October 21, 2017

People Who Take A Candle Stick Course Generate More Consistent Profits

Numerous studies have revealed that people who take a candlestick course generate more consistent profits. This makes a lot of sense considering the fact that somebody who has no formal education with her guard to making money in the markets often times is at a disadvantage unless they are willing to invest in the tools and knowledge necessary to be successful.

Generally speaking, there are two basic ways to determine whether or not a particular investment or trading opportunity makes sense. The first methodology is to use something called fundamental analysis. This generally revolves around studying macro economic information as well as information that is specific to the company or commodity market that is being examined.

The second methodology revolves around something called technical analysis. This is a process in which no macro economic information is considered and instead of trading decision is made based purely on that chart pattern of stock or commodity being examined. Does that make sense? In other words, you’re looking at a chart — oftentimes a candle stick chart — and making a trading decision based on various factors and attributes that are present in the chart.

Somebody who chooses to try to make money in the markets through the use of candlestick charts is making a very serious mistake if they do so without first investing some time and money to learn as much as possible about how these charts work. That is why it makes sense to take a candle stick course. It also helps explain why people who take a candle stick course generate more consistent profits.

You need to make a decision as to whether or not you are truly serious about maximizing the amount of money you have the opportunity to make in the market. If you decide that this is something you are truly interested in doing, then you need to make an effort to learn as much as possible. Something you will discover rather quickly is that many of the most successful traders in the market today use technical analysis to determine whether or not a particular trade looks promising.

Assuming for a moment that you choose to follow in the footsteps of some of the most successful traders in the market today, then not only will you be using technical analysis as a means through which to make investment decisions, but you will more than likely be using candle stick charts. Therefore, it makes a lot of sense to learn as much as possible by taking a candle stick course.

Can A Candle Stick Course Really Help Improve Your Trading?

Have you ever wondered whether or not a candle stick course can really help improve your trading? If so, you’re not alone. The simple fact of the matter is that the overwhelming majority of successful traders participating in the market today are highly skilled candle stick chart readers. This begs the question — why are candle stick charts so popular amongst successful traders? Furthermore, should you consider investing in a candle stick course?

In many markets, including the commodities market, there is simply too much information for a trader to assimilate before making a trading decision. As a result, candle stick charts serve as a useful substitute. In other words, by studying the chart, a trader can make an intelligent decision as to which direction a particular stock or commodity might be going in the near future.

As you can imagine, a candlestick course can provide a new trader with the knowledge and information necessary to appropriately interpret a candle stick chart. In fact, when you really stop and think about it, investing several thousand dollars towards your education as a trader is a small price to pay considering the amount of money you have the opportunity to make if you know what you’re doing.

As a general rule, technical analysis is oftentimes favored by most traders given the fact that, as mentioned a moment ago, there is simply too much information to assimilate prior to making the trading decision. By studying a candle stick chart, a trader is being provided with a snapshot of information that can be used to make a more intelligent trade.

In the final analysis, you need to make a decision about whether or not you plan to be a successful trader. If so, then you need to be willing to invest time, effort, and money towards your education. This is why a candle stick chart can be so incredibly useful. Not only will you be obtaining a baseline level of knowledge and information about how candle stick charts work, but you will be positioning yourself to make significantly more intelligent trades.

Remember, the overwhelming majority of people who are successful traders will be the first to tell you that they have invested a lot of time and money in their education. It’s in your best interest to model this behavior is to be willing to invest some money in your education before you start trading in the markets with real money.

How To Enhance Your Day Trading Performance With Candlestick Charts

Are you interested in enhancing your day trading performance? If so, there are a variety of technical analysis tools that you should be familiar with. One in particular is something called a candlestick chart.

Candlestick charts are a essentially a style of bar-chart used primarily to graphically represent price movements of a security, derivative, or currency, over certain period of time.

Candlestick charts are a combination of a line-chart and a bar-chart. A candlestick chart “bar” represents a range of price movement over a given time interval. Candlestick charts are basically a visual aid for day traders to help when it comes to making a decision. For example, when the bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar.

The reason why this particular chart is used by so many professional day traders is because it reveals a lot of information about what’s going on in the market. The simple fact of the matter is that if you want to enhance your day trading performance, you need to be willing to invest some time and money to acquire the tools and knowledge necessary to give you an edge.

When you study what some of the most successful day traders in the market are doing today, you quickly realize that these are people who never stop learning. Not only do they consume a lot of educational materials pertaining to the market, they also make an effort to learn how to use various tools that can give them an edge.

You may be wondering why candlestick charts — or any chart for that matter — would be such a useful tool for a day trader. What you need to keep in mind is the fact that the most profitable trades will only present themselves to those who are able to assimilate as much market information as possible in the shortest period of time.

Given the fact that it’s virtually impossible to track all of the news that revolves around various stocks, currencies, and futures contracts — technical analysis becomes a crucial tool that ultimately gives a day trader the edge necessary to make profitable trades on a more consistent basis.

