Candlesticks
How do you use candlesticks in daytrading?
We have gathered articles about candlesticks on this site.
Use Inside Bars to capture momentum and trends
The Engulfing Candlestick
DAX, Price Action
By Claus Andersen 28.Oktober 2019 Bulls are in control. Over the last two weeks price pushed up from 12.400 too barely 13.000. This is after price broke major resistance. This makes price AIL(always in long) [Read more...]DAX, Price Action
By Claus Andersen 21. oktober 2019 15 min chart: Price is flirting with major resistance. It is usual for price to stall and trade sideways at these major resistance areas. I like to sell the [Read more...]DAX, Price Action
By Claus Andersen 15.Oktober 2019 Price action is working out as usual. Price bounced from major support and stopped at major resistance, while getting some bounces at minor support and resistance. I adjusted the minor [Read more...]DAX, Price Action
By Claus Andersen 7. Oktober 2019 When trading range go on to long. The probability for a breakout in the trend direction goes down to around 50:50. As I mentioned in the spring, I think [Read more...]DAX, Price Action
By Claus Andersen 30. September 2019 5 min chart: I got run over today on the open strategy. A nice bear sell bar on the open. The signal failed, as it will from time to [Read more...]DAX, Price Action
By Claus Andersen 23. September 2019 60 min chart: // DAX 1-1 The trading range context on the 60 min chart I mentioned about last week came true. We are now trading sideways and price [Read more...]Dax, Price action
By Claus Andersen 17. September 2019 15 min chart: This week the uptrend paused. Price broke the bull trendline and made a lower low. Price is still AIL on the weekly, daily and 4 hour [Read more...]DAX, Price Action
By Claus Andersen 11. September 2019 60 min chart: On the 60 min chart price is nearing the target for the head and shoulders pattern. Price is still AIL and I look to buy on [Read more...]DAX, Price Action
By Claus Andersen 3. September 2019 Price action pattern in the DAX 60 min chart has triggered. It is a head and shoulders reversal pattern. Often after a break of the neckline the pullback goes [Read more...]DAX, Price Action
By Claus Andersen 20. August 2019 15 min chart: The trendline on the wide bear channel is broken. Price failed to reach the channelline. That often leads to a break of the trendline, as it [Read more...]DAX, Price Action
By Claus Andersen 13. August 2019 15 min chart: Today price took a nice bounce to the upside. The bounce came from a DB at the low of the TR. The pattern was a bear [Read more...]DAX, Price Action
By Claus Andersen 15 min chart: 7. August 2019 On the 15 min chart DAX is always in short. Bulls did just manage to get a nice pull back. I think it was strong enough [Read more...]Dax, Price action
In this weeks video Claus take us through some of the most profitable setups in the DAX this week. He also goes over the open strategy and how it failed one day.DAX, Price Action
By Claus Andersen 26. Juli 2019 240 min chart: So there has been a development in the DAX. After hitting the bull channel line price pulled back to the midline of the bull channel. Now [Read more...]DAX, Price Action
By Claus Andersen 16. Juli 2019 15 min chart: Price is in a congestion area now- below 12.480 and above 12.300. The price action is a trading range. A potential head and shoulders pattern is [Read more...]DAX, Price Action
By Claus Andersen 10. Juli 2019 60 min chart: On the 60 min chart it’s clear that price moved up in a bull channel. Last week price missed the bull channel-line. That was a sign [Read more...]Dax, Support and resistance
By request Claus made a video where he explains how he places the support and resistance you see in his charts. It is a short video with tips that you can use for your own [Read more...]Dax, Price action
What classic pattern could have gotten you short in the beginning of the week? How did the open strategy do this week? What does Claus expect in the coming week? This and more in this [Read more...]DAX, Price Action
By Claus Andersen 20. May 2019 15 min chart: Last week I mentioned that a test of 12.000 was likely. A round number like that is often tested after a break. That is what we [Read more...]Dax, Price action
Making money trading the first bar in the DAX. Recent and expected context in the DAX. This and more in a technical analysis of the DAX. By our technical analyst Claus Andersen.Dax, Price action
