17 consecutive red candles: Record in the market?

[esSvesrttesnTkscesi]

Reviewing historical graphics, I realized that in the 5 -minute graph of GBPCAD last November there were 17 consecutive red candles.I had never seen so many in a row!Has anyone seen more consecutive candles of the same color in some temporary frame or pair of foreign exchange?It would be interesting to know.

[CEsRAS2296]

17 Red candles followed is not as weird as it seems, especially in low temporalities.If you observe volatile pairs like GBPJPY in high liquidity sessions, you will see similar patterns.The important thing is not how many candles followed appear, but what useful information you can get from it.

[axnwScaNarox]

I have seen more than 20 consecutive candles in gold when there are impulsive movements.When the market enters "panic", there are no setbacks, only free fall.Did you try to operate that fall or did you only look at?

[NC.Tesxxess57Narox]

This type of situation is what ruins those who operate against the trend without stop loss.17 bear candles in a row may seem a rarity, but for someone trapped on the wrong side, it is a death sentence.

[odijuC]

Seeing many candles of the same color is not important.The important thing is to know what to do when it happens.If you start candles without context, you will never understand why the market moves as it does.

[boestruzCaxxes]

I bet someone tried to buy in the red candle number 10 thinking that the price would bounce.Surely he lost to the shirt waiting for a setback that never arrived.

[EsSesy1434]

17 GUBBER candles in a 5 -minute graph is nothing.Try to look at 1 minute graphics during important news.You would be surprised to see what the market does when volatility shoots.

[jCyinqwres]

If you had been in the right direction of the trend, you would not have surprised yourself, but celebrated.The problem is that many traders stare instead of acting when the market gives clear signals.

[axnwShondrux]

If you see this in small graphics, it is because institutional traders are accumulating or distributing positions.You never underestimate market manipulation in low temporalities.

[duogaaxtes]

The consecutive candles of the same color usually indicate a strong orders flow.The interesting thing would be to analyze what this movement caused: was it news, an exhausted liquidity, or simply a great background selling?

[crustesyna84]

17 Red candles followed are a blessing for trend traders and a nightmare for those looking for turns in the market.If you keep trying to catch knives in falls like this, sooner or later you will run out of capital.

[SuguNroda]

This only proves that the market does not "have to" do anything.Many believe that after 5 or 6 sails in a row, the price * must * bounce.But the market does what you want, not what you expect.

[esaxSvora]

I once saw 23 bearish candles in a row in Eurusd after an employment data in the US. I don't know what is more surprising: that the market does that or that people keep operating without waiting for confirmations.

[besnesnesTkr2000]

This happens more than you think, but we only realize when we are on the wrong side of the operation.If you had been short, you would be talking about how you made money and not how many sails were there.

[dogonesra]

And how many of those candles had long wicks?Because one thing is a strong and a very different trend is a movement full of indecision.Details matter more than the simple number of red candles.

[cesSes41]

Surely they were real candles and not a failure in the broker data?Some brokers have graphics that seem taken from a cheap simulation.

[crustunes.rora]

If you study these movements well, you could find repetitive patterns at certain times or during certain events.The market leaves traces, but few take the time to analyze them.

[riby99]

There is always someone who sees 17 bearish candles and thinks: "You can't fall anymore, I'm going to buy."And the market responds with another 10 more red candles.

[Tkbuves]

I have seen this in stock indexes when there is fear in the market.When the feeling is extreme, the movements have no brakes.

[EsnboTess15]

If you understand what happens in those movements, you could build a profitable strategy based on ruptures.It ceases to surprise you and start analyzing how to take advantage of it.