The Ultimate Candlestick Patterns Trading Course


hey hey what’s up my friend so welcome
to the ultimate candlestick pattern trading costs right in this course right
you’ll learn how to identify high probability trading setups so you can
profit in boo and bear markets now some of you might be thinking right I’m new
to trading right would this help me I have no idea about candlestick patterns
I don’t know technical analysis don’t worry right because in this course
right I’ll walk you through step by step from A to Z right on how to treat
candlestick patterns even if you have no trading experience and by the end of
this session right I can assure you that you will be able to treat candlestick
patterns like a pro sounds good then let’s begin so now the first thing right
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 okay so when I use the
term session or it can mean different things right if you’re looking at
Candlestick charts on a daily timeframe it means the high of the day if you’re
looking at Candlestick charts on the one-hour time frame it means the high of
the one-hour session okay so it can mean different things depending on the
timeframe you’re looking at we will cover that in more details later so now
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 so
looking at this right you can see that the candles are usually typically two
colors either you know green red or perhaps can be black white right
sometimes you can even no change the color if you want but generally the most
common color is green and red so when you see a green candlestick pattern
right it means that the price has closed higher for the session so you can see
that this is the opening price at this this line over here this is the opening
price this is the closing price and when you see this black shadow over here we
call this a wick right this is the upper wick this is the highest of the session
and this over here is the lows of the session all right this
at this point over here so likewise right on the other hand the rate Calabar
the bearish bar the open is at the opposite side the open now is on top
right over here the open and the close is at a bottom and the lowest of the
session is here over here and the highest of the session is here so the
main difference between a bearish bar and a bullish bar is that the open and
closed already opposite side for a bullish bar it means the prices closed
higher for the session the open is always below the closed for a bearish
bar it means that the price has closed lower for the session and the open has
to be above the closed okay so now let’s try to understand know this candlestick
patterns in more depth so first thing right you’ll notice that is that
candlestick patterns there are two main component to it right one is what we
call the body this portion here is the body right in this green area and this
black shadow thing is what we call the wick right so the body pretty much tells
you right who’s in control so in this case you can see that the buyer is the
opening prices over here and the buyers push price up all the way up higher and
finally closing in this highs of the session however you can neglect this a
shadow as well because what it’s telling you is that there is price rejection
there is you know rejection of higher prices because if you think about this
right this was once the highest of the session so what this tells you is that
at one point in time the sellers actually pushed a price from this highs
down lower right until it price closed over here all right until it closed over
here so if you think about this right this is actually a form of price
rejection right rejection of higher prices so there are two components to a
candlestick pattern the body and the week the third thing that I want you to
know is this right where did the or rather what is the size of the body
relative to the week because you can see over here again you have just a wick and
the body but this time around the message is completely different right if
you look at this candlestick pattern over here it shows that yes the price
did close higher the price open here at this level and it closed
over here right is the close this is the open however if you look at the week
notice the price rejection because at one point in time right the highest of
the session is over here at this point and the only way for the price to
actually close at this level is that a price right has to come all the way down
from the highs and then finally closing and this this level so what does this
tell you it tells you that yes right the bias did push the price up slightly
higher for the session but there was an immense amount of selling pressure a
strong price rejection right that actually pushed the price lower during
the session so you can see that over here this isn’t a very bullish pattern
in fact it’s quite bearish as it shows you that the immense selling pressure by
the sellers okay so you also want you to pay attention to actually these three
things number one is the body number two is the week and number three is the body
relative to the week right the size of the body relative to the week usually if
the wick is much longer than the body it is a sign of price rejection okay so
this is a how you read candlestick patterns just three components the body
the wick and the body relative to the wick so moving on right let’s look at a
few variations right to Candlestick patterns so the first one I think is
something that you are probably you know familiar with the price actually opened
