Beginner Questions › THE JOY OF CANDLESTICK TRADING – a Learning Experience
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March 27, 2021 at 12:29 pm #18868Courtney LoganParticipant
Hello there :
Well this thread on candlesticks is now here as promised. Indeed it has had a long gestation period. I have prepared many charts beforehand from last year especially for this thread.
Now this thread is for all to post and all ideas are welcome. I do candlestick scalping but posts giving information about long term trading should also be very informative to interested traders.
Like everyone else, I started out with conventional indicators and soon became frustrated with many losses on forex. I already knew about candlesticks from my share trading and it was only a matter of time before I looked at and studied candlesticks because I was losing with indicators.
Candlesticks give [U]up to the second[/U] information whereas indicators only tell you things upon the close of a bar. So candlesticks are completely up to date whereas indicators are basically delayed data.
Would you trade the sharemarket if your prices were delayed by, say, 20 minutes? NO WAY! So why do it with forex?
I have always believed in keeping posts relatively short – else the reader gets bored. So this post ends here.
Next post I will suggest one great advantage of candlesticks. Then charts will be slowly posted, one by one. Other posters are welcome to do the same so that we candlestick traders can all learn from one another.
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