Traders often wonder and question which candle patterns are the strongest. Strongest can refer to either the most bullish or the most bearish. Understanding the strength order of candles, can play a very important role in determining any traders entry or exit points. Entry and exit points are essential factors that will determine the overall results that any trader will be able to achieve through trading. In fact, entry and exit points are most likely two of the top trading challenges that any trader or investor must overcome to truly become successful.
Thanks to ground breaking work completed by Steve Nison in the past few years, this strength order of candles has become easier to understand and comprehend. In a two day seminar that was conducted live and available via recording, Nison reveals what is now known as Strict Criteria candle patterns. This will differentiate standard criteria candles from those that are even stronger and more predictive. Candles are able to aide any trader in understanding the psychology of the markets, but strict criteria candles will add even a higher level of confidence. These strict criteria patterns work for both bullish and bearish, as a result, they will greatly add to reasons of entering or exiting both long and short positions.
The team at Candlecharts.com has always utilized a software tool named Nison Candle Scanner. This software plug-in has enabled thousands of traders around the world in all markets be able to highlight, scan, and alert to a host of standard criteria candle patterns. But now, for the first time ever, the software will be upgraded to also include strict criteria candle patterns. Imagine the ability to find some of the highest probability candle setups with the use of a software pattern that had already been extremely beneficial to traders using just standard criteria! This upgrade will be made available to all existing scanner users and will now be available for all new students of the Nison Candle Scanner.
Helping traders identify and scan for the highest probability setups, entries, and exits will go a long way to aiding traders of all levels in accomplishing their trading goals.
For more information on this software, go to: Nison Candle Scanner.