Thread: Trading strategy based on Japanese candle patterns

Another advice is to avoid overloading the graph with too many patterns.Sometimes less is more, and it is better to concentrate on a few patterns that you understand well and that you can easily identify.For example, I only use the hammer, the doji and the enveloping pattern, and I combine them with the support and resistance analysis.This simplifies my analysis and helps me make clearer decisions.

Japanese candle analysis is a powerful tool, but like everything in trading, it is not infallible.It is always advisable to confirm patterns with other indicators or with volume.And, of course, do not forget to manage the risk well, using tight stops and not risking more than you are willing to lose in each operation.

Agradezco mucho todos estos aportes. Estoy empezando a armar una estrategia que incluya los patrones que mencionaron y la confirmaci�n con indicadores como el RSI o las medias m�viles. Voy a poner en pr�ctica estas ideas y ver c�mo funcionan en los pr�ximos d�as. Definitivamente les ir� contando c�mo va.

I wish you very successful with your strategy.Remember that backtesting is crucial before implementing any new strategy in the real market.Try it in a demo account first to make sure it works well under different market conditions.Good luck!

Thank you!Yes, I will definitely do a backtesting before throwing myself with real money.Thank you all for your advice and good luck with your operations too.