Traders Laboratory - View Single Post - Constructing a candlestick trading plan
View Single Post
  #4 (permalink)  
Old 08-10-2007, 08:28 AM
brownsfan019's Avatar
brownsfan019 brownsfan019 is online now
brownsfan019 is feeling the pain of losing a dog

 
Join Date: Jan 2007
Posts: 2,105
Thanks: 34
Thanked 86 Times in 56 Posts
Re: Constructing a candlestick trading plan

Nick,
Even if you don't necessarily incorporate candlestick analysis into your trading plan, I would at least be aware of them and get a general understanding. I've read a number of blogs and such where the trader was not using candlesticks for entries, but would be aware of a pattern when it appeared and used it accordingly. For example - if you are long and see a shooting star appear, you may want to exit, move your stop, etc. b/c it's a sign of weakness.

__________________
Click here to start playing Combat Grounds an online war game.

Click here to play an online football game. Create a player and build him up to the pros.
Reply With Quote