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Old 04-09-2008, 12:06 AM   #17

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Re: Why Candlestick Anaylsis is Different and Might Work for You

I think brownsfan wants some thankers!

At the end of the day, do what works for you. I am very visual, so candles work great for me. The toughest part is the simple fact they are discretionary. This has lead to many mistakes on my part, but after review I realize what I did wrong. It's a simple learning curve and it's different for everyone. Some may never understand candles, and some may ignore them because they believe they don't work - yet someday find out it's that little niche they have been searching for.

I have tried VSA, but never really understood it. Could just be me. I have tried MP, but I've never really had the time to dedicate myself to educate myself.

But to be completely honest, I enjoy the exclusivity the candlestick corner has to offer I wouldn't want an enormous thread just to explain how they work. I prefer having traders with plenty of experience coming in and adding their input to something that I have dedicated a lot of time to learning and understanding. It's something that I'm yet to see duplicated on any other general trading forum.

As far as making real money over here. Just look through the various threads, the money is there

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Old 04-10-2008, 12:30 AM   #18
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Re: Why Candlestick Anaylsis is Different and Might Work for You

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Originally Posted by brownsfan019 »
GCB - first, nice to have you back. Second, as you could tell, there has been much concentration on those two areas.
Good to be back, brownsfan. Yeah, I'm not much interested in VSA or MP. But to each their own. Really, I think people are looking for something to have confidence in and they feel the more complex and seemingly analytical it is the more legitimate it is.
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Old 04-10-2008, 12:58 PM   #19

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Re: Why Candlestick Anaylsis is Different and Might Work for You

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Originally Posted by GCB »
Good to be back, brownsfan. Yeah, I'm not much interested in VSA or MP. But to each their own. Really, I think people are looking for something to have confidence in and they feel the more complex and seemingly analytical it is the more legitimate it is.
I couldn't agree more.

The human mind is quite an interesting thing ... we WANT stuff to be complicated so we can crack the code. We WANT the market to be such an enormous animal that only a complex system could stand a chance at killing it...

For example - I am not very handy so when it comes time to fix something (car, around the house, etc.) I just know that it will be so hard and complex that I cannot possibly do it. Until I see what is required to fix the problem... Then you sit there going that wasn't so hard after all.

Trading can be the same way if you are willing to put aside the notion that this MUST be difficult.
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