5 Most Profitable Candlestick Patterns - How to Read Stock Charts

[@RileyColeman]

Combine candlestick patterns with chart patterns is a strong strategy! Learn about Chart patterns here 👉 kzbin.info/www/bejne/d5qpZoKXnrWVfZY

[@roc3429]

Hello Riley Coleman: your teaching is calm and erudite. You inform the student in a clear-n-consise sequence without the duress. This is a teaching talent!

[@JonesLarryG]

Riley!!!! Ive watched a lot of KZbin videos on stocks, options, charts etc. By Far you are the only persons that explains everything simple calm and clear. Keep up the good work my friend.

[@RileyColeman]

Wow thanks so much!

[@titokosh6293]

Wow, I have watched countless videos on candlestick patterns and this exceeds every video out there. I have learned sooo much! Your’s a star🥰.. Thank you!

[@apathyreview3964]

Good channel bro. I'm learning! I made 166000 in a single trade on paper trading account yesterday. And what's better is that it was based on a strategy I adapted from you. Low pip numbers, scalping and some secret sauce I won't mention here. But thank you. I'm turning it into an EA. I've only been learning for two months but due to your years of experience I feel I'm ready for a test.

[@HAj0698]

Dude you are literally a blessing. By far the best teacher I came across. Hooked on your channel. Well done bud.

[@FMTFXE22]

You’re the best so far of all the trading tutorials I’ve been watching.

[@elainec7104]

I've watched many videos on candlesticks. This by far is the best. You explain concepts perfectly and just keep giving valuable info. I keep finding new tips from your videos, even though Ive watch lots of beginners videos :) and I find the length of your videos to be just right!

[@RileyColeman]

Awesome to hear thanks for the feedback! Good to know that the length is appropriate!

[@danharvey61]

As a newbie trader I found this video to be the most helpful so far about reversal candles. Great job!

[@wave8359]

Good stuff . .I like the graphic presentation and the philosophical simplicity.,,...,I'll look for more in future. Am more usually drawn to getting onto a move that is already underway, rather than looking for reversals...but of course that precludes many short-term possibilities. Useful descriptions you offer here....without the unnecessary tech-sounding vocab of so many other presentations. Much appreciated !

[@LesaLegit]

Awesome explanation!! Thanks so much.

[@PaulShare1]

Great explanation, appreciate the effort you made here.

[@rra1762]

Excellent video. Thank you.

[@danielm.mwangi2194]

I like your explanation on those candle stick as I'm trying to start trading.

[@sharondavis3535]

Thank you 😊

[@innovatetech4527]

Thanks a million sir

[@kourtneyfountain658]

thank you for explaining this thoroughly! it really helped me!

[@chokumYnai]

thanks for the short lesson =)

[@victorpineda6461]

The way you dig into the psychology of traders really gives a broader outlook on my investements.

[@lisaguerrero1671]

Wow, great knowledge!! I’m so glad I found you!! These videos are such a great help to a beginner like me!

[@bookbearerplus]

Thanks for this!

[@pauljnolan1000]

Excellent presentation. Thank you very much, Riley.

[@rich-garland]

Great video , very easy to digest nice one ... plenty more of these complete beginner " how to's " please ....

[@relital3362]

Great education, thanks !

[@SantoshKumar-gg2sq]

Bro thanks so much for sharing this

[@piotrpuslecki7385]

Niece, I use a 4 hour hatts to look for a in said bar (2 two candles) and breakout or not in one minute chrts. I really like your videos

[@fabiansantanamusic]

Such a great video. Thanks!!!

[@davebauza0]

I keep getting $25,000 every couple months from my trading investments broker. When you invest with an expert who trades when the market moves in both direction, you don't have to worry about the market crash or conditions

[@daynaames]

That sounds awesome. Is there any way I can get to know your broker personally?

[@Jamesearlwood-g8]

That is why trading and investing should only be done with proper risk management system in place.

[@Jameskimmel01]

Concerning this matter of brokers, can you please recommend me someone?

