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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Sabatino Ciambotti who wrote (14)10/2/1996 8:18:00 AM
From: Joshua A. Gottesman   of 3325
 
Sabatino,

I use candlesticks extensively, mostly as a confirmation. It has been my experience that you have to be careful when using candlesticks. I use International Pacific Trading Company's Candlestick Forecaster program (see there website at iptc.com for a free demo) and like the program a lot because it does pattern identification. However, it tends to give too many signals for my use. It might be better for day traders and/or weekly trading. However, looking at the signals the program gives and then applying my own judgement seems to work pretty well!

If you are going to use candlesticks, definitely read Steve Nison's 'Japanese Candlestick Charting Techniques' book.

Tree
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