Systems, Strategies and Resources for Trading Futures Message Board

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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (2780)	8/28/1998 2:51:00 PM
From: MonsieurGonzo	Read Replies (2) of 44573

Tom; RE:" candlesticks " Nison's Candlestick Charting Techniques is the best introduction, IMHO, Tom. Nison is one of those brilliant traders in the British trading house tradition. Morris' book, Candlepower (I got my copy in the U.K.) is renamed over in The States, Candlestick Charting Explained, goes into more detail, and is a better desk reference, though Nison's work is seminal, and his book is beautiful. I find candlesticks to be the easiest T/A indicator to work with, FWIW - contrary to OJ's deux centimes - as there is no 'calculation' involved: it is simply a different way of representing time-series data points. More in the tradition of Edwin Tufte's Envisioning Information and The Visual Display of Quantitative Information. amazon.com The candlestick tradition began with futures, BTW. The charming legend is that a Japanese gentleman named Munehisa Homma, during the 1600's began keeping records of the then-new rice futures market by drawing 'daily bar' lines on rice paper with coloured ink - and his interpretations allowed him to become the most famous futures trader in Japanese folklore. Nison discovered these "coloured, daily-bar charts" when he was stationed overseas, accumulated histories and interpretations from the locals, and translated these findings into English. amazon.com amazon.com -Steve

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