This is a free candlestick patterns course. In this course you will understand the many candlestick patterns, their advantages and disadvantages as a trading technique.
In this free candlestick patterns course, you will begin to understand how this technique works, and how to analyze and interpret each of the most frequently used and relevant candlestick patterns. This is a course primarily designed for beginners to understand the rationale of the technique, but intermediate and more advanced traders can also benefit by learning the inherent flaws of the technique, which opens the door to more advanced and refined trading techniques.
Candlestick patterns are a subset of price action analysis, and it can be used for day trading or swing trading. It can also be used in forex trading, option trading, stock trading. Candlestick reversal patterns and continuation patterns appear in the same ways in all markets and timeframes. In this course, we look from the very basic patterns up until the more complex ones that have a more nuanced interpretation.
The motivation for this course is in the fact that many traders neglect the flaws of the technique, and because of that, they approach it in the wrong way. Candlestick patterns are considered to be basic knowledge of technical analysis, and they serve more as a gateway for more advanced ideas that can only be appreciated once the trader apprehend the flaws contained in this technique.
THIS VIDEO IS FOR EDUCATIONAL PURPOSES ONLY. The information contained in this video is NOT a recommendation to buy or sell securities, nor an offer to buy or sell securities. Trade at your own risk.
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Enjoyed this video? Check out more videos about predictive analysis:
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In this video, Steven shares some advanced structure trading techniques for the Forex market and a few key steps to building a Forex trading strategy.
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BIO
Steven Hart –
Steven was recognized as a top 30 Trading educator on YouTube by the very critical feedspot.com.
Link – https://blog.feedspot.com/trading_you…
He became a self-made professional trader at 20 years old. Today he is the “Honest Trading Coach” to hundreds of thousands of traders around the world.
He is the founder and CEO of The Trading Channel.
For over 9 years Steven has studied the science of trading and psychology. This combination allows him to not only be an incredible trader, but a very understandable teacher as well.
He has developed numerous rules-based trading systems and strategies that are used by top traders around the world.
Today, Steven is on a mission to help 1,000 traders become independently profitable over the next 12 months. Will you be one of them?
0:50 To get started is what is a candlestick pattern? Okay, so a candlestick pattern is essentially a method, right? Of reading a price chart. It originated back in Japan, right? That’s the history. And the key component of a candlestick chart is that it shows you four things. It shows you the opening price, the price, the high of the session, the low of the session and the closing price,
2:00 How do you read a candlestick pattern? Or how do you read a candlestick chart? So remember there are only four things, the open, the high, the low, and the close. You can see that the candles are usually typically two colors, either you know, green, red, or perhaps it can be black, white. Sometimes you can even you know, change the color if you want, but generally, the most common color is green and red.
9:00 So now, I want to walk you through something what we call combining candlestick patterns. Because candlestick patterns, they are essentially just showing you the price of the different sessions. And if you think about this, right? This can be combined, right?
12:48 So now, how not to trade candlestick patterns, right? So now you know how to read candlestick pattern, you even know how to combine them, how do you not trade candlestick patterns? Because this is a mistake.
15:00 So how should you trade candlestick patterns? I would like to introduce to you something what I call the TAE framework. The TAE TAE framework, alright? So what is TAE? TAE stands for Trend, right? A is Area of value, and E stands for Entry trigger.
16:00 The engulfing pattern, right? This is the so called the theory behind it, right? So you can see that this green candle over here is what we call the bullish engulfing pattern. Why is that? Because if you look at it, right? The body of the green candle which is the… From here in the open and the close, it has engulfed the body of the previous candle.
18:00 Hammer and shooting star. Alright, so let’s have a look at the hammer. So the hammer is something that you might be familiar with because you saw earlier, right? The earlier examples. So the hammer is a bullish reversal, because it’s actually showing you price rejection in the market. In fact, it’s rejection of lower prices.
19:20 Dragonfly and a Gravestone Doji, right? Sounds a handful but really the method is very similar to the hammer and shooting star. The only difference, right? Is that now this Doji. Doji simply means, right? A indecision in the markets. But for Dragonfly and Gravestone Doji, it’s a sign of price rejection.
20:45 Morning and evening star. Red star, let’s look at the star. So this is a morning star, so you can see that this is somewhat similar to the engulfing pattern, but with a slight variation to it. First candle, sellers are in control. Open over here and closing near the lows.
23:00 Finally Tweezer Top and Bottom, right? So a Tweezer Top, right? Is this one over here, okay? So this actually a Tweezer Bottom.
24:26 How does this fit into the TAE framework, right? Remember the TAE, right? Trend, Area of value, and the Entry trigger. So now we have really settle the entry trigger portion because the reversal patterns that you have seen earlier, those are entry triggers that you can use to enter the trade. But before you, you know, you trade it right? Remember we said, right? Don’t trade it in isolation. This means that we have to use other factors or other market conditions, right?
** FREE TRADING STRATEGY GUIDES **
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Swing Trading is a style of trading that consists of trades being held longer than day trades, but not as long as long term investments. Swing Trading can provide great profit potential if done correctly. In this video, I will be explaining ALL YOU NEED TO KNOW about swing trading. Enjoy!
