Candlestick Education | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Merlin's ADX Education Primer ? 7 replies

Education for Investing at a B.A. Level 14 replies

Which FX Education 3 replies

Indicator education 7 replies

My trading education :) 9 replies

Attachments: Candlestick Education
Exit Attachments

Candlestick Education

  • #1
  • First Post: Edited Dec 5, 2009 9:21pm Dec 4, 2009 4:26pm | Edited Dec 5, 2009 9:21pm
I finished watching Nison`s seminar on candlestick specifically for the forex market, and have concluded the candlesticks into a pdf of dense notes.

enjoy and bare with the typos.


*this is only the first part of the seminar which only focus on the candlestick formations and some of their basic application.

I also have Part 2, which relates to how to use candlesticks with western indicators and swing trading and day trading etc. Let me know if you guys want it

Edit: Due to some requests, I am now editing this opening post to upload part 2
Attached File(s)
File Type: zip Candlestick.zip   1.5 MB | 4,983 downloads
File Type: zip Candlestick Part 2.zip   1.9 MB | 4,360 downloads | Uploaded Dec 5, 2009 9:21pm
  • #2
  • Dec 4, 2009 4:30pm Dec 4, 2009 4:30pm
Hi.

can you please post the part 2 also?
i'm very interested to read about it.
Thanks.
  • #3
  • Dec 4, 2009 4:40pm Dec 4, 2009 4:40pm
I'm interested in learning more about candlestick.

Thank you for sharing.
  • #4
  • Dec 4, 2009 5:05pm Dec 4, 2009 5:05pm
thank you for the book,waiting part 2
  • #5
  • Dec 4, 2009 6:12pm Dec 4, 2009 6:12pm
I gave up with Candle Stick
Its really not as I expected before. In my opinion, market just can not be determined by just looking at the combination of candle sticks. Well, thats just my thought. Or maybe, its me that didn't know how to use it

By the way, I also have Steve Nison pdfm 5.8MB
Please let me know if anyone interested to this book.
I can upload it to rapidshare.

Have a nice weekend
  • #6
  • Dec 4, 2009 8:28pm Dec 4, 2009 8:28pm
me.me. i am interested.

thanks
  • #7
  • Dec 5, 2009 11:04am Dec 5, 2009 11:04am
Thank you for candle stick book part 1. If possible please post the part 2 of the ebook.

Thanks
  • #8
  • Dec 5, 2009 11:23am Dec 5, 2009 11:23am
fosgate_r, there is aboslutely NO DOUBT in my mind that candlesticks works, that is if you know how to read them.

the thing is candlesticks below H4 are unreliable. and if you are ever to rely on signals from such small time frames you will be setting yourself up for LOTS of fakeys.

I recommend looking at candlesticks from H4 +.

and part 2 will be uploaded soon
  • #9
  • Dec 5, 2009 9:22pm Dec 5, 2009 9:22pm
part 2 is now uploaded, just go back to the opening post
  • #10
  • Dec 5, 2009 9:38pm Dec 5, 2009 9:38pm
Quoting fosgate_r
I gave up with Candle Stick
Its really not as I expected before. In my opinion, market just can not be determined by just looking at the combination of candle sticks. Well, thats just my thought. Or maybe, its me that didn't know how to use it

By the way, I also have Steve Nison pdfm 5.8MB
Please let me know if anyone interested to this book.
I can upload it to rapidshare.

Have a nice weekend
ho me me toooo!!!
  • #11
  • Dec 5, 2009 10:25pm Dec 5, 2009 10:25pm
HELLO HALFSTEP

YES ! YES ! YES !
I AM ONE RECENTLY DEVOTING MYSELF IN CANDLESTICK FORMATIONS AND TRADING !
CURRENTLY I AM ACQUIRING TRADING SKILL IN TA / PA WITH TL/SL/RL FROM A NUMBER OF THREADS IN FF.
DOING MY VERY BEST TO PICK PIECES BY PIECES FROM THE THREAD STARTERS... BUT MANY HAD GONE SAD TO SAY (INACTIVE).
ONLY FOUND A HANDFUL OF THEM ARE STILL ACTIVE.
PLEASE KEEP ON YOUR POSTING, LIKE THE 2ND PART OF CANDLESTICK FORMATIONS TRAINING MATERIAL.
I AM SURE WE NEWBIES WILL APPRECIATE YOUR KIND EFFORTS AND CONTRIBUTIONS A LOT.
THANK YOU SO MUCH.
  • #12
  • Dec 5, 2009 11:59pm Dec 5, 2009 11:59pm
Quoting halfstep
fosgate_r, there is aboslutely NO DOUBT in my mind that candlesticks works, that is if you know how to read them.

the thing is candlesticks below H4 are unreliable. and if you are ever to rely on signals from such small time frames you will be setting yourself up for LOTS of fakeys.

