Comments on: Trading 101: Recommended Reading - ‘Japanese Candlestick Charting Techniques’ http://tradermike.net/2004/06/trading_101_recommended_reading_japanese_candlestick_charting_techniques/ Stock market commentary & trading ideas. Stock market weblog (blog), swing trading, day trading, stock picks, technical analysis, stock charts, stocks. Wed, 08 Oct 2008 08:03:11 +0000 http://wordpress.org/?v=2.6.2 By: Michael http://tradermike.net/2004/06/trading_101_recommended_reading_japanese_candlestick_charting_techniques/#comment-559 Michael Tue, 15 Jun 2004 03:19:20 +0000 http://www.tradermike.net/2004/06/trading_101_recommended_reading_-_japanese_candlestick_charting_techniques/#comment-559 Yeah, like I said above, you can't use candles by themselves. IMO, the trend has to be considered first, then everything else gets layered/applied on top of that. If you try to buy a stock in a downtrend based off of some bulish candle you odds of success will be really bad. Ditto with being aware of support & resistance and overbought/oversold. Yeah, like I said above, you can’t use candles by themselves. IMO, the trend has to be considered first, then everything else gets layered/applied on top of that. If you try to buy a stock in a downtrend based off of some bulish candle you odds of success will be really bad. Ditto with being aware of support & resistance and overbought/oversold.

]]> By: muckdog http://tradermike.net/2004/06/trading_101_recommended_reading_japanese_candlestick_charting_techniques/#comment-558 muckdog Tue, 15 Jun 2004 01:45:36 +0000 http://www.tradermike.net/2004/06/trading_101_recommended_reading_-_japanese_candlestick_charting_techniques/#comment-558 I haven't had much luck with the candlesticks. I programmed a bunch into my charting software and backtested them, and decided to pass. I've found it best to combine a few things, 3-4 at the most, and even then it's tough. Right now, I'm long. Using only sentiment and seasonality as indicators, and ignoring charts. I haven’t had much luck with the candlesticks. I programmed a bunch into my charting software and backtested them, and decided to pass. I’ve found it best to combine a few things, 3-4 at the most, and even then it’s tough.

Right now, I’m long. Using only sentiment and seasonality as indicators, and ignoring charts.

]]> By: Sixth World Management and Commentary http://tradermike.net/2004/06/trading_101_recommended_reading_japanese_candlestick_charting_techniques/#comment-560 Sixth World Management and Commentary Tue, 15 Jun 2004 00:45:09 +0000 http://www.tradermike.net/2004/06/trading_101_recommended_reading_-_japanese_candlestick_charting_techniques/#comment-560 <strong>The long term contrarian</strong> Once again I will pay tribute to The Chairman and Trader Mike. The Chairman's June 14th post talks about how the best time to buy is when everyone is scared. How right he is. To me that's a contrarian strategy for the long term and its succes... The long term contrarian

Once again I will pay tribute to The Chairman and Trader Mike. The Chairman's June 14th post talks about how the best time to buy is when everyone is scared. How right he is. To me that's a contrarian strategy for the long term and its succes…

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