The Truth Behind Candlesticks [Finally Revealed]

Follow Mariana's Journey, join www.anticipate.ae - A Brand New Learning Experience
Hammers, pin bars, exhaustion candles, and candlesticks reversal patterns, so many names are used to describe when a market will turn. What is the best way to use candlesticks in trading, and how are they useful? Find out in the video.
➡️ Learn how to look at the market, join the Mastering Price Action 2.0 Program:
www.urbanforex.com/mpa-2-0-le...
⭐️ Receive a Powerful Free Foundational Course and webinar notifications:
www.urbanforex.com/free-course
💻 Urban Forex Website: www.urbanforex.com
📱Urban Forex Mobile Apps:
www.urbanforex.com/app-store
📈 Navin is using the software TradingView to look at his charts, get your access to the same charts here: www.tradingview.com/?aff_id=1...
//DISCLAIMER
This video expresses our personal opinions only. Trading financial markets involves risk, and is not suitable for all investors. We are not responsible for any losses incurred due to your trading or anything else. We do not recommend any specific trade or action, and any trades you decide to take are your own.

[@michaeldaniel9457]

Thank you so much Navin 😊 you made me understand how important the Higher time frame is

[@urbanforex]

That's really nice to know! Great important lesson for sure! 😊

[@MeetPrinceOla]

Video Summary:
Candlestick patterns are important to know, but they should be used as informational tools rather than signals for trading decisions. Understanding the history and purpose behind candlesticks helps to avoid falling into the trap of blindly reacting to patterns. Reading the market dynamics and considering candlestick patterns in the right context can be useful, but relying solely on them can be risky.
- 00:00 Pin bars or rejection candles are popular candlestick patterns, but blindly trading based on them can be dangerous.
- 01:28 The speaker discusses a trade on the Pound Aussie, emphasizing the importance of understanding the reason behind candlestick patterns rather than just labeling them.
- 02:53 Candlestick patterns were created by a Japanese rice trader for informational purposes, not as a signal service.
- 04:20 Candlestick patterns can be useful in the right context but can also be your worst nightmare in the wrong context.

[@urbanforex]

Very nice summary!! 😍

[@josephlahun2205]

Haven't used candlesticks for the last six months or so. Have been using the line chart to cut out all the noise, and been holding on to trades longer because of it. I just follow the trend and watch for pull backs. Had a 150pip win last night on aud/usd which I got into on Tues. Sticking to the 1hr and above has also helped me keep keep those trades running longer too.

[@urbanforex]

Very nice!!! Keep up the great work!!! 💪

[@lifedeepa7543]

Excellent, concise and informative video, thank you Mariana for asking such good questions on our behalf :)

[@urbanforex]

It's awesome to hear it was useful for you 😊🙏

[@brucesmith6868]

Great interpretation Navin thank you

[@urbanforex]

Thanks for you support 🙏

[@michaeldaniel9457]

This is amazing 👏👏👏

[@urbanforex]

Thank you for the kind words!! 🥰

[@adanrodriguez8895]

good tips, very good short ones

[@urbanforex]

🙌

[@chamarosters1367]

Thank you

[@urbanforex]

🙏

[@jasonrajotte5172]

Everything you need to know is right there on the charts! Trust the charts, not the info!

[@urbanforex]

❤️

[@saadaqcade9632]

good information

[@urbanforex]

Thanks for watching 😊

[@urbanstocktrading]

Very nice...❤

[@urbanforex]

❤️

[@iTradeForex]

just amazing , I really wonder sometimes where did you get this all information ? Who is behind you ?

[@urbanforex]

Navin studied for many years to get where he is now 😉

[@marcioavmartins]

This guy is awesome

[@urbanforex]

🥲🥲🥲

[@urbanforex]

😊😊😊

[@01sigma]

Thanks Navin,Mariana - @2:01 with that large wick, what confluence made the next setup a buy ? that same wick with it’s body closing below the previous candle could’ve been a reversal, correct ? I’m just trying to frame your explanation.. always ask why ?? which is the missing part that I can’t get around !.

