Candlestick Express Class Quick Reference Checklist

Candlesticks:• Use real bodies to gauge market strength• A doji turns the trend from up or down to neutral• A close over a doji or a candle resistance can be used for a momentum trade• Hammers and shooting stars should have shadows 2x the read body• Candles are trend dependent• Candles for FX and intraday have subtle differences compared to non FX or daily charts

(NCS software does take this into account)

Candlesticks + Western tools• Candles + your favorite western tools = higher success• Use old multi-tested support for new resistance and vice versa• Failures to hold below support/ our resistance signals a reversal• If there is a candle signal showing trend is losing force by support/resistance there is a

higher likelihood of a reversal• Since candles do not give price targets, we need to use classic western price projections

Candlesticks for Managing your Trade or Investment• Use candles to not only enter, but to exit• Be a market chameleon by adjusting position to new technical developments• Never view candle signals in isolation, view within market context• If.. Then Rule. Wait for confirmation of your outlook• Protect capital by using protective stops (remember you can also use candles to set your

stops)• Be more aggressive when you are going in the direction of the longer term trend• Before doing a trade always remember to look it’s risk/reward