[@davebauza0]

I trade with this man Brian Branum.

[@ftxgabby]

Trading without a broker or even a mentor is among the surest ways to lose everything in your trading account.

[@claudefrancis4767]

Riley, where is the video on building the TTM SCANNER?

[@joeinopksw]

Loads of intelligent information. You put is all together, so it now makes immense sense. Your efforts are much appreciated. Thank you!

[@Azadfekr]

I just wanted to say, thank you so much for your great videos. You’re absolutely an amazing teacher and your lessons are simple but very helpful for new part time traders like me. Please, keep educate us.🙏🏿

[@aliengrey1708]

That's a good idea, figuring out what kind of candle would be made if two or more were combined, especially if you trade daily charts, because most charts don't have 2,3,4,5 or 6 day time frames, it goes from 1 day to 7.

[@006-u4c]

awesome video! thanks

[@aliteymori7893]

perfect thanks a lot

[@joelmattsson-boze3266]

Riley, Thank you for your clear and concise explanation of candlestick patterns. It is very helpful.

[@marthango7744]

I wish you can also mention the entty points!

[@danyoungrasshopper3008]

New subscriber here, thanks for all the great videos

[@luckyparsi]

So much good info in this video.

[@RileyColeman]

Awesome to hear that you got so much value from it! Which pattern made the most sense or did you like the most?

[@luckyparsi]

@@RileyColeman bullish and bearish engulfing patterns.

[@98yoyoyo]

is another difference between doji tops and pins that doji tops have gaps between the candles and pins don't necessarily?

[@nathanielrose9156]

Thank you for the knowledge. I’m motivated to start trading as a means for alternative income and ur Chanel is awesome. Ur Chanel is one of my reference/study material. Thanks

[@Sylvia-bv3ic]

Riley, excellent explanation! thank you, thank you! I liked and subscribed to your channel :)

[@leekamurphy6912]

thanks for great video, in one of your webinar you mention squeeze indicator on TOS, which one is that and how can i add it to my chart? please let me know, thanks a lot

[@intelligentcomputing]

Great videos, Riley! Keep up the great work! Cheers, Scott.

[@pauljnolan1000]

Riley, pleasegive us a few more words on these reversal patterns. Namely, would you use these to scalp the SPX? I know you and Mike look at the two pull back pattern as your signal (which I can't seem to keep myself from thinking it's a 1-2-3 pattern). Would you use any of these patterns? Would you regard them as being as strong as the two pull back?

[@Vibe_Shift_News]

Thank you very clear, do these principles work on all time frames?

[@ctwraps6308]

For some reason I pictured the candlesticks in a resident evil chest while combining .. kinda like the red and green herbs. Lol

[@IAM_Retsama]

Right on! thanks for the share man, really helpful!

[@ladydewiee]

vow, how smart it is explained!

[@roberte.bainesjr.7164]

What time frame do you scalp on?

[@offermetheworld]

Hi Riley, thank you for sharing all of this with us! I am a complete beginner so here goes a possibly stupid question: what are predetermined support/resistance levels? :)

[@wave8359]

(I'd offer the suggestion that these are based on historical data that tend to indicate trends and parameters.)----support is simply where sellers no longer predominate----resistance is where buyers run out of optimism.......

[@zacharysoun5612]

Seriously appreciate the crystal clear breakdown

[@RileyColeman]

Thanks!

[@zacharysoun5612]

@@RileyColeman yeah, no problem. I feel like I'm learning a ton from you. I'm gonna practice what I've learned with paper trading and shoot for consistency

[@RileyColeman]

Awesome! That's a really good plan!

[@khalid20niazi]

Hi unrelated question, what software you are using to record your trading videos?

[@vnngandoi]

You explain just at right pace for beginner like me. You deserved > 100k subscribed. Q- Can I use Ninja Trader to trade forex and how to set up. You taught NJ trader with Future. Hope to hear from you soon.

