So across the journey of trading I've come across different brokers and different methods of entering a trade. One thing i've noticed is that different brokers show candlestick patterns differently. The main thing is that if you were entering a trade using candle stick patterns as confirmation, then how can you be sure that a "morning star" is REALLY a "morning star" - this may just be random candles on another broker and therefore if you were using the same method on another broker it would not give you the signal although price will eventually move in the same direction.
A candle that closes higher than the open on one broker could actually close lower on another broker.
This has made me think that candlestick patterns give signals that aren't actually there.
Do we need an entry method that does not rely on candlestick formations as it could be pure luck depending on what broker you use?
What are your thoughts?
A candle that closes higher than the open on one broker could actually close lower on another broker.
This has made me think that candlestick patterns give signals that aren't actually there.
Do we need an entry method that does not rely on candlestick formations as it could be pure luck depending on what broker you use?
What are your thoughts?