How to profit from $100 to $200
How to profit from $100 to $200 daily using candlestick patterns
Candlestick patterns are among the strongest trading tools. They tell you the story of buyers and sellers, and if used correctly, can help you profit from $100 to $200 daily. In this guide, we will cover what candlestick patterns are, which ones are the most profitable, and a step-by-step plan on how to trade them.
---
🕯 What are candlestick patterns?
Candles show the opening, high, low, and closing prices for a chosen time frame (1 month, 5 months, 1 hour, 1 day).
Green Candle (Bullish):
Closes higher than the opening price.
Red Candle (Bearish):
Closes lower than the opening price.
Wicks (Shadows):
Show the highest and lowest point in that time frame.
These shadows represent market psychology - fear, greed, and pressure from buyers or sellers.
---
⭐ Top 5 Profitable Candlestick Patterns
1. Doji (Indecision ← Breakout Opportunity)
Indicates a state of uncertainty. At support/resistance levels, it often leads to a strong breakout.
2. Hammer (Reversal Signal) 🛠️
Appears after a bearish trend. A long lower wick indicates a failure of sellers, and buyers may take charge.
3. Engulfing Pattern (Strong Reversal) 🔥
Bullish Engulfing: The green candle fully covers the previous red candle, indicating buyer strength.
Bearish Engulfing: The red candle fully covers the previous green candle, indicating seller strength.
4. Morning Star / Evening Star 🌟
Morning Star ← Bullish Reversal.
Evening Star ← Bearish Reversal.
5. Inside Bar (Setup for Breakout) 📦
The price remains within the range of the previous candle. A breakout above/below leads to strong movement.
---
✅ How to Trade Effectively Step by Step
1. Open the chart
Use Binance/TradingView.
For short trades: 5 months or 15 minutes time frame.
For swing trades: 1 hour or 4 hours time frame.
2. Determine the trend
If the market is in an uptrend, focus on buy trades.
If in a downtrend, focus on sell trades.
3. Identify support and resistance
Support: The price level at which the decline stops.
Resistance: The price level at which the rise stops.
These areas are the best for candlestick patterns.
4. Wait for a candlestick pattern
Hammer at support ← Buy.
Engulfing at Resistance ← Sell.
Doji near levels ← Wait for a breakout confirmation.
5. Plan your entry, stop loss, and take profit
Always use a stop loss. Example:
Entry Price: $1.00 (Buy)
Stop Loss Price: $0.95 (below support level)
Targets: $1.10, $1.15, $1.20
If you buy 1000 coins at $1.00 ← sell them at $1.10 ← profit $100.
6. Risk Management
Risk only 2-3% of your capital on a single trade.
Even if one trade fails, subsequent trades can cover the loss.
7. Daily Trading Routine
1. Check the market in the morning.
2. Identify support/resistance levels.
3. Wait for candlestick signals (Hammer, Engulfing, Doji).
4. Enter with a stop loss.
5. Exit at profit targets.
---
📊 Example of Daily Profit
Capital: $2000
Risk per trade: $60 (3%)
Return Ratio: 1:3 → $180 profit for each winning trade
Two winning trades daily = Profit $360
3-4 good trades may reach $500 or more daily
---
⚠️ Mistakes to Avoid
Entry without confirmation.
Skipping the stop loss order.
Overtrading on small time frames.
Using high leverage without thinking.
---
✅ Final Word
Candlestick patterns are not magical, but when combined with support and resistance levels and trading volume, they become strong signals. With discipline, risk management, and patience, you can achieve a profit ranging from $100 to $500 daily.
👌 Master two or three candlestick patterns, trade only at strong levels, and stick to a consistent routine. This is how simple candles turn into steady profit.