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Candlesticking 101--the short version for easy money...

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Money Talk > Investing, Stocks and Bonds

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jwhite622
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Candlesticking 101--the short version for easy money...  Reply with quote  

Making money in the market is all about entry/exit timing.

There are many theories on how to do this, but let's discuss candlesticks!

First read this web tutorial...it will teach you various PROVEN trends in the market for reversal's.

http://www.stockcharts.com/education/ChartAnalysis/candlesticks.html

What is your most repeated candlestick signal (your trusted signal)--

So far, I have found the shooting star/hammer are perfect signals, and over 80% accurate...

J
Post Sun Apr 30, 2006 1:07 am
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Safora
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That was a really good site for explaining the basics of candlestick charting. Thanks for posting it.
Post Sun Apr 30, 2006 3:28 am
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ashraf
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Candlesticks can only tell you half of the story. The other half relies on your perception and analysis. Sometimes, candlesticks can trick you. Bear in mind that you will have different candlestick formations depending on whether you are looking at daily, weekly or even monthly charts.

You can not become free by accepting to be occupied
Post Sun Apr 30, 2006 7:16 am
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jwhite622
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quote:
Originally posted by ashraf
Candlesticks can only tell you half of the story. The other half relies on your perception and analysis. Sometimes, candlesticks can trick you. Bear in mind that you will have different candlestick formations depending on whether you are looking at daily, weekly or even monthly charts.


Excellent point...so thus, everyone now has a disclaimer...

Important things to take into consideration are...

1. The stocks trend
2. The sectors trend
3. The daily vs. weekly vs. intraday candlesticks=the average opinion on the stock

Thanks ashraf!

Do you have a favorite reversal???

J
Post Sun Apr 30, 2006 4:10 pm
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ashraf
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quote:
Originally posted by jwhite622
quote:
Originally posted by ashraf
Candlesticks can only tell you half of the story. The other half relies on your perception and analysis. Sometimes, candlesticks can trick you. Bear in mind that you will have different candlestick formations depending on whether you are looking at daily, weekly or even monthly charts.


Excellent point...so thus, everyone now has a disclaimer...

Important things to take into consideration are...

1. The stocks trend
2. The sectors trend
3. The daily vs. weekly vs. intraday candlesticks=the average opinion on the stock

Thanks ashraf!

Do you have a favorite reversal???

J


You are welcome.

Doji stars are my best reversal signals.

You can not become free by accepting to be occupied
Post Mon May 01, 2006 6:38 am
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