Qazi Forex TipsIn this lecture
- Why every method needs entry and exit rules
- What a rejection candle shows
- What a momentum candle shows
- Using them at support and resistance for entries
- Rules, emotions and money management together
My own entry rule on the M5 chart: an engulfing candle whose body fully covers the previous candle's body, with at least two opposite candles before it. The more opposite bodies it covers, the better the setup, and a doji counts for both sides.
Dr. Qazi's own entry rule
No method is profitable if there are no rules of entry and exit. Follow the rules, control your emotions and have a money management plan.
From the lecture
A written plan you follow, and the patience to skip a trade when the setup is not there.
How Dr. Qazi teaches
Lesson notes
Rejection candles
A rejection candle has a long wick into a level and a close away from it, like a pin bar. It shows that price tried to go through the level and was pushed back. At support, look for a long lower wick; at resistance, a long upper wick.
Momentum candles
A momentum candle has a large body and small wicks. It shows that one side took control. A momentum candle leaving a level, or breaking out of a range, shows strength in that direction.
Turning candles into rules
- Mark the level first (support, resistance, trendline).
- Wait for price to reach it. No level, no trade.
- Wait for a rejection or momentum candle to close.
- Enter after the close; stop loss beyond the wick or the level.
- Target the next level, with at least 1:1.5–1:2 reward to risk.
Write these rules down, follow them on every trade and size each trade with your money management plan.
Khulasa (Roman Urdu / Hindi)
- Level batata hai kahan, candle batati hai kab.
- Rejection candle: level par lambi wick, close level se door.
- Momentum candle: bari body, chhoti wicks, aik side ka zor.
- Candle close ke baad entry, SL wick ke peeche.
Questions
What is a rejection candle?
A candle with a long wick into a level and a close away from it, showing that price was pushed back from that level.
What is a momentum candle?
A candle with a large body and small wicks that shows one side, buyers or sellers, took control.
Is a pin bar a rejection candle?
Yes. A pin bar is the classic rejection candle: a small body and a long wick pointing into the level.
Where should I place the stop loss after a rejection candle?
Beyond the wick of the rejection candle or beyond the level, plus a small buffer for spread.
Which timeframe is best for candle entries?
Mark levels on H4 or H1 and look for the entry candle on H1, M15 or M5, depending on your trading style.
Should I enter before the candle closes?
No. A candle can change completely before it closes. Wait for the close to confirm the rejection or momentum.
Related lessons
Support and Resistance: how to draw it, and why it failsRisk & Money Management
Where to set stop loss and take profit, and when to close halfPrice Action Basics
How to identify and avoid false breakoutsEducation only, not financial advice. Trading forex, Gold and CFDs carries a high risk of loss. Examples are for learning; test any method on a demo or in a simulator before using real money.