TECHNICAL ANALYSIS | August 22, 2019
Signals And Confirmation
Trading well is all about reading charts with a cynical cold eye. The further away we move from our emotions, the more we are able to see and assess. Many people say candlestick signals do not work. They are right, sometimes. And then again what about the times they are just plain wrong? Knowing how to use candlesticks means interpreting patterns which become our signals. Interpreting these signals means that you are constantly looking for confirmation to prove or disprove your analysis. Lack of confirmation means that the signal failed. Working with candlesticks means that you are confident enough to let the charts light the way knowing that the map is not the territory.
by Stella Osoba, CMT
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