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My vote goes to candlestick charts. Why? Eyecandy :p

Does anyone read a book called: Candlestick Charting Explained (Morris, Gregory) ?? What do you think about this book? Does the author focus on candlestick application, not just a mere explanation of candlesticks?

But did you manage to reliably esitmate the future volatility and gain?

My definition of reliablity is how well the signal works to reach the profit target of the trader. There's no point to set one's own profit target if we shouldn't expect such a high target for this kind of signals. We are here to learn its methods (including the profit target). We will...

I understand that. My question is also an assumption. I just try to figure if you would trade a signal if you are confused with the cause of this reaction (ie you don't know what causes it rise). Really that's the problems of candlestick books. They stubbornly sort every candlestick...

Thanks for your compliment. :) Although I can be profitable now without learning new things, I'm always eager to learn new things and improve my profit-making & loss-control ability. Actually I'm just wondering why there's no writer (as far as I know) who realise candlesticks & their...

Hi. Does anyone try to trade based on their theoretical pricing model? What I refer to is something like somebody compute the theoretical value/price of an option. If the market price is higher than the theoretical one, they sell. Otherwise buy. Does it work? If so or not, why?

What is TOS in full? > a long time to trade option sucessfully Really? Frankly I know little about options. I'm still learning. If I understand correctly, isn't it true we can gain if we can predict the trend correctly. Eg: If I see the trend is going to rise and I buy a call at a cost...

Traders, I need some comments. Here's a website which shows a lot of candlestick patterns. It also classify them into continuation and reversal patterns. Do you think these candlestick patterns are reliable (it doesn't need to be 100% correct, but I expect a higher percentage of...

Currently I'm still learning options, so I want software more than a broker now. However it's not bad to tell me more about broker as I need to choose one utimately. Could you mind commenting more about thinkorswim? I'm more concerned about system stability, execution speed, functionality...

Any more advice?

Let's say the price keep moving sideway between 1015am - 1130am est but it breakthrough (or the price action issues some trading signals to you) at 1200 noon, will you just keep watching (because the reaction is in a wrong timin. you might suspect that reaction) or will you open position anyway?

From the sound of it, you don't really use fundamental analysis to determine a price action o make trade decisions. Rather you are also a tecnical anaylst which combines many technical skills to predict the price action. From your example, it seems the importance of a report is simply to...

Nice to hear that. But I would like to hear more comments about Steve Nison's "Beyond Candlesticks". Is this just a book to list all sorts of individual candlesticks (eg doji, hammer) and candlestick patterns? Does the author tries to explain how to interpret them with real contexts, or how...

It seems to be what I exactly want. It's because a single candlestick or its pattern may mean differently in different contexts, but no book explains this in details. So what books/(online) resources about Wyckoff, Morris, Edwards, Magee should I read? Thanks.

Same as me. Although I read candlestick charts, I wonder I'm not really a candlestick trader. Rather I spot patterns from candlestick charts. For example, I don't really care what each candlestick means (bullish/bearish/neutral). I feel a single candlestick (price action) without any context...

Sorry for my ignorance. What's BS? Actaully candlestick and bar are just the same thing. If you're clever enough, you will realise both contains the same 4 major elements - Open, Low, High, Close. Anything done by candlesticks could be done by bars. Thus candlestick is no better than a bar...

Pretty true. They just state the basic. Why do you need all sorts of analyses & reports? Are you a trader who mix technical analysis with fundamental analysis? I just need something which shows me how to predict the price based on technial analysis ONLY. It could be candlesticks...

Your recommendation sounds great. but do you know any site which provides good commentary/analysis of candlestick patterns? If so, are they free? If not, how much? I look at the chart, pattern, pirce, volume to trade. I won't trade solely on indicator. But indicators may be used as...

Candlestick, if you see through, is merely price action. If you believe past & current price action (ie how it performs in price) have predicting values over the future, candlestick will always work, no doubt! Candlestick is just a visual version of price action. It's an eyecandy which help...