Many people believe that high profit candlestick patterns are found by simply identifying the bars in the candle chart alone. However the truth is that while Japanese candlestick charting patterns are an excellent tool to use in your technical analysis, determining if they are high probability or not is dependent upon where they occur in the context of the chart.
Finding a doji, shooting star, dark cloud cover or hanging man candlestick is not enough for a high probability and high profit trading signal whether you are trading the stock market, futures for the Forex market.
This brief video demonstrates the concept that high profit candlestick patterns, by themselves, do not consistently produce reliable, profitable trading signals.
This is a very basic video for those fairly new to candle charts. If you’re looking for more advanced candlestick teaching I’ll be offering that in the future.
Also, click here to receive one of my Favorite Trading Setups, and get my FREE 5-Day Video Trading Course.
Hi Jathrop,
The video shows up on my browser. Not sure why you can’t see it. If you’re using Internet Explorer 6.0 or earlier, that could be one reason – then the formating of the entire site will be unaligned and be hard to read.
Hi Barry,
Thanks for providing this content on Candlestick patterns. It goes a long way to clarify some sort of confusion going on in my mind and moreso, I’m now educated on what they do and the mechanism around them. I’ll take this into consideration in my analysis with other energies to improve on my trading skills.
Once again thank you.
Hello Dr. Burns,
Why there is no video shown on the page?
Is the video located on YouTube?
If it is on You Tube, then YouTube has been blocked for continuously violating the PRC rules.
Is there any way that I can watch the Candlestick video on any other site?
Many thanks,
Jathrop
Great work Barry ,
Now I know a bit more about candlesticks what they mean and the mechanics of how they work fantastic.
I’m thinking if had watched this video before my last trade, I wouldn’t have closed my winning trade so early , because the candles showed it was only a short term reversal when the overall trend and momentum was still up.
Phil
Barry. I have profited so much from your courses and your continued advice through your video newsletters in terms of increased confidence and skill in learning to preserve my capital and making money.
You’re the most honest educator I have ever come across.
Your candlestick videos here help to supplement the solid foundation you have already provided me.
Many thanks.
Hi Barry.
Thanks for the video. I was trying to make sense of the candlesticks with whatever information I could find on the internet. I have been looking at them in isolation as my charting software identifies them but more often than not – they let you down. Your video has cleared my thoughts on this and I can look at them with a far more informed viewpoint now – thanks!
Great stuff looking forward to reading more.
Great video, great information, great job. Thanks for sharing them with us, your followers.
GinebraTrader
Dr Burns,
Nice video. I like your videos very much. I very appreciate you keep on sending me emails about your new videos, they are very helpful.
Thank you so much.
Holly
Hello Barry,
I have watched and seen a few of your videos and have enjoyed them very much. I especially liked your series covering market cycles. I also like the insight you share on how to properly trade patterns (i.e. Head & Shoulders pattern). You have a very gentle and polished delivery. Your topics are brief and to the point and I’m sure the rest of the trading community appreciates it as much as I do.
TraderJoe
Dear Barry Burns I thank a lot about your many video and advices you sent through youtube video and blog. They help and inspire me in trading each week and let understand any mistake in session. The deep on the contents become easy because your espertise to translate others. Have a nice time up there. Julio from Venezuela.
great stuff!
Thanks Dr Burns, Good video on candle stick as it is with everyone of your videos, articles or courses. I started using candles with your other methods.
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I agree with you Barry on using other tools or energies.
Hi Barry,
Great video covering one of the basics about candlesticks. It’s easy to get stuck on all the different patterns, and not see the wood for the trees. I look forward to seeing more of your videos, and will link in when I get around to updating my site!
Alan
Thanks Barry, nice video. I use candles all the time in conjuction with trend lines and oscilators and works very well. My experience is that they work better on longer term charts 30 Minutes and above.