Why You're USING Candlesticks INCORRECTLY & How to FIX it!
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- Опубликовано: 19 июн 2024
- In today's video, we're going to address a common issue many traders face: using candlesticks incorrectly. Candlestick charts are a powerful tool, but if you're not using them the right way, you could be missing out on crucial trading opportunities or making costly mistakes. Let's dive into the most common errors and how to fix them to improve your trading game.
In this video, we'll cover:
❌ Common Candlestick Mistakes: Identify the frequent errors traders make when interpreting candlestick patterns and how to avoid them.
🔍 Proper Candlestick Analysis: Learn how to accurately read and analyze candlesticks to make better trading decisions.
📈 Key Candlestick Patterns: A review of the essential candlestick patterns and how to interpret them correctly.
💡 Context Matters: Understand the importance of context when reading candlesticks and how to incorporate it into your analysis.
🛠️ Practical Tips: Actionable tips to enhance your candlestick analysis and improve your overall trading strategy.
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Why Correct Candlestick Usage is Crucial:
Accurate Signals: Proper interpretation of candlesticks can provide accurate buy and sell signals.
Market Sentiment: Candlesticks reflect the market's sentiment, helping you gauge the strength and direction of price movements.
Informed Decisions: Making decisions based on correct candlestick analysis can lead to more profitable trades.
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Disclaimer:
Trading involves significant risk and is not suitable for everyone. The content provided in this video is for educational purposes only and does not constitute financial advice. Always do your own research before making any trading decisions.
Thanks for watching, and happy trading!
#Trading #CandlestickCharts #StockMarket #DayTrading #CandlestickPatterns #LiveTraders #TradingStrategy #TechnicalAnalysis #RiskManagement #ProTraderTips
With trading, technical analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Linda Wilburn’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Keep it up!
Linda Wilburn program is widely available online.
THAT time of the week is NOW!!! 🥂
I appreciate the tough coaching Jared 💯
Some of the best lectures on youtube plus your style of coaching makes you irreplicable. Salute
So nice Jared spends so much time educating traders, so cool there is still a great knowledgeable tested trader who share his expertise for free 👍👏🍷🍻🍺been trading quite a while and I’m a loser, best loser, with the education I learn today, I guess I’m only one trade away ‘to win’ - I can break my years of losing.
Thanks Jared,another brilliant lecture.😊
Jared, All your videos could be categorized as the best! However, this Video and the How to Trade Candle Sticks Like a Pro Are the best for me during this stage of the learning curve. You have so much content posted that just entices a serious, committed novice to jump from one video to the next. I have rewatched and will continue to rewatch these two videos as I have determined that these are the ones that I am finally understanding and putting into my daily trading with growing success. My weekly Sunday evening or early Monday rewatch of either starts my week off. Thank you for sharing your knowledge. Keep shouting, it helps as it plays in my mind before I decide to take a trade.
I really appreciate your in depth explanation of these and the tough love. I really needed this. Thank you as well for splitting this into two. The deciphering of context of price action and candles is really useful to me. Nearly three years in and passed some evaluations in futures trading but haven’t locked in the payout yet. This is the next level of importance I need to apply to my understanding of price and context in multiple time frames.
Thank you sir!!
Quite literally the realest mentor on this entire platform. No bs. No wokeness. Just the facts.
Wow! Another great lecture! TY Jared!
I'm so proud of myself. We still see lower lows. Thanks, Coach!
Love your videos. Thank you. I am so new. I am learning so much. This is all new to me. I am exsorbing like a sponge.
like the lecture.u r really a great teacher.give us the sauce every time.appreciate u
Cant wait for rest. Thank you. You opened my eyes to so much.
Thanks Jared ❤ love from India
Definitely learned more. Just bought a new laptop so I can get a better look at these charts. Really appreciate all the great information!! Keep it coming!!
Thank you Mr. Jared
good video
i also use tim ord volume benchmarking
the market is candle vs candle with volume
What platform do you trade on?. Where can I find your chat when you're trading? Sorry, I am new and learning. Would love to join when I get money saved up. Hanging on your every word. Thank you for these videos
Whattup from NYC I watch every week for years now. Another vital great one
I’m watching and I so want to learn. I want holy grail moments!! I want to understand how to really read the candle charts I want to learn!!
Thank you as always!
Thanks for sharing
Thanks Jared!!!
Cant wait to watch on lunch break!!
Jared, for 3 bar plays, do you use a stop limit/market order for entry? Right now I am just using price alerts and then a manual entry…
yes
Iam listening taking notes
I watch once taking notes. The watch again to listen a second time. Waiting for part 2
Amazing
Gracias Señor 🐸
live traders a good thing
How can you plan too vigorously when the markets gonna do what its gonna do.
Ive develped this much on my check list so far that i know can have durational validity.
Daily bias but what is also the overal direction of price.
Are the highs or the lows being worked..
Have any relevant highs or lows been or close to being breached.
Is there volume at the main times.
Can i identify a high tf trend to ride on.
What is my daily stops limit.
And im still adding as i realise whats relevant and whats not.
1
👍🙏👏💪💪☝️
Bro really asks for participation and then gets a response he doesn’t like and goes off😂.
*"What's the point of being alive if you don't at least try to do something remarkable."* --
Goose sausage No.
thank you hank
😂 Nothing stops this train!
If it breaks through some prior resistance area on volume, this shows commitment from buyers and in showing commitment from buyers your taking out sellers.
I liked how the bottoming tail (90%) engulphing candle failed to break the trend line.
Great Lecture Jared.
✔️🎈⭐🧁☕