How To Make Money Trading The Markets.

I am new to candle sticks. I am a swing and day trader. I would like to know your opinion on day trading studying system and materials using candle sticks.

Do you teach?

Thanks

bonchi07,
You can read about what I do and teach on my "home page", but if you simply want to learn about candles you can do so for free:
Introduction to Candlesticks - ChartSchool - StockCharts.com

That will give you the basics in the sense of someone looking at a toolbox and knowing what a chisel, hammer, screwdrivers are for.
HTH
Richard

Thanks for your prompt reply. I am reading the Steve Niesen's book now. I will check out your home page as well.
Tx for the input.

This is one from today which is very similar except that sometimes stocks move in a staircase sort of way; moving in one direction, pausing, then continuing upstairs (or sometimes downstairs).
I went long once it started moving up again (white pointer) and stayed with it on the rising candles set up on this thread until I could see the buying pressure being seriously opposed by the selling pressure so then exited at the time of this screenshot.
As always, I keep tight stops for the trades that don't work out.
Today, for example, using this and some of the other set ups I use my results were:
FAS +43c per share
CAR +20c
SWKS -4c
FAS -5c
MGA +16c
AEM +136c
FAS -4c
GM +8c

AEM was a nice easy and slow trade using three minute candles.
136c per share which is $1360 profit on a normal 1000 share size (and obviously pro rata for different share sizes).
Richard

Hi Mr Charts

So, so nice. Particularly AEM of course.

If you have time is there any chance you could explain why you took this particular AEM 'breakout' because there were also one or two AEM candidates earlier.

I can see why you used 3 min candles but this puts the ATR about 15 cents so would you not reduce position size on this basis?

Also I notice the price is below yesterday's high; is this important or do we just need to watch out for prior high being a possible resistance?

Sorry to be a major pain but just trying to learn what I can!

Cheers
Steve

Richard, AEM nice trade.

Thanks, doji.
Will email next week evostik - if I forget, email to remind me !

Here's yet another simple one from today. Scanned and found it three quarters of an hour before it set up and triggered; just kept an eye on it till it came together. Easy.
CLF +40c per share

Other results today using this set up and the other set ups I use:
VRTX +23c per share
GILD +50c
WOOF -4c
GILD -6c
ENB +18c
LIFE +50c
CLF +40c
ECA -6c

Richard

Not too bad of a day today eh Richard

Have a good long weekend!