What the candlestick Trading Bible is All About?
The Candlestick Trading Bible was invented by the Japanese rice trader Munehisa Homma. He is considered to be the most successful trader in history. He was known as the god of markets in his day. His discovery made him more than $10 billion in today’s dollars trading the Japanese rice market.
Since I discovered this price action system, my life has been completely changed from that of a loser to that of a successful father and trader. If you can take a little bit of your time to read what I am sharing with you today and if you apply it, I guarantee that you will make money trading in any financial market.
I can’t promise how long this page is going to be up and available, so please be sure to carefully read the entire strategy from the beginning all the way to the end--while it is still here.
I have spent 10 years--compiling, testing, organizing, and consistently updating this method to create my own new version, which is considered to be the easiest and most profitable trading system. You don’t need to spend an extra 10 years like I did to find a winning system because I have shared everything I have discovered in my work. You don’t even need a Master’s degree in finance or to be some math whiz like Albert Einstein to be a profitable trader. Most successful traders are dropouts, and all you need is some common sense and the ability to act on what you know is true.
What You Need is a Simple, Easy, and Profitable Trading Strategy
My journey was very hard, with a lot of pain and frustration, when I first started out. I was very motivated. I wanted to achieve financial freedom, spend more time with my family and relatives, buy the car of my dreams, and travel the world.
I thought that trading was hard. I thought that to be a successful trader, I had to find the secret, or discover some mathematical formula that moves the markets. I used complicated indicators. I got excited about each new method I discovered, but as a system, after the system failed, and all I came to expect was losses, my initial motivation to make money soon turned to real frustration and anger.
I spent four years like a hamster on a wheel, switching from one strategy to the other, from this trading robot to that other one without any results. And instead of achieving my financial freedom, I found myself without a social life, spending my spare time staring at my screens instead of spending time with my family.
I have wiped out seven trading accounts and lost thousands of dollars. I was on the path to giving up trading before I realized that everything that I was working so hard for, was right there in front of me the whole time.
Luckily, this will not be the case with you, because what I am going to share with you today will save you thousands of dollars and years of frustration. By which time, you too would come to the same realization I had--that all you need is a simple trading method to make money trading any financial market.
Why the Candlestick Trading Bible is the Simplest Method Ever?
The Candlestick Trading Bible is based on the T.L.S. method, which is one of the most important principles in the Candlestick Trading Bible approach. The T.L.S. method stands for Trend, Level, and Signal. In other words, when you open your charts, you will look for three important elements:
The trend: you will identify the market trend, and decide whether it is an uptrend, a downtrend, or ranging.
The level: you will find the key levels in the market, which can be support and resistance, trendlines, supply and demand zones …
The signal: you will identify a price action signal such as a pin bar, inside bar, or an engulfing bar…
When you have all three of these simple elements in alignment, then you have the perfect trading opportunity.
Look at the chart example below to see how you can find high probability setups using the T.L.S. trading method.
As you can see, you don’t need a magic indicator to make a profitable trading decision. What you need is to find three important elements:
In the chart above, the trend is up. This means that you will look to buy in the market. the level is the support area, and the signal is an inside bar setup. One or two trades a week like this is quite enough to make a good monthly income.
How the Candlestick Trading Bible Will Allow You to Overcome Fear and Trade with Emotional Control
According to statistics, 95% of traders lose money in the market. This is because our human psychology is not designed for trading. Our social conditioning teaches us that losing is not a good thing. We don’t like to lose, even when we are playing games. Our ego doesn’t accept losing and wants always to be right.
When we come to the trading environment, we try to act the same way we do in our social life. Let me give you an example. You make a trade. The market tells you that you are wrong. Your ego doesn’t accept that. When the market approaches your stop loss, you act immediately to change the placement, and you keep fighting the market till you wipe out your entire account. This is the reason why most traders lose money in the market.
The Candlestick Trading Bible is based on a strict money management strategy that will allow you to trade in control of your emotions and join the 5% of successful traders. If you follow this money management strategy, you will never be a loser in the long run.
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