The candlestick trading bible

THE CANDLESTICK TRADING BIBLE 
If you miss the breakout, wait for the pullback. when it occurs, don’t 
hesitate to enter the market. 
When you are trading ranging markets, always make sure that the 
market is worth trading, if you feel like you can’t identify the 
boundaries (support and resistance). this is a clear indication of a 
choppy market. 
In Forex, choppy markets are those which have no clear directions, 
when you open your chart, and you find a lot of noise, you can’t even 
decide if the market is ranging, or trending.
You have to know that you are watching a choppy market. This type of 
markets can make you feel very emotional and doubt your trading 
strategies as it starts to drop in performance. 
The best way to determine if a market is choppy is just by zooming out 
on the daily chart and taking in the bigger picture.
After some training, screen time and experience, you will easily be able 
to identify if a market is ranging or it is a choppy market. 
Here is a good example of a choppy chart that is not worth trading. 

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THE CANDLESTICK TRADING BIBLE 
Notice in the chart above, the price action in the highlighted area is 
very choppy, and it is moving sideways in a very small tight range. This 
is a sign of a choppy market that you should stay away from. 
If a market is choppy, in my opinion, it is not worth trading, if you try 
to trade it, you will give back your profits shortly after big winners, 
because markets often consolidate after making big moves. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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