[@sabrinaroy8890]

your really an awesome teacher THANK YOU

[@dabd8175]

Awesome video man thanks so much

[@RileyColeman]

You're welcome!

[@sreeram101]

Can you provide a template where I plug in sticker, so template will tell me to buy or sell? Really appreciate.

[@Ivan_FPV]

Does it work for all time frames? I mean is it only for swing trading or it works also for intraday?

[@andyjacobs7010]

Yes.

[@Samperor]

Question should I make move during the change of the trend of before the new trend?

[@canamm]

You talk about periods of "days" in regards to these patterns, but do these show up and work in single day charts as well?

[@RileyColeman]

Yes these patterns work for any time frame even tick charts.

[@randygreco]

Well explained. I've paid for versions that weren't as good.

[@arwinvicente]

Wow! Thanks man.

[@RileyColeman]

You're welcome!

[@rashmipatel4602]

Hello Riley, just watched few of these and they have been helpful. Thank you. What does the thickness, length, and the wick of the Candle represent (very new bee)?

[@andyjacobs7010]

The wick indicates the highest and lowest in the period. The thickness shows the start and end price. Whether the top or bottom is start or end depends on whether it is green or red. Red means the start price was over the end price, green means the price rose so the start price was lower.

[@nestorpool]

+Riley This video it's so value, thank for share this with us, I saw this video 2 times and I love it... Thank you!

[@chechodallas]

This was very very helpful

[@RileyColeman]

Awesome to hear!

[@lachoicy5869]

Twas helpful but kinda slow as a newbie I still understood what you where saying but I need a mentor though

[@301tefal]

What day setup chart is best to read candle ?

[@RileyColeman]

Not 100% sure what you are asking. But when I'm looking at a daily chart I zoom it in an out depending on how I see fit. If I want to see less data I maybe look at 3 months of daily data but sometimes ill also look at a years worth of daily data. Let me know if that helps.

[@Ryan-gk1bd]

Question. What would a bearish pin in a downtrend possibly signify? (Or vice versa bullish pin in an uptrend?). Thanks in advance your videos are awesome.

[@RileyColeman]

Hey Ryan great question! If the pin is going in the downward direction with the trend it's showing that the market or stock attempted to make a reversal and it got rejected. So it signifies that people are still selling and pushing the stock down. Same goes for a bullish pin in an uptrend.

[@DylanLander.]

Riley you my boi!

[@thelegacyofgaming2928]

Fantastic video!

[@RileyColeman]

Thanks!

[@gopalrao7318]

wt is the time frame we have to consider 5 mts is it

[@blackshadow2582]

What time frame are you using to look for the Candle pattern/Support and resistance area. Basically what timeframe do you trade from (entry)?? Daily??? Thank you. .

[@Sony72604]

Thanks for the video. It was very helpful

[@RileyColeman]

😊

[@dreamcatcherfishing2456]

I clicked subscribe before you even told me to!

[@masarati7315]

Interesting, good video. Question is how often you see this patterns, and even better question is how successful are this patterns ... I know that are not a very fair questions, since are somewhat subjective or borderline to many traders, I guess, but if you have to give a rough estimate of percentages to a good trader.

[@intelligentcomputing]

Always use patterns in conjunction with other indicators such as trendlines, etc.

[@bambamgolf]

Thanks for the great info. One thing that i just realized is that on a few of these patterns the next candle doesn’t open on the level the previous candle closed. How would that happen? I sometimes see big gaps happening over the weekends, but never on a minute chart. Thx for the feedback

[@bambamgolf]

For example on the Island top

[@ganeskmr]

thank u sir.

[@dcdude]

Would be helpful to see these 5 patterns in columns similar to your (3) squeeze columns. Possible?

[@RileyColeman]

Oh that's an interesting thought. There is software in thinkorswim called prophet I believe that is able to spot patterns on charts for you but I don't think its super high quality. Coding that into a watch list might be really hard or not possible.

[@lihlegladnessnyanisa8904]

ohk I have decided, I like you!

