Simple Trading Strategy for Consistent Profits
If you're trying to earn consistent money from trading and aiming for at least $80 a day, mastering candlestick patterns is a powerful way to do it. The image above shows 4 of the best bullish candlestick patterns every trader must know. Let’s break them down and create a smart plan to use them for daily gains.
🔥 1. Pin Bar – The Rejection Candle
What it means:
The Pin Bar shows a strong rejection of lower prices. It forms when price moves down sharply, then bounces back and closes high, leaving a long wick below.
How to trade it:
Wait for the pin bar to form at a key support level or demand zone.
Confirm with volume or RSI for extra accuracy.
Enter long (buy) when the next candle breaks the high of the pin bar.
Place Stop Loss just below the wick.
✅ Profit Goal: Use a 2:1 Risk-Reward setup to catch small but safe profits multiple times a day.
🟢 2. Bullish Engulfing – Power Shift Candle
What it means:
This pattern forms when a small red candle is followed by a large green candle that completely "engulfs" it. It signals a strong shift in control from sellers to buyers.
How to trade it:
Spot this pattern near trendline support or horizontal support.
Enter a buy trade at the close of the engulfing green candle.
SL below the low of both candles.
💰 Tip: On 15m or 30m timeframes, this setup can be repeated 2–3 times a day for $20–30 gains per trade.
💚 3. Tweezer Bottom – The Reversal Double
What it means:
This is a 2-candle reversal pattern where both candles have almost equal lows, showing strong buyer defense.
How to trade it:
Look for it after a downtrend or during a correction.
Confirm with a bullish candle close above the first candle's high.
Buy with SL just below the equal lows.
🎯 Scalp Target: Use this pattern to make quick $10–$20 scalps in fast markets.
⭐ 4. Morning Doji Star – The Golden Signal
What it means:
This is a 3-candle reversal pattern that appears at the end of a downtrend. It starts with a big red candle, followed by a Doji (indecision), and ends with a strong green candle.
How to trade it:
Best used on 1H or 4H charts for bigger moves.
Buy at the close of the green confirmation candle.
SL under the Doji’s low.
📈 Swing Setup: Use this to hold trades longer and make $40–$50 on a single clean breakout.
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📊 Pro Strategy to Earn $80 Daily:
1. Use 1–2 high-probability trades a day using these patterns.
2. Set your risk per trade to $20 and aim for 2x reward.
3. Use TradingView alerts and watch 15m, 1H, and 4H charts.
4. Avoid overtrading – only enter if the pattern is perfect and confirmed.
✅ Final Words:
These candlestick patterns aren’t just theory – they’re real signals used by professional traders every day. Combine them with risk management, patience, and strong entry zones, and you can realistically aim to earn $80 daily from the market.
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