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
Sun Apr 30, 2006 1:07 am
Safora Full Member
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That was a really good site for explaining the basics of candlestick charting. Thanks for posting it.
Sun Apr 30, 2006 3:28 am
ashraf Preferred Member
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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
Sun Apr 30, 2006 7:16 am
jwhite622 Full Member
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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
Sun Apr 30, 2006 4:10 pm
ashraf Preferred Member
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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
