have you guys ever wondered or heard in the market candles that open and close with no top Wick and no bottom Wick I'm sure you've heard this and I'm sure it causes a lot of Confusion And You Must Be Wondering what does it mean and how exactly am I gonna trade this this is exactly why I'm making this video to make sure that you guys are Masters at trading candles that open and close with no top Wick and bottom Wick based on my back testing in the markets and my experience I'm able to populate the best scenarios and the different scenarios in order for you guys to be able to trade as well as avoid certain scenarios that are going to cause you trouble so make sure to stick to the end of the video because this video is going to cover exactly what to do in every single scenario based on my experience and what I have found works the best and also will allow you to make sure that you are making the right decisions and understand fully what it means when candles have no Wicks so that being said let's get straight into the video and get to the charts and let me explain to you what to do in these situations [Music] so guys before we get officially started here if you're new to the channel welcome to the channel if you're returning please leave a like if we can get this video past 100 likes I really would appreciate it and uh yeah if you're new to the channel consider subscribing if you enjoy this content plenty of content coming out plenty of informational videos something that you should maximize to your complete ability down below also is a Discord group I highly advise you if you want to improve in trading to join that it's completely free and it's an only place where you can actually ask questions and you're gonna get replies it's not full of BS it's actually something useful there's a lot of useful content being put in there we also do live streams so if you're interested in joining that you can show up for that that is during London session so consider that and without wasting more of your time and all the YouTube business out the way let's get straight into the video alright guys so when it comes to candles not having top and bottom Wicks there's different scenarios that we're gonna cover the first scenario that there is is that what if a candle opens with no top Wick and we expect price to go up same for the downside then we're going to cover what happens if we're looking for upside and the candle opens with no bottom Wick and also what do we do when candles open and close with no top and bottom Wicks when we're looking to trade so scenario number one is one of my favorite ones let's say today we were looking for buys we're looking for price that closed bullish and we're looking for the next candle to continue bullish and we're taking buys maybe somewhere like this we're taking buys at the break of the high to Target our next relevant level so if we're taking Buys in that scenario what might happen is that we see a candle open like this with no top Wick and start to flip down and make a bottom Wick like this as it flips we can see that the candle then flips and leaves a bottom Wick like this so the scenario here is okay what do you do when this candle opens with no top Wick like this this is actually a benefit well actually at that time it will be red so let me make it red so actually this is a benefit to us when the candle opens with no top Wick like this because this is literally saying that okay fine the candle is going down to create its bottom Wick so when the candle flips at that time we can get a better entry and don't have to worry about the candle making a bottom Wick and we can enter basically as it breaks the high and that changes nothing so it's nice to see when the candle opens with no top Wick and flips that gives us really good confidence that when there is a flip we should get a good push to continue in the direction we anticipated so this is scenario number two and we're gonna cover scenario number two here is what happens if the next candle opens no bottom Wick like this I think this is a very important scenario here and it is one that I need people to understand a lot because this is what causes a lot of confusion here so a lot of confusion is caused when the candle opens and has a topic like this but never made a bottom Wick should you enter right this is the questions that people have should you have entered at The Brick of the high should you still enter even though there's no bottom Wick and this is where it based on time frames and scenarios right because if we for example take the four hour time frame if a candle does not have a bottom wick on the four hour time frame right if we're on the four hour time frame and the candle does not have a bottom Wick like this what do we expect most for our candles to have we expect most for our candles to have a top and bottom Wick and if we go back and look at just the four hour candles here right and look at them on the chart here and let me just clear drawings so if we look at the chart here and we see the four hour time frame we can see that the majority of candles here all have top and bottom Wicks so we can expect and it's actually around 80 to 90 percent of those candles have top and bottom Wicks so when a four hour candle does not have a bottom Wick or top Wick it actually starts to have a concern especially if we're trading close to where the candle open so for example if a four hour candle has open bullish right and we're trading somewhere here and you're trading in this candle which at any time can flip and you're looking for buys that can actually become problematic why can that become problematic because at any time this candle can flip and make a bottom Wick the same thing applies for lower time frames if we have an hour open let's say we're trading one hour before London open and that one hour in that candle we're 30 minutes in but still the one hour time frame let me actually draw that still