How to day trade using price action: Day trading for beginners episode 12: Candlestick patterns 3

Welcome again to DayTradeToWin.com

Today I want to discuss some more candle patterns. In any case, one thing that I truly need to call attention to, and I referenced this before in a past episode, is that you should see candlestick patterns as “principles” instead of exact patterns, you have to take a look at the entire picture, the entire chart, rather than mechanically look for a candle or a few candles that look a certain way.

You check whether you could search for specific patterns, similar to one of the reversal patterns we had a look at in the last episode, and trade when you discovered one of them  — if that was conceivable we could simply program an algorithm and automate it, similar to the other software that we provide. As I would see it, these candlestick patterns can be powerful tools that will help you in your price action day trading, but you shouldn’t just mechanically trade them. You always need to consider the whole picture.

Alright, that ends today’s episode. Please go to Daytradetowin.com to download our free “get started day trading”, get our free day trading simulator with live real-time data, and check out our software products and courses. And last but not least – check out our 8-week day trading mentorship class. If you are looking for day trading coaching you have found the right place.

Until next time, good trading!

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