We learn to read the candlestick chart by grouping candlesticks together to reach some sort of formation. Each formation sends a signal of whether it is a good place to BUY or SELL. There are so many formations to learn and to know all would be a real gift to your trading, but is it really worth studying these different formations?. Do they really help traders make the right decisions? When I was working on a strategy where I wanted to buy at the bottom of an uptrend and sell at the top of a down trend, it sounded a bit impossible for most traders when I tried to talk about this idea. There were a lot of mixed emotions and I was met with many unpleasant traders who thought i was just plain stupid. During the course of research and testing, I found that reading candlesticks in formations is a very daunting task. I then tried to read them individually , taking each candle's story as the day unfolds to see if I can see a trend developing. Well, I was surprised to find a few things that , I will not mention here, but has helped me with my new winning strategy. Below are some of my trades where I was able to place my buys at the bottom of an uptrend and my sells at the top of a downtrend. Just by learning to read the candlesticks individually, can tell you of what to expect. Take for instance this chart below where i managed to place my SELL right at the top of the trend, before I could place this trade, I noticed that the previous candlesticks were really short and the price was just moving sideways for quite a while. That is a sign for a big move, when the price went beyond the open, I placed my SELL and minutes later came that big fall. These are other examples of this strategy at work: My advice for those who would like to create winning strategies is to learn to read the candlesticks individually. Spend a whole day or a whole week just staring at them and see how each candle contribute to the overall market performance for the day.