FATHER OF TECHNICAL ANALYSIS
SMART CANDLESTICK TRADER
Learning how to trade is like learning how to drive a vechicle
You will make a lot of Mistakes before being a successful Trader
MWAPE GEORGE
EMAIL [email protected]
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FATHER OF TECHNICAL ANALYSIS
RISK DISCLAIMER
Trading in Foreign Exchange Markets and Indices expose you to substantial
potential gains as well as significant financial risks. You can incur loss of all your
investment or capital. You should always be-aware of the capable risks and be
ready to take full responsibility when they happen. Don't trade with money you
can't afford to sustain a loss of, don’t trade with borrowed money.
The past performance of any trading system or method is not necessarily
indicative of future results.
“Trading In Stocks is more than a business; it is an art, a science, a profession-
whichever you choose. It demands study and concentration if one is to make a
Success at it.” Richard W.Demille
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FATHER OF TECHNICAL ANALYSIS
DEDICATION
This pdf is dedicated to my mother, Mwape Catherine for her loyal love, support
and her unceasing faith in my abilities despite all my failures and set-backs and
Frustrations. Because she always believe that one day, I will make it.
I Love You Mummy, And Will Always, Always Love You Mwape Catherine
(MUMMY)
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FATHER OF TECHNICAL ANALYSIS
HOW TO BUY AND SELL USING CANDLESTICKS
Be Rational Folks
What’s the purpose for using a candlestick?
- To check if buyers and sellers are in the market.
- To check buyers and sellers dominance.
Who buys and sells in the Markets?
- Institutional buyers buys and Institutional sellers sells.
When do we buy and sell?
- When institutional buyers buy, we buy and we sell when institutional sellers
sells. As Retail Traders we have to always buy when Institutional buyers
buys and sell when institutional sellers sells.
Which tool do we use to see if institutions start buying or selling?
- Candlesticks
Why are they called candlesticks?
- Because they look like candles.
- Your focus as a Candlestick Trader Has to be on the Candles and Support
and Resistance.
- Support and Resistance shows Price current and past position.
Things of great importance
- Candlesticks
- Support and Resistance
- Market Structure
What does candlesticks represent?
- Battle between buyers and sellers
- If buyers win we have to see price going up and if sellers win we have to see
price going down and if none win we have to see consolidation.
How can you check if sellers or buyers are entering into the market?
- By looking at the candlesticks.
- If price has to fall we have to see sellers entering into the market and if
price has to rise we have to see buyers entering into the market.
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FATHER OF TECHNICAL ANALYSIS
- If price remains below resistance, testing. The possibility is that price can
fall.
- Sellers take price down and buyers take price up.
- Price has the liberty to go anywhere it wants to go. You can’t control it or
stop it. So always respect price and buy when it buys or sell when it sells.
Simple as that.
Each Candle represents only 3 things.
- Sellers win
- Buyers win
- Neutral
When buyers win we want to see bullish market and when sellers win we want to
see bearish market. And when neutral, we want to see consolidation, equilibrium.
Always wait for price to come on support and resistance levels before taking your
trade. Be patient folks.
Then wait for sellers or buyers to enter a trade then only sell or buy. Simple!
A wick on the candle represents failure. A body represents strength. The bigger
the candle the more strength.
Selling is easy and buying is hard because you are used to falling down and fail to
get up again and again and again.
Never predict, always wait for price to tell you what to do. Because get this, Price
is like a man moving from one station to the other, at each station he has to take
action and move. So for example, you are following a man, then he goes at a
station waiting for a Tram, what do you do? You wait as-well. Then on arrival of
the Tram, he jumps in, what do you do now? Definitely you have to jump in as-
well. Then on the next station the Tram stops, what do you do? Get out? Why?
Bullshit, get out only when the man gets out. If the man don’t get out, you as-well
don’t get out. Always wait for a man to take action then follow the man’s actions.
Same for price, when price is at support. You buy? Why? Heheheheh! You don’t
buy, but wait for price to make a decision then only you can buy. When price is
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FATHER OF TECHNICAL ANALYSIS
on resistance, don’t sell, but wait for price to make a decision then sell only.
What do i mean? Sell when sellers sell and buy when buyers buy. Goodlucky!
Am ending this here. No more secrets or knowledge to regurgitate for now.
If you need to learn Professional Pure Action Of Universal Technical Analysis,
kindly see my contacts below and don’t forget to inbox me, and you will pay
reasonable amount for it.
Mwape George
Father Of Technical Analysis
Universal Technical Analysis
Whatsapp +260764479764, Call +260963976343
Telegram @tradinglegacy11
Facebook Group: Trading Legacy Academy
Facebook Name: King George II
Twitter: @tradinglegacy11 OR Mwape George
Instagram: Mwape George
Linkedln: Mwape George
“All the things am revealing to you and the things i have brought into existence
today. Trading Legacy11, exceptional Knowledge and other things, they came
into existence because i was not and am not afraid of criticism and mockery and
lastly i’m not afraid of failing.”
Mwape George
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