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The book "Candle Power" by Gregory L. Morris (Probus Publishing Company,
1992) has statistics on Candlestick patterns.
All my charts I am looking at now are either candlestick charts or close
only charts. The candlesticks "speak to me" more then traditional bar
charts. To trade based on candlestick charts alone? "Crazy" undertaking in
my opinion. There are more in trading then charts pattern. But when you
looking in those patterns candlesticks "stand out" more.
Opinionated Alex.
At 08:23 PM 11/11/99 -0800, Mervin Yeung wrote:
>Hi RTs,
>
>I want to know if there is any RT who uses Japanese Candlestick patterns
>for trading purpose and is successful. I remember I read 2 or 3 books
>about candlestick (including Steve Nison's). However, I have not seen
>any statistical study on how they perform. (such as Evening Star,
>Hammer,... etc.)
>
>Japanese candlestick patterns often appear at turning points, especially
>hammers & shooting stars. I wonder why the name of a great trader is
>George Soros, not Yasuo Hamanaka.
>
>Mervin
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