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Strategies & Market Trends
Candlestick Charting--The unknown indicator
An SI Board Since July 1997
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1589 45 0
Emcee:  HeyRainier Type:  Unmoderated
Candlestick charting is perhaps one of the most powerful, yet misunderstood technical indicators for traders today. The purpose of this thread is to expand awareness of the power and versatility of this virtually unused technical indicator.

For those who are unfamiliar with the technique, I recommend the text "Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures" by Gregory L. Morris.

Traders who combine candlesticks with the traditional technical indicators will find this a valuable tool in picking tops and bottoms, or just continuation patterns. Examples of the predictive power of candlestick charting include: (1) the ZITL peak in December 1996 (2) the ITWO bottom in June 1997 (3) AULT peak in May 1996.

Ideas from all interested or experienced traders are welcome.
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ReplyMessage PreviewFromRecsPosted
1589Is this Thread still active?I have an interest in Candle Stick Charting.honjohn007-12/22/2012
1588Candlestick analysis in isolation of broader market developments can tend to misHeyRainier-4/23/2003
1587GE is, I believe, a hanging man, although I'd be happier if the real body waGeriq-4/21/2003
1586The outside day is known as a bullish engulfing pattern.. However, the 9/18 isGreg McDaniel-9/23/2002
1585Thanks Shawn, Day traded CAKE yesterday a couple of times, with some success. IRon-9/20/2002
1584I'll see if I can get a more detailed description tomorrow but here is a brisean sanders-9/20/2002
1583Would one of you candlestick folks take a look at CAKE daily chart here and giveRon-9/18/2002
1582What do you mean exactly by this "Have you ever tried to look at the sensitsean sanders-5/27/2002
1581Have you ever tried to look at the sensitivity/specificity of using various candPierre Borczuk-5/27/2002
1580Over the years, I have come to blend candlesticks with numerous other indicatorsHeyRainier-5/23/2002
1579VISG Been watching this company for a week. It's made large gains on littlGeriq-5/23/2002
1578Oils with Piercing patterns... as of 3:15 pm .. sii, oih, neGreg McDaniel-5/20/2002
1577sfnt and simg were forming dragon flys at 12:07..eomGreg McDaniel-5/20/2002
1576I would say opwv ALMOST turned into a dark cloud cover since it came down to cloGreg McDaniel-5/20/2002
1575Can I ask you for an interpretation? You mentioned OPWV as a possible shooting Geriq-5/20/2002
1574Geriq, Just some brief info on candles ... I have used them exclusivly for thesean sanders-5/18/2002
1573Hey, glad someone else is following this. Was beginning to fear my postings werGeriq-5/17/2002
1572Interesting candlestick website stockfetcher.comD. K. G.-5/17/2002
1571I had not heard the term dragonfly before. thanks for bringing to my attention. Greg McDaniel-5/17/2002
1570ELN After a considerable downtrend, today I think we've got a spinning top.Geriq-5/16/2002
1569OK, I'm looking at ELN now. Trading at $9 1/4. Previous support at about $Geriq-5/15/2002
1568Well, perhaps I am the only contributor. That's OK. It keeps me accountablGeriq-5/15/2002
1567It's been a while since any one posted anything on this thread. I've reGeriq-5/15/2002
1566 You're asking for pain. And by the way, you might have your charts flipped HeyRainier-3/25/2000
1565 Rainier or another able mind, could you give a glance at HLIT over the weekend.Grandk-3/24/2000
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