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reading bars/candles

  • #1
  • First Post: Jun 18, 2011 11:29am Jun 18, 2011 11:29am
Is there a thread on here (FF) where we can learn about reading bars/candles without all the crap about stochs,rsi,bollinger.I have thrown out all indi's and started to look solely at trying to read bars/candles at s/r levels,but need more education.
  • #2
  • Jun 18, 2011 12:09pm Jun 18, 2011 12:09pm
Try Steve Nison's "Japanese Candlesticks Charting Techniques". In the book, it talks about the emotional and psychological aspects behind the candles and patterns which I think is the most important part to understand...
  • #3
  • Jun 18, 2011 12:15pm Jun 18, 2011 12:15pm
Quoting Monroe
Try Steve Nison's "Japanese Candlesticks Charting Techniques". In the book, it talks about the emotional and psychological aspects behind the candles and patterns which I think is the most important part to understand...
ok thanks for your reply
  • #4
  • Jun 18, 2011 12:20pm Jun 18, 2011 12:20pm
Quoting Tedge UK
Is there a thread on here (FF) where we can learn about reading bars/candles without all the crap about stochs,rsi,bollinger.I have thrown out all indi's and started to look solely at trying to read bars/candles at s/r levels,but need more education.
What your looking for is "Price Action" that should turn up the results you want.

Reading candles isent my thing but I've been there.. sounds like your making progress, taking a step beyond those indi's aye




Mike Baghdady - watch videos on price action (he calls it price behavior) maybe its more order flow then candles.. but I think more valuable you spend your time watching his videos part1 - part4

http://www.fxstreet.com/search/contr...8-012f121e6f12


even more valuable regarding s/r levels

watch Sam Seiden - S/R

http://www.fxstreet.com/search/contr...1-e9bf77216d2f



Steve Nison - considered the master of candle sticks (i think) google him.. I never took interest personally but just to cover what you asked for.




Good luck, thats a few days of material for ya
  • #5
  • Jun 18, 2011 1:42pm Jun 18, 2011 1:42pm
I wouldn't go any further then the J16 thread IMO.

I have read Nison's book myself and have spent a lot (and I mean a lot) of time studying supply and demand ala Sam Seiden (and still do). Both are very very important subjects that I use in my trading analysis.

However the verbage in your first post describes the J16 thread to a tee, plus there are a bunch of really cool people on that thread that are helpful beyond words. It is pretty unreal how willing they are to help everyone who is interested. I could go on and on, but you will see the value for yourself if you spend some time on that thread

Here is a link to the thread.

http://www.forexfactory.com/showthread.php?t=2331

I would go through all the links that James posts in the first post of this thread (don't try to read the entire thread) once you have a base of knowledge, start posting your trade ideas and you will get help and advice from the seniors almost immediately.

Hope this is helpful, good luck on your journey.

jacob
  • #6
  • Jun 18, 2011 1:47pm Jun 18, 2011 1:47pm
Ok, nevermind. I see from your profile that you already follow J16. I am not sure of any other area that you can look to get more specifics on this subject. Perhaps you should look at Sam Seiden stuff.

The Price is everything thread follows PA along with Seiden style S&D trading.

http://www.forexfactory.com/showthre...230888&page=11

I am curious as to why the J16 thread didn't provide the knowledge you are seeking
  • #7
  • Jun 18, 2011 1:59pm Jun 18, 2011 1:59pm
Quoting J.W. Holmes
Ok, nevermind. I see from your profile that you already follow J16. I am not sure of any other area that you can look to get more specifics on this subject. Perhaps you should look at Sam Seiden stuff.

The Price is everything thread follows PA along with Seiden style S&D trading.

http://www.forexfactory.com/showthre...230888&page=11

I am curious as to why the J16 thread didn't provide the knowledge you are seeking
Thanks JW.james16 thread I found too big to read,also personally it was all over the place (nothing very clear) thats how i found it anyway,although i did like the basics
  • #8
  • Jun 18, 2011 2:10pm Jun 18, 2011 2:10pm
Quoting Tedge UK
Thanks JW.james16 thread I found too big to read,also personally it was all over the place (nothing very clear) thats how i found it anyway,although i did like the basics
Cool, I was curious. I am a member of the PF and can see why the thread appears erratic. There are a couple different methods in there. However I think the way Mike (mbqb11) trades is as close as you can get to pure price action around s&r levels.

If you haven't checked out the Seiden webinars, I would recommend them. Their are 26 or so of them. They get a little repetitive, but it's worth it. They are not really about candle formations, but his theories on market movement are pretty solid IMO. I notice a lot of the j16 traders use Seiden S&D stuff too.
  • #9
  • Jun 18, 2011 2:16pm Jun 18, 2011 2:16pm
Here is a link to a bunch of Seiden articles as well, this will keep you busy for a couple months
Attached File(s)
File Type: xls Seiden articles.xls   279 KB | 762 downloads
  • #10
  • Jun 18, 2011 2:27pm Jun 18, 2011 2:27pm
Quoting J.W. Holmes
Here is a link to a bunch of Seiden articles as well, this will keep you busy for a couple months
Thanks once again JW
  • #11
  • Last Post: Jun 18, 2011 5:06pm Jun 18, 2011 5:06pm
Quoting J.W. Holmes
Here is a link to a bunch of Seiden articles as well, this will keep you busy for a couple months
Great collection...Thank you
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