All language subtitles for 10. Candlestick Pattern Final Thoughts

Well, I hope you enjoy this powerful section on candlesticks and candlestick patterns, and we'll leave

you with some final thoughts.

And one thing, too, as you start to see patterns, you start to see more and more candlesticks will

become more second nature to.

So it seems like it's like a little bit hard to grasp.

You can always go back and watch a lesson.

And again, if you actually start using it, whether it's with paper trading for practice or real life

training, you're going to start seeing these things very, very easily and it's going to help you to

become a very successful trader.

So some final thoughts around this is one, you want to continue to learn and practice and learn to

visually recognize.

You know what these candlesticks are trying to tell you?

They're trying to tell you something.

So the more you understand the candlesticks and you can, you know, and their patterns that go with

it, especially the common patterns, and you can just visually look at it and see all that jumps out

at me.

I know this is what's going on.

That's going to be very helpful and that will come as you learn and over time.

And also that there are many candlestick patterns out there.

There's I share the most common, most classic ones, ones almost everybody can use and maybe should

use.

But there are a lot of different patterns out there, research, Internet, all you might find, all

sorts of patterns vacuuming.

I think there's too many patterns and they can be detrimental because some are not, as you know, statistically

valid as others.

Ones I've shared with you are ones that are the best ones.

So if you try to learn too many patterns, you can have the steep learning curve because you're trying

to keep all these patterns in your head.

And that can actually cause you to be a, you know, impact your your trading in a negative way.

Other things, as you start to see all these patterns, you might start seeing things.

You try to learn too many patterns at first and you might have marriages were like, oh, I think I

see this, but really it's not there.

It's a mirage.

And you start getting where you like your charts and everything starts swimming around like, oh my

gosh, everything seems like a pattern or nothing seems like a pattern.

So start by focusing on patterns that seem most interesting to you or certainly the ones that I've shared

with you.

Start there and then you can build from there if you want.

But you know, too much can be sometimes, you know, not not helpful either as far as candlestick patterns.

And as I mentioned, a couple of the lessons that some people only trade candlestick patterns.

So you just really focus on that.

And that's OK.

They can be successful that way.

I would say take some of these other lessons that you're going to learn and think about that.

If you love that idea, candlestick and training, just these candlestick patterns.

And by the way, sometimes a lot of these patterns are not as common.

So your trading might be not as frequent, too.

If you're looking for just a certain dodgy set, a certain pattern set up, you know, it might not

be as common as other types of patterns out there, but a good practice, too, is as you learn all

things in the course is to combine it with other indicators for confirmation.

So maybe I see a candlestick pattern forming.

I might confirm that, OK, volume is doing what I'm expecting do either rising or falling or staying

the same.

So the trading volume is there confirming, but I might want to confirm it with other things.

I'm living like learning like trend lines, moving average weighted moving average, simple moving average

tramlines, general trend patterns, upward trends, lowered trends, these moving averages, momentum

indicators, sentiment indicators.

There's things we're going to learn throughout the course here that you can use that if you see a pattern

from a candlestick aspect, you can go outside that to something a little bit different and say, OK,

I see this happening.

I'm going to use a momentum indicator and and see if that actually confirms what I'm seeing here.

The both my candlestick pattern and my denim jacket are saying prices are likely to rise.

Well, then I'm going to buy because I'm getting a double confirmation and we'll learn all about the

two towards the end of the course when we talk about setting up your strategies and stuff, too.

But right now, we're learning the tools and how to apply these tools and how to apply them to be,

you know, so you can be very successful.

And I tell you, Catalyser Patterns, great, great section here and really get into that.

And that can really, really make a difference in your training and help you to be very successful.

So let's learn about some more indicators and ways to interpret using technical analysis.