Daily Trades ​System Methods
Module 4

​Are you ready to step it up a gear?

So you know how to use indicators on their own.

You now know or better understand not all indicators are treated equal and aren't always that good on their own when used.

We know understand how to create strong signals by combining our indicators.

Now we're going to trade naked, as its better known. No indicators at all.

Just Candlestick Patterns ONLY!

Treat this section like a Game, in the sense how many patterns you can find, taking note of their sizes are from high to their lows, and how large the bodies are, and how often when a formation is found, based on its formation / presentation how far did it move.

Keep these notes down on paper and refer to them later.

How I mastered this section in under 6 months to the point I was fluent in calling out good trades off of candle formations, is:

1. Remember the patterns
2. Remember the different sizes of the same patterns
3. How much did that pair move based on its size and its pattern form

Then I just went for it.

​Remember those days back at nursery / kinder garden school where we had a block of wood in it cut out from all different types of shapes; triangles, rectangles, sphere / circle ball shapes, etc.

If you had no problem doing those, then this is going to be simple.

Here's a basic rule to understand that will increase the amount of winning trades.

1. Don't buy into a resistance level.
2. Don't sell into a support level.
3. Trade off 1hr, and mostly off 4hr and Daily time frames.
4. Set Take Profit Levels or Close trade out when trade hits 25 pips profit.
OR
5. Move Stop Loss to breakeven, and take off / close out half a lot if you are able. Otherwise move Stop Loss to book in at least 5 pips so your efforts are not wasted.

​Here's another one we can take with a pinch of salt.

It's more of a candle that can either tell you the trend is going to continue, or reverse.

We have to pay special attention here to previous price action to determine when a Marubozu and Close Cut formations are found if its going to continue to reverse.

​A word to the wise.

One of the best ways to turn a not so good signal when a Candle formation is found, is to determine if the signal is at the bottom or the top of a trend.

These type of scenarios will yield larger returns / bigger moves with low risk to high reward type of outputs if acted at the correct times.

Also, hold any formations that appear during a Sunday evening with a pinch of salt, you'll get a lot of Abandoned babies during this time. Wait for the Monday candle to start.

​Ok, let's jump into this one, its a pretty reliable formation.

Now make sure that the patterns match the criteria, no Hmm's, no If's or But's, etc. It has to match 100%.

And look out for these at bottom's of trends for best results.

​Pretty strong formation.

If you find these on larger time frames like 4 hour and daily, minimum Take Profit level should be around 100 pips over a course of half a day to two days.

And look out for these at bottom's of trends for best results.

​Not so reliable, however when its at the bottom of a trend and there's no real threats of obsticals in the way, it'll turn out to be a good trade to take on.

And look out for these at bottom's of trends for best results.

​Not so reliable, however when its at the bottom of a trend and there's no real threats of obsticals in the way, it'll turn out to be a good trade to take on.

And look out for these at bottom's of trends for best results.

​Reliability is somewhat OK. It's better taken on when the formation appears where the break should be for opening the trade at, that no immediate obsticals are in the way, so it has a clear move up with no hesitation.

And look out for these at bottom's of trends for best results.

​Not a very reliable formation, these should be taken with a pinch of salt and perhaps used as a guidance on when to act on the next confirmation of other signals.

And look out for these at bottoms of trends for best results.

​Pretty reliable formation.

Look out for these patterns when you're in an uptrend, this is a continuation pattern and if identified correctly, you'll secure even more pips rather than acting prematurely and closing it out.

But it's OK if you traded a trade out early, name of the game is to win!

​Pretty reliable formation.

This one here has a higher success rate than the previous video, for a simple reason; there's more market sentiment behind this formation than the previous due to the 3 bear candles formations inside the two larger bull bars.

​​Pretty reliable formation.

Out of all the formations available to act off of, this has to be one of my favorites.

Master this formation in your trading and you'll have a big smile on your face when you notice these appear!

​​Pretty reliable formation, but rare to see.                                                                                                                                                                                            

​Pretty reliable formation, and a highly profitable one.

Keep a look out for these at the bottoms of trends! It's a major pay day!                                                                          

​Pretty neat formation for detecting when the trend is about to stall.                                                                                 

​Pretty neat relibable formation, but always wait for that confirmation!                                                                       

​Remember the Bullish Abandoned Baby? Here's its sister Candle formation.                                                               

​A pretty reliable formation that only consists of two candles, and its resembles the formation of the Bearish Harami, so don't get the two mixed up.

​A not a very strong formation, its the sister formation of the Bullish Three Inside Up.                                              

​Pretty reliable formation, just remember to wait for a confirmation candle.                                                                  

​​Pretty reliable formation, just remember to wait for a confirmation candle.                                                              

​Pretty reliable formation, just remember to wait for a confirmation candle of this sister formation of the Bullish Three White Soliders. 

​Rare to see and not very reliable, but nice to get an idea of what could possibly happen next after the formation appears.

​Not found all that often, but when they are, they can turn into big winners.                                                                

​The sister formation of the Bullish Mat Hold.                                                                                                                               

​Here's another reliable formation.                                                                                                                                                           

​Here's another reliable formation, when they're found.                                                                                                          

​Another reliable formation that appears at the bottom of trends.                                                                                   

​Just as good as its sister formation, but ideally best used to get an idea when the market is going to stall.

​Don't forget to wait for a confirmation.                                                                                                                                               

​These when found at the right areas of the market, are big pay days. Just remember, these ONLY appear at the BOTTOM of trends.

​I tend to not really act on these as apposed to the Inverted Hammers and Hammers, I've found that the Hammer type formations are much more reliable.

So if you're going to act of the Shooting Star always wait for a confirmation.