In trading and evaluation, the Japanese candlestick is one of the most commonly used. Japanese candle lights are organized and feature a great deal of market information. Where, the wick or darkness of the candlestick is dissected a great deal when investors analyze the activity and instructions of price movement.

In today's article, I will show you how to trade Fixed Time in Olymp Trade with this candlestick darkness. This is a simple and easy trading strategy with a high win rate. Let's see what we can do with the darkness of Japanese candle lights in Olymp Trade.

Candlestick darkness and its meaning in technological evaluation

On the Japanese candlestick price graph, candle lights are split right into 2 kinds: with darkness and without darkness. Where, the candlestick with darkness at 2 finishes is considered a kind of candle light where the price has a complex and challenging instructions to grasp. Also, a candle light with a lengthy darkness stands for a solid price being rejected in the instructions that the darkness strikes. Catching these information will help you to have the ability to analyze the price activity more accurately and objectively.

Usually, a candle light with a darkness makes good sense (offers great trading indicates) when it falls under the following 2 situations:

When the price strikes resistance/support areas if the price goes laterally.

When the price damages a degree, produces a pattern, and retests this degree. In Forex, this is considered the act of filling the price space of the marketplace.

In both of the over situations, there's a solid price being rejected in areas controlled by the sides of the marketplace. And this is the basis for you to use when trading Fixed Time in Olymp Trade.

Trade Fixed Time simply and effectively with the candlestick darkness in Olymp Trade

The first is the basic configuration. A 5-minute Japanese candlestick graph. Open up orders uniformly with the quantity of 1% funding. In the keeps in mind, I will discuss why it should be 1%. The expiry time should be equal to the candle light period of the present candle light which the price is developing.

Do you understand how to trade? That's, we'll delay when the price touches significant price areas (in both situations) and open up an purchase. With the over time-mark setting, when the candlestick darkness retraces, the price will go right with the opened up purchase.

I will classify the trading technique over right into 2 strategies.

Strategy 1: Trade when the price is laterally

When the price is going laterally, attract 1 resistance and 1 support inning accordance with the darkness of the previous candle lights. These are areas where there's an extremely solid price reversal (because of that, darkness will show up). After that, concentrate on the present candlestick which the price is producing.

+ If the price increases dramatically and strikes the resistance degree, open up a DOWN purchase.

+ On the other hand, when the price drops and strikes the support degree, open up an UP purchase.

Keep in mind that you have set the basic setups I mentioned over before opening up orders.

After opening up the purchase, the price will respond to these resistance/support areas. And oftentimes, the price will be pressed back to produce the darkness of this candle light.

Strategy 2: Trade when the price damages from degrees and produces trends

This trading strategy is used a great deal by Forex investors. For them, in this circumstance, when the price returns to suit the candlestick darkness, it's a sensation of brushing up through stop-loss after a cost outbreak. Therefore, investors will wait on the price to go back to fill the candle light before opening up an purchase. When you trade Fixed Time, the trading strategy coincides.

After the price damages from a degree, there are indications of a brand-new pattern. Concentrate on the candle light after the outbreak.

+ Open up an UP purchase when the price returns to touch the previous upward candlestick darkness that's closest to the outbreak point.

+ Open up a DOWN purchase when the price rebounds to touch the previous down candlestick darkness that's closest to the outbreak point.

Of course, make certain you have set the basic setups that I mentioned over.

You think this trading strategy is too risky, do not you?

Do you think so? Initially, I also thought that this trading strategy was too harmful and hardly offered a great win rate. However, when I evaluated it on the Demonstration account, the outcomes revealed very favorably. I will explain a couple of factors that make this trading strategy safer and more effective compared to you think.

+ On the Japanese candlestick graph, there are more candle lights with darkness compared to those without darkness.

+ In a trading session, there are many opportunities for you to open up orders with this trading strategy. Simply spend with the initial funding management plan, it will be very challenging for you to stress out the account.

+ For the strategy using the outbreak and pattern development, the win rate is very high because this is a common price retest habits.

Additionally, this trading strategy has some benefits compared with various other strategies such as understandable and implement. You do not need to invest too a lot time opening up orders. And if there are candle lights with great darkness within a day, you'll quickly get to your intraday trading target.

Outcomes of opened up orders

Currently, let's have a look at the outcomes of the orders I opened up as mentioned over.

first purchase: The price hit the support and after that shown up.

second deal: This was an outright winning purchase when the price touched the candlestick darkness and instantly transformed about.

third one: The outcomes were very acceptable.

Recap

I will have a short article about testing this trading strategy in Olymp Trade on a Real account. Let's follow it up. In the meantime, transform on the Olymp Trade Demonstration account and experience this strategy straight. Leave any questions if you need answers.