[QUESTION] - Can You Have An Edge With Simple Candlestick Patterns?

[S-Trader]

IMO, candlestick patterns can be useful as *part* of your overall edge, but generally not in the absence of more context. So for example, a specific pattern(s) can be used for entry within the context of a larger approach/strategy, possibly even for exit as well.

Patterns can also useful as an edge for scalping, since as your timeframe gets faster, the relevant larger context also gets "compressed" into the pattern itself, and a lot of other stuff just becomes noise.

In both cases, the price action depicted visually by the pattern is also context in itself -- displays the micro trends represented by the candles and how the battle between bulls & bears has played out to that point in time.

 

[easymon1]

Anybody know how to Set up a Run to produce a list of Stocks that have Daily Candlestick Kicker Signals?
It'd be fun to look at a dozen of them in real time and see how they do.

Trading Kicker Signal - https://duckduckgo.com/?q=Trading+Kicker+Signal+&t=h_&ia=web

Bullish Kicker candlestick is a two candle signal, indicating a radical change in investor sentiment towards the bullish side.
https://www.barchart.com/stocks/candlestick-patterns/kicker-bullish?orderBy=volume&orderDir=desc

-
KR,BBL,MPLN,RIO,TD,K,SPIR,EBR,GGG,AWK,SUPV,KEP
https://stockcharts.com/freecharts/candleglance.html?KR,BBL,MPLN,RIO,TD,K,SPIR,EBR,GGG,AWK,SUPV,KEP,MFIN,CSAN,ADF,SHI,EBR.B,PTRS,LWAY

MFIN,CSAN,ADF,SHI,EBR/B,PTRS,LWAY
https://stockcharts.com/freecharts/candleglance.html?MFIN,CSAN,ADF,SHI,EBR.B,PTRS,LWAY

 

[easymon1]

2021 1208

 

[BONECRUSHER]

in trading nothing is what it seems

there are lot of cliches............

there are some who believe that you should know something, that the others do not :is this the edge?

this will not work.

because after you buy, you need a lot of people to buy.....and if they do not know what you know , they will not buy and in fact they may sell.

so secrets and very deep thinking is actually detrimental.

so you need people with you or you may need to think like the majority......

in any case i know what it is not.......from losing...... but i have no clue .....what is !

if not i would be be running a hedge fund and not here writing bull on ET

I respectfully disagree. I expect others to buy after my long entry because they are short and are now panic covering. They did not know what I knew. The only thing "they know", is the fear of price running against their position.