Using Candlestick but NOT Seeing the Light

The internet is chocked full of blogs, sites and training courses that include a well-known approach to market analysis using candlestick formations.  For those of you who don t know already, candlestick formation usage in trading attempts to look at a certain type of candle or group of candles and make a prediction on where the instrument may head after this given formation.  They have catchy names like gravestone doji , hanging man , and shooting star just to name a few of the myriad out there.  Problem is, when you go out and look for these formations, they don t always seem to work as advertised.  So are they useful or not?  Depends on HOW you use them! So here are some tips in getting those well-talked about formations into action you can use in your trading decisions: Take The Long View:  Although candlestick formations theoretically should work on any timeframe, from my experience they really only consistently provide useful information on the bigger timeframes like daily
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