Discover how candlestick patterns can help you identify high probability trading setups — so you can profit in bull and bear markets.
** FREE TRADING STRATEGY GUIDES **
The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/
** PREMIUM TRAINING **
Pro Traders Edge: https://www.tradingwithrayner.com/pte/
Pullback Stock Trading System: https://pullbackstocktradingsystem.com/
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
0:50 To get started is what is a candlestick pattern? Okay, so a candlestick pattern is essentially a method, right? Of reading a price chart. It originated back in Japan, right? That's the history. And the key component of a candlestick chart is that it shows you four things. It shows you the opening price, the price, the high of the session, the low of the session and the closing price,
2:00 How do you read a candlestick pattern? Or how do you read a candlestick chart? So remember there are only four things, the open, the high, the low, and the close. You can see that the candles are usually typically two colors, either you know, green, red, or perhaps it can be black, white. Sometimes you can even you know, change the color if you want, but generally, the most common color is green and red.
9:00 So now, I want to walk you through something what we call combining candlestick patterns. Because candlestick patterns, they are essentially just showing you the price of the different sessions. And if you think about this, right? This can be combined, right?
12:48 So now, how not to trade candlestick patterns, right? So now you know how to read candlestick pattern, you even know how to combine them, how do you not trade candlestick patterns? Because this is a mistake.
15:00 So how should you trade candlestick patterns? I would like to introduce to you something what I call the TAE framework. The TAE TAE framework, alright? So what is TAE? TAE stands for Trend, right? A is Area of value, and E stands for Entry trigger.
16:00 The engulfing pattern, right? This is the so called the theory behind it, right? So you can see that this green candle over here is what we call the bullish engulfing pattern. Why is that? Because if you look at it, right? The body of the green candle which is the... From here in the open and the close, it has engulfed the body of the previous candle.
18:00 Hammer and shooting star. Alright, so let's have a look at the hammer. So the hammer is something that you might be familiar with because you saw earlier, right? The earlier examples. So the hammer is a bullish reversal, because it's actually showing you price rejection in the market. In fact, it's rejection of lower prices.
19:20 Dragonfly and a Gravestone Doji, right? Sounds a handful but really the method is very similar to the hammer and shooting star. The only difference, right? Is that now this Doji. Doji simply means, right? A indecision in the markets. But for Dragonfly and Gravestone Doji, it's a sign of price rejection.
20:45 Morning and evening star. Red star, let's look at the star. So this is a morning star, so you can see that this is somewhat similar to the engulfing pattern, but with a slight variation to it. First candle, sellers are in control. Open over here and closing near the lows.
23:00 Finally Tweezer Top and Bottom, right? So a Tweezer Top, right? Is this one over here, okay? So this actually a Tweezer Bottom.
24:26 How does this fit into the TAE framework, right? Remember the TAE, right? Trend, Area of value, and the Entry trigger. So now we have really settle the entry trigger portion because the reversal patterns that you have seen earlier, those are entry triggers that you can use to enter the trade. But before you, you know, you trade it right? Remember we said, right? Don't trade it in isolation. This means that we have to use other factors or other market conditions, right?
** FREE TRADING STRATEGY GUIDES **
The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/
** PREMIUM TRAINING **
Pro Traders Edge: https://www.tradingwithrayner.com/pte/
Pullback Stock Trading System: https://pullbackstocktradingsystem.com/
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
** FREE TRADING STRATEGY GUIDES **
The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/
** PREMIUM TRAINING **
Pro Traders Edge: https://www.tradingwithrayner.com/pte/
Pullback Stock Trading System: https://pullbackstocktradingsystem.com/
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
0:50 To get started is what is a candlestick pattern? Okay, so a candlestick pattern is essentially a method, right? Of reading a price chart. It originated back in Japan, right? That's the history. And the key component of a candlestick chart is that it shows you four things. It shows you the opening price, the price, the high of the session, the low of the session and the closing price,
2:00 How do you read a candlestick pattern? Or how do you read a candlestick chart? So remember there are only four things, the open, the high, the low, and the close. You can see that the candles are usually typically two colors, either you know, green, red, or perhaps it can be black, white. Sometimes you can even you know, change the color if you want, but generally, the most common color is green and red.
