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www.YourTradingCoach.com – Candlestick Charting – Vol 6 – Hanging Man
Video Rating: 4 / 5

22 thoughts on “Candlesticks – Vol 6 – Hanging Man

  1. naganandrayikanti says:

    Hi Lance, explanation was awesome and much helpful for me in understanding easily, and i am so happy to watch your full series 🙂 keep up your? work

  2. gautamkj says:

    Nice Videos Lance!! Would have been great if your tutorial covering some invalidation of pattern reversals for eg: for shooting star, hammer or hanging man.

    But appreciate the effort put by you for the good work.


  3. season2reason says:

    Thank you. will? visit your website.

  4. dailera1 says:


  5. YourTradingCoach says:

    Hi FXSwiss Trader, Thanks. I’m glad you’ve enjoyed the videos. A hanging man is a top reversal pattern. A? hammer is a bottom reversal pattern. Although the individual candle’s look the same, the context is different. Both apply to forex.

  6. FXSwissTrader says:

    Would you say that the hanging man does not apply to the forex market but should be intepreted as a hammer instead? Thank you. These videos are great. Thank you for? uploading.

  7. YourTradingCoach says:

    I’m not 100% sure which you’re referring to, but from the left, the 17th could be a potential hanging man, not a shooting star. From the right, the 17th is not between? 2 long green candles. It’s all irrelevant though. Without confirmation, or without considering context, it’s not a trade.

  8. trungfu2 says:

    At 6:01 from the right over, the 17th candle(red) between 2 long green) is that a shooting star w/o a confirmation ??

  9. Mattoman501 says:

    Another excellent video!? Thank you.

  10. rofsjan says:

    What a great? explanation!

  11. YourTradingCoach says:

    Thanks angie3311,
    I’m glad to hear you’ve enjoyed? the candlestick vids.
    All the best with your trading,

  12. angie3311 says:

    Thank? you for such a simple explanation and I do agree with comments > A great presentation! Will go to your website. Keep it up Coach! Much appreciated.

  13. YourTradingCoach says:

    Hi Jugdesi,
    There’s no need to predict the next? open at all. Trading is about reacting to what does happen – not predicting future price action.

  14. YourTradingCoach says:

    Hi rmil0767,
    Re economic events.. except for unexpected news, these all? come out at pre-planned times. Any economic calendar will do, but the one I use is the forexfactory calendar. I can’t post links in here, but you should easily find it by searching for forexfactory calendar. Take note in particular of those events classified as HIGH (red) and MEDIUM (orange) potential impact.

    Not sure of the individual impact of each econ release on gold. You’l have to check that yourself.


  15. rmil0767 says:

    Hi Lance
    Your a fantastic teacher and presenter. Thankyou.
    Quick Question. My knowledge of the economy/market is very slim but I can easily grasp the candlestick trend analysis. The problem is while this analysis is working for me? I keep getting slammed by external economic issues. Is there an easy way to check for upcoming things that may effect the market? I’m generally trading gold?
    Thank again

  16. everestmindz says:

    Thanks for this.?

  17. YourTradingCoach says:

    Hi TheRussianRastaman,
    Thanks for your feedback.
    Candlestick reversal patterns are applicable in any market and any timeframe, provided it has sufficient liquidity to ensure smooth price flow.

    If it’s a rarely traded instrument such that? it jumps all over the place (eg. some option contract charts) then ignore the candlestick patterns.

    Bring up your favourite instrument and scan the historical data on multiple timeframes. You’ll find candlestick patterns on all t/f.


  18. TheRussianRastaman says:

    hi Lance!
    i just wanted to thank you on your SIMPLE explanations of candlestics! and i had? a question: when should i look for patterns- over a short periods of time, like 5 or 10 minutes, or long time frame, say monthly?

  19. YourTradingCoach says:

    Hi poty1231,
    Thanks for your comment. Why am I giving this info away for free? Please see the FAQ page on my website for an explanation.

    Of course, you’re more than welcome to pay if you feel there’s great value in the information – donations are always? accepted. 🙂


  20. poty1231 says:

    why r u giving out this stuff for free???????? what? is the reason behind it????????

  21. affectedstudent says:


  22. YourTradingCoach says:

    Ahhh! You got? me there.
    I think,

    Happy trading,

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