here open then it closed this is the highs this is the lows of the session
this is a closer I quickly see then in terms of the meaning behind it you can
see it’s quite straight forward the price open near the lows it tried to
reach come down lower but rejected then you finally close near the highs at one
point in time I was actually at this level over here meaning the buys way
this level at one point in time and the sellers came in push price slightly
lower and finally closing near the high so it’s a sign of strength how about
this candle you can see that a price open here and it closed over here so
when the market just opened right possibly what happened is that a price
came down lower the sellers were in control then a bias to charge and push
push press all the way back up higher back towards this heist and then finally
the sellers came back in him and you know the market closed at this price
level so generally the meaning behind me is that there is you know indecision in
the markets both buyers and sellers are present right and the Mucky just inched
slightly up higher so if you ask me generally this is what we call an
indecision pattern and if you look at this last candlestick pattern try the
price open here market came down all the way down lower sellers are in control
then the bias took charge and reverse back and finally closing near the highs
so the meaning of this pattern is rejection of lower prices the buyers are
clearly in control okay moving on right just the opposite variation this one I
think I don’t need as much to go through it’s just the opposite to what we have
just shared earlier okay this is instead that this is the selling version of it
so now let’s do a quick recap shall we a candlestick chatter it shows you who’s
in control all right remember I said pay attention to the body the wig and the
body relative to the week that is important as well right because if you
can have a bullish close button if you’re wick is much longer than the body
right it’s still a sign of price rejection okay so moving on candlesticks
on different time frames so earlier right if you recall I say that
candlestick chart can appear on different time frames daily one-hour
whatsoever and if you look at this right this is a candlestick chart on the 16
minutes time frame right which is the one hour so you can see that this means
that every hour one of this bar will be painted right every hour this bar be
painted one hour despise painted one hour later this bar is painted one hour
later this bar is painter so a bar is printed on the screen every one hour and
if you look at this one over here this is the daily time frame okay see this
over here one sorry 1d right means daily right
this means that every single bar is printed after a day so here’s a Monday
there’ll be a bar Tuesday there is one bar Wednesday there is one bar and etc
so this is how candlestick patterns right can form on the different time
frames so now on walk you through something what we call
combining candlestick patterns because candlestick patterns they are
essentially just show you the price of the different sessions and if you think
about this right this can be combined right for example let me share with you
right if you look at this I just imagined and let’s say this is a one
hour candle right the green one is one hour rate one is one hour so now when
you combine these two candlestick pattern this one over here Oh what time
frame is this candle gonna be well one hour plus one hour this will be a two
hour kendo all right and how did this to our candle
come about very simple right a two hour candle simply means right it I didn’t if
I was the high over the last two hours what is the low over the last two hours
the opening price of the first hour and a closing price right at the second hour
simple so if you look at this right this is essentially the open this is the
closed this is the highest let’s call the H and this is the lows right let’s
call it L so you can see that where did we get the open from we get the open
from the first candle because this is the first candle the first hour of the
two hours so this is the open so this is why we have the open over here now where
is the high the high is simply the highest point between these two candles
so in this case the highs between these two candles is pretty much the same so
this is the highest what about the lows the loss is essentially the lowest point
between these two candles between these two one-hour candles and the lower the
low is actually this over here which got this dis and where is the close well the
close is essentially the close of the second candle which is this one over
here this candle close at this price level and that’s why you got this close
so when you combine these two candles this one plus this one you gotta get
this bearish looking price rejection on your chart does it make sense okay let’s
look at some real examples so if you look at this chat right this is the
chart of the one hour time frame okay just pay attention I want you to
pay attention to this two areas right these two candle this one this one and
this one this one briefly visualized in your head right at hey let’s say I’m
gonna move to a two hour time frame right now how will these patterns change
so let me give you five seconds to can I know work on your visualization one two
three four five all right so let’s have a look so you saw those two patterns
earlier it pretty much is reflected like this on a two hour time frame can you
