Author Topic: How to read Candlestick Chart?  (Read 3441 times)

Offline earwax

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How to read Candlestick Chart?
« on: September 20, 2006, 10:24:04 PM »
Good day.

As some of you may know, I am new to investing and want to learn Technicals Analysis. Is Candlestick theory a good method to learn? Is it better than Elliot Wave?
Right beside every great brain there is... Earwax! :)

Offline Maxforce

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Re: How to read Candlestick Chart?
« Reply #1 on: September 20, 2006, 10:31:48 PM »
.....
Go learn both.
If you want to play Futures, learn both.
Use both of them simulteneously.
They work hand in hand.
Five points a day, keeps you out of harm's way.

Offline earwax

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Re: How to read Candlestick Chart?
« Reply #2 on: September 22, 2006, 05:48:30 PM »
So need to learn how to read what kind of charts? I see got so many types of charts.  :(

1. Elliot Wave
2. Candlestick
3. Fibonacci??!  ???
4. Butterfly??!?  ???

So many graphs so little time.  :(
Right beside every great brain there is... Earwax! :)

Offline Maxforce

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Re: How to read Candlestick Chart?
« Reply #3 on: September 22, 2006, 07:01:37 PM »
Jumpstart approach.
Learn this few things:
1. Go read and understand everything I posted about Technical Analysis Made Easy
2. Understand the whole concepts of Support & Resistance.
3. Learn MACD.
4. Learn Candlestick
5. Learn Fibonacci % and Fibonacci Fan and Elliot Wave from the link I gave.
6. Apply them in FUTURES.

BUT MOST OF ALL, GET METASTOCK!!!! And buy the EOD data (onetime RM80) from bizfun
Five points a day, keeps you out of harm's way.

Offline booffett

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Re: How to read Candlestick Chart?
« Reply #4 on: September 29, 2006, 07:55:09 PM »
Jumpstart approach.
Learn this few things:
1. Go read and understand everything I posted about Technical Analysis Made Easy
2. Understand the whole concepts of Support & Resistance.
3. Learn MACD.
4. Learn Candlestick
5. Learn Fibonacci % and Fibonacci Fan and Elliot Wave from the link I gave.
6. Apply them in FUTURES.

BUT MOST OF ALL, GET METASTOCK!!!! And buy the EOD data (onetime RM80) from bizfun

maxforce teaching tech analysis...

got any seminar for us to attend?
The problem with cut loss is, easy to say hard to do; the problem with let the profit run is, most often, the profit only run 100m, not the 400m as you expected.

http://www.booffett.~.com/

Offline Maxforce

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Re: How to read Candlestick Chart?
« Reply #5 on: September 29, 2006, 08:55:08 PM »
dun crap lah booffett... i know all that i have listed you already know...
Five points a day, keeps you out of harm's way.