Another successful week for the open strategy! Claus goes through the days and open setups. Also talks about the expectations on future market movement. You all have a nice trading week.DAX, Price Action
By Claus Andersen 15. March 2019 A lot going on in this 15 min chart. During exhaustion in the final day of last week price broke above the prior high, and the high of the [Read more...]DAX, Price Action
By Claus Andersen 4. March 2019 Price is still moving in the larger bull channel. It did fail to reach the bull channel line. That often leads to a break of the trendline. Price was [Read more...]DAX, Price Action
By Claus Andersen 24. February 2019 15 min chart: Friday last week price made a bull spike. This week price then moved into a bull channel in the upper half of the major bull channel. [Read more...]DAX, Price Action
By Claus Andersen 21. January 2019 15 min chart: After almost 10 days in a trading range the bulls got a successful breakout. The question is, where do we go from here? Price has started [Read more...]DAX, Price Action
We’re off to an exiting beginning in 2019. Support and resistance gave some nice trading opportunities this week. In this price action video Claus runs over the trades. Look forward to more videos like this [Read more...]DAX, Price Action
By Claus Andersen January 2019 15 min chart: New support and resistance lines drawn in. Notice the lower low on today’s pre market selloff. And the failure to make the measured move on [Read more...]DAX, Price Action
By Claus Andersen Dec. 2018 15 min chart: DAX is still in the bear trend. The context is still trending trading range. Since christmas price bounced strongly to the upside. It is unexpected [Read more...]A look at the DAX with price action
A look at the DAX in the last week before Christmas https://www.youtube.com/watch?v=vc1dn0ZBwfQ&feature=youtu.beDAX, Price Action
By Claus Andersen Dec. 2018 15 min chart: So the major trend on these lower time frames is down. Lower highs and lows. Still no significant break of the trendline. I drew in [Read more...]progress report on Claus Andersens
In this video you will see the results of Claus Andersen's trades for this year. https://www.youtube.com/watch?v=40dhrC_TkFc&feature=youtu.beDAX, Price Action
By Claus Andersen November 2018 15 min chart: This week we saw a familiar reversal pattern in the DAX. A head and shoulders pattern that indicates that control in the market is shifting [Read more...]Learn how to profit from correlations – webinar
Most traders don’t now how to use correlation in their trading. It’s an important Tool both to minimizing risk and to maximizing profit. Thursday the 19th of april we will be holding a webinar about [Read more...]Exciting development in Bitcoin!
It’s been a couple of days since my last Bitcoin update. But something very interesting is happening here. In the video here you can hear my view on the possible future scenarios for Bitcoin. https://www.youtube.com/watch?v=2htLRcPZR94 [Read more...]Bitcoin at a critical level
After a very nice rise of almost 100% in Bitcoin the last weeks we are now seeing some possible resistance that the price has to break if the bull run should keep running. Take a [Read more...]Is this a new bull trend in Bitcoin?
Here is a new update on Bitcoin which is starting to show some interesting bull moves. As I wrote in my last analysis I would like to see a true break up through the regression [Read more...]Yet another chapter in the Bitcoin story
As I wrote the other day I saw some possible bull move in the Bitcoin market. Now we have broken up through the yellow area (in the 4Hr chart to the right), then the price [Read more...]Bitcoin update – and further explanation on my indicators
Hi traders, The other day I posted a video on my Bitcoin/crypto view. And I also talked about how I use regression channels and the Bollinger %B indicator. I’ve gotten a lot of questions to [Read more...]I just don’t get it: USI-Tech explained
Over the past six months, a number of people have asked me about my opinion on crypto brokers with names like Bitconnect and USI-tech. This article try to sum up the answers to the questions [Read more...]Is there a bottom in Bitcoin?
Hi traders, I’ve gotten a lot of mails about my view on Bitcoins and cryptos during this large Down turn in Price. So I decided to make a video about it instead of writing a [Read more...]Is Bitcoin dead?
