Sunday, January 24, 2010

Candlestick Trading

Candlestick Trading started in Japan.   Rice traders used it to simplistically capture the emotion of the market.   Candlesticks do a good job of taking the noise out of the market.

Here is an example from last June.

I also like doing Candlesticks on a 3 day timeframe...that really takes the noise out.  TOS supports this timeframe.

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Insightful and Useful Comment!