Friday, February 23, 2007

Candlestick Charting

Japanese Candlestick Charting will be my preferred method of studying price movement.

There's quite a large array of patterns to be keeping an eye out for in the world of candlesticks. I found a good starting point to be this web site devoted to the matter. I'll be keeping an eye out for Reversal and Continuation patterns while using 15 &/or 30-minute bars for noise reduction that's common with the shorter period bars. There's just so much information on the subject matter and I couldn't get by without; Japanese Candlestick Charting Techniques by Steve Nison. It is absolutely indispensable.

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