Our Cheetah Trading System and Trading Plan help us to identify:
1. The Primary Trend
2. The Secondary Trend
3. Buy and Sell Zones
4. Where to Buy Low and Sell High
5. Evaluate the components of our Set Up signals
6. Money and Risk Management Strategy and Procedures
For many of these steps above we use indicators, support and resistance lines, trend lines, and seasonal patterns and so forth.
But for the very important part of your Trigger Signal I believe that the price itself have to show you where and when exactly to enter.
This is where Candlesticks and Candlestick patterns come in very handy.
You will very often be able to fine tune your Trigger point by using these candlesticks.
There is much written about candlesticks charting and its uses. It can get rather complicated and it is not so easy to learn and interpret all the different candlestick patterns. Like many other cases of technical trading, looking back at the history makes it easy to identify all these patters, the trick and challenge is to identify them while they develop and then use it.
I suggest you start with learning a few of the more important patterns.
Here is 5 of the most consistent candlestick patterns.
I will try to use these candlestick patterns and setups as often as possible