The candlestick trading bible

The entry and exit strategy 
Don’t try to be smarter than the rest of traders, keep it simple, you 
know what you are looking for, when you identify an engulfing bar 
pattern, and you think all conditions are in place to execute your trade. 
Take an order immediately after the price action signal forms, put your 
stop loss below the candlestick pattern, and look at simply the chart to 
find the next support or resistance level, this is going to be your profit 
target. 
See the illustration below: 

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THE CANDLESTICK TRADING BIBLE 
When you set your protective stop and your target, don’t never look 
back, let the market tell you if you are wrong or right. This will help 
you trade successfully out of your emotions. 
If the market goes against you, you will not feel good, it’s normal, 
losing money can be emotionally painful, it is our human nature, 
nobody wants to lose, especially when it is about money, in the trading 
environment, you have to think differently, and accept the fact that 
losing is a part of the game. 
Studies have shown that successful traders don’t risk more than 2% of 
their equity on each single trade. 
If you are beginner, don’t risk more than 1%. Don’t risk money you 
can’t afford on a single trade even if the engulfing bar pattern you 
identify indicates a high probability signal. 

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THE CANDLESTICK TRADING BIBLE 
No matter how smart you are, you have to think always in term of 
probabilities, bear in mind that you can experience series of losing 
trades, and if you risk too much money, you will not survive longer.