Welcome to the Bullish Bears advanced candlestick charting course on candlestick reversal patterns! This course is the continuation of our first candlesticks patterns course.
Our first course really goes into the basics of candlesticks patterns, what they mean, what they look like, and how critical candlesticks patterns are when trading. Candlesticks are the first early warning system and most important line of defense when trading. All of the technical indicators on the planet don’t mean a darned thing if you don’t know candlesticks and how to trade them!
Candlesticks patterns tell a very important story between the bulls and the bears. This story forms patterns, and these patterns become critical support and resistance levels. Support and resistance is the absolute name of the game when trading. Buy low and then sell high. Or buy at support and sell at resistance.
In the 1700’s, a Japanese rice trader named Homma created the system that we now know as Japanese Candlestick Charting. As a rice trader, he saw the correlation between supply and demand coupled with emotions and price. Thanks to Homma, traders today are able to see how markets are heavily influenced by emotions.
Candlestick charting tells a very important story between the bulls and the bears. This story forms patterns, and these patterns become critical support and resistance levels. Support and resistance is the absolute name of the game when trading. Buy low and then sell high. Or buy at support and sell at resistance.
Candlesticks are quite informative. They tell you how millions of traders are feeling about a particular stock at any given time. They can tell you if a stock has a bearish or bullish bias.
That's just the candlesticks by themselves. Group them together and you get a bigger picture. While there isn't a magic eight ball that can give you the exact move a stock will make, patterns sure help.
It's important to remember that patterns do break down because patterns form within patterns. Hence the importance of being able to spot the small patterns as well as the large ones.
Candlestick charting and patterns provide that support and resistance which is, in itself, the best buy and sell signal you can ask for. In fact, if you learn how to find support and resistance, you'll never need to rely on someone calling out entries and exits for you. You'll be in complete control of your trading destiny.
Trading is emotion. How do you think candlesticks and patterns form? They form based off the emotions of other traders. Those emotions affect everyone, even the best traders.
The goal is to learn how to control those emotions. Using candlesticks patterns can help to remove some of the emotions around trading. However, it's important to realize that the candlesticks and patterns aren't going to solve your trading woes; especially when you let emotion rule your trades.
That's why a successful trader uses a healthy dose risk management with a proper strategy. Don't let emotions cripple your trading. That's why a lot of traders give up in the end.
We know how emotional trading can be. That's why we created a stock market trading community on Facebook and in our trade rooms that offer a safe place for you when things aren't going to plan.
A solid community is like having a great support group and trust us, you'll be glad for it. We strive to make our Facebook community and trade rooms safe, kind and respectful of everyone.
We don't let trolls, spammers or pumpers in. It's all about creating a safe place for people looking to better their trading. We strive to be a "pay it forward" kind of community.
We provide three trade rooms to our community members; a day trade, swing trade and futures trading room. Our team also live trading streams a couple hours every morning. The live stream is a teaching tool.
We're not stock pumpers so we don't call out exits and entries to our stock market trading community members. Instead we're teachers. We spend a couple hours every morning mapping out support and resistance of the stocks the community members in our trade rooms are looking at.
Our goal is to create a community of self sufficient traders. Traders that aren't chasing gurus in and out of trades without knowing the psychology behind the trade. That's why we've spent the time to put these courses together, live stream and have trading rooms.
We're giving you the tools to be in control of how your money is made. We also share our stock scanners live each day.
The Bullish Bears team also provides daily stock watchlists and trading alerts to our community members in our stock trading service. Again, we're not a stock pumping service and these alerts shouldn't be seen as buy signals.
Instead their important support and resistance levels we've mapped out; levels that you need to pay attention too. Since our goal is to make you the best self sufficient traders you can be, you can take these alerts and use them how you see fit.
You're in control of your trades. You may have a profit target that's different than ours. That's why we don't call out entries and exits. Following that kind of trading strategy tends to be detrimental and why many traders end up giving up.
Our YouTube channel as a playlist dedicated to how we make our watch lists and trade alerts. Study these videos so you can see how to implement them as well as seeing why we choose the stocks that we do for our watch lists.
Looking to learn stock trading? We can't stress to you how important it is to take the time to study and learn candlestick patterns. Watch our stock market course videos and let it soak in. Then open a practice account and make hundreds of practice trades in a virtual stock training account. That way you're not using your own money to learn with.
This is the safest way to get started. You'll be thanking us as you're ironing out the kinks and it's not your money you're losing. Once you've learned to identify support and resistance along with patterns and perfected your strategy, you can move on to real money. Start small and build your way up.
Our website has filled with valuable content to teach you how to be a successful trader. It's all up to you as to how you'll use it.
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Best stock page I've been on. Full of free info and always there to help. Can't thank them enough.Bill W.