Beginner Questions › THE JOY OF CANDLESTICK TRADING
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March 27, 2021 at 12:26 pm #18859Courtney 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 especially for this thread.
Now this thread is for all to post and all ideas are welcome.
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 up to the second 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?
This thread is different from all others in that it it pictorial, that is, I explain things using charts and diagrams.
A picture says a thousand words.
This also overcomes the problem of people from other countries having difficulty with English.
The 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.[B]LET THE CANDLESTICK TRADING BEGIN [/B]
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