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Episode Synopsis
Day Trading Chart Patterns (Deepak Mote)
- Amazon USA Store: https://www.amazon.com/dp/B0CB4V5YGC?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/Day-Trading-Chart-Patterns-Deepak-Mote.html
- Apple Books: https://books.apple.com/us/audiobook/day-trading-2-manuscripts-absolute-beginners-guide/id1357345055?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
- eBay: https://www.ebay.com/sch/i.html?_nkw=Day+Trading+Chart+Patterns+Deepak+Mote+&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339060787&customid=9natree&toolid=10001&mkevt=1
- : https://mybook.top/read/B0CB4V5YGC/
#daytrading #chartpatterns #priceaction #candlestickpatterns #riskmanagement #DayTradingChartPatterns
These are takeaways from this book.
Firstly, Price action foundations for intraday decision making, A core theme is learning to read price as a story of supply and demand rather than as random movement. The book’s focus on price action typically starts with structure: higher highs and higher lows in an uptrend, lower highs and lower lows in a downtrend, and range conditions where price oscillates between boundaries. From there, traders can frame each session by asking simple questions: Where is the market in relation to prior swing points, key levels, and the current day’s range? What does the sequence of candles suggest about momentum and participation? Understanding context matters because the same candle pattern can mean different things in different locations, such as a reversal signal at resistance versus a pause during a strong trend. This foundation supports practical planning: defining invalidation points, identifying likely continuation zones, and avoiding low quality trades in the middle of noisy ranges. By emphasizing structure and context, the approach encourages traders to become selective, to wait for confirmation, and to align setups with the broader intraday narrative instead of reacting to every fluctuation.
Secondly, Candlestick patterns and what they imply about buyer seller control, Candlestick patterns are presented as visual summaries of trading pressure within a time window. Common signals used by day traders include pin bars and hammers that show rejection, engulfing patterns that suggest a momentum shift, and doji like candles that reflect indecision. The practical value comes from linking shape to behavior: long wicks can indicate failed attempts to push price beyond a level, while large bodies can indicate decisive control by one side. The book’s combined framing with price action helps readers avoid treating candlesticks as standalone magic signs. Instead, it encourages asking whether the candle appears at a meaningful location such as prior support or resistance, a trendline touch, a breakout retest, or a key session high or low. It also pushes for confirmation techniques that many traders use in practice: waiting for the next candle to validate direction, checking whether volume or volatility expands, or ensuring the pattern aligns with trend bias. This lens makes candlesticks less about memorization and more about interpreting intent and probability.
Thirdly, High probability chart patterns used by day traders, Beyond individual candles, the book highlights recognizable chart formations that traders use to anticipate continuation or reversal. These often include triangles and wedges that compress volatility before a directional move, flags and pennants that represent pauses after an impulse, double tops and double bottoms that show repeated rejection, and head and shoulders style structures that can signal distribution or accumulation. The key learning point is that patterns are not guaranteed outcomes, so traders must define what confirms the setup. Confirmation can include a clean break of a neckline or boundary, a retest th...
- Amazon USA Store: https://www.amazon.com/dp/B0CB4V5YGC?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/Day-Trading-Chart-Patterns-Deepak-Mote.html
- Apple Books: https://books.apple.com/us/audiobook/day-trading-2-manuscripts-absolute-beginners-guide/id1357345055?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
- eBay: https://www.ebay.com/sch/i.html?_nkw=Day+Trading+Chart+Patterns+Deepak+Mote+&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339060787&customid=9natree&toolid=10001&mkevt=1
- : https://mybook.top/read/B0CB4V5YGC/
#daytrading #chartpatterns #priceaction #candlestickpatterns #riskmanagement #DayTradingChartPatterns
These are takeaways from this book.
Firstly, Price action foundations for intraday decision making, A core theme is learning to read price as a story of supply and demand rather than as random movement. The book’s focus on price action typically starts with structure: higher highs and higher lows in an uptrend, lower highs and lower lows in a downtrend, and range conditions where price oscillates between boundaries. From there, traders can frame each session by asking simple questions: Where is the market in relation to prior swing points, key levels, and the current day’s range? What does the sequence of candles suggest about momentum and participation? Understanding context matters because the same candle pattern can mean different things in different locations, such as a reversal signal at resistance versus a pause during a strong trend. This foundation supports practical planning: defining invalidation points, identifying likely continuation zones, and avoiding low quality trades in the middle of noisy ranges. By emphasizing structure and context, the approach encourages traders to become selective, to wait for confirmation, and to align setups with the broader intraday narrative instead of reacting to every fluctuation.
Secondly, Candlestick patterns and what they imply about buyer seller control, Candlestick patterns are presented as visual summaries of trading pressure within a time window. Common signals used by day traders include pin bars and hammers that show rejection, engulfing patterns that suggest a momentum shift, and doji like candles that reflect indecision. The practical value comes from linking shape to behavior: long wicks can indicate failed attempts to push price beyond a level, while large bodies can indicate decisive control by one side. The book’s combined framing with price action helps readers avoid treating candlesticks as standalone magic signs. Instead, it encourages asking whether the candle appears at a meaningful location such as prior support or resistance, a trendline touch, a breakout retest, or a key session high or low. It also pushes for confirmation techniques that many traders use in practice: waiting for the next candle to validate direction, checking whether volume or volatility expands, or ensuring the pattern aligns with trend bias. This lens makes candlesticks less about memorization and more about interpreting intent and probability.
Thirdly, High probability chart patterns used by day traders, Beyond individual candles, the book highlights recognizable chart formations that traders use to anticipate continuation or reversal. These often include triangles and wedges that compress volatility before a directional move, flags and pennants that represent pauses after an impulse, double tops and double bottoms that show repeated rejection, and head and shoulders style structures that can signal distribution or accumulation. The key learning point is that patterns are not guaranteed outcomes, so traders must define what confirms the setup. Confirmation can include a clean break of a neckline or boundary, a retest th...
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