Options Candlestick in PFOREX Assist
Ninety Fifth session – PFOREX Assist Tutorial
Welcome back to Forex professional training.
In this session we will review;
- Available Options Candlestick
- The Options Candlestick examples in PFOREX Assist
Candlestick patterns for Options (Call/Put)
In Options (Call/Put) trades, more than 90% of the orders are selected from Call & Put contract type. The target price is simply set above or below the current price hence the amount of pips that trend move will become ineffective.
Due to various contract period offered by Options brokers, traders must manage their orders if the provided signals from PFOREX can be suited for the available contracts.
This will become more critical when traders want to use the PFOREX signals on other contracts like Higher/Lower, Ladder and 60-Seconds.
Traders must fully understand the strategies at 1st step and then use those favorite strategies on Demo account to gain high skills and finally test on the contracts with small premium amount. The Premium amount is the fixed deposit amount in a single contract.
The required information of all trading strategies as well as their components and elements are available in PFOREX education section.
The available strategies that applied candlestick patterns on the options signals are as follows;
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Special Candle
The special candlestick pattern course is available in Strategy category of Education section for required fundamental information in Video, PDF and Text formats.
The special candlestick pattern shows future fast and great trend movement toward a certain direction. This candlestick is highly suitable for Options (Call/Put) trades due to its specifications.
The specifications of this strategy are as follows;
- Market type: Trend & Range market
- Symbols: Entire symbols
- Time-frames: All timeframes
- Entry Price:
- Buy Order: Bullish Special Candlestick on reversal spot
- Sell Order: Bearish Special Candlestick on reversal spot
- Confirmations: Hidden Divergence, Classic pattern and CCI Oscillator
Now let’s check some examples of this strategy.
On USDCHF price trend in M5 timeframe, special candlestick pattern confirms upward direction in which if the Entry price is crossed then the signal will become active.
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In the next example, after price bounced back from a sharp decline, special candlestick confirms the bearish future trend on the reversal spot.
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Tweezer
A very powerful candlestick that appears rarely on the market trends with high success rate. Due to its specifications and great future trend movement, this candlestick pattern is highly suitable for the Options (Call/Put) trades and contracts like Higher/Lower, Touch and Ladder.
For more information, you can find profound courses about this pattern in education section.
The specifications of this strategy are as follows;
- Market type: Trend & Range market
- Symbols: Entire symbols
- Time-frames: All timeframes
- Entry Price:
- Buy Order: Tweezer Bottom on bearish trend
- Sell Order: Tweezer Top on bullish trend
- Confirmations: Hidden Divergence, Classic pattern and CCI Oscillator
Now let’s check some examples of this strategy.
The Tweezer Bottom pattern on the reversal spot of a bearish trend has formed to specify the future bullish trend with certain Entry & Exit prices.
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In the next example, after bullish trend a Tweezer Top pattern has formed to show the reversal spot at the end of trend.
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Candlestick with Divergence/Convergence
This strategy shows the reversal spot, where a powerful reversal candlestick appears, with one or two consecutive Divergences/Convergences. This strategy is more appropriate for contracts in which great trend movement is not required such as Call/Put contracts.
The specifications of this strategy are as follows;
- Market type: Trend & Range market
- Symbols: Entire symbols
- Time-frames: All timeframes
- Entry Price:
- Buy Order: Bullish Candlestick pattern with Convergence
- Sell Order: Bearish Candlestick pattern with Divergence
- Confirmations: Hidden Divergence and Classic pattern
Now let’s check some examples of this strategy.
On the bearish trend, there are 3 successive valleys that show 2 Convergences. On the last valley a Piercing Line candlestick pattern shows the reversal spot for the upward trend.
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The WTI price chart shows increasing trend in which 3 last peaks specify the 2 successive Divergences to confirm the bearish future trend. On the last peak Shooting Star pattern confirms the bearish trend.
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Notices
The Options (Call/Put) strategies need more trading skills due to Options specifications such as Expiry time, Premium and different contract type.
You can download PFOREX Assist app for iOS and other platforms devices to receive these signals instantly, however I have to insist that all the services provided PFOREX are as information, not as suggestion nor advice.
That concludes this session, until next time and another session, take care.