see what happened the two 1-hour candles are simply combined to form the pattern
and you are seeing right now okay let me just go back a little bit so you can see
right this one over here this one plus this one and this one plus this one so
what happens is you get this candlestick pattern over here and this candlestick
pattern over here all right so let’s just to walk you through why is this
green color because the second candle did close higher above the first so if
you look at it this second candle over here it it closed higher above this one
over here so that’s why you got a bullish bullish close okay and similar
for this right this candle it closed right but it
didn’t exceed the open of this candle so that’s why it’s still red on the two
hour time frame as you can see over here and over here okay so by now I hope you
can understand how candlestick patterns can be combined so this is very useful
right when you’re looking at a price chart let’s say the one-hour time frame
and you can you can’t make sense out of it right so you’re gonna see clearly
what you can do is go on to a two hour time frame and things might be different
or you might get a clearer view of what’s happening similarly if you’re on
a four hour time frame you can make sense out of it go up to the eight hour
time frame and things might be clearer for you okay so this is the so-called
usefulness right off combining candlestick pattern second I know
just understanding what’s going on on the big picture so now how not to trick
candlestick patterns right so like no you’re not
we candlestick patterns even not to combine them how do you not treat
candlestick patterns because this is a mistake right I see many new traders
make because you know as I’ve said right earlier you recall that I see there if
the candle is green it means bullish if the candle is red it means bearish right
the price is close lower so what traders would do is that you
look at a chart and they find a series of green candles and it go long for
example they see over here what many candles green over here bullish bullish
let me buy it so bullish to go along and bam MA
reverse similarly ready look at the chat oh it’s so Barry’s right Rick and little
Rick and the brainless aids you know selling a cellar sign control I should
go along bum market reverse right or if they look at you know this green kennel
oh you know rejection of a rejection of lower prices this Kendall right let me
go long Pam mark in Reverse what’s going on right why why is that so so I’ll
explain why surely but first right how the message I’m trying to bring over
here is that you don’t want to treat candlestick patterns in isolation what
is isolation it means right you know what a trick candlestick patterns by in
itself just because the candlestick is green it doesn’t mean you go long just
because it’s great doesn’t mean you go short that’s what I mean by isolation so
don’t treat candlestick patterns in this manner okay so just a quick recap right
Candlestick charts it can be combined as I’ve shared with you earlier and also
you don’t want a trick candlestick patterns in isolation so now you might
be wondering okay Rana so how should I treat candlestick patterns right so
let’s talk about that so how should you treat candlestick patterns I would like
to introduce to you something what I call the K framework the Taytay
framework all right so what is Tay Tay stands for Train right is area of value
and E stands for entry trigger okay so when you want to trick candlestick
patterns right remember these three things the trend the area of value and
the entry trigger so now before I can you know dive into this framework and
this methodology right I need to explain to you what is entry trigger okay so to
do so right I would say candlestick patterns are very useful and powerful
entry trigger into a tray so before we can go into this framework right let me
share with you right five powerful five powerful candlestick patterns right that
can serve as an entry trigger and once we’ve learned that right we can look at
this framework and see how we can actually find high probability trading
setups in the market okay so moving on the first candlestick pattern that I
want you to know is the engulfing so 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 here from here in
the open and the close it has engulfed the body of the previous candle so this
is the previous candle let’s call it number one and it’s number two right you
can see that the engulfing candle bullish engulfing candle has actually
covered the entire body of the first candle so this is why we call it the
bullish engulfing pattern because the meaning behind it is that if you look at
the charts right first candle sellers are in control the open over here and it
close near the loose on a second candle the buyers are
somehow on steroids I pump the ready on steroids ready open near the lows and
you finally push price up all the way up near the highs over here they are
freakin on steroids right this is open and this is the closed so this is a sign
of strength right let’s see it shows you that the bias have reversed all the
selling pressure and more so this is why it’s called a bullish engulfing pattern
right firstly engulfed the body of the previous candle and it’s a sign of
strength as a bias have pushed price higher and even closing above the highs
of the previous candle the other pattern is what we call the bearish engulfing
patterns just the opposite right you can see that the first kind over here is
bullish bias are in control open here and closing near the highs but a mix
