Candlestick patterns are one of the most powerful trading concepts, they are simple, easy to identify, and very profitable setups, a research has confirmed that candlestick patterns have a high predictive value and can produce positive results.
I personally trade candlestick pattern for more than 7 years; I can’t really switch to another method, because i tried thousands of strategies and trading methods with no results.
I’m not going to introduce you to a holy grail, this trading system works, but be prepared to lose some trades, losing is a part of this game, if you are looking for a 100% wining system, i highly recommend you to stop trading and go look for another business.
Candlestick patterns are the language of the market, imagine you are living in a foreign country, and you don’t speak the language.
How could you live if you can’t even say a word? It’s tough right???The same thing when it comes to trading.
If you know how to read candlestick patterns the right way, you will be able to understand what these patterns tell you about the market dynamics and the trader’s behavior.
This skill will help you better enter and exit the market in the right time.
In other words, this will help you act differently in the market and make money following the smart guy’s footprints.
The candlestick patterns that i’m going to show you here are the most important patterns that you will find in the market. I’m not going to show you how to trade them, because this will be explained in details with each candlestick patterns.
What i want you to do is to focus on the anatomy of the pattern and the psychology behind its formation, because this will help you get the skill of identifying easily any pattern you find in the market and understand what it tells you to do next.
If you can get this skill, you will be ready to understand and master the trading strategies and tactics that i’m going to teach you in next articles that describes brief about all candlestick patterns.
0 Comments