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Are candlesticks really efficient?
Yes they are, but like every other technical indicator, it has to be used in conjunction with another indicator.
Yes, Higher timeframe additionally a MACD or EMA should be used.
Mhenn.. honestly, i cant rely 100% on them.
No lol... They could work today and tomorrow, they are doing a totally different thing. They are not just reliable please dont rely on them.
True bro. 100%
if you trade patterns like triagles, rectangle, then you are trading candlestick, cos those patterns formed on lower timeframes are candlestick patterns on higher timeframes
Yoo... I noticed that....
Personally, i feel the Most efficient are Engulfing, morning star, evening start, Doji
It is more efficient on higher timeframes... Candlestick patterns on lower timeframes are quite unreliable.
i'll say 50% efficient.
Even 0% efficient. LOL
Yes they are, but like every other technical indicator, it has to be used in conjunction with another indicator.
Mhenn.. honestly, i cant rely 100% on them.
No lol... They could work today and tomorrow, they are doing a totally different thing. They are not just reliable please dont rely on them.
Personally, i feel the Most efficient are Engulfing, morning star, evening start, Doji
It is more efficient on higher timeframes... Candlestick patterns on lower timeframes are quite unreliable.
i'll say 50% efficient.