been there done that wykcoff is a joke...Prechter is a perma bear nut case traded elliot for 5 years.....used advanced get software that plots elliot waves....all bull works sometimes so that fools you my experience; do not take it personally: i have 30 years experience of foolishness in trading
I didn't say which would make you successful. I said which books were first. Other post states that Nison (candles?) was first. I was registered 7 in April 1982. Candles didn't exist in 1982.
Too many trading books worshippers in here. decades ago, I was one of them too. better get out of this thread.
%% Typical SEPT sell in stocks..................................................................................
Candles didn't exist in U.S. markets, which are the only markets that matter, then and now. And candles, (somekind of shorthand for trading rice) are borderline useless in manipulated markets, which is all we have now.
Well I am not going to 'splain all the story. Just read the Nison book and Hopefully You will learn something. BTW what You have posted is not related to "pattern recognition" which are based on candles pattern. (specifically Japanese candles) Chartist analysis whatever You think started in Asia and specifically as I said, in the rise market beginning of 9th century in China. Nison has been the individual that brought some light on the west about some of these configuration and (to some degree) way of trade it. (japanese style) Then like mushrooms, all suddenly, started a literature in the western.. Mainly based on what Nison wrote in his book. Western has relied mainly on statistical mathematical approach with regard to technical analysis, which is still the dominant way to trade. While Asia especially China-Japan (but also Korea) has relied a lot to many different technique based on CHARTS, also called Chartism.
Candle existed way way before.. Just.. well.. You were not aware.. Anyway I am done, have fun with you moving average on the spy.