[@grantkoehler7237]

Riley, thanks for the easily understood explanations on this topic. One question, the width of the candle seems to be time related. Does it represent a trading day or some other period or event?

[@RileyColeman]

Glad it was clear! A candle stick can actually be based on a lot of different things. Typically people have it based on time. A lot of my charts on my channel the charts are daily charts meaning each candle represents 1 day of the market. But you can have many different time frames where candles can represent 1 whole month or 1 minute. Just depends on what you want as a trader. Also candles can be based on other things. Some people like to have a candle based on volume so on those charts each candle can represent a certain number of shares being traded not on time.

[@ricorico7092]

Hi - is the Bullish Pin the same as Dragonfly Doji?

[@RileyColeman]

Yes! There are definitely different names for similar things in trading.

[@mybusiness9829]

Do you do currency trading?

[@RileyColeman]

No I don't I just do stocks, options and futures.

[@apathyreview3964]

I was thinking yesterday about the warning you always see with software. That 70% of retail traders loose money etc etc. I mean that's massively encouraging. The amount of idiots in the world I'm AMAZED that 30% of them are making money. Now that is below chance, but idiots find a way to loose more than chance all the time. So yeah. Maybe make a video on how they manage to loose below 50 50?

[@authenticchatbox2827]

What are your thoughts on the RSI, and how would you use it to strategize Your trading

[@RileyColeman]

I don't really use the RSI so I can't comment on that.

[@carlo9524]

The best thing about scalping is that the big banks can't capture stop losses that much. You stay away from the danger zone more often.

[@kabutarlal1926]

1. Lower wicks without follow-through the upward move and volume=Vearish 2. Consolidation with a higher low below strong HTF resistance pivot = Possibility of breakout upwards 3. Doji can also lead to continues trend

[@intelligentcomputing]

I can't help but wonder: How / where did you gain such a wealth of knowledge at such a young age?!

[@ghsf1234]

It's 2020...

[@carlo9524]

Why is Micheal Chin stopping making videos?

[@actiontraderseby982]

I set the speed to 1.5x and it was more tolerable of a pace...

[@salmanbaig8088]

Hey buddy. One of the best part of your videos is your opening magic phrase < HEY HOWZ IT GOIN> but you changed it in this one. Very sad.

[@wolfrem1991]

aren't all patterns based on psychology?

[@waltermorris5786]

Your island bottom is faulty. ..yu show a red candle followed by a gap down with a green candle...that is a kicker signal and no way it would then put in 4 candles at the same bottom level...a kicker takes with another green candle higher than the first bottom green candle...don't say I am splitting hairs...take a look at your island top...the candles are in the right order...I callsuch a formation a guad due to 4 candles...that alternate in color ..Studied price action and rich analysis for 15 yrs

[@t3fLoN77]

Is it just me, or are YT commercials getting annoyingly longer

[@ejohnson5448]

I guess I'm the only one confused 😕 Maybe I need more training

[@wilsomavo3400]

I must confess it wasn't an easy task to learn the routes on trading but with the assistance of Mr Donna it was more easyer to understand , for his assistance on strictly Forx and crypto hit him on his Gmail below

[@ck1jrb]

👍👍

[@jessicaalleena9128]

Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current situation (pandemic).

[@felipebruzzi7393]

Wtf?! Engulfing candles are impossible You always have to start from the close of the last one. Lol

[@Kakaxy]

Hindi me bta bhai

[@blairakana9984]

This whole investing is like a legal form of gambling. It is like playing a video game against other players and trying to conquer them for their next move. No thank you and I am better off going to Vegas and going on the roulette table betting black or red which is a 50-50 chance.

[@andyjacobs7010]

Lmfao

[@lorent8013]

you do you

[@pcoutpost9512]

actually 54/46 house favor (dont forget about the 0/00 green spots)

[@vertigo2894]

You are cute

[@BB-vq6cb]

Vote Trump unless you want the market to crash.