1. Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN > EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN. CFTC/NFA Disclaimer

4. There are a nearly infinite number of chart patterns with a variety of names, but among the most commonly recognize are the basics of Japanese candlesticks. We will cover a few of these, starting today with the infamous tweezers. Courtesy of google images Forex Candlesticks

5. Tweezer bottoms are defined as two consecutive candles who share the same or nearly the same low. Most useful is how this pattern demonstrates a support level. In any market, trending or ranging, support Levels are simply price ranges that markets have trouble breaking below. Thus the low price these candles share demonstrates a relatively strong benchmark for support. Courtesy of google images Tweezer Bottoms

6. As with most patterns, there is an inverse. The Tweezer top is the inverse of the Tweezer bottom. These are defined as two consecutive candles who share the same or nearly the same high. Here this pattern demonstrates a resistance level, a level at which the markets have trouble breaking above. Courtesy of google images Tweezer Tops

7. The most effective tweezers have the following: The 1 st candle is has the same characteristic as the overall trend. If price is up-going, then the first candle should be bullish. The 2 nd candle is opposite the overall trend. If price is up-going, then the second candle should be bearish. The shadows of the candles should be of equal length. Tweezer tops should have the same highs and tweezer bottoms should have the same lows. Courtesy of google images Best Tweezers

8. Tweezer candles are a fairly infrequent occurrence depending on precise you set your criteria of hitting the ‘same price.’ When they do happen, however, tweezers of often felt to highlight high-probability trading opportunities. Closing Notes

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