DO CANDLESTICK PATTERNS WORK!? 📈☝️

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How reliable are candlesticks? Are candlestick patterns useful? Are candlestick patterns reliable? Do candlestick patterns still work? It depends. Candlesticks are good to giving us an insight into what's happening in the markets. But let's be frank here; they can be useless in the wrong market conditions. OK.P

- News
- Urgency
- Supply/Demand
- Time
- Conditions

Do the Japanese candlestick charting techniques really work? And if they do why do candlestick patterns work?

If there is news or urgency people will get less sensitive to price and more sensitive to speed so candlesticks won't help a lot in such instances. Who is on the other side of the trade? Who is competing against you? If you use condlesticks in the right context they can be very powerful, if not they can be almost useless.

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[ukspreadbetting]

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[ihsanefaiq]

It's about timing and where they happen

[pippacarron]

Check out the pin bars on UK daily FX charts for 20 August 2021 for GBP/CAD, CAD/JPY, CAD/CHF and USD/CAD. You don't get much sweeter entry candle patterns than those. Great video Mark, as usual, thanks.

[krzysztofsosnowski]

Hello if I may suggest a video as a continuation of this topic. While trading indices futures that have pre trade and post trade often ask myself if I should consider that time for analysis. Do I have to focus on the time the cash market is open. Often it is not possible on platform. Therefore the question is do these key levels really matter in case of price respond if they were formed at pre or post trading. Thank you

[krist]

This is so true!! Thank you for sharing!!!

[mpendulolukhele]

Thank you for such valuable information how can one trade using news

[slumz]

Can you do another video about risk on and off pairs, correlation and hedging

[laurenth]

My opinion about the Euro, is bearish.... because it's a squeeze. I mean since the 8th, it's a squeeze.

[LukaszAdams]

Every thing works on market. Ok mayby almost every thing but not always.

[laurenth]

Not very reliable, maybe doji on H4... Yesterday was the first day i didn't trade, while i could, since years... i was exhausted. Even on Sunday i watched charts... but also i was not interested in this little move, there was no real enthusiasm, and EURUSD is going no where. There is not enough spikes and so on. So the up move, what for ? I'm waiting to see something big to happen. Not scalping.

[mohamadalikolahdouzmohamad]

one can simply use stochastic cross instead of these subjective random patterns...

[ganesh_professional_investors]

Sir one small suggestion from your fan from india.

Please keep the videos as small as you can like this, So that your good content can reach many..!!!

[itshimdawgz]

The best way to use candle pattern is not using it!