the one hour time frame does not have a bottom Wick and maybe you're taking buys on the 15 minute somewhere in here you're taking buys the problem is is on a 15 minute the candle might have a bottom and top Wick right so if we look at a 15 minute time frame let's say it did something like this the next candle did something all within the hour right the next candle did something like this close bearish right and now you're taking buys as the next candle closes bullish like this you're looking to take buys right and your position is essentially looking something like this right so if your position is looking something like this would stop loss below the Scandal and you're looking for Longs here right that's going to be your position like this looking for Longs and Target whatever but this is the 15 minute right 15 like let's say this is 45 minutes worth of price action so 45 minutes worth of price action but the one hour still does not have a bottom Wick or let's say less because this candle broke the high let's say you entered at the break of the high so this is only like 30 minutes into the one hour candle at any point of time and there's we've had this on live stream so if you guys don't know already we live stream so be sure to join that and uh yeah at any time the candle can flip and make a bottom Wick so you guys have to understand that if there's a candle with no bottom wick on a one hour time frame and for cells no top Wick at any time in this one hour time frame the candle can flip and make a bottom Wick and maybe what happens is and this is we see this a lot you're on the 15 minute you take a trade on the 15 minute and then what ends up happening is you get a candle that does something like this and makes the bottom wick for the one hour and then once the bottom Wick is made maybe later on in the session you create the support and price continues up bullish this happens a lot and you see the one hour form of bottom Wick but if we take this scenario on the 15 minute so let's say that this was a 15 minute candle right here and that did not have a bottom Wick it kind of changes because if the hour has a bottom Wick the four hour has a bottom Wick and the 30 minute has the bottom Wick one 15 minute candle we don't have to worry about too much why because if we're Trading let's say at London open there might be a quick burst of volume and we don't want to miss the trade so if there's a 15 minute candle with no bottom Wick we can actually take the trade because we can trust our stop loss right and that's where it becomes important because if you're expecting volume to continue your your trade you don't have to worry about a bottom Wick but if you're trying to hold the trade longer and on higher time frames at some point it will probably make a bottom Wick so let's go on the chart and have a look at a few examples where there's no bottom Wick you know basically let's say we had a closure above here okay and your job is let's say this candle here did not open with the bottom Wick right so we can actually draw an example like this and I can do something like this and check this out if we did something like this and just scribble this out something like that right and now we can have an analysis so let's say we wanted to take buys on this kind of closure here but we know volume is coming into the market and this is a 15 minute time frame if we know that volume is coming to the markets and this is London open and our goal is only to get 10 15 Pips we can just take the trade expect price to give us a quick push and as soon as this candle finds some type of resistance and starts to leave a wick like this and starts to flip we can just go break even and once it makes its bottom Wick you can look to enter again so you don't miss the move so that's a little bit more advanced but you can wait for that candle to flip right and once it ends up flipping you can close your trade quickly if you didn't secure at a quick 15 10 Pips but if you're trying to hold the trade to continue bullish at some point you can expect this candle to make a bottom Wick and it would be better because it shows you first of all it's showing you here that it's respecting the zone right it's showing you that it's respecting The Zone and on top of that it gives you confidence one that breaks the high you don't have to worry about a bottom Wick because it's already happened so that's why I always prefer to see bottom Wicks but what about the age-old question which is a huge question that I see and is the last part of this video so quick video nice and simple what about candles right that close with no top and bottom Wick so I'm gonna draw you an example here's a bullish example right of a candle that closes with no top Wick right and here's a candle that closes with no bottom Wick right so if we're looking for cells let's say we're looking for cells and we have a closure like this right let me just draw that nicely there we go we have a closure something like that all right so if we have a closure something like that what do we do in these two candles what does it mean I think this is a huge I've heard people say that this could be that price has no range to continue up prices found resistance uh price might may reverse uh price has no range to continue down there's so many different scenarios and it causes a lot of confusion now the way I've kept safe when when price doesn't close with a top or bottom Wick what I do notice is immediately and this is basically the rule that I've made based on my back testing is when a candle closes with no bottom or top Wick what I end up finding is that it becomes a 50 50 chance there's a 50 chance that price is going to continue in the direction you intended right there's a 50 chance it continues down and also there's a 15 50 chance that this candle literally here can end up what can end up reversing and shooting up to the upside after making a bottom work and maybe does