candle sell us to Chechens smash the price lower right they open near the
highs as well but they took charge and finally push price lower and closing
near the lows over here so this is a bearish engulfing pattern telling you
know what sellers are in control okay so this is the first pattern I want to
share with you the engulfing pattern and it’s very useful to identify no market
reversals the next one hammer and shooting star all right 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 be 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 if you look at this right the
price open here and at one point in time when the sellers were actually in
control push
price lower near the lows of this session near the lows of this session
and then the bias came in to just hey hey this is enough man I’m coming in
right they push price all the way up higher and finally closing near the
highs right so this is a sign of strength right rejection of lower prices
so this is what a hammer means on the other hand right the shooting star is
just the opposite right it’s showing you rejection of higher prices if you look
at this right the price open here bias took Church push the price up higher but
then hey you know sellers suddenly came in and push the price down maybe you
know detainment it prices too high you know it can’t go any higher this cell
they shot the market and a market collapse lower finally closing near the
lows so this is a rejection of higher prices right these two patterns again
all right are you try to help you identify market reversals dragonfly and
a gravestone doji right sounds a handful but really dependent 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 because if you
look at it right it’s actually very similar to the hammer and shooting
started you’ve seen earlier right let me just go back a little bit hammer
shooting star dragonfly doji gravestone doji so now
let me ask you what is the difference between the hammer and shooting star and
the Dragonfly and gravestone doji if you think about this right the only
difference is the doji doesn’t have a body there is no body right what it just
shows you is just the price rejection so this component over here is the
rejection of lower prices this component over here is the rejection of higher
prices so if you think about this right even though the price is opening close
at the same level it doesn’t mean that the market is undecided because the
market has actually tilt its Henn right because at one point the sellers were in
control pushing price down lower and then the bias came in right and took
charge and finally push up all the way up higher and closing near where it open
exit level so this is a sign of strength rejection of higher rejection of lower
prices and this just the opposite right price open at
this level bias to judge push the price up higher and then seller smash the
price down lower closing at the same level okay so this is a rejection of
lower prices rejection of higher prices moving on right morning and evening star
right star let’s look at the star so this is a morning star so you can see
that this is a somewhat similar to the engulfing pattern but with a slight
variation to it first candle sell uh sign control open over here and closing
near the lows second candle which is this dodgy looking candle is indecision
right because the market opened and closed at the same level because if you
if you read this uh candlestick pattern what is telling you there’s the opening
a close are at the same level market at one point in time right this was the
height of the session and at one point in time this is the lows of the session
so eventually right the highs and lows the market actually know when back to do
where it open right so it’s telling that there is someone in decision indecision
in the markets and then finally right the third candle prize open and push up
all the way up higher and finally closing near the highs so if you look at
the price section of this candlestick pattern or if you think about this is
like first candle sellers Inc are in control push the price lower second
candle buyers and sellers there include in equilibrium cannot designer who gets
the advantage so they’re pretty much closer at the same level candle by a
step in right and say hey you know I mean Josh boom price close near the
heist so that’s the meaning behind the a Morningstar
it’s a bullish reversal pattern and the evening star is just the opposite right
first candle buyers are in control closing near the heights second candle
indecision right Candace I know whether you know go up will go down so that’s
why they closed in the same level where they open on this disc and over here
opening close say the same level and Kendall Morningstar right sorry
bears come in and push price lower closing near the lows so this is what we
call an evening star a bearish reversal pattern and finally tweezer top and
bottom right so a tweezer top right is this one over here okay so this is
actually a tweezer bottom so let’s talk about tweezer bottom first twist the
bottom basically right it’s a it’s a offseason
because it’s actually showing you right rejection of lower prices two times
right first rejection second rejection right so if you look at the price
section again price open over here at one point in time right the sellers came
down all the way down lower tried em by a step in push price higher and closing
year then the next can know the price open at this level cell let’s try to
