ilmscore | Best Candlestick Pattern Strategies (Use These To Get The Best Entries & Profit Fast)

Best Candlestick Pattern Strategies (Use These To Get The Best Entries & Profit Fast)

Published: 2020-11-25
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
Entering a trade immediately after a color change candle (e.g., from red to green for a buy signal) is the most aggressive entry strategy.
"the most aggressive way you can enter a market is with a color change right"
Candlestick Patterns
Pending
Entering a trade after two consecutive green candles is the second most aggressive entry strategy.
"the second most aggressive way to enter a market like this would be two green candles"
Candlestick Patterns
Pending
Waiting for a specific candlestick pattern (like a hammer) followed by a green confirmation candle is a less aggressive entry strategy than just a color change or two green candles.
"wait on that candlestick pattern like our hammer candlestick right here and a green candle afterwards"
Candlestick Patterns
Pending
Waiting for a price action pattern (e.g., double bottom, double top) followed by a confirmation candle (green for a buy, red for a sell) is the most conservative and accurate entry strategy.
"the third and the most conservative or least aggressive and by far the most accurate way that I personally intertrace whenever I see my perfect trade setup is by waiting on a price action pattern with that green candle afterwards"
Candlestick Patterns
Pending
For a double top pattern, confirmation can be a shooting star candlestick at the end, rather than just a red candle.
"we then get confirmation and this time here's your bonus for confirmation on the double top instead of just waiting on a red candle you can use candlestick patterns as your second top so what this would be is a double top but instead of just having a red candle we have a shooting star candle at the end of it"
Double Top Pattern
Pending
Combining a price action pattern with a specific candlestick pattern at its conclusion has been a highly accurate, though less frequent, trading strategy over the past decade.
"a price action pattern with a candlestick pattern at the end and that has been one of the more accurate doesn't happen as much but one of the more accurate ways i have ever found a trade in the past decade of my trading career"
Price Action Patterns
Pending
The speaker considers waiting on a price action pattern with a confirmation candle (green for long, red for short) to be the most accurate trading entry strategy.
"the most accurate way i've found to enter trades once i have all my analysis lining up"
Trading Strategy
Pending
A double top pattern combined with a shooting star candlestick is identified as a highly accurate (though less frequent) trading signal.
"this is a double top but instead of just having a red candle we have a shooting star candle at the end of it so with that being the case we have a price action pattern with a candlestick pattern at the end and that has been one of the more accurate"
Trading Strategy
Pending
Using a candlestick pattern (like a hammer or engulfing) followed by a confirmation candle is considered the second most aggressive, yet effective, trading entry strategy.
"second most aggressive way candlestick pattern like a hammer or an engulfing candle and then you can even add confirmation to that with a green candle afterwards"
Trading Strategy
Pending
Entering a trade on a simple red candle at resistance when RSI is overbought is the most aggressive entry strategy.
"the most aggressive way to enter the market would be to enter right there"
Trading Strategy
Pending
Two consecutive green candles are presented as a rules-based, aggressive trading entry strategy when other technical analysis aligns.
"or double candlestick two green candles that is a rules-based candlestick pattern strategy you can use whenever all of your other analysis lines up"
Trading Strategy
Pending