Reddit Reddit reviews Japanese Candlestick Charting Techniques, Second Edition

We found 7 Reddit comments about Japanese Candlestick Charting Techniques, Second Edition. Here are the top ones, ranked by their Reddit score.

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Japanese Candlestick Charting Techniques, Second Edition
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7 Reddit comments about Japanese Candlestick Charting Techniques, Second Edition:

u/CryptoKujira · 4 pointsr/Daytrading

Book 1: https://www.amazon.com/Japanese-Candlestick-Charting-Techniques-Second/dp/0735201811

Book 2: https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661

Read through every page, twice. Then start putting things into practice. Once you think you're comfortable in your strategy, write down your plan of attack and strategy/rules for trading. Seriously, write it down in MS Word, print it out in huge font, and pin on the wall next to your trading computer.

YouTubers...eh, there are only a few that I like although I'm sure there are more out there I just haven't found. This guy explains things pretty well and knows how to actually use indicators, unless like most of the shills on Yt. https://www.youtube.com/channel/UC9yk_6ks1g1ipJJsxtLKLcA He doesn't show trades but the basic underlying concepts are all you need. The rest is up to you on how to employ those techniques into your owns strategy.

Only other thing you need is patience, which is where I believe most traders fail. You need to have patience to wait for those ideal trading setups to materialize. Sometimes this can days or even weeks before you find one, when you're first starting out. Then you get in impatient and trade off some half-ass setup that doesn't quite mark all the check boxes for your ideal 'buy signal' and then you get burned.

Watching someone else make trades hasn't ever taught me anything, because every single trader is different. Different lifestyle, time available for trading, risk tolerance, and 10+ other factors means what works for them is probably NOT going to work for you/me.

u/bakwaastrading · 1 pointr/Daytrading

Lot's of resources on the net. Just google it up.
I can suggest

u/wicho91 · 1 pointr/Forex

The book of Japanese candlesticks I read was specific but no to that extent more like how to give context to all the candles and their meanings. By any chance the book you read is this? the one I read on Japanese candlesticks is this one if by any chance you're interested.