[@urbanforex]

The story has been showing the Buyers willing to pay higher and higher prices. So you're right that is a huge rejection and according to Technical Analysis that should crash down from here. But even with that, the sellers are still unable to make a Lower Low. The Buyer is still willing to take a higher price showing their desperation.

[@alinajon4602]

First time watching your channel, did you guys offer free chat analysis for we that are less privilege to buy a course?

[@urbanforex]

Welcome Alina! We can only offer analysis to student who trades our concepts, so when you purchase our Mastering Price Action 2.0 program - you have our whole educational support team at your disposal 😊

[@drazzle6267]

🔥🔥🔥

[@urbanforex]

🔥

[@east2west2east]

Would you consider this trade a risky one? As the momentum seems to be a little less from the image/context shown. BTW thanks a lot, learning a lot from you.

[@urbanforex]

The story of this trade came from a higher timeframe so the slow down of momentum was a good thing for us. It generally happens too leading up to big news events.
That's great to hear, thanks for watching 🙏

[@forexkhan7421]

Thank you for series,
Can you ask Navin why he doesn't take trades on gold?

[@urbanforex]

We love Forex because of Correlation. It tells us where to focus on and we just follow! 😃

[@forexkhan7421]

@@urbanforex valid point, ☝️

[@urbanforex]

😉😉😉

[@tmcartels]

Thanks to the teams, Does it mean i should not focus on candle stick pattern instead i should focus on direction?

[@innate7260]

It means that certain candles have more influence depending on the direction,,so in uptrend, on a pullback,,waiting for a higher low,,a pinbar or a bullish engulfing holds more weight,,,read the candlestick bible,,it's a must read

[@urbanforex]

We should know what the candle stick patterns means but then apply that to the whole story being told on the charts.

[@tmcartels]

​@@urbanforexOkay that means candle stick are more useful on higher timeframes?

[@urbanforex]

No, it means candlesticks are informative, but shouldn't be the main focus 😊

[@cedricchan6387]

Very good! I always find candkestick trading ridiculous. Those books always make it sound like the candkestick patterns are the factors that decide the market direction but the market is so big, how can a few candkesticks decide the market direction?! Finally...this makes sense to me

[@urbanforex]

I know, right?!?! 🤔

[@michaeldaniel9457]

One question sir. If am Trading with Candle sticks, does this mean that i should look out for the ones formed on the Higher time frame, 4H or Daily???😟

[@urbanforex]

Candlesticks are there so we can use as a guidance. But they shouldn't be the main focus 😊

[@dineshkuyate9685]

mastering 2.0 where

[@urbanforex]

If you're referring to our MPA 2.0, here's the link to the course www.urbanforex.com/mpa-2-0-learn-more 😉

[@arafatulhasan1150]

This is an epic

[@urbanforex]

🙏

[@marurqd1]

Navin is any way to contact you privately I am long time student

[@urbanforex]

Feel free to reach out to us at [e-mail]

[@bensemuyaba2994]

First viewer ❤

[@urbanforex]

Thank you! Stay tuned for the next one ❤️

[@normaabarico5045]

💯💯💯🙏🙏🙏❤❤🎉🎉

[@urbanforex]

❤️❤️❤️

[@ndubuisiharrison7578]

I'm a Nigerian, and our dear country restricts certain payment methods. I wish to make an anticipated payment, but unfortunately, I can only do so using cryptocurrency. Could you kindly provide me with the necessary details for the transaction, including your address?

[@urbanforex]

Please reach out [e-mail] and they can help you further there

[@theblockcat-ain1572]

Real professional traders knows...follow trend...time frame alignment....price action. Candle sticks patterns is just a way for youtube traders to sell their programs for 500.00. Im success and NEVER used candlesticks to trade.

[@urbanforex]

Congratulations on your success 🙌

[@laminulams8723]

I'm successful but rely on candle stick