| Candlesticking 101--the short version for easy money... |
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jwhite622
Full Member
Cash: $ 17.25
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Joined: 02 Apr 2006
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| Candlesticking 101--the short version for easy money... |
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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
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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.
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Sun Apr 30, 2006 3:28 am |
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ashraf
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Joined: 24 May 2005
Location: The Middle East
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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
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Sun Apr 30, 2006 7:16 am |
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jwhite622
Full Member
Cash: $ 17.25
Posts: 84
Joined: 02 Apr 2006
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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
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Sun Apr 30, 2006 4:10 pm |
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ashraf
Preferred Member
Cash: $ 27.69
Posts: 141
Joined: 24 May 2005
Location: The Middle East
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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
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Mon May 01, 2006 6:38 am |
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Benstoke
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Cash: $ 5.05
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Joined: 22 Nov 2017
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There are many theories on how to do this, but let's discuss candlesticks! 220-1001 dumps
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Wed Mar 13, 2019 8:28 am |
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