ilmscore | 3 Candlestick Pattern Secrets That Can Make You A Profitable Trader...

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The trading strategies discussed are expected to have a win rate between 55% and 65%.
"The strategies that we've talked about in this video may win between 55 and 65 percent of the time."
Candlestick Patterns Strategy
Pending
A hammer candle is considered valid if its entire body is above the 38.2% Fibonacci retracement level.
"as long as the entire body of the Candlestick is above the 38.2 retracement which is my little blue line here then I have what I consider a valid Hammer candle"
Hammer Candle Definition
Pending
A shooting star candle is considered valid if its entire body is below the 38.2% Fibonacci retracement level.
"for a shooting star candle I'm looking from the high of the candle down to the low of the candle and as long as the entire body of the candle is in fact below the 38.2 retracement then I count that as a shooting star candle"
Shooting Star Candle Definition
Pending
Candlestick patterns should only be traded when combined with at least two other significant technical indicators or levels.
"never trade Candlestick patterns without at least two other major technical confluences"
Trading Strategy Confluence
Pending
A conservative approach to trading double bottoms involves waiting for a candlestick pattern to form at the end of the second bottom, offering a balance between aggressive and conservative entries.
"using a Candlestick pattern we can kind of meet somewhere in between where it's a little bit of a more aggressive way of trading but not as aggressive as just waiting on a double bottom let me explain what I mean what we'll be waiting on when using Candlestick patterns in association with existing chart patterns like double bottoms is for this double bottom to appear and to also at the end of the double bottom give us some type of Candlestick pattern"
Double Bottom Trading Strategy
Pending
When a head and shoulders pattern is identified, the strategy involves looking for a shooting star candlestick pattern at the completion of the pattern.
"for this specific pattern what I'm looking for is this head and shoulders and at the end of The Head and Shoulders pattern I want to see a Candlestick pattern a Candlestick pattern like this shooting star candle"
Head and Shoulders Trading Strategy
Pending
Consistent application of a trading strategy with an edge can lead to significant growth of a trading account.
"if we do that consistently that's what can really build a trading account to massive size"
Trading Account Growth
Pending