Do you know when not to place a trade – even with a perfect candle signal? Or when “to hold them and or fold them?” Have you asked, “I have a candlestick signal - now what?” The answers to these questions - and more - is completely dependent on the vital trade management principles revealed on this DVD. Lack of these core principles is the single most common - and dangerous - misuse of candles. Here you will learn Steve’s all time most important trade management rule and how he gets price targets. Then see how to use the short term trend to define if a candle signal is valid. Discover the core concept of how to place your trades in the direction of the longer term trend. In the concluding section, Steve asks which of two candle patterns is the more likely reversal. The answer will shock you!

Here's what you'll learn:

• The danger of treating all the candle signals the same
• Importance of trade management
• Protective stops as a foundation of risk management
• Price targets
• Price targets with pivot highs and lows
• Price targets using price patterns
• Price targets with bull and bear channels
• Risk/ reward- why this should be an essential component of trading
• Importance of Short Term Trend
• A common misuse of candles and trend
• When is a bearish engulfing pattern not a bearish engulfing pattern?
• Importance of Longer Term Trend
• Using longer term trend to set up directional trades
• Dual moving averages to define longer term trend
• How to Trade Expected News
• The If…Then Principle
• What this principle means to your trading
• The 3 ways to use this trading principle
• Adapting to the Market – A key strategy when in a trade
• Candles in Context
• Using trade management to help determine the better candle signals