Think about it this way — what you’re ultimately looking for are sharp movements in the price of the underlying trading vehicle. If you can spot a pocket of momentum that’s developing, that’s when you want to get in and maximize your profits. It’s like a surfer catching a great wave just as it’s starting rise out of the ocean. The candlestick chart reveals all of this information in a simple to understand manner.

To the extent you are truly serious about enhancing your day trading performance, then you definitely owe it to yourself to invest the time and money necessary to learn as much as possible about candlestick charts. You’ll be glad you did.

Beware Of The Dead Cat Bounce When Attempting To Pick A Bottom

One of the biggest challenges faced by day traders when evaluating a candlestick chart is to detect whether or not the true bottom has been established or if what is being witnessed is essentially a dead cat bounce. Let’s take a step back and explain some of this terminology just in case you’re not familiar with it.

Candlestick charts are a essentially a style of bar-chart used primarily to graphically represent price movements of a security, derivative, or currency, over certain period of time. Candlestick charts are a combination of a line-chart and a bar-chart. A candlestick chart “bar” represents a range of price movement over a given time interval. Candlestick charts are basically a visual aid for traders to help when it comes to making a decision.

A dead cat bounce is the term used within the world of technical analysis to describe a scenario wherein a short-term pocket of momentum appears to be the point at which an underlying investment vehicle has bottomed out. However, this bounce in price oftentimes does not last. That’s why it’s referred to as a dead cat bounce. Once the pocket of momentum is extinguished, the price drops back and stays down.

Needless to say, acquiring the knowledge and skills necessary to successfully pick a bottom when using a candlestick chart requires a lot of time and patience. However, one relatively simple trick that you can start using right away to help you avoid a dead cat bounce is to look at the amount of volume that accompanies the pocket of momentum that shows up on the candlestick chart.

In the overwhelming majority of cases, a dead cat bounce will not be accompanied by heavy volume. In addition, the price will typically close near the middle to bottom of the trading range for the day. What you ultimately want to see is some confirmation within the candlestick chart that a true bottom has been established.

The reason why so many inexperienced traders fall into the trap of buying into a dead cat bounce is because they are fearful of missing the bottom. In essence, these individuals lack the patience that more experienced traders have developed over time.

To the extent you happen to be somebody who is seriously interested in learning more about candlestick charts, you definitely owe it to yourself to invest the time and money necessary to acquire the knowledge and skills that will give you the edge you need when making trades.

Don’t make the mistake of assuming that you can learn everything that you need to know about candlestick charts on your own. Save yourself time and money by investing in a high quality candlestick chart course. You’ll be really glad that you did — and the results will show in your trading performance.

Can Candlestick Charts Improve Your Day Trading Performance?

Many people often wonder whether or not candlestick charts can improve their day trading performance. This is a great question given the fact that there are a variety of technical charting tools that successful traders use to help them place profitable trades on a consistent basis. One of those tools, in fact, one of the most IMPORTANT tools, is the candlestick chart.

Before we go any further, let’s describe what we mean when we talk about candlestick charts. Candlestick charts are a essentially a style of bar-chart used primarily to graphically represent price movements of a security, derivative, or currency, over certain period of time.

Candlestick charts are a combination of a line-chart and a bar-chart. For instance, a candlestick chart “bar” represents a range of price movement over a given time interval. Candlestick charts are basically a visual aid for day traders to help when it comes to making a decision. Here’s an easy example… when a bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar.

What you need to keep in mind is that candlestick charts by themselves will not help improve your performance as a day trader. In addition to the charts themselves, you really need to have the knowledge and skills necessary to know how to interpret the information. That’s why serious day traders are willing to invest time and money to learn as much as possible about interpreting candlestick charts.

When you really stop and think about it, the amount of time and money that you spend learning how to use candlestick charts pales in comparison to the amount of money that you have the potential to make once you master how to read and interpret these charts. Don’t make the mistake of assuming that you can figure out how to use candlestick charts like a pro all on your own.

 

candstick

While it’s certainly true that candlestick charts can help improve your day trading performance, that cannot happen unless you’re willing to really get serious about learning as much as possible about candlestick charts.

If you are reading this, there is a reasonable chance you really ARE serious about making a lot of money in the market. That being the case, why not invest in a high-quality candlestick chart course that can give you the knowledge you need to maximize your trading profits?

Once you master candlestick charts, you’ll be able to make trades that are more timely and profitable than ever before. Just imagine what it will feel like to confidently place trades knowing that your odds of success are dramatically higher thanks to your knowledge of chart patterns.

When you look around and study what the most successful day traders in the business are doing, you’ll see that the vast majority of these individuals have invested the time and money necessary to become expert candlestick chart readers. You definitely owe it to yourself to become one too.

Simple & Logical Candlesticks

Many people believe that using candlesticks as an approach to trading is outdated and it can’t possibly extract profits consistently from the markets. I’m not sure that I agree with this view entirely. Personally I don’t see candlestick charting as a direct trading methodology at all, but what I often see is that by taking the standpoint that they don’t work, traders miss out on the strengths which candlesticks offer. Many if not all traders at some point will look at a candlestick chart (or its bar chart equivalent), if not to identify specific candlestick patterns to trade from, then to use as a reference for price history. Whilst so many look at these charts, many traders by not a having a solid understanding of what candlesticks really tell them, are missing out on the extremely useful information which is staring them right in the face.

