucial when trading with candle setups and cycles?
- 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
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