push price lower once again right near the lowest rate you did previously over
here couldn’t exceed the lows just couldn’t push price lower then the
buyers stepped in and finally closing and the highs so this is a sign of
strength right rejection of lower prices in fact you rejected the price says
twice right so this is a quite a strong pattern right shows you two times the
price of rejection and on the other hand right this is a tweezer top right you
can see that over here price open over here and closed here at one point in
time it was at the height of this session before the sellers did push
price quite a bit finally closing near this middle of the range of the candle
then the next candle the price open here and the buyers quickly took charge God
rejected in the same level or around the same level again before the sellers come
in pushed the price lower and finally closing near the low so again two times
the price rejection rejection of higher prices so this is a bearish reversal
pattern so now that you understand right the five powerful candlestick patterns
how does this fit into the teh framework right remember the T right trend area of
value and the entry trigger so now we 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 like this means
that we have to use other factors or other market conditions right to look
for before we wait for our entry trigger and the conditions that we look for is
the K framework that trend and area of value and finally the entry trigger so
firstly right the trend so what we are looking for is that if the price is
above the 200 ma we will have a long bias this means that we want to be a
buyer in this market condition if the price is below the 200 MA
we’ll have a shot buyers this means that we will only be looking to shop right so
understand that when I define the trainer it doesn’t mean that just
because the price is above the 200 period moving average it doesn’t mean
you go along immediately no no no this is just to give you a bias a permission
that hey you know now it’s time to be buying now it’s time to be looking for
buying opportunities okay so now that we have defined the trend a second thing we
want to look for is area of value right you wanna get a trait from an area of
value when you go to a supermarket you don’t be buying apples right when you’re
selling tree apples for $30 you want to be buying apples at 3 for $1 3 for $2
right getting value out of it and it’s the same for trading right when you want
to buy trip from an area of value so an area of value could be stuff like
support and resistance moving average trendline channels etc etc so I’m just
gonna give you a few examples over here area of value and the third thing is
where we look for the entry trigger to enter the trade like for example the
candlestick patterns you’ve seen earlier engulfing pattern tweezer tops and
bottoms you know and etc okay so now using this framework we can then
formulate trading strategies right to profit in pull and bear markets so
remember the first thing we are looking for the trend right if it’s an uptrend
we will only look to buy and we’ll buy it either area of support moving average
or upward trend line and then we look for an entry trigger right the entry
trigger would be a bullish reversal pattern like a hammer a bullish
engulfing pattern right a dragonfly doji in a cetera does it make sense okay so
now let’s have a look at a few examples to kind of know bring in this concept
together bring all these concepts together example one so you can see over
here right I don’t have the 200ma on the chart right but needless to say the
trend is down right because you can see that the market is moving from up to
down so it’s a downtrend then we saw that you know the price came
into this area of resistance right the way the price of rejected wants twice in
a third time and at that time over here you’ve got this entry trigger so number
one you look right you have the trend what is the trend the trend is down
number two do you have the area of value yes you do right this is the area of
value we’re at resistance right and I’m tree do you have your entry trigger
let’s call it e entry trigger yes you do have right this is a shooting star
rejection of higher prices so can you seen it now you’re not
trading candlestick patterns in isolation
now you’re trading candlestick patterns in the context of the market meaning
you’re trading candlestick patterns right based on you know market structure
based on the trend this actually increased the probability of your trade
working out so you can see that over here right shooting star occurred at
resistance in a downtrend okay and the market did continue slightly lower so
one thing to point out is that the examples I showed you right are all
pretty much winning trades but in reality right you won’t get all winning
trades you will probably meet you know 50 percent winners 50 percent losers
again the reason why I share winning trades because it’s easier to illustrate
the concept but again those chart or rather the chance you are seeing right
now this are cherry-pick I admit right to illustrate the point I’m trying to
make a cross but in a real wall of trading right you won’t have hundred
percent winners somewhere along 50% 55% winners so this is something that you
must a kind of asset and embrace okay so this is the first example second example
right what is the trend of one what is the trend train is well down right down
train or I can see that the prices coming down lower number two where is
