Disliked{quote} One Simple Question,How You wana Predict The Future of Price With just Single Candle Patterns like Hammer or doji or Engulfing Pattern Which Created from 3 Candles ? Tell me How About The Rest Of The Candles ? Daily Candle is Created from 24 H 1 Candle What About Rest Of Theme ? are Those Past Candles Bullshit ? Are They in Charts for Being Pretty ? Or There is A lot Of Data on theme ?Ignored
in fact i rarely use a candlestick, im not a newbie ive been doing it 8yrs,
so know more or less what works and what does nt
candlesticks on the whole are a waste of time (for me anyway)
indicators can tell the story much more and quicker
if i could remove all candlesticks except for the upside down pin bar or shooting star or whatever its called
i probably would
some heiken ashi indis are ok though, but they are smoothing out the nonsense
cycles / news and S/R is all that matters and a few well chosen indis
and as the market is just news, then learning what price does during news is most important (imo)
maybe though i have nt looked long enough for candlestick patterns, i participated in a few webinars with Steve Nisson some yrs ago and the different patterns he was showing and talking about was very overwelming
he sells many books and videos on the subject and often claims he invented them
(although was n't that the Japanese in the 1600s?)
if some can find candlestick patterns that work why not use them,
but indis at S/R however bad they are at times, probably win more overall, with abit of filtering, than candlesticks alone
1