Finding Trend Reversals With Daily Candlesticks

Candlesticks are the way most traders use when setting up their charts. That's because candlesticks provide a quick way of reading price action: the open, close, high, and low for a given time period. Day traders looking for short-term gains usually watch prices on a one, three, or 5 minute candles. Longer time periods are not useful for these types of trades, commonly called scalping trades.
But there are other types of traders, swing traders, who favor looking at the big picture. Swing traders have a different mindset and look for larger gains, but also assume greater risks and set larger stops.
But even scalpers need to look at the big picture, because daily candles can often reveal changes in a current market that can be very useful for preparing for the following day's trading. All traders, even traders who scalp, should looking at the big picture each day after the close of the market to see if the current trend is intact or if change may be in store. Disclaimer: Futures trading involves substantial risk and is not appropriate for everyone.

Видео Finding Trend Reversals With Daily Candlesticks канала Timeless Dollar Trading Academy