Summary of "ক্যান্ডেলের সাইকোলজি Free Complete Candlestick Patterns | Full Course: Basic To Advanced - (PART 04)"
Summary of "ক্যান্ডেলের সাইকোলজি Free Complete Candlestick Patterns | Full Course: Basic To Advanced - (PART 04)"
This video is a comprehensive lesson on understanding Candlestick Patterns in financial markets, focusing on the psychology behind each candle rather than just memorizing candle names. It aims to guide traders from basic to advanced concepts, emphasizing practical application and market context over theoretical knowledge.
Main Ideas and Concepts
- Importance of Candlestick Patterns in Trading
- Candlestick Patterns are universal and can be applied in any market (Forex, Crypto, Stock).
- Understanding candles is the fastest way to learn trading and investing.
- Trading is not about memorizing candle names but understanding market psychology behind candles.
- Candlestick Patterns reflect the battle between buyers and sellers (50% buyers, 50% sellers).
- The candle's body and shadows (wicks) reveal who dominates (buyers or sellers) and where rejection occurs in the market.
- Basic Elements of a Candle
- Four key elements: Opening price, Closing price, High price, Low price.
- Green candles indicate buying pressure (close higher than open).
- Red candles indicate selling pressure (close lower than open).
- Shadows/wicks represent rejection zones where price was pushed back.
- The candle body size shows the dominance of buyers or sellers.
- Types of Candlestick Patterns
- Single Candlestick Patterns (e.g., Hammer, Inverted Hammer, Doji, Spinning Top, Marubozu).
- Double Candlestick Patterns (patterns formed by two candles indicating potential reversals).
- Multiple Candlestick Patterns (complex patterns formed by more than two candles).
- Importance lies in the context of the candle within the market trend and zones, not the pattern name alone.
- Market Psychology via Candles
- Market is a fight between buyers and sellers; dominance determines candle color and shape.
- Rejection zones are critical for understanding potential reversals or continuations.
- Candles alone do not guarantee trade signals; confirmation from market zones, trends, and liquidity areas is essential.
- Trading based solely on candle patterns without considering market context is risky and often leads to losses.
- Trading Methodology & Strategy
- Always confirm candlestick signals with market zones (support/resistance, liquidity zones).
- Use candle patterns to identify potential reversal or continuation areas but do not rely solely on them.
- Recognize market swings, pullbacks, and consolidation phases to better time entries and exits.
- Avoid trading on single candles without confirmation; wait for additional signals like breaks of ranges or trend lines.
- Understand that market movement is dynamic and involves multiple swings, stops, and liquidity hunts.
- Risk and money management are crucial but not covered in detail in this video.
- Learning and Mindset
- Trading requires patience and gradual learning; success does not come overnight.
- Most traders lose because they do not follow a structured learning roadmap or ignore market psychology.
- The instructor encourages viewers to trust the process and practice consistently.
- Emphasizes humility and continuous improvement, sharing personal struggles and dedication.
- Encourages avoiding gambling mentality and focusing on disciplined trading.
- Additional Notes
- The instructor discourages memorizing candle names; instead, focus on understanding candle behavior and market context.
- The video includes motivational elements, emphasizing hard work, faith, and perseverance.
- The instructor offers ongoing support via Telegram and other resources.
- The course is structured to build from basics to advanced Candlestick Patterns and trading psychology.
Detailed Bullet Points of Key Methodologies and Instructions
- Candlestick Anatomy and Interpretation
- Identify candle body (difference between open and close).
- Identify wicks (high and low points beyond the body).
- Determine dominance: If close > open → buyers dominate (green candle); if close < open → sellers dominate (red candle).
- Observe shadows for rejection: Long wicks indicate rejection of price levels.
- Types of Candlestick Patterns
- Single Candlestick: Hammer, Inverted Hammer, Doji, Spinning Top, Marubozu.
- Double Candlestick: Patterns formed by two candles indicating reversals or continuation.
- Multiple Candlestick: Complex patterns involving several candles.
- Trading Confirmation Process
- Do not trade on a single candle pattern alone.
- Confirm candle signals with market context:
- Trend direction (bullish or bearish).
- Support and resistance zones.
- Liquidity zones and order blocks.
- Wait for confirmation candle(s) after a potential reversal candle.
- Market Structure Understanding
- Recognize swing highs and lows.
- Identify pullbacks and retracements.
- Understand consolidation phases and fake breakouts.
- Psychology and Market Dynamics
- Market is a battleground between buyers and sellers.
Category
Educational
