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Author Topic: How to read Candlestick Chart?  (Read 946 times)
earwax
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« 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?
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Right beside every great brain there is... Earwax! Smiley
Malaysia's Biggest Investment Forum
« on: September 20, 2006, 10:24:04 PM »

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Maxforce
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« 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.
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earwax
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« 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.  Sad

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

So many graphs so little time.  Sad
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Maxforce
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« 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
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Five points a day, keeps you out of harm's way.
booffett
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« 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?
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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.blogspot.com/
Maxforce
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« Reply #5 on: September 29, 2006, 08:55:08 PM »

dun crap lah booffett... i know all that i have listed you already know...
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Five points a day, keeps you out of harm's way.
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