[Nick1984]

	Quote:	brownsfan019
	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.

I'm not too familiar with the names of these candles. Ask me what a shooting star is and I'll look to the sky and what a hammer is and I'll go to a tool shed hehe. But I do look at the candles and I do make decisions based on their shapes. I pay attention to the wicks and the "fatness" of a candle if that makes sense. If i see a fat candle then for me it means that in that particular time frame the move looks like its stronger (especially if its supported by good volume). If there is a long wick on either end of the candle to me that means that there was buying/selling pressure that rejected price from its high/low. I usually only look at the candles around pivot points