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Given the feedback to my other post, I thought I better share the gist of what I'm trying to do... if my strategy is at all flawed, I'm hoping for some constructive criticism :) Basically, I look for certain candlestick patterns (usually inverted hammer or hanging man) that suggest reversal...

For those of you who use candlesticks (day-charts) to make a next-day play, and are consistently successful, I'm curious to know what sort of growth you are seeing?

The two patterns I mention in the subject are something that I am managing to have some success with. They occur frequently enough that I'm USUALLY able to find one to suit my needs. Though I've not forgotten about the other patterns, and I do keep my eyes out and observe their behavior. I...

Yea, I agree, that is why I scan my stocks using my eyes as opposed to using the computerized candlestick scan. The statistics in the book, Candlestick Charting Explained, I trust though because it looks at many years worth of data, so even if a lot of patterns are being ignored because they...

I was reading the "Tradin Hammers" thread and it seems many folks here really like that signal... but I have a book with a bunch of statistics in it that look at several years worth of data for all of the CS patterns, and the hammer and its bearish reversal counterpart (i forget the name) both...

awesome, thanks for the tip

I think my last post was way too wordy so I'll try and ask the same thing but in only a few sentences... Just wondering if anyone else makes next-day plays on stocks using candlestick patterns? I've had some mixed results by looking for hanging man and inverted hammer patterns (both...

Hi, new to the forums, been doing this for a while but have only discussed my strategy with one other investor... never thought to use a forum :P... I am a swing trader, and I tend to enter the market at EOD and get out the next day. How I choose which stock to go into is based on a blend of...