the area of value this time around the area of value is a moving average this
is the 50 period moving average is acting as a dynamic resistance I’m a
tree what is your entry trigger this time wrong we have this a bearish
engulfing pattern I noticed this over here market closed higher second candle
smash lower closing you’re the low so this is what we call a bearish engulfing
pattern right so we have treating someone train area of value and entry
trigger and we can go short now having our stops above this high somewhere here
right and the market to see if the market can continue lower so now you can
see that hey you know we’re all trading with something that that kind of makes
sense right based on what the market is telling you we’re not just trading these
patterns blindly in isolation example 3 alright look at this right ask yourself
again what is the trend what what is the Train
well uptrend right series of higher highs and higher lows if you can’t see
this right just pull out your 200 ma right and chances are this one the price
will be above the 200 ma so anyway the trend is up second thing area of value
do we have an area of value to treat from well seems like it right because
the price has been respecting me 50m in here here
here and here okay so number three entry trigger do we have an entry trigger well
seems like it right we have a bullish engulfing pattern over here a sign of
reversal rejection of rejection of lower prices right price closed higher
engulfing be for a scandal here as well price open and enclose higher above the
first candle another bullish engulfing pattern so this is a bullish reversal
pattern then you can go long right not a bullish reversal pattern then you
can go long and again we are not going long just because we see a bullish
reversal pattern we go along because it’s in an uptrend from an area of value
right let’s have a look at another example this time round right what is
the Train again what is the trend one look it’s an uptrend number two area of
value where is it right if you look at the area of value we have this actually
this trend line support so this time round it’s not it’s not a moving average
or support right it’s a trend line upward trend line so you can see that
over here in fact if you look closely this over here right you can actually
plot a level over here it’s what we call a previous support that EGIS resistance
this one and on top of it you have the confluence of a trend line so your area
of value now is there are two things right I’m just call it x 2 1 is the
trend line upward trend line support and the other one is the previous resistance
again support right so this is strong area of value the third thing what do we
have all these engulfing pattern right we have this right so this is your entry
trigger again the Tay framework is met right uptrend area of value entry
trigger right this bullish engulfing is a bullish reversal pattern ok another
example right I really want to do hammer in this consumer right so once you can
apply it right I would say that you know you can start finding right much higher
probability trading setups instead of you know just blindly trading these
patterns so again number one what is the trend well down trend right number two
area of value what is the area of value this one over here right resistance
previous support acting as resistance resistance okay number three what is the
entry trigger I think we’ve got something called knee tweezer top right
as you can see that the price rejected the highs over here one time then you
rejected here second time right and finally closing
near the loo so this is a tweezer top Barry’s reversal pattern traders can
look to go shot and stop-loss right I typically set it a distance away from
the high side I want to set it immediately directly above the highest
because sometimes the market can just spike up higher and then reverse lower
alright so usually I give it some buffer put it somewhere here right if you
notice I have not talking about target profits yet because this entire cost is
about Candlestick patterns I don’t want to go into trade management and target
profits if not your run right for a few hours right
but generally right if you are a swing trader what you can do is to capture the
swing look to take profits right before the set before the buying pressure comes
in so now you’re looking to shop you want to take profits right before where
buyers would step in and push price higher so if you look at it right where
will bias come in right bias chances are they will come in right in this area of
support so you may want to take profits right before this area of support okay
so say your stop-loss is here your entry is somewhere here right and your target
right could be somewhere here before the area of support so t p is for entry and
s is for a stop loss all right stop-loss entry target profit so this is something
right you know how we can go about trading this particular market right so
this is for swing trading for position trading what you can do just drill your
stop-loss so I can use a moving average like a 20-period moving average to
trillium stop-loss if the price closes above the 20 ma you exit the trade or in
this case right if the price breaks and close above the previous candle high you
exit the trade as well so in this case right Kendall did this candle over here
break and close above this previous candle high so you exit somewhere here
so depending where you capture a swing or write a trend your trade management
will differ accordingly okay so but it’s a video for another time but just to
