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

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To: Tom Trader who wrote (2796)	8/29/1998 12:34:00 PM
From: MonsieurGonzo	Read Replies (1) of 44573

Tom; RE:" day-trading w/candlesticks " The only futures traders with whom I have any contact are right here on this thread, Tom - though the textbooks show traders in all kinds of markets who have converted their "bar" charts to candlesticks. I use candlesticks to day-trade SPY, fwiw. I don't think you will find candles especially difficult, Tom. In Asian fashion, the candle 'pictograms' have a lot of new names - labels - that require rote memorization. But once you catch on to what the underlying principle is: supply -vs- demand forces leaving visual traces of their actions behind... discerning "sentiment" is not difficult to do, regardless of the labels on the candles. Although this technique is intended to show the footprints left behind by sapient beings with motivations and perhaps, "self-awareness" - I have recently been applying the technique to engineering data (factory production) and natural phenomena (such as the weather) with fascinating results. I now wonder : does mechanism have sentiment ? -Steve

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