candle sticks

Discussion in 'Trading' started by seadog, May 29, 2008.

  1. seadog


    Anyone use candle stick charts for day trading s&p minis?
    They seem to be a little complicated.
  2. Bar charts carry the same "information" and you don't have to memorize all of the Japanese names for the formations.
  3. You goal as a day trader should be to take a quick look at a chart in a fast moving market and get the maximum information in a mere glance.

    That means learning candlesticks. Watch the tails.
  4. Have you ever looked into Range Candlesticks? I've been using them for about 2 years and could not use anything else now. It's a lot easier for me to set-up and recognize price action/levels.

    <a href="" target="_blank"><img src="" border="0" alt="Image and video hosting by TinyPic"></a>
  5. piezoe


    candle sticks and bars show exactly the same information, however many find candle sticks easier to read. Use whatever you're used to. It doesn't matter one iota. The same patterns that are used with candle sticks (doji, hammer, shooting star, etc. ) can be seen with bar charts. I like candle charts.

    And, by the way, what the hell is a "range candle stick"? If you can't explain it in simple terms, please don't explain it at all. I am too old to get involved in any "Jack Hersey like" discourses on Gaussian flippity gibits.
  6. my eyes !!!!!!! my eyes!!!!!!! :eek: :eek:

  7. Look it up you lazy old fuck. How the hell can u be a trader without knowing something that simple?? Wadda douche bag
  8. Nice chart Fire---are u using GT's HG indicator (the one on the bottom of the top pane ?) I

    If so PM me I have something he gave me something that u may want to add.
  9. piezoe


    I am not inclined to look it up, you young whipper snapper.
    #10     May 29, 2008