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Japanese Candlestick Chart Patterns for Beginners 

Last Updated: October 2, 2020

By Rayner

Here’s the thing:

You know Japanese candlestick chart patterns are powerful.

It helps you time your entries & exits, anticipate trend reversals and gives you a sense of what the market is likely to do next.

Now…

You can go google information about Candlestick trading, but it’ll leave you overwhelmed (with 591,000 results).

Or…

You can study this blog post (with 17 training videos) that teaches you the essentials of Japanese candlestick chart patterns.

Sounds good?

Then here’s what you can expect to learn…

  1. Introduction to Japanese candlestick chart patterns and how to read it
  2. The limitations of Japanese candlestick chart patterns
  3. What is a Bullish Engulfing pattern
  4. What is a Bearish Engulfing pattern
  5. What is a Piercing pattern
  6. What is a Dark Cloud Cover
  7. What is a Hammer
  8. What is a Shooting Star
  9. What is a Doji
  10. What is a Harami
  11. What is a Morning Star
  12. What is an Evening Star
  13. How to combine Japanese candlestick chart patterns
  14. How to read Japanese candlestick chart patterns like a pro
  15. The wrong way to trade candlestick chart patterns
  16. Candlestick trading strategy (Market Structure)
  17. Candlestick trading strategy (Volatility contraction)

Are you ready?

Then let’s dive in!

#1: Introduction to Japanese candlestick chart patterns

Welcome to video #1 of How to Read Japanese Candlestick Chart Patterns.

This is a free (step by step) Japanese candlestick trading course that teaches you the essentials of candlestick chart patterns, even if you’ve never traded it before.

This course has 17 videos and it covers: useful candlestick trading patterns, advanced candlestick trading techniques, biggest mistakes to avoid when trading candlestick patterns — and candlestick trading strategies.

Now…

In this 1st video, you’ll learn:

  • What is a Japanese candlestick chart
  • Where did Japanese candlestick originate from
  • How to read a Japanese candlestick chart

Are you ready to begin the first lesson?

Then go watch this video right now.

#2: The limitations of Japanese candlestick chart patterns

In this 2nd video, you’ll learn:

  • How to modify candlestick chart patterns for the Forex market
  • Why you shouldn’t rely on candlestick patterns to tell you the direction of the trend, here’s what you should do instead…
  • The biggest downside of candlestick patterns, and what you can do about it

Here’s the video…

#3: What is a Bullish Engulfing pattern

In this 3rd video, you’ll learn:

  • What is a Bullish Engulfing Pattern and how it looks like
  • The REAL meaning of a Bullish Engulfing Pattern
  • Not all Bullish Engulfing Patterns are created equal, here’s what you must pay attention to…

Here’s the video…

#4: What is a Bearish Engulfing pattern

In this 4th video, you’ll learn:

  • What is a Bearish Engulfing Pattern and how it looks like
  • The REAL meaning of a Bearish Engulfing Pattern
  • Not all Bearish Engulfing Patterns are created equal, here’s what you must pay attention to…

Ready for this lesson?

Then go watch this video right now.

#5: What is a Piercing pattern

In this 5th video, you’ll learn:

  • What is a Piercing Pattern and how it looks like
  • The REAL meaning of the Piercing Pattern
  • What’s the difference between Bullish Engulfing and Piercing Pattern, and why it matters

Here’s the video…

 #6: What is a Dark Cloud Cover

In this 6th video, you’ll learn:

  • What is a Dark Cloud Cover and how it looks like
  • The REAL meaning of a Dark Cloud Cover
  • What’s the difference between Bearish Engulfing and Dark Cloud Cover, and why it matters

Ready for this lesson?

Then go watch this video right now.

#7: What is a Hammer

In this 7th video, you’ll learn:

  • What is a Hammer and how it looks like
  • The REAL meaning of a Hammer
  • How to identify the best hammer to trade

Here’s the video…

#8: What is a Shooting Star

In this 8th video, you’ll learn:

  • What is a Shooting Star and how it looks like
  • The REAL meaning of a Shooting Star
  • How to identify the best Shooting Star to trade

Ready for this lesson?

Then go watch this video right now.

#9: What is a Doji

In this 9th video, you’ll learn:

  • What is a Doji and how it looks like
  • The REAL meaning of a Doji
  • Not all Doji are created equal, you must pay attention to this ONE THING (if you want to get it right)

Here’s the video…

#10: What is a Harami

In this 10th video, you’ll learn:

  • What is a Harami and how it looks like
  • The REAL meaning of a Harami
  • How the Harami gives you a BIG clue to “predict” what the market will do next…

Ready for this lesson?

Then go watch this video right now.

#11: What is a Morning Star

In this 11th video, you’ll learn:

  • What is a Morning Star and how it looks like
  • The REAL meaning of a Morning Star
  • How to identify the best Morning Star to trade

Here’s the video…

#12: What is an Evening Star

In this 12th video, you’ll learn:

  • What is an Evening Star and how it looks like
  • The REAL meaning of an Evening Star
  • How to identify the best Evening Star to trade

Ready for this lesson?

Then go watch this video right now.

#13: How to Combine Japanese Candlestick Chart Patterns

In this 13th video, you’ll learn:

  • How to combine candlestick patterns and understand what the markets are telling you
  • Why the Bullish Engulfing Pattern can essentially be a Hammer
  • Why a Bearish Engulfing Pattern can essentially be a Shooting Star

Here’s the video…

#14: How to Read Japanese Candlestick Chart Patterns like a Pro

In this 14th video, you’ll learn:

  • Why you NEVER need to memorize candlestick patterns, just focus on these 3 THINGS…
  • How to read a candlestick pattern correctly even if you’ve never seen it before
  • How to tell whether buyers or sellers are in control — so you can trade along the path of least resistance…

Ready for this lesson?

Then go watch this video right now.

#15: The Wrong Way to Trade Candlestick Chart Patterns

In this 15th video, you’ll learn:

  • The 3 biggest MISTAKES traders make when trading candlestick patterns — and how to avoid it
  • Why candlestick patterns don’t have an edge in the markets, and what you can do about it…
  • Why trading candlestick patterns in isolation is a LOSING strategy — here’s what you should do instead…

Here’s the video…

#16: Candlestick Trading Strategy (Market Structure)

In this 16th video, you’ll learn:

  • How to use Candlestick Patterns with Market Structure and develop a trading strategy
  • A trading strategy that lets you profit from trapped traders

Ready for this lesson?

Then go watch this video right now.

#17: Candlestick Trading Strategy (Volatility Contraction)

In this 17th video, you’ll learn:

  • How to use Candlestick Patterns with Volatility Contraction and develop a trading strategy
  • How to know when is the best time to enter a breakout trade

Here’s the video…

What’s next?

Congratulations!

You’ve made it to the end of this Japanese candlestick chart patterns training series. And I hope you’ve enjoyed studying the course as I did preparing them.

Now, if you want to take your candlestick trading knowledge to the next level…

Then go download The Ultimate Guide to Price Action Trading below.

You’ll learn how to combine candlestick chart patterns with Price Action so you can identify low risk and high reward trading setups — so you can become a consistently profitable trader.

  • Definitely bookmarking this. Briefly went down the rabbit hole of candlestick patterns, years ago. May have to revisit. And you’re not charging for this? Thanks

  • Thanks a lot Rayner, these are the topics traders should certainly know and Its easier with you having fine tuned It all down for us. THANKS MEGA WAY BRO!

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