What use are Candlesticks Patterns?

Candlesticks patterns are probably the easiest ways to understand what is going on in a market. We can see them in all markets and on all timeframes.

Using candlestick patterns, we can picture the mood of the market. They are a language to help make sense of the chaos. 
 

But what patterns are effective?

There is a lot of information about candlesticks on the internet. Some of it is useful but most of it is hearsay and speculation.

I have decided to delve into this issue and get some hard evidence on what works and what doesn't.

I have started a new series on trading effectively with candlestick patterns. The first step is a new Excel spreadsheet containing 21 Candlestick Patterns.

Click here to see my new 21 Candlestick Patterns Spreadsheet

Secondly, I have recorded a video showing my analysis of three popular patterns. I investigate how they perform on recent historical data.

You can watch the latest video by clicking below: