I’ve had several people ask me for more details about my trading process and the software that I use. Hopefully this post will answer those questions. Please leave any other questions n the comments section. I’m going to run through the hardware and software that I use as well as how I manage [...]

The other day Ken left a comment with some good questions about Japanese candlesticks. I thought I should answer them in a new post in case others had similar questions. Here’s Ken’s comment:

I notice there are some black candles on your charts. Why are they in black? On the WIRE chart, why do [...]

You won’t see many better looking morning star patterns than this:

Tags: Bullish_Candlesticks, Japanese Candlestick Charts, Morning_Star

Here’s my answer to the following question which was posted in my comments yesterday by Gary:

I’ve signed up for an evaluation of TC2000, which I was previously unaware of. However, after studying Worden’s videos and Help Contents on individual indicators, I’ve tried to find out if they would recommend where I could find info on [...]

I’ve been having a discussion with Charles about using candlestick analysis on the chart of EWJ, which is an exchange traded fund (ETF) that tracks the MSCI Japan Index. Charles pointed out the large number of open windows (gaps) on the chart which should serve as support/resistance. I brought up the question of [...]

Here’s a document I put together a few years ago to serve as a candlestick quick reference and cheat-sheet of sorts. (PDF | MS Word) In addition to definitions and charts it gives a little bit of the psychological ramifications of each pattern.

Tags: Japanese Candlestick Charts, Resources

Learning how to use candlestick charts was probably the second most important thing I’ve learned (money management is a clear #1) since I started trading for a living. The funny thing is that when I started trading all of the charts in my trading software were defaulted to displaying candlestick charts. At that [...]

I thought I’d walk through the NASDAQ chart for the last month or so to show you how I came up with my game plan. This chart will look a bit different than the charts I usually post because I’m showing Guppy’s Multiple Moving Averages instead of just showing the 10, 50 and 200-day [...]

I noticed yesterday that the NDX/QQQ was a bit weaker than the NASDAQ as a whole. CNBC just did a piece on the bearish engulfing pattern made by the NDX yesterday. They did this while showing a line chart, instead of a candlestick chart (WTH?). So I thought I’d post the candle [...]

As I suspected, the market gapped open this morning, launching the S&P 500 over that 965 level. It was off to the races for the market until the Dow touched the 9,000 level. Sellers then stepped in and smacked the market back down. Though the Dow and S&P managed to close on [...]