Post
Topic
Board Trading Discussion
Re: Are candlestick patterns overrated?
by
Taskford
on 19/08/2022, 11:14:35 UTC
Ok so when i started with trading I try to learn so much about candlestick patterns but when i started looking at other traders on YouTube and even generally online I hardly see anyone even consider them while trading yeah they might look at color of candle but that's all. Specially those advance candlestick patterns like rising soldiers and all that, I don't even remember anyone even mention them once while trading or in any tutorial. So my question is for trading veterans here do they use it or is it really overrated thing which serve no purpose in real time trading?

It's not overrated maybe you are just expecting that you can get 100% result on what you are seeing. Candle stick is just a guide so maybe don't look at it as a money machine for you since even if you can see how the possible movement it will go base on the candle chart you see still there are chance that sudden price reversal will happen so be careful always on your trades and think always taking your profits and find another good position since this cycle is best to do on daily basis.