Candlestick patterns

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 20 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, in this chapter, i’m
not going to show you how to trade them, because this will be
explained in details in the next chapters.
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 the next
chapters.