candlesticks

This is a discussion on candlesticks within the First Steps forums, part of the Reception category; Hi all, some of you may remember me from a year ago. And yes im still a beginner ! as ...

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Old Aug 30, 2004, 11:41am   #1
 
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candlesticks

Hi all, some of you may remember me from a year ago. And yes im still a beginner ! as i completely left it alone after i proved to myself that after having 42 successful trades , the 7 unsuccessful ones were more damaging ,but luckily i still had the sense to trade in low stakes. So theres my confession for the day
But ive been drawn back and may start to trade again but not yet

Can anyone give me an insight into candlesticks and their significance. I was talking to a chap a while ago and he was describing all of their meanings and im wondering if one of more worldly wise of you could start a thread.

many thanks

Colin
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Old Aug 30, 2004, 2:08pm   #2
 
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I would highly recommend you get a copy of Nison's work....

Yes I'm biased, but I still think its a must for your core understanding of the subject...

http://www.amazon.co.uk/exec/obidos/...189168-2186061

http://books.global-investor.com/boo...17b58e46c959ed
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Old Aug 30, 2004, 2:34pm   #3
 
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Quote:
Originally Posted by a320
I would highly recommend you get a copy of Nison's work....

Yes I'm biased, but I still think its a must for your core understanding of the subject...

http://www.amazon.co.uk/exec/obidos/...189168-2186061

http://books.global-investor.com/boo...17b58e46c959ed
I also recommend the Nison book, but he has a newer Candlestick book than the one above, not sure which is better, maybe someone who has read both can comment ?

http://www.amazon.co.uk/exec/obidos/...084248-9650227

Stew
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Old Aug 30, 2004, 3:06pm   #4
 
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Hello Everyone

The latest book by Nison: New Japanese charting techniques Revealed has in depth information about charting techniques such as Renko, Kagi and three-point charts.
If you have not read his original book, it should not be a problem since he has summarised most of the contents from his previous masterpiece and included into his latest book.

Faris..
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Old Aug 30, 2004, 4:25pm   #5
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I've read both and I'd like to support Faris' comment that the first book is neatly summarised in the second, but unless you're into Renko, Kagi, 3 Line Break etc. the second will not be as interesting a read.

If you want a really quick run at Candlesticks and don't want to pay the hardcover prices, I also recommend "The Candlestick Course" by Nison (ISBN 0-471-22728-5) from Wiley Trading. This is an excellent little book and actually does a better job as it includes exercises (as you might expect from the title) for you to test your knowledge as you go along.
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Old Aug 30, 2004, 4:34pm   #6
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http://www.stockcharts.com/education...dlesticks.html provides a good starting point.
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Old Aug 31, 2004, 2:46pm   #7
 
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Halfbutt started this thread thanks guys.
Im always one for a quick fix, so can anyone use this thread as a quick muppets guide in the same way FTSE beater has done on trends etc. Can anyone pass on the basics in the same way.

thanks and great to see the site has increased its memebers.
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Old Aug 31, 2004, 4:07pm   #8
 
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Quote:
Originally Posted by Halfbutt
thanks guys.
Im always one for a quick fix, so can anyone use this thread as a quick muppets guide in the same way FTSE beater has done on trends etc. Can anyone pass on the basics in the same way.

thanks and great to see the site has increased its memebers.
Halfbutt

Checkout the Litwick site for diagrams of the common candlestick patterns:

http://www.litwick.com/indicators/bullish.html
http://www.litwick.com/indicators/bearish.html

HTH

Stew
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