It's impossible to determine entry and exit points by only looking at candlesticks; why are naked candlestick traders still so confident?

Naked candlestick traders don't just look at candlesticks; they also need to consider momentum (trend, position, pattern), especially key levels (dense support and resistance), as well as larger time frames and the strength of bulls and bears.

Focusing only on candlesticks is like a swordsman holding a superb sword without a handle; you cannot utilize the candlestick's function at all.

Here’s an example of not considering the trend and position, only looking at the candlestick pattern.

According to general candlestick patterns, this H4 wave can be considered a W bottom, will it lead to a bullish outlook?

Afterwards, it just dropped down sharply. Those who went long could only do so for the short term; those who didn't stop-loss might even face liquidation.

Another false breakout in candlesticks; such false breakouts have frequently occurred in gold over the past 7 years.

Arrow 1 points to a small key level, and Arrow 2 indicates a false breakout. Those who open positions on breakouts are likely to be trapped by Arrow 2.

This is a typical result of looking only at candlesticks without considering key levels.

There are also core methods for judging bullish and bearish strength using candlesticks, combined with key levels, trends, and candlestick patterns, which can more effectively capture the market's true signals.

It's not enough to just memorize Japanese candlestick patterns to dominate the market; it's not that naked candlestick trading can't work, it's that the methods differ. Do more backtesting to find the issues.