give you a brief introduction into you know trade management and exits example
six all right let’s have a look again right so again at a framework number one
what is the trend tell me right the trend is down number two do we have an
area of value where we can trade from right seems like the market is
respecting this are 50 ma all right and then 30 do we have a valid entry
trigger to trade from oh yes we have an evening star right price close higher
decision Kendall and in smash lower reverse in the other lows so now Weaver
the trend downtrend area of value 50 MA and entry trigger is this evening star
bearish reversal pattern okay one final example to really hammer home right
bumper mama mom the concepts that you’ve learned today
number one what is the trend Kranitz downtrend
okay number two are we trading from an area of value yes we are previous
support I guess resistance okay number three do
we have a valid entry trigger to go short hey what is this this looks like
an evening star alright so evening star right market closed higher ii can know
somewhat of an indecision candle and entered candle market closed lower
alright so yes we have all this three criteria so min so one thing to point
out right is that earlier you’ve seen that the I’ve shared with you the
different reversal candlestick patterns and if you notice right the evening star
looks slightly different from what I shared earlier what I said earlier if
you recall this middle candle shows a doji where the price opening close at
the same level right where is this one over here there’s actually a slight body
where the price did close higher slightly and this is important because
what I share with your earlier the so-called textbook patterns right there
are always variations to it in the live market so this is why it’s so important
to understand the candlestick patterns not by memorizing patterns right but
understanding right what each candle mean by looking at the wick the body and
ready the body close relative to the wick so this is why I keep hammering
that point earlier the 3-pointer body the wick and where the price close right
for the body relative to the wick okay so because in the real world of trading
you won’t get this textbook examples right you won’t get you know the opening
close at this exact same price level sometimes gonna be a slightly higher
open sometimes gonna be a slightly lower closer and stuff I mean you gotta
understand right nuances and variations they can come with it right same for
that you know tweezer tops and bottoms if you see earlier the tweezer tops
right that takes for example I share the highs right were able an exact same
level but for this example or this one the second candle the highest actually
exceeded the first candle again there are always variations to it so if you’re
a top of you know die die you know memorize the
patterns then you couldn’t have a really hard time because the market will not
give you the exact textbook setup it’s always comes in all variations slight
nuances and changes along so you have to be prepared and you know really know how
to read candlestick patterns so that’s why we spend some time right talking
about reading candlestick patterns in the earlier part of the video okay so
with that Citra let’s see oK we’ve covered this alright let’s do a quick
recap shall we whatever so far we’ve spoken about the
TAFE rainwork right in the trend area of value and entry trigger right you look
for these three things right you can’t find
high probability trading setups in boom markets and bear markets there is spoke
about the candlestick patterns that you might want to pay attention to the N
golfing pattern the hammer shooting star doji tweezer tops and bottoms and
morning and evening star okay so so now alright that’s pretty much what we have
covered so give me a moment let me check so yeah that’s a recap and
really if you want to learn more okay you found a learn more about what I do
what I recommend is you know you can go down to my website trading with rainy or
calm okay if you can’t find it this is it right you can go down to my website
trading with rain or calm over here the link right and you found a little mobile
the strategies and techniques that I used to create the markets going
download these two free trading guys okay the lingo just so over here I just
go down to my website click this blue button this one will share with you on
techniques on how to write massive trends in the market remember we didn’t
have time to talk about you know trailing stop loss and exit so this book
over here will talk about how you can go about writing trends in the market for
price action trading right in the ultimate guide to price action trading
this one will share with you on how you can better read the markets and better
time your entries and exits pretty much similar to what you have learnt today
but in a more in-depth manner so go to my website download these two trading
guides click this blue button and I’ll send it to your email address for free
okay so that’s it I’ve come to the end of this presentation I hope you’ve
enjoyed it and if you really do please write hit the like button smash it bam
bam bam bam right and subscribe to my youtube channel so you always be updated
whenever I publish content like this and finally
any questions or feedback let me know below and I’ll do my best to help so
with that cigarette I hope you got value out of this presentation I wish you good
luck and good trading and I’ll talk to you soon you

