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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: dan williams who wrote (1096)	1/17/1998 7:37:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

Dan; RE:" Candlestick Books " I recommend that you start with Steve Nison's first book, Japanese Candlestick Charting Techniques, Dan. This was the original work introducing candlesticks to the West, and it serves this purpose well. Morris' book, which Rainier mentions in the heading of this thread, is a better, all-around reference for interpreting patterns and trading. It is a more comprehensive follow-through to Nison. Morris' earlier book, Candlepower is identical, according to a synopsis of their tables of contents - so probably better to get his newer book, Candlestick Charting Explained. Nison's second book, Beyond Candlesticks, would be of interest to the advanced candle-freak who is also interested in exploring the Japanese equivalent to our (Western) point-and-figure charts: The Kagi, Renko and 3-line break charts. (1) Nison : Japanese Candlestick Charting Techniques (2) Morris : Candlestick Charting Explained (3) Nison : Beyond Candlesticks There are several WWWeb references (but none of them good enough to replace Nison & Morris' books). And there are some nice candlestick chart generators on the WWWeb, Dan... quote.com iqc.com ...the former is an essential part of my cybertrading, as it offers real-time 'sticks of indices, and you watch candlesticks as they are being formed, as well as experiment with various intra-day candlestick time-slices. Insofar as candlestick charting packages go, I believe most of us are using METASTOCK. But the built-in "experts" and other so-called aids are primitive, IMHO. In lieu of better WWWeb - based chart generators, though, METASTOCK still has an edge, as you can save your setups (trend lines, horizontal supports, etc.) and see how they hold up after you make an (end-of-day) update to your charts. -Steve