So what’s this precious information which they show? Apart from the obvious OHLC (Open, High, Low, Close) data for each and every candlestick, they offer a glimpse at how the market has moved. This really is the most vital aspect of candlestick charting and whether or not you want to trade the specific named patterns, it allows you to monitor how the market is moving compared with your expectations.

Let me give you an example. Certain types of candlestick or formation appearing in specific price zones can illustrate market intent. If say the market retests the recent highs, breaks out and yet somehow manages to close back below those highs, there’s likely to have been some strong selling present for this to have been achieved and therefore the market has every chance of a subsequent move lower. It’s market logic that’s of fundamental importance. This is what that logic might look like in the form of candlesticks:

You can even see that the bearish “dark cloud cover” formation is directly equivalent to a “shooting star” candle in this case. It may not be quite as bearish as it happens more slowly over two candles rather than one, but nevertheless it paints a similar picture. Yet these are two well-known examples of bearish formations. What happens if you don’t see these appear? Does it mean that bearish conditions don’t exist? Not necessarily. You wouldn’t have been aware in this particular case had you just been looking at a 5 minute chart on these two days:

However, understanding the principles behind what they’re showing means we can see that on the first it moves higher and rallies into close and then on the second day it opens higher, fails to push up much further and ultimately closes very near to the first day’s open. Realizing that this failure to push higher coupled with a strong reversal would alert a trader to the possibility of an impending reversal.

For me, the key to getting the most out of this centuries old charting method was the realization that formations are just the illustration of important market behaviors such as rejection, continuation or indecision. Specific candlesticks and patterns frame these behaviors very well and train the mind to be more aware of them, so that even when they don’t appear the logic is still clear. In any profession, a sound understanding of the tools at your disposal can be the difference between being quite good and excelling at something. Trading is no different. A trader with a solid understanding of candlestick charting is well positioned to read the rhythm and flow of the markets compared with a trader who simply applies indicators to the very same charts!

Trade well.

Swing Trading With Candlesticks

Swing Trading with CandlesticksThe recent market action has not been kind to long term investors with prices going up and mostly right back down again. But to the swing trader this market volatility has really been nice to trade. Long term holders have seen little increase or worse in their portfolios while the swing trader has been able to take advantage of the ups and downs the market has given us.

Here at Candlestick Trading for Maximum Profits we have been able to take advantage of these price swings to profit both long and short. Candlesticks, coupled with our unique trading system, have really been successful trading these market moves. While candlestick reversal patterns are a great tool to find changes in trends for the longer term trader to ride out they really shine when used to swing trade. [Read more…]

Candlestick Charting Is Much More Than Reversal Patterns

Bullish and bearish engulfing, morning and evening star patterns or the bullish and bearish kicker have become well known among traders everywhere as common candlestick reversal patterns. Yes there’s more but for the purpose of this article I wanted to use these examples to get the juices flowing just a bit knowing that they are some of the most popular patterns to trade. Reversal patterns have become synonymous with candlestick charting but if you’re using them as a tool for trend reversal recognition only you’re missing half of the benefit candlesticks give.

Trend trading is undoubtedly the safest method of active trading. We’ve all heard the old adage; the trend is your friend and it’s as true today as it was when it was first thought or said.  Candlestick reversal patterns, or for the purpose of this article, candlestick patterns can alert the trader to trend continuations with as much reliability as any method available. The best part is it is also one of the simplest methods available today! [Read more…]

Common Sense Candlestick Charting

Candlestick ChartingI’ve become pretty well known for pointing out what I believe is a lot of misinformation about candlestick charting over the years. Too many fly-by-night websites feature articles or even pages of information dedicated to trading with candlesticks without any regard to common sense. Many who write these articles make candlesticks seem like magic and act as if the stock price will simply “obey” candlestick reversal signals and rise or fall accordingly. Well, we all know there is no magic in the stock market and candlesticks are no different.

Candlesticks are a powerful trading system of used with a little common sense. As I teach the students of our course, candlesticks need to be applied with the rules of price action and used at price levels where price reversals or continuations are likely to happen. [Read more…]

Video – Candlestick Charting and Swing Trading

Candlestick Charting VideoIf you were to ask most buy-and-hold traders they would tell you the markets have done very little in the last few months and they probably have seen very little profit. With the ups and downs we’ve seen in the markets it may seem like there has been little profits to be made. A swing trader would tell you a completely different story. A swing trader lives by market volatility and the more volatile the better!

Candlestick charts are probably one of the best tools a swing trader can have in their arsenal. Coupled with our trading system, candlestick patterns allow the trader to enter a trade much earlier than traditional methods of swing trading. Watch as I demonstrate our methods of swing trading in the following video. [Read more…]