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That was my point in the VSA thread but candlew feels like getting into a pissing match about what it was technically called. I apologize James if my humor was lost in this thread. Just tired of newbies saying something doesn't work when they obviously do not have a freakin clue... |
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Exactly.
If you actually read some of the ORIGINAL Japanese work (i.e. rather than relying on
Steve Nison's interpretations of their work) they do emphasis it.
Candlesticks are very 'subtle'. They are designed to describe a scenario, to give more information as to what is going on.
They were NEVER designed to be used "separately" of each other. I.e. "this candle is hammer which means the market is definitely strong. Next candle is a doji which means the market is definitely in confusion" etc.
Personally, a concept I found interesting was "collapsing" the candles into each other. This was the Japanese way of (basically) seeing the higher-time frame pattern, from the same chart. I.e. collapsing 4-5 candles on a 1 minute, to see what it's looking like on a 5 minute.
It is a continued emphasis on group of candles, or patterns, and under emphasis on 'exact candle formation'.