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The Candlestick Corner All about candlesticks. Moderated by brownsfan019.

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Old 10-05-2008, 09:33 PM   #9

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Re: Why Do Candlestick Patterns Work?

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Originally Posted by TraderBG »
...I'm having trouble grasping why a lone candlestick might work. Is it because so many people look for it to happen thus self-fulfilling the prophesy or something else entirely?
Single candlestick interval analysis is not reliable if you implied analyzing and making trade decisions based upon one candlestick line.

As for candlestick patterns (more than one interval), it's best to use them in combo with another trade approach as already echoed in this thread.

Simply, don't use them all by themselves.

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Old 10-16-2008, 06:53 PM   #10

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Re: Why Do Candlestick Patterns Work?

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Originally Posted by NihabaAshi »
As for candlestick patterns (more than one interval), it's best to use them in combo with another trade approach as already echoed in this thread.

Simply, don't use them all by themselves.
Yeah, try it together with astrology. Killer combo.
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