mate of mine interviewed someone for a job the other day. Guy walks in, no word of a lie, put his feet up on the desk and said 'tell me why I should work for you'. And sucked his teeth for good measure.
anything placed on a time based chart will never be too dependable as the time element is detrimental.
Japanese Candlesticks is one of the easiest price action patterns to backtest on your own on whatever it is that you're trading without you being dependent upon the opinions of others. Get to work and start backtesting. wrbtrader
I’d like to say it was a quant job at Jane Street but alas no— junior sales role, fmcg. I think the govt told him to go to interviews else they’d stop his benefits so he was doing his level best to not get a job. In that sense the guy was a high achiever— he got booted out in 2 minutes.
Candlesticks just don't make sense with electronic markets. The open and close are nearly arbitrary compared to the past when those would have been hugely informative data points. Using datasets of the S&P from 1992 to 1998 is pointless. That is even before decimalization.
Nothing at the core has changed; Big bang (the 80s not the actual big bang), HFT, tighter spreads have all made difference around the edges but the structure remains the same, and all of us sync to the same clock. Unless you're in India, Sri Lanka or parts of Oz, it's still 48 minutes past the hour right now.