I recommend looking at candlesticks from H4 +.

and part 2 will be uploaded soon
This is a fallacy. Timeframes don't determine the reliability of candle patterns; it's the patterns themselves that determine reliability. The typical "out of the book" candle pattern tends not to be as reliable as the more advanced patterns used by many successful Japanese candlestick traders. And many of these traders trade small timeframes (i.e. 2 min S&P).

A valid hammer pattern can be just as reliable on a 3 min chart as on a 4 hour chart. The problem is most people think in terms of a hammer line rather than a valid hammer pattern. In other words, a hammer line is just a hammer. What comes before it and or after it can cause it to traverse from just a hammer line into a hammer pattern. Understanding this difference is key to successfully trading hammer regardless of timeframe and market.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #13
  • Dec 6, 2009 12:06am Dec 6, 2009 12:06am
Quoting hiddengap
primary method: Wide range body analysis via m.a. Perry
secondary method: Volume spread analysis via tom williams
Hello hiddengap

I read your comments and I think got you the valid points.

Do you think whether you can share with us your trading method? Maybe in a recorded document or ebook?

By the way, I like to explore your methods listed in primary and secondary?

Any chance you can share with us newbies?

Thank you.
  • #14
  • Dec 6, 2009 9:11am Dec 6, 2009 9:11am
Hi Halfstep,

Reading your pdf now and looks brilliant, very useful Thanks bud
  • #15
  • Dec 6, 2009 9:22am Dec 6, 2009 9:22am
Quoting halfstep

Edit: Due to some requests, I am now editing this opening post to upload part 2
TQ for the ebooks, halfstep.
  • #16
  • Dec 6, 2009 10:03am Dec 6, 2009 10:03am
Here's a nice site for performance data of various candle lines and patterns. Bulkowski's book on candlestick patterns is a must when one is ready to move beyond the basics outlined by Nison.

http://thepatternsite.com/index.html
In trading, there is no bullshit. You either make money or you don't.
  • #17
  • Dec 6, 2009 10:05am Dec 6, 2009 10:05am
Quoting tch225
me.me. i am interested.

thanks
me too thanks in advance
abd
  • #18
  • Dec 6, 2009 10:25am Dec 6, 2009 10:25am
Quoting HiddenGap
This is a fallacy. Timeframes don't determine the reliability of candle patterns; it's the patterns themselves that determine reliability. The typical "out of the book" candle pattern tends not to be as reliable as the more advanced patterns used by many successful Japanese candlestick traders. And many of these traders trade small timeframes (i.e. 2 min S&P).

A valid hammer pattern can be just as reliable on a 3 min chart as on a 4 hour chart. The problem is most people think in terms of a hammer line rather than a valid hammer pattern. In...
You know what, you are right. To rephrase what I have said, i should have stated that 1-3 candlesticks line formed patterns are less reliable on smaller timeframe charts.

Of course on a H1 chart, we see a shooting star at a daily resistance, this would mean something important. but at the sametime, on the same hourly chart or smaller time frames there are many other "out of the book" 1 to 3 lines candlestick formation that simply give bunch of fake-outs. yet as we move on to higher timefraes, we find that these "out of the book" simply 1-3 line formations give less fakeys and could be much reliable.

I am at the stage of able to recognize 1 - 3 lines of candlestick formation, for me i guess i need to learn the advanced combo multi-candletick patterns that are related to general trend etc.

as you said that many advanced candlestick traders are using. do you know where might I find these advanced material?
  • #19
  • Dec 6, 2009 6:01pm Dec 6, 2009 6:01pm
Hi,

I can not open Candlestick part 2 file. As soon as I save it go to .php file but does not open. Any suggestion.

Thanks

Nasir
  • #20
  • Dec 6, 2009 6:12pm Dec 6, 2009 6:12pm
Quoting Nasir
Hi,

I can not open Candlestick part 2 file. As soon as I save it go to .php file but does not open. Any suggestion.

Thanks

Nasir
php file? use firefox, and just left click download and extract, and it should open up in .pdf. hope that helps : )
1 trader viewing now