I have been asked the question in the headline several times over the last weeks. It Bitcoin dead? First of all I will say that you are asking the wrong guy. Since I didn’t even [Read more...]How to make sure you go bankrupt with your trading
I’m sure we have all had the problem with having too much money in our account. So we have decided to make a little list of tools on how to get rid of this too-much-money-problem [Read more...]Trading inspiration for the week
EURJPY We are starting up hard with EURJPY since the week has been very volatile. Right now the trade is short with 2/3 of the position from 134,650. The last 1/3 can be added later [Read more...]Crypto video library
Here at Daytraderland we are getting a lot of questions about crypto currencies. But it is mostly questions about when to buy and not so much questions about the technology, the dangers, wallets etc. One [Read more...]Bitcoins – a matter of risk
These days all I hear about is Bitcoins and crypto currencies, and I can see why. Not since the happy days of the dot-com bubble have we seen an Investment vehichle increase its value so [Read more...]Do your Forex homework
As many of you know I write a 50 page market analysis every weekend to prepare for the week. I have had a lot of questions about how I use this analysis in my daily [Read more...]New Analysis of DXY – Dollar index
DXY the index scaled 95.000 to hit its highest level since Q3, partly on a healthy US Q3 GDP beat, but also on strong earnings and benefiting indirectly from Eur weakness in particular. The Eur [Read more...]An interesting opportunity in GBPJPY
I’ve been looking at GBPJPY for a while now waiting for a good setup. As shown here in the weekly chart the sellers have been trying to push the price under the support line (marked [Read more...]Would you spend 1.000.000 USD per year to become a better trader?
Many traders know the name Paul Tudor Jones since he is one of the most successful traders in the world. In this business where only a few traders stay on the top for 5-10 years, Tudor [Read more...]What is blockchain technology?
A blockchain is basically a dispersed database of records or open record of all exchanges or computerized events that have been executed and shared among taking an interest parties. Every transaction is confirmed by agreement [Read more...]Bitcoin crosses the $ 1,000 mark
In this video, our Bitcoin expert, Jacob H. Skaaning, comments on the Bitcoin market and future opportunities after the $ 1,000 mark has just been broken. Listen to the exciting considerations and expectations of market [Read more...]Daytrading after the Darwin method
“Survival of the fittest” Most people know the above quote. It is the world-famous quote from Charles Darwin (1809-1882) who researched the origins and development of the species and in 1859 published his book “Origin [Read more...]134,7% returns on daytrading in 2015
2015 has been a year of change in my daytrading. When I reviewed my year read through my trading journal, I see that I have changed and modified my strategy several times throughout the year. [Read more...]What does Price Action mean?
You often hear daytraders say something like “I’d like to see some bullish price action before I go long” – but what does that mean? We will try to cover exactly that in this article. [Read more...]Review of “The Power of Habit” by Charles Duhigg
The books with the greatest impact on my daytrading are most often books that are not directly related to trading. That is certainly what I have experienced. This book – The Power of Habbit – [Read more...]An additional view on the Top-Down analysis
This article is written by our guest-writer Mads Brandt. In this article you will find a video with a description of my own variant of Hans-Henrik’s Top-Down analysis. There will probably be a lot of [Read more...]Review of London Capital Group (4.5)
In this article, we review the UK broker, London Capital Group (LCG), which we have been invited to review. LCG is a well-known English broker, which has been around for 14 years. They offer trading [Read more...]Daytrading with fractals
When we teach daytrading around the country, fractals are always a constituent part of the curriculum. Fractals help make it easier and more objective where to draw the trend lines, support and resistance levels, etc. [Read more...]Why backtesting is important
I was just updating my statistics on one of my mechanical strategies, which is something I do every quarter. This is a strategy that exploits the gap between the closing price on Friday and the [Read more...]Mean Reversion – make money going against the trend
In the last article we reviewed the trading style Trend following. In this article we will look at the opposite, namely Mean Reversion trading. In this article we discuss the following: What is Mean Reversion? [Read more...]Simple Trend-Following Strategy
I am often asked what methods and indicators I use in my daytrading. I will share one of these simple strategies with you here. It is a simple trend-following strategy, which I have good experience [Read more...]LLHC/HHLC – An Important Candlestick
I always use multiple timeframes in my trading and analysis of the market. I use the weekly and daily chart to give me an indication of the overall direction of (if there is one) and [Read more...]A new scanner tool for Daytrading
As a daytrader, there is a great deal of things you have to keep in check, and it’s easy to lose the overview if you try to keep track of several markets at once. This [Read more...]The art of controlling risk (part 1)
When reading through many trading groups on Facebook we often see questions asked about risk and position sizing. What should my lot size be? Why am I down with 50% today? etc. These questions circle [Read more...]