this and now you're stuck so it flips the odds to 50 50. so you always want a candle that has a bottom Wick because that keeps the odds normal so there's not many candles that don't have a bottom Wick but when they do it makes it 50 50. so how are we gonna avoid having a 50 50 and how we're gonna trade using our knowledge to be able to get into the markets when we have this scenario first of all if there's a lot of volume in the market right let's say this is London open what we can do is we can anticipate price right to come down make a bottom Wick once that bottom Wick is made and it's left its bottom Wick like this once it flips here and if there's a lot of volume in the market we could just take the trade and see what happens right see if we can get up here and see if we can wait till this closure and have an idea in our head that okay fine if this next candle does not close bullish but ends up closing bearish I can just close the trade so you can have that in your mind but the best way to see when you have no top Wick and no bottom Wick with a closure because you know some people say this is close at resistance but at times of volume this actually shows you that price just wants to go down right why especially if you're trading something like gold you see this candle happen a lot on the five minute time frame and that actually means that there's a lot of volume coming into the market that selling orders continued to nylon even till the candle close right so if you have that information once the next candle makes its top Wick you can look to continue sales because this candle is actually nice because it's telling you there's a lot of selling pressure in the market so the rule is when there's volume you can look to continue that momentum and not worry too much about no topic and no bottom Wick because when there's volume you can expect that but when there's not so much volume and you're not anticipating you know you're anticipating to wait for the move to play out if you're waiting for the move to play out you have to play the game a little bit different so the way you play the game is that what you're gonna do is you're gonna wait for the next candle here right so you're gonna wait for the next candle to essentially show you that it's respecting the zone so if we had a scenario where this price closed outside of the range what you want to see is you either want to see on Lower time frame that price creates some sort of Wick itself like this actually will be red here so price creates something like this right and starts moving down and this is a little bit more advanced and once this happens on Lower time frames this Wick that was created here and I need you guys to let me know in the comments if this makes sense if it doesn't you can ask in the group so be sure to join that but this Wick that was created here essentially becomes the topic of this so if the next candle after lower time frames ends up breaking this Zone like that and you get another candle that looking something like this what ends up happening is that this is essentially breaking the top Wick that candle that you got the top Wick becomes here of this candle and this candle broke it and that's where your entry can be to avoid not having a to avoid that confusion of not having a topic on this so that's a little bit more advanced I'd probably have to go a lot more in depth and I mean that's you know most of the time you're not going to encounter that right and if you're not going to encounter that then you don't have to worry too much about it we can see on the chart where it becomes a 50 50 you can see how the results are mixed here so in the beginning of the video there was an immediate result here we could see how it just reversed price but let's say you know this one right actually let's remove this so let's see where we've not had a top and bottom Wick see most of the times we do so it's not something like here what happened was that we had no bottom Wick but you guys actually have to look at the chart we're at support so I don't really care that has no bottom Wick I'm not selling there anyways you were kept safe so you have to realize that as well is that you have to realize where are we trading on the on the market does it make sense for price to continue down or continue up if it doesn't then obviously your top and bottom Wick will not be relevant because at you know in the beginning it didn't even make sense to go down anyways right to see if we can keep scrolling back and find the scenario where we see like here look 50 50 right no bottom Wick price reversed right 50 50 and then you'll find another scenario here where we have no bottom Wick and price ends up reversing uh continuing look at this no top Wick momentum was in the market did not care did not care about no top Wick but what what is important here is that we get the bottom wick on the next candle that gives us a lot of confidence but when there's momentum you see it ignores it so that's what I mean it becomes a 50 50. so when there's momentum we can follow our bias and expect that our stop loss may be down here or here is gonna hold right and if there's if we're gonna find resistance we're most likely going to find it up here so as you can see it does cause a 50 50 and that's what I've experienced and that's what I think happens most of the time otherwise from that pretty simple that's basically all I want to say gonna wrap up the video here hope it makes sense and I appreciate you guys watching till the end of the video if you have I hope I cleared everything up for you and if you did enjoy the video please leave a subscribe if you're new to the channel stick around leave a subscribe join the live streams and all of that good stuff let me know in the comments if you like this video you like the production and you like the editing and with that being said guys take care trade shopping until next time peace [Music] thank you [Music]