Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: MonsieurGonzo who wrote (1527)	2/22/1999 9:38:00 PM
From: Anaxagoras	Read Replies (1) of 1589

Hi Steve- Thanks for taking the time to make the lengthy reply; it was appreciated. As Nison and Morris elaborate in their books, combining candlesticks with other tea leaves will improve your success. Nison talks a lot about moving averages, and Morris uses stochastics. Actually, as far as filtered candlesticks go, the results I was most impressed with came from the preliminary screening with bollinger bands. But I haven't followed up on this. I also liked your contrast between the TA trader who uses reversal indicators vs. the one who uses continuation indicators a la momentum "investing"; in general, candlesticks seem better at reversals although I've been toying with certain particularly appealing continuation patterns (on an intuitive level) like Tasuki gaps. BTW, this thread needs a "Tip of the Day"; Nison's second book is so chock full of little pointers that I'm only able to take a percentage in even on a second reading and I need daily reinforcement! Anaxagoras

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