Candle Wick Strategy With Great Results

Subscribe to the channel and press the notification bell to be notified with uploads!

Disclaimer:
Trading is extremely risky so never risk what you cannot afford to lose. Our guarantee is based on practicing our concepts on a demo account, not with real money. The information provided by Psych FX never constitutes financial advice and is for educational purposes only. Do your due diligence.

[cottondai]

Break of close and hold. Holding candle phenomenon of market. Well explained. For trader out there "Wait the level to hold"

[hawkeyehowardinvesting]

Great video!! Keeping things simple!!
This works great on weekly stock candles, trading simple Calls & Puts.

[Handonclip]

Ill test this with these rules: candle closes above previous candle. Next candle holds. Enter with SL below the candle that held. 1:1 RRR

[pushdwithinx]

I believe what Sam showcased in this, is minor structure fractal tip in order price to continue the HTF trend. Hope that helps

[Tripl]

This is just great example of fractality (I hope I used that word properly) in the Market; excellent scalping strategy.

[bobanefecco]

No, you count as win or loss the 4th candle, as if you entered on 4th, but you don't have certainty of "support" in buying until 4th candle has CLOSED. So it's NOT clear very much.

[BeastaBoi]

Currently trading in this manner on the M15. It’s going pretty well.

I appreciate you helping refine my thinking and strategy.

[qroome]

i dont know why everybody hating, he showed you the pattern already. now its time for yall to make the SL and TP aswell as Entry... btw backtested this it comes out wonderfully

[matthedesh]

Thanks so much, could you plz explain this more simple in another video plz?

[georgehutton]

I finally understand this stratagy after soo long. I had watched the first video (the vee stratagy) its similar to this but it was more complex

[bobanefecco]

Another clarification. It's a 5 Candles Cycle, Right ? 1. Observation 2. Break of Structure. 3. Confirm of Holding. 4. Confirm of Some Retrace. 5. Entry Candle.
But isn't it too much waiting 4 candles before an entry ? Entering the 5th candle can be just the peak of the impulse and then the reversal....

[abdulsalamsaheed]

Thanks for the knowledge Sir.
But you didn't discuss about stop-loss.

[Matdiazyu]

Hi sam, thx for all your videos. I specially love your psychology ones.
One question, is it possible that a strategy only works in NY session and the rest of the day be unprofitable?

[ahmedsmc_]

I m first now lee me learn this strategy boss ❤❤❤❤

[nielhalam]

Bro! I discovered something similar, I'm gald I found you having similar perspective. It's a damn profitable strategy since trading is mostly psychology and being able to execute is what we should focus on rather than over analysing which cause analysis paralysis. Thank you

[secretzoulz]

Hey Sam..Great concept...I have two question though...! Where to place Sl? you mentioned about TP..but Sl can you explain if possible....And also..do we need to wait for retest candle to finish...I was thinking of putting a STOP ORDER on the Hold candle. What do you suggest?

[idl]

Hello and thank you for the video, where to put stop loss, below the wick of candle that hold price or below the candle that made BOS

[SCALPING_LEGEND]

Request
I am binary options trading sir can you create video NEXT CANDLE possible
Please sir

[alabiabdulrahman]

Great effort Sam. Thank you. I've got a question. If the candle wicks above the previous candle but didn't close above it can we consider that a bos or it had to close above it compulsorily

[mrcryptos]

I'm second who like your strategy