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Predicting Candle Direction In Forex

Predicting Candle Direction In Forex

I think it’ll be of nice use in predicting / deciding the direction of candle in forex.
I backtested my formula for this on EUR/JPY and EUR/USD and it gave astonishing results.
Speed of trade = (Price amendment / Volume) per unit time. = (Open-Close)/tick volume within the default amount. If rummy of current candle is larger than doubly the typical rummy of the chosen amount, next candle are going to be within the same direction of the present candle. (Our signals is given at the shut of the present candle).


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Caution: If current candle is followed by same color 2-3 candles, no signal is to incline.
As Associate in Nursing example:
Date E/J(Open) E/J(High) E/J(Low) E/J(Close) Volume(E/J) Direction worth amendment Speed
11/06/2012 03:56:00 102.456 102.456 102.429 102.429 ninety six DOWN -0.027 2.81
11/06/2012 03:57:00 102.429 102.429 102.398 102.413 158 DOWN -0.016 1.01
as speed is larger than one.70 (average of fourteen candles), it predicts that next candle are going to be down.

Pedicting candle direction in forex

This indicator is created to seem} sort of a meter or simply the quantity will appear with the signal on the candle. i feel this may facilitate an excellent deal in creating right choices. the idea behind this is often that each rise or fall desires a force or inertia larger than the present force, thus as presently we tend to see or capture such further force, we will verify successive candle direction and values conjointly.

How To Predict Next Candle In Chart Review

How To Predict Next Candle In Chart Review

Looking at candlestick chart is simply regarding the Currency commercialism technician techniques. Technically, we are able to anticipate another holder look by information that offered through the past holder. we are able to discover pessimistic concerning optimistic over the subsequent holder, we are able to anticipate feeling with the long run holder. mistreatment this sort of we are able to turn out call exchanging similar to open purchase or perhaps open provide exchanging.


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My predicted candle are over shot a trifle by the particular candle, i am not unhappy that this happened, the strategy i take advantage of provides ME three choices for successive candle, and every completely different in vary, my philosophy, is that it’s safer to stay with the littlest candle. this point around, i went with the second, however i suppose human greed was a lot of progressive than i assumed. my strategy is focused around greed, it is a thanks to confirm human greed presently, so calculate it for successive stage before it happens, and since humans tend to behave in patterns, i will project this behavior a lot of simply.

How to predict next candle in chart

The stunning half is, i invariably escort the smaller candle, however it invariably protrusive ever since i have been mistreatment this strategy. however my aim was to require the likelihood out of commercialism, thus to try and do thus capably, i am going to have to be compelled to continue and persist with rock bottom till i figure a way to calculate the increasing rate the i keep seeing. protrusive with my current model isn’t dangerous, that’s a hundred and five pips during this prediction, thus it’s profitable. i this strategy on the smaller time frames as a result of i will get rather more out of on a daily basis, however i see wherever the day may be fascinating, rather than invariably being at your computer.