Learn How To Read FLY9 Candles
The 3 conditions Strategy
We have decided to share this secret strategy with the world by combining our expert technical analysis, with 3 conditions of the fly9 candles indicator. if they are met, the results are extraordinary!
Timer
Sell signal
on Red Candle
Time Frame
Example
Condition #1
Time Frame - 30 Minutes
After extensive testing, the 30 minutes time frame was found to be the best for scalpers to confluence our strategy for short-term investments on :
- Crypto ( Bitcoin / Ethereum ...
- Metal ( Gold XAUUSD / Silver XAGUSD ...
- Indexes ( NAS100 / US30 / SPX500 ...
# 4Hr / 1 Day time frames are recommended for Day traders
Time Frame - 4hr / 1 Day
Recommended For trading :
- Forex pairs
- Energys ( Gas NGAS / Crude Oil USOIL ...
- US Shares ( AMZN / AAPL / TSLA / NFLX ...
Rules:
> Wait for the "FLY9 Candles" indicator's signal ( Buy / Sell )
> Wait for the Signal Candle to close ( Timer = 00:00 )
to enter your trade
Only :
> Buy when Fly9 Candles Signal appears on a white candle
> Sell when Fly9 Candles Signal appears on a red candle
Condition #2
Sessions Trading
The trading market will be the most liquid during the London / NY sessions, The U.S./London markets overlap (1:00 pm to noon 5:00 pm GMT) has the heaviest volume of trading and is best for trading opportunities,
Therefore Fly9 indicators Work best during those sessions
Once you apply FLY9 Candles indicators, active sessions will automatically appear as follow :
> Green for London Session
> Light blue when market overlap
> Dark Blue for NY session
Here is another example
Can you notice the difference when a session is in place?
* during regular times there are:
X market manipulations
X No clear direction of the trend
X No heavy trading volume
Therefore, we highly recommend trading during sessions
The perfect Trade
Condition #3
Indicators alignment
-The Orange Candle-
The perfect investment opportunity with the most minimum risk and high returns occurs with the Orange candle when :
> Fly9 Sniper entry notification appears ( the Green Line ) which is only triggered during Sessions.
> It is aligned perfectly with the Fly9 Candles signal ( Buy or Sell )
> Crossing over after huge volume transition
How to read the FLY9 candles
long wicks = sign of reversal
Signs to look for in FLY9 candles while trading :
when the body of the candles starts to shrink and the wicks become bigger than the body, that's a sign there is a shift in momentum ( reversal ), and its time to exit your trade [ Watch the video tutorial ]
Finding your SL ( Stop Loss )
Due to the close relationship between stop loss and volatility, the FLY9 candles indicator can be used as a trailing stop-loss as a way of protecting your trade from losses resulting from trend reversals.
Candles VS. Price
FLY9 Candles is a volatility-based indicator, plus the Average True Range (ATR) calculating how much an asset moves on average. During a given time frame, the volume pressure of selling or buying determines how strong the uptrend/downtrend is.
Therefore, the size of the candle's Body matters, the bigger the candle, the stronger the trend
Why Sometimes the price (Bid/Ask line) does not align with the candle?
[ Notice the gap between the current price and the candle ]
Fluctuations in price! for example, in an uptrend, each successive peak and trough is higher than the others below it. and that would determine the size of the candle based on Volatility and the formula behind the indicator.
For that reason, the candle color remains the same based on its volatility confirming a strong trend, and only changes when it identifies price decline and that's when the candle starts to become smaller till trend reversal
Always make sure the candles are set to " Hiken Ashi "
Example of Winning Trades
Applying FL9 Indicators - Different TF (Time Frames)
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