Continuous learning is a hallmark of successful traders, and your dedication to exploring and incorporating new indicators is commendable.i accept it that i have made mistake and i try to avoid it in future
recently i learnt more confirming indicators and i am learning new ones all the time because i know trading based on a few of them is easy and can cause problems
Well you can't avoid them but their number reduces as your experience and intuition grows.How do you deal with false signals when trading based on candlestick patterns?
you got lucky, lol. usually when there are false signals which indicate a breakthrough or vice versa a pull back, folks inevitably lose such positions. as you see one pattern indicaiting one thing, and then it turns out to be just a dust in the eyes.When the candlestick pattern shows me a full signal and I enter the position, then I oftentimes try to justify this opening, hahaha. You know, it's way better from the psychological point of view, cause if I admit that I have made a mistake, then it would be disappointing.
Once, I had such a situation, when the order was wrongly opened because I mistakenly thought that there was a flag signalized me to open bear position.
I did it, and then tried to find some other patterns which could justify my decision. And fortunately, the asset's price really went down.