Since I started putting out videos featuring pure price action, I have received questions on candlestick patterns such as the harami and patterns such as wedges. I personally do not ever look at wedges or anything like that but I do take a look at price action via candlesticks. As a matter of fact, I know a pretty successful swing trader who factors in dojis, reversal candles, Marubozu types and even “abandoned baby” candles. All candlesticks have meaning but only taken in context of where they appear on the chart. For example, a harami at a support line tells a story about the buyers and sellers at that area. When you can “get the story”, you can decide on a trading play.
No sooner did I send out the last email when I was hit with some feedback about my trading as well as the SST.
There is really far too much to cover in regards to the style of trading that requires only price and sentiment. I hope that over the coming updates, that you are able to piece together a few things that may help you. Just know that the probability of making money on those trades is extremely high which does allow you to be more liberal with your risk % IF it suits you.
