Candle Stock Charts I have been experimenting with them. I do not commit alot of capital to these trades, as I am not comfortable with them yet. I have been told not to use them exclusively. A. Any pro's and con's? B. What other studies compliment them well? Brendan P. Byrne Trader
You are going to get 9 million different philosophies and responses The simple answer â use what fits your eye - periodâ¦.. no matter it a candlestick chart, a line chart, or a bar chart⦠Hell some donât even use a chart⦠:eek: Regards RN
I primarily use OHLC charts and trade with the trend and market. I dabble with Candle Setups. I just use them when there is an absolute run away stock or collapse. I use them as an indication that a stock has stopped going up, or down.
There's a difference between using candlestick charts versus using Japanese Candlestick patterns. Also, most traders that use candlestick charts are not using Japanese Candlestick patterns. By the way, there's already like +30 threads on this topic. Combine them with anything that deals with supply/demand analysis and you'll increase the reliability of Japanese Candlestick patterns assuming you have a good understanding of supply/demand. Mark
I personally find that candles improve my timing and patience substantially. I have congested bars, regular bars, and candlesticks for each chart I monitor. They are particularly useful for swing trading, at least from my experience.