Would Trading Candlestick Patterns With Renko Be Effective?

#1

Subject is title.

#2

You can’t they are all the same size. so you don’t have the candle patterns

Also renkos are horrible don’t use them they don’t have real wicks.

Check out our diagnostic bars (similar to renko but 100x better and they are accurate.

Also don’t trade candlestick patterns they give you no edge.

#3

one particular trader I found online promotes their futures trading course and emphasizes candlestick patterns (morning star, doji, hammer, three white soldiers, piercing candle, engulfing, etc.) The internet is chock full of posters you can buy with the names of these patterns, flash cards, etc.

I bought some books on this, too, to learn them. On my charts I learned to draw triangle patterns, wedges, fibonacci retracements, elliott waves, etc.

Another person called them silly; that they are a self-fulfilling prophecy type of thing…the trader draws these patterns and because they appear to work sometimes, the trader believes he was right because of the patterns drawn/uncovered.

I’ve heard both sides: they are useful and they are B.S. Are all these patterns silly engagement tools or do they have a useful purpose…just not here?

Should I stop investing time learning them?