9:00 So now, I want to walk you through something what we call combining candlestick patterns. Because candlestick patterns, they are essentially just showing you the price of the different sessions. And if you think about this, right? This can be combined, right?
12:48 So now, how not to trade candlestick patterns, right? So now you know how to read candlestick pattern, you even know how to combine them, how do you not trade candlestick patterns? Because this is a mistake.
15:00 So how should you trade candlestick patterns? I would like to introduce to you something what I call the TAE framework. The TAE TAE framework, alright? So what is TAE? TAE stands for Trend, right? A is Area of value, and E stands for Entry trigger.
16:00 The engulfing pattern, right? This is the so called the theory behind it, right? So you can see that this green candle over here is what we call the bullish engulfing pattern. Why is that? Because if you look at it, right? The body of the green candle which is the... From here in the open and the close, it has engulfed the body of the previous candle.
18:00 Hammer and shooting star. Alright, so let's have a look at the hammer. So the hammer is something that you might be familiar with because you saw earlier, right? The earlier examples. So the hammer is a bullish reversal, because it's actually showing you price rejection in the market. In fact, it's rejection of lower prices.
19:20 Dragonfly and a Gravestone Doji, right? Sounds a handful but really the method is very similar to the hammer and shooting star. The only difference, right? Is that now this Doji. Doji simply means, right? A indecision in the markets. But for Dragonfly and Gravestone Doji, it's a sign of price rejection.
20:45 Morning and evening star. Red star, let's look at the star. So this is a morning star, so you can see that this is somewhat similar to the engulfing pattern, but with a slight variation to it. First candle, sellers are in control. Open over here and closing near the lows.
23:00 Finally Tweezer Top and Bottom, right? So a Tweezer Top, right? Is this one over here, okay? So this actually a Tweezer Bottom.
24:26 How does this fit into the TAE framework, right? Remember the TAE, right? Trend, Area of value, and the Entry trigger. So now we have really settle the entry trigger portion because the reversal patterns that you have seen earlier, those are entry triggers that you can use to enter the trade. But before you, you know, you trade it right? Remember we said, right? Don't trade it in isolation. This means that we have to use other factors or other market conditions, right?
** FREE TRADING STRATEGY GUIDES **
The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/
** PREMIUM TRAINING **
Pro Traders Edge: https://www.tradingwithrayner.com/pte/
Pullback Stock Trading System: https://pullbackstocktradingsystem.com/
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
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I have learned a lot thanks
Fantastic Presentation. Just found you. Now I am fan. Good Luck
Hello, nice to meet you. Can you help us promote our game products? We will give you generous compensation. Can we talk? please send me your contact details so that I can contact you anytime if you want to work with us
If am looking at 6 months chart,does it mean each stick represents 6 months?
Hi Rayner what your motivation to make such videos eventhough i belive you have suceess in trading .
Good explanation& presentation.
Hi Rayner, what time frames did you use on your 7 examples? Thanks in advance
Thank you, Rayner, for explaining Candlestick patterns and the TAE Framework. I have a question. Can we use this for Crypto trading as well? Are there any changes we should keep in mind? Please advise. Thank you so much.
You are a best teacher
I finally start to understand how to read candlestick thank you so much God bless you ❤
Man thank
Great teacher
am grateful for this video sir. Thanks alot
You are a wonderful teacher, thanks very much
For the first time,I'm able to understand the whole trading concept. God bless you.
Thank you sir
Thanks
🙏🤗👍
thanx 😊for this tutorial it was insightful. i'm getting confuse the the colour where bullish is on the (red)left and bearish (green) left.; what determines the candles is the colour? or did i miss it!…
God bless you, I just made 800 USD from 50 USD, and lost it all…am just a new bie….your teachings are the best🎉❤❤..live long bro
Downloading this video 🧠
Thank you! Very well explained! New subs!
Hello sir, do you have a full video course for beginners? thank you i really want to learn trading..hope you can help me out.
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating..🗯️
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating..😡😡😡
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
Thanks very much for all you're doing
Great condition
I was really intimidated to learn but you really made this easy to absorb. thank you so much- amazed me
Reply
Rayner, thanks for sharing valuable information, Can You tell me please, which moving averages and candlesticks patterns are most effective for world's prominent Indexes. Please throw some light on it.