I think the best thing you can do is study charts for yourself. Go from chart to chart . Looking for what candlestick pattern makes a share go up.- one that you find it easy to recognize with your own eyes, in a given context. It is not just the pattern , but the position or context of the pattern. Discovering it for yourself will give you more confidence, rather than putting your trust in what you have been told . And that confidence matters , because even when you make a good decision, you can easily get shaken out of your position. The candlestick patterns are on a micro level , then you need to zoom out , and find what you see on a macro level, that will also give you confidence - like RSI, trendlines , volume , sma etc, try candlestick patterns on bigger time frames , and smaller timeframes. You can stick with just a few indicators and use them thoroughly , or use a whole smattering of them. Even when you know bullish patterns , you have to train your eyes and brain to recognize them. It is not easy . It is difficult . Like learning a language . Sounds like you are putting in the effort already . It takes time, and can't really be learnt fast. Just start with one question you that you don't know the answer to , and study the charts to learn the answer to that . Write it down. Then find out the answer to another question you have . That's what I do anyway. It gives me confidence , because the answers are there in the charts.
- Forums
- ASX - Short Term Trading
- XAO
- Short Term Trading Weekend Lounge: 1-3 Feb
Short Term Trading Weekend Lounge: 1-3 Feb, page-40
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XAO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,633.1 |
Change
66.100(0.77%) |
Mkt cap ! n/a |
Open | High | Low |
8,567.0 | 8,657.9 | 8,567.0 |
XAO (ASX) Chart |