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If you have questions regarding any of the course material above, then email us at support@thetradingchannel.net
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Full Strategy Videos –
Double Top/Bottom Entry Video – https://youtu.be/6rqfqC79DTY
5 – Wick Rejection Entry Video – https://youtu.be/J1JmNaqLzNM
CLICK HERE TO SUBSCRIBE TO STEVEN’S YOUTUBE CHANNEL NOW:
https://www.youtube.com/channel/UCGL9ubdGcvZh_dvSV2z1hoQ
————————————-
Enjoyed this video? Check out more videos about predictive analysis:
The #1 Trend Trading Technique Of All Time:
The ULTIMATE Beginners Guide To Reading a Candlestick Chart:
over 2.4 million views…
How To Identify Powerful Support/Resistance:
Over 839,000 views
The ULTIMATE Beginner’s Guide to Price Action Trading:
Predictive Analysis 101 For Beginners:
Using Structure to Defeat the Markets:
Learn to Master Technical Analysis/ Price Action Trading:
Top 2 Best Currency Trading Indicators:
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In this video, Steven shares what currency pairs you should focus on if you are a beginner in Forex Trading.
———————————–
BIO
Steven Hart –
Steven was recognized as a top 15 Trading educator on YouTube by the very critical feedspot.com.
Link – https://blog.feedspot.com/trading_you…
He became a self-made professional trader at 20 years old. Today he is the “Honest Trading Coach” to hundreds of thousands of traders around the world.
He is the founder and CEO of The Trading Channel.
For over a decade, Steven has studied the science of trading and psychology. This combination allows him to not only be an incredible trader, but a very understandable teacher as well.
He has developed numerous rules-based trading systems and strategies that are used by top traders around the world.
Today, Steven is on a mission to help 1,000 traders become independently profitable over the next 12 months. Will you be one of them?
—————-
JOIN US IN OUR LATEST FREE TRAINING:
Link – https://thetradingchannel.org/optin
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OTHER LINKS:
Intro music provided by – https://www.youtube.com/user/ThisIsTh…
Song link – https://www.youtube.com/watch?v=2Ax_E…
Outro music provided by – TULE – Fearless pt.II (feat. Chris Linton) [NCS Release]
Song link – https://youtu.be/S19UcWdOA-I
#supportandresistance#fx#forex Video Rating: / 5
Pullbacks are simply one of the easiest and best ways to make money in any financial market. That is why in todays video I am going to show you 3 different pullback trading strategies for 3 different pullback types. This way next time you see a pullback, you will know exactly how to handle it! Enjoy!
VIP EAP Mentorship Program – www.eaptrainingprogram.com
Pro Trader Report – https://protraderreport.com/ptr
FREE 3 Part Reversal Series – https://goo.gl/QKaxzV
If you have questions regarding any of the course material above, then email us at support@thetradingchannel.net
———————————–
Full Strategy Videos –
Double Top/Bottom Entry Video – https://youtu.be/6rqfqC79DTY
5 – Wick Rejection Entry Video – https://youtu.be/J1JmNaqLzNM
CLICK HERE TO SUBSCRIBE TO STEVEN’S YOUTUBE CHANNEL NOW:
https://www.youtube.com/channel/UCGL9ubdGcvZh_dvSV2z1hoQ
————————————-
Enjoyed this video? Check out more videos about predictive analysis:
The #1 Trend Trading Technique Of All Time:
The ULTIMATE Beginners Guide To Reading a Candlestick Chart:
over 2.4 million views…
How To Identify Powerful Support/Resistance:
Over 839,000 views
The ULTIMATE Beginner’s Guide to Price Action Trading:
Predictive Analysis 101 For Beginners:
Using Structure to Defeat the Markets:
Learn to Master Technical Analysis/ Price Action Trading:
Top 2 Best Currency Trading Indicators:
*****
In this video, Steven shares what currency pairs you should focus on if you are a beginner in Forex Trading.
———————————–
BIO
Steven Hart –
Steven was recognized as a top 15 Trading educator on YouTube by the very critical feedspot.com.
Link – https://blog.feedspot.com/trading_you…
He became a self-made professional trader at 20 years old. Today he is the “Honest Trading Coach” to hundreds of thousands of traders around the world.
He is the founder and CEO of The Trading Channel.
For over a decade, Steven has studied the science of trading and psychology. This combination allows him to not only be an incredible trader, but a very understandable teacher as well.
He has developed numerous rules-based trading systems and strategies that are used by top traders around the world.
Today, Steven is on a mission to help 1,000 traders become independently profitable over the next 12 months. Will you be one of them?
—————-
JOIN US IN OUR LATEST FREE TRAINING:
Link – https://thetradingchannel.org/optin
———————————–
OTHER LINKS:
Intro music provided by – https://www.youtube.com/user/ThisIsTh…
Song link – https://www.youtube.com/watch?v=2Ax_E…
Outro music provided by – TULE – Fearless pt.II (feat. Chris Linton) [NCS Release]
