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I have read what you have posted here of course. Some good stuff, thanks. It's just recently there seems to have been a change to sniping (Battlefields rule!) rather than some of the constructive posts of yester year. |
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Sorry if it looks that way, not done intentionally on my end.
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Still the merits of candles seem better discussed here than in the VSA thread so we are making progress in that regard.
I am still interested in why you think a rigid set of parameters (such as could be scripted) is somehow random. I thought one of your interests was automation. Would that not be useful in that regard? It seems to me for some reason some people want to leave descriptions vague and more to the point ambiguous. I just don't get it. |
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I would love to automate my trading but it's just so freakin hard with candles. Since I am not playing find a shape, it's more of a find a shape within a very strict set of parameters if and only if other conditions are met.
The OP's screenshot is a PERFECT example of this. That candle he has highlighted is NOT what his software is telling him it is. Not even close. That's part of the problem.
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BTW I still understand that context is very important but is that a reason not to make sure everyone (and not just those in the church of candles  excuse my provocative nomenclature) understands what the patterns are.
Finally I have started trying candles again (I change now and then for different reasons) for a particular type of thing I am trying to visualise. More on that later, but you might have a convert ironically! |
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I think candles, when studied and put to use properly, are very useful. For me, it's more visual than anything else. I can see the battle of the bulls and bears instantly.