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Old 08-04-2007, 12:04 PM
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Re: Step 2: How to use candlestick analysis

Yes, I think that the combo of price and volume is the best that any could ask for. A fellow trader here, MrPaul, mentioned to me once that its really the simple fact that price attracts volume. Volume doesn't attract the price. Thinking like that really, I mean REALLY, helped solidify my trading. When the end of a trend ensues, you will most always see some sort of volume confirmation. Also breakouts or potential breakout failures will always have volume confirmation.

And, like you use brownsfan, volume based candles pretty much give those both to you in one fell swoop. The only thing that I have trouble with watching VBC's is just the speed of it. It's easier for me to watch 2 separate things than just one. Sounds weird, but its just easier for me to see it. I completely understand the validity in VBC's though.

So, yes, I completely agree that using candles alone won't give you the whole story. Kind of like most trading books out there. They give you only half of what the real deal is.

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