The candlestick trading bible

 
 

---

14
THE CANDLESTICK TRADING BIBLE 
Candlestick patterns 
Candlestick patterns are one of the most powerful trading concepts, 
they are simple, easy to identify, and very profitable setups, a research 
has confirmed that candlestick patterns have a high predictive value 
and can produce positive results. 
I personally trade candlestick pattern for more than 20 years; i can’t 
really switch to another method, because i tried thousands of 
strategies and trading methods with no results. 
I’m not going to introduce you to a holy grail, this trading system 
works, but be prepared to lose some trades, losing is a part of this 
game, if you are looking for a 100% wining system, i highly recommend 
you to stop trading and go look for another business.
Candlestick patterns are the language of the market, imagine you are 
living in a foreign country, and you don’t speak the language.
How could you live if you can’t even say a word? It’s tough right???The 
same thing when it comes to trading.
If you know how to read candlestick patterns the right way, you will be 
able to understand what these patterns tell you about the market 
dynamics and the trader’s behavior.
This skill will help you better enter and exit the market in the right 
time.
In other words, this will help you act differently in the market and 
make money following the smart guy’s footprints. 
The candlestick patterns that i’m going to show you here are the most 
important patterns that you will find in the market, in this chapter, i’m 
not going to show you how to trade them, because this will be 
explained in details in the next chapters. 
What i want you to do is to focus on the anatomy of the pattern and 
the psychology behind its formation, because this will help you get the 

---