Works in All Market Conditions
| Strategy Type | Pure Technical / Candlestick Analysis |
| Market Outlook | Works in All Market Conditions |
| Risk Profile | Defined by Swing Points and Pattern Structure |
| Reward Profile | Target Key Levels, Measured Moves, or Trend Continuation |
| Time Horizon | Intraday to Swing (Minutes to Days) |
| Indicator Type | None - Pure Price and Volume Analysis |
| Signal Type | Candlestick Patterns, Market Structure, Support/Resistance |
| Primary Instruments | SGX Nikkei 225, SGX MSCI Singapore, SGX Nifty 50, SGX FTSE China A50, SGX Iron Ore |
| Trading Hours | T Session: 7:30 AM - 2:30 PM SGT; T+1 Session: 3:15 PM - 2:30 AM SGT • 8:30 AM - 5:15 PM SGT • 9:00 AM - 6:15 PM SGT • 9:00 AM - 4:30 PM SGT; T+1: 5:00 PM - 4:45 AM SGT |
| Recommended Timeframes | 5-minute, 15-minute, 1-hour, Daily |
| Currency | Contract-specific (JPY, SGD, USD, CNH) |
| Default Settings | Clean charts; No indicators; Focus on candles and structure |
| Liquidity Note | Best on liquid contracts with clean price action |
| Typical Holding Period | Minutes to days depending on timeframe |
No. Pure price action uses no indicators - just candlesticks, support/resistance levels, and market structure. Keep your chart clean. Some traders add volume as the only supplementary data.
Depends on your style. Day trading: 15-minute to 1-hour. Swing trading: 4-hour to Daily. Higher timeframes have cleaner patterns with less noise. Start with 1-hour to learn.
Context is everything. A hammer at major support after downtrend is powerful. A hammer in mid-range means little. Always ask: Where is this pattern forming? Is it at a key level? What's the trend?
Look for areas where price reversed multiple times. Swing highs and lows, round numbers, and prior day high/low are common levels. Focus on levels that had strong reactions, not every minor touch.
No. Only trade patterns at key levels in direction of trend. Most patterns in random locations will fail. Wait for high-quality setups with proper context. Quality over quantity.
Higher TF sets bias (Daily uptrend = long bias). Trading TF finds setups (1H pattern at support). Lower TF refines entry (15M for precise entry). Only trade when all align.
Market structure is the pattern of swing highs and lows. Uptrend = higher highs/higher lows. Downtrend = lower highs/lower lows. Trade with structure for higher probability.
You don't know for certain. Look for: strength of level (more touches), PA reaction (strong reversal candles), volume confirmation, and trend alignment. Even then, levels break.
Same concept, different names. Pin bar (from pinnochio bar) has very long wick. Hammer specifically has long lower wick (bullish). Shooting star is bearish pin bar with long upper wick.
False breakouts are common. Options: 1) Wait for retest after break before entering. 2) Use break and retest strategy. 3) Trade the failed breakout as reversal (requires experience).
Order blocks are the last opposing candle before a strong move - representing institutional orders. Mark these areas. Price often returns to test them. Enter on retest with PA confirmation.
Institutions need liquidity to fill large orders. They push price to obvious levels (above/below clusters of stops) to find liquidity, fill orders, then price reverses. Don't place stops at obvious levels.
Change of Character (CHoCH) is first sign of potential change - like first lower low in uptrend. Break of Structure (BOS) is stronger confirmation - breaking a key structural point. CHoCH alerts; BOS confirms.
Accumulation (after downtrend): Failed breakdowns, absorption at lows, higher lows in range, low volume breakdowns. Distribution (after uptrend): Failed breakouts, rejection at highs, lower highs in range.
Define strict rules for each pattern (wick ratios, body sizes, location relative to levels). Quantify everything. Include context rules (must be at level within X%). Backtest extensively. Accept some subjectivity remains.
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