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Glad you enjoyed it. I agree this list needs to lighten up!
I'm surprised I havn't heard from any of the candlestick affectionados.
... John
Ron Sanders wrote:
>
> "Shaven Curly/Moe/Larry candlestick or something".....ROFL LOL...I have to
> tell you I almost couldn't stop giggling all night after you relayed your
> discovery of the "holy grail of candlesticks". I too have not yet
> discovered the "glow" from candlestick charting.
>
> Thanks for the humour...after seeing a few of the posts lately a few need
> to lighten up!
>
> At 10:30 PM 98/09/13 -0700, you wrote:
> >Jim, Bill...
> >
> >I have to agree with you guys on the Candlesticks signals. I have tested
> >them extensively and found no real advantage to using them. I suppose
> >that they may be valuable to a discretionary trader looking at the chart
> >but then again, they didn't test out with any advantage so that
> >shouldn't help. I too have wondered when I see someone with trading
> >success saying they work. Candlesticks and their patterns are just a
> >clearer visual depiction of individual bar patterns, if we do pattern
> >analysis/system design using O,C,H and L it's really the same thing only
> >bar charts are simpler. A good example might be buy when C>(H+L/2), is
> >this a candlestick? If I said buy when C>(H+L/2) and C=H that may be a
> >"Shaven Curly/Moe/Larry" candlestick or something but not as robust as
> >the former. As a position trader, I personally see alot of intraday
> >action as noise, I don't want to emphisize that with candlesticks(this
> >would not be true if I were watching real-time intraday charts). Anybody
> >have an explanation/thoughts?
> >All this is simply MHO :-)
> >
> >... John
> >
> >Bill G Bolumen wrote:
> >>
> >> Jim,
> >> I have to agree. I also tried Candlesticks for about 6 months with
> >> both Telescan and Metastock and was unsuccessful generating any
> >> reliable signals although some people swear by it, I have yet to see
> >> it demonstrated consistently. Even as an additional indicator, I
> >> completely stopped looking at it.
> >> Good luck this week.
> >> Bill
> >>
> >> -----Original Message-----
> >> From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
> >> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> >> Date: Sunday, September 13, 1998 3:39 PM
> >> Subject: Re: Weekly Pick
> >>
> >> Guy,
> >> I have Nison's book on "Japanese Candlestick Charting
> >> Techniques" and have tried to follow/use some of the
> >> formations with no success what so ever. I even tried some
> >> systems with candlestick formations, but didn't get good
> >> returns. I'm convinced that there may be something to it
> >> and even use the Candlestick charts, but so far it just
> >> hasn't soaked in <G>.
> >>
> >> Jim
> >
> >
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