Trading using with candlesticks only and nothing else

Discussion in 'Technical Analysis' started by ndtrader14a, May 23, 2016.

  1. Visaria

    Visaria

    Daily and weekly. Occasionally i may dip into day trading (like on Friday), but i try to avoid it.
     
    #81     Jun 6, 2016
  2. lcranston

    lcranston

    Clearly there are several of you who have no idea what trading price is all about. Which is fine.

    Have a nice trading day.
     
    #82     Jun 6, 2016
  3. Well should someone make light of your Spanish someday, you'll surely feel as insulted as he must.
     
    #83     Jun 6, 2016
    ndtrader14a likes this.
  4. easymon1

    easymon1

    Trading Strategies - Search
    https://duckduckgo.com/?t=ffsb&q=trading+strategies&ia=web

    " . . . optonly
    I only use rsi macd volume and 2smas on my analytical time frame 1hr.
    The actual trading time frame 5min.
    price action and volume focusing on specific candles,
    early in the day,
    long wicks or dojis only.
    Some work some don't. Trading only sticks,
    i trail the stop on on my trading time frame by each closing candle. Works for me.
     
    #84     Jul 17, 2021
  5. %%
    THAT;
    + 50dma\50 period moving average.
    Volume can confirm wide bid\ask; doesnt matter for investing. Short term wise, wide bid \ask is a handicap............................. I like some news before open price or after close; so much news is nonsense:caution::caution::caution::caution::caution::caution:,:caution::caution::caution:
     
    #85     Jul 19, 2021
  6. Candlestick itself is already worth important information from, open high low close from the price based on the timeframe, I think this is a simple way to analyze sentiment market based on the timeframe, t possible to trade based candlestick, but need to combine support resistance level too.
     
    #86     Jul 19, 2021
    easymon1 likes this.
  7. Why would you handicap yourself by intentionally limiting how much information you use?
     
    #87     Jul 19, 2021
  8. spectastic

    spectastic

    to keep things simple and avoid paralysis by analysis. I think it was peter brandt who said to trade the price, not the 3-4 letters on the corner of the screen.
     
    #88     Jul 21, 2021
  9. The dude sells a news letter lol. Be skeptical of anyone who claims to be a good trader that does not run money.
     
    #89     Jul 21, 2021
  10. spectastic

    spectastic

    He's one of several former CBOT guys who now teaches. Either they're all complete frauds or they actually know what they're talking about. I'm leaning towards the latter. At the end of the day, you have to believe something and have someone to learn from, even if it's some guy on investopedia. What would be examples of some good traders from whom you've learned?

    And as a side question, since you've worked on the hedge fund side and focus mainly on macros and fundamental catalysts, what's your idea of "technical analysis," and its role in a trader's playbook? Do you side with Anton Kriel that technical analysis is for suckers?
     
    #90     Jul 21, 2021