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Candlestick Analysis For Professional Traders

How To Trade With Japanese Candlesticks. How Profitable Is It Really?

4.1 / 5.0
1549 students2 hours 11 minutes

Created by Joe Marwood, offered on Udemy

bestcourses score™

Student feedback

5.5/10

To make sure that we score courses properly, we pay a lot of attention to the reviews students leave on courses and how many students are taking a course in the first place. This course has a total of 1549 students which left 274 reviews at an average rating of 4.1, which is average.

Course length

9/10

We analyze course length to see if courses cover all important aspects of a topic, taking into account how long the course is compared to the category average. This course has a length of 2 hours 11 minutes, which is pretty short. This might not be a bad thing, but we've found that longer courses are often more detailed & comprehensive. The average course length for this entire category is 3 hours 55 minutes.

Overall score

5.8/10

This course currently has a bestcourses score of 5.8/10, which makes it an average course. Overall, there are probably better courses available for this topic on our platform.

Description

For the first time, a course that reveals the historical performance of all the classic Japanese candlestick patterns.

Candlestick charts are the number one way to present financial price data. I love them because they allow me to quickly and easily visualise the market and analyse recent price action before placing a trade.

Whether it’s in a particular stock, a currency pair, or a commodity, once you know how to read candlestick charts you can very quickly gauge strength or weakness in the market of your choice.

Now, candlestick charts have been around for centuries and there are numerous books and courses that detail specific candlestick patterns. Patterns such as the shooting star, the Doji and the Hammer. 

However, most of these books and courses fail to address just how good these patterns really are.

On this course, not only will I teach you all about Japanese candlestick charts and how to find the most popular candlestick patterns, but I will show you the historical performance of 25 of the best patterns.

In other words, I’m going to show you which candlestick patterns are the best and which ones you should pay attention to in your trading. And I'm going to show you which ones you should simply ignore.

I’ve analysed 21 different futures and forex markets, over 100 stocks and I’ve made thousands of historical trades to see which patterns produce the most profitable results. And the results are indeed surprising.

In fact, the results suggest that some patterns are not profitable at all and I present the results clearly for you to see.

However, the results also reveal that one specific candlestick pattern is better than every other candlestick pattern that I tested.

On this course, you’ll learn precisely which candlestick pattern that is.  

You’re also going to learn how to spot the candlestick patterns and how to incorporate them into your own trading and investing. Then, I put what we’ve learnt into action when I build a fully fledged trading system based on the best patterns found.

But that’s not all you're going to get.

Because, when you take the course today, you’ll also receive a number of bonuses. 

Bonus 1: you'll get the A3 candlestick cheat sheet so you can quickly locate candlestick patterns by eye. You can even print this out and stick in on the wall if you want to.

Bonus 2: you’re going to get access to the accompanying eBook and all the tables of results.

Bonus 3: you’re going to receive the formulas that I used to code up each candlestick pattern. If you have the back-testing program Amibroker, you’ll be able to use this code to run an exploration and scan for the latest candlestick signals on your own machine.

So, if you want to learn how the professionals use financial charts and you want to take your candlestick trading to another level, just click take this course now and let’s get started learning about Japanese Candlesticks.

All the best of luck with your own trading and learning.

What you will learn

  • Understand how to use Japanese candlestick charts to inform and improve investing and trading decisions.
  • Understand the profitability of individual candlestick patterns. Which candlestick patterns work and which candlestick patterns fail.
  • Know the profit potential and opportunities that exist from combining candlestick price patterns with other indicators.
  • Understand some principles about back-testing and designing a price action, chart based trading strategy
  • Understand a complete trading strategy based solely on Japanese candlestick patterns.
  • Scan for individual candlestick patterns using the Amibroker analysis program.

Requirements

  • An understanding of financial terms such as long/short, stock, future is beneficial.
  • Trading experience is beneficial
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Frequently asked questions

  • Price: $59.99
  • Platform: Udemy
  • Language: English
  • 2 hours 11 minutes
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bestcourses score: 5.8/10

There might be better courses available for this topic.