Large size candles

[ammar177]

Dear All;
I am a new forex trader. whenever I start some trade, I always see the news events. And if there is any news event in the near future, I dont trade. But the problem is that even though there is no news event, but still large size canldes are formed. This behaviour is very disopppinted some times. It is request to please guide me how to avoid the large candles.

 

[alzheimer]

Dear All;
I am a new forex trader. whenever I start some trade, I always see the news events. And if there is any news event in the near future, I dont trade. But the problem is that even though there is no news event, but still large size canldes are formed. This behaviour is very disopppinted some times. It is request to please guide me how to avoid the large candles.

You can avoid large candles trading during Asian session or late NY session when market is calm. During this time candles are tiny however spreads are larger too. You should seek correct trade off that applies to your strategy best.

 

[Enivid]

What I don't get is why would you want to avoid large candles? Large candles allow you to earn more profit.

 

[PIP E PIP]

You can avoid large candles trading during late NY session when market is calm. At this time the spreads are large and the candles are small . the other news and data also affects the overall trade so it is important to see that other factors that are disturbing the candles and are making them too big. You can also put EA on your platform and trade as it can help you in better trade learning and better decision making