Candlestick Chart Buy Entry Signals
The goal for your trading should be to learn how to find the best stocks to trade quickly and easily. Oftentimes traders spend more time trying to figure out which stock they should choose to trade, and waste most of their day looking at stock charts.
Candlestick Chart Buy Entry Signals are the key element that may be missing in your education. What differentiates a Buy Signal from a Reversal or Continuation Candlestick Pattern is that the true BUY SIGNAL is a specific group of candlesticks, that have formed in a chart PRIOR to that stock starting a run and those are the best Candlestick Chart Patterns for Trading Stocks.
Too often traders use Candlestick Reversal Patterns, Continuation Patterns, MACD, or Stochastic crossovers as entry signals. All of these methods put traders into a stock late with losing profits. They also increase the risk of a whipsaw trade, especially when the Stock Market is in a choppy sideways to volatile Market Condition.
By learning true Candlestick Chart Buy Entry Signals that are the best Chart Patterns for stock trading, you can increase your profitability to 75% or greater. Now that probably may sound far-fetched to those who are trading Reversal Patterns, Continuation Patterns, MACD, or other crossover signals, and have come to accept that the best they can do is about 50% in profitable trades.
In addition to using Candlestick Chart Buy Entry Signals, use indicators NOT as entry signals but for confirmation of underlying energy and strength.
With these two minor changes, you can achieve a significantly higher percentage of successful and highly profitable trades. Chart example #1 below has a strong Candlestick Chart Buy Entry Signal, which is one of the best patterns for stock trading.
Martha Stokes CMT
TechniTrader technical analysis using TC2000 charts, courtesy of Worden Bros.
Chartered Market Technician
Instructor & Developer of TechniTrader Stock & Option Courses
Copyright ©2017-2019 Decisions Unlimited, Inc. dba TechniTrader. All rights reserved.
TechniTrader is also a registered trademark of Decisions Unlimited, Inc.