What Is Advanced Technical Analysis of Candlestick Charts?

List of Tips for Choosing High Quality Stock Picks

Advanced Technical Analysis of Candlestick Charts for Trading Stocks gives you more opportunities to trade high quality stock picks that earn more profits per trade. The goal with every trade you make should be higher profits per trade. Taking pennies for profit on a trade will result in lower overall income from trading at the end of the year. See the candlestick chart example below.

Remember, your time is a cost factor. Trading frequently with small nickel and dime profits increases risk, wastes time, and is extra work. Trading high profit stocks, trading only when the patterns are ideal, and taking whole points per trade will increase your success and income dramatically.

Often traders focus on finding a reversal or continuation pattern but fail to see the entire picture of what the candlesticks are telling you.

Candlestick Charts for Trading Stocks provide a visual image that is far easier to read and understand than any other charting type.

Hone Your Candlestick Chart Analysis with 10 Simple Techniques:

  1. Compare the Current Run Gain in points to previous runs on the short-term trend.
  2. Are there Shrinking Runs, where each run up has smaller candlesticks and less point gain?

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Trade Wisely,

Martha Stokes CMT

TechniTrader technical analysis using a TC2000 chart, courtesy of Worden Bros.

Chartered Market Technician
Instructor & Developer of TechniTrader Stock & Option Courses

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