97 thoughts on “The Ultimate Candlestick Patterns Trading Course”

  1. Do you want to read the price action of the markets like a professional trader?

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    You’ll learn how to better time your entries, “predict” marketing turning points, identify explosive breakout trades about to happen, and much more…

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  2. i'm confused. why would the buyers push the prices higher and why would the sellers push the prices lower? Shouldn't it be the other way around. please help. I'm new to trading. thanks

  3. I can understand everything and what it all means I just don't know how to use it on a live chart or when I'm scanning… Like I can scan previous charts but I can't do the same for live charts.

  4. Can you please make a video on how to create custom studies in trading view charting library. If you see the github code.

  5. Very confusing for a beginner there are a lot of candles sticks to analyze, and choice .which of which….

  6. That was the best video i had ever watch about candlestick pattern…no schools and institutions are teaching in such detailed manner..thank you so much Sir..i hit that like and subscribe button with a smile on my face..boom boom..love from India 🙂

  7. I have a question so let’s say a candle goes up really high and then comes back down would the shadow stay at the highest point of the graph

  8. Seriously….thank you a million times over. Your time and efforts are appreciated beyond words!

  9. Thank you so much Rayner! I've learned a lot from your video about candlestick patterns. I am starting to learn how to trade so understanding patterns is very important to me. I am a new subscriber here. 🙂

  10. Hi Rayner, When you look at the bar prior to the reversal you highlight, there are many red candles that look the same. Surely these would be where you would buy in (too early) based on reversal candle.

  11. Katherine Summer excellent trader, i was so lost till i found her on IG i lost $2500 to a brokerage but since i have been trading with her things has changed for the better.

  12. As others have done, I have also had to pause the video to thank you a million times for such an informative video. I’m blown away. I paid money for a course, not a lot, but still, and you explain this soooooooooo much better! You’ve gained another sub! God bless you for all this knowledge you have shared with us!

  13. You literally just taught me my first thing about anything that has to do with Fx and I’m pumped to learn more omg 😱😱🤗

  14. lovin this breakdown and have sub, armed with the right tools and rules people are empowered and you are defiantly empowering me

  15. I have seen many of ur videos. But what i didn't understand is whether the strategies u provide apply to all tyoes of markets or specific ones. What if the time frame is only 5 min or fifteen min, do these strategies still apply? (I'm a biginner )Thank you so much. Great effort!

  16. Thanks for this great video 👌What is more bullish usually, a hammer or an inverted hammer candlestick pattern?

  17. Ray, your Candlestick Patterns were well explained and clear! Also, thanks for the free books. I will read and try to understand it.

  18. Thank you for helping me understand things that gave me a headache and I still hadn't been able to understand. I am subscribed, you won my favor brother…..thanks again👍👍

  19. Thank you Thank you Thank you for taking time to explain this to us. You are a really good teacher and you are doing this for free. You know what I will pray for your well Being. Hope you get all the things you want in life 🙂 Love you man. 🙂

  20. Seems easy but there's very lot of complication on earning $50 per day is quite impressive and also can cause u loss?

  21. I appreciate your teaching the different candle patterns. However, keep in mind that it's very easy to show and teach after the fact. Meaning that it has already happened. Now, if you can teach it like Nial Fuller where he teaches Price Action movement of the candlestick, in real time, while Live trading then you've really taught the masses on how to read and trade on the candlesticks. You would be the Nostradamus of Trading. That's said, awesome job!

  22. You are very good at breaking down jargon and explaining things in such way that the un-initiated can understand.

  23. The best video I have watched on candlestick patterns for beginners. I feel, the content you are giving away here are chargeable premium content!!!

  24. I’m sorry if this is is a stupid question but everything was clear you started saying “200mm” what exactly does that mean and how does that affect the reading of the charts?

  25. Dear Rayner, the chart you use in eg 1 to eg 7, is it a daily chart or monthly chart? How about the Candle, 5 min Candle or 1 day Candle? Thank.

  26. Recently for the security and portfolio management subject(part of my MBA), we came across the technical analysis and the candlestick was one of them, our professor didn't even explain 10% of what you did. she was like "this is a Japanese thing.." and some theory without giving any sort of illustration. I was always keen to learn about Securities trading ever since my grandpa introduced me to it. thanks for helping me and many others out there to learn the proper way. You should think about a career in teaching.

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