A little confused about understanding candlestick charts

Quote from learner2007:

If you had understood what I was saying, you woudn't have said "That's false".
But who am I to question someone who knows everything based on the fact that he knows 6 Japanese traders, when I guess I've met almost 6000 traders in the near 50 years I've lived in Japan.
Boy, I'll bet you can use chopsticks too!!

I'm going to bed, and I think you should go to Berlitz!!
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Do not correct someone's English when you too make English grammar/comprehension mistakes in this thread and other ET threads. To concentrate on my English as a facade and not your own while the facts I've stated are correct via what you've stated and implied were false along with stating via facts why Japanese Candlestick Analysis is less popular in Asia in comparison to the western hemisphere...you're just being a jerk. It's as simple as that and I won't try the go to Berlitz reply on you...its just lame.

Therefore, please go to bed to get some rest and don't wake up on the wrong side of the bed tomorrow. If you do, you have me permission to pick apart this message post to look for English mistakes or problems with my English comprehension of your messages. :D

P.S. Maybe Baron should change the website name from Elitetrader.com to EliteEnglishSpeaking.com
 
Quote from wrbtrader:

Do not correct someone's English when you too make English grammar mistakes in this thread and other threads. To pretend concentrate on my English and not your own while the facts I've stated are correct via what you've stated and implied...you're being a jerk. It's as simple as that.

Therefore, please go to bed to get some rest and don't wake up on the wrong side of the bed tomorrow.
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Gotta tel ya joke about the right side of the bed. White bread white boy gets drunk in a sleazy bar on the wrong side of the tracks. Wakes up in the morning with a pounding headache. Sees that he is wedged between the two fattest black girls he has ever seen. "Oh, my god, what have I done?" His head is against the headboard. His feet are against the footboard. Only way out is sideways. He gets up on fingers and toes and creeps over the less fat one. Her eyes come wide open, and she screams "Oh, no! Not me! I'se de bridesmaid!"
 
Quote from wrbtrader:

Do not correct someone's English when you too make English grammar/comprehension mistakes in this thread and other ET threads. To concentrate on my English as a facade and not your own while the facts I've stated are correct via what you've stated and implied were false along with stating via facts why Japanese Candlestick Analysis is less popular in Asia in comparison to the western hemisphere...you're just being a jerk. It's as simple as that and I won't try the go to Berlitz reply on you...its just lame.

Therefore, please go to bed to get some rest and don't wake up on the wrong side of the bed tomorrow. If you do, you have me permission to pick apart this message post to look for English mistakes or problems with my English comprehension of your messages. :D

P.S. Maybe Baron should change the website name from Elitetrader.com to EliteEnglishSpeaking.com
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Ain nuffin' rong wid yo' anglish, bro! Ceptin' yo' lef da cedille offun da c in facesade.
 
Quote from Duref Mudgins:

Gotta tel ya joke about the right side of the bed. White bread white boy gets drunk in a sleazy bar on the wrong side of the tracks. Wakes up in the morning with a pounding headache. Sees that he is wedged between the two fattest black girls he has ever seen. "Oh, my god, what have I done?" His head is against the headboard. His feet are against the footboard. Only way out is sideways. He gets up on fingers and toes and creeps over the less fat one. Her eyes come wide open, and she screams "Oh, no! Not me! I'se de bridesmaid!"
More...

Oh no...not the "I'se de..." phrase.

Where you from boy ?

:D
 
Quote from NoDoji:

[ ...develop a trading plan.

Later after I had a lot more real-time price action trading experience and was actively trading a well-defined plan, I picked up his book again and found that I understood every concept he addressed. Imagine taking a beginner's French course, attempting to read a serious French literary work, then taking three more semesters of French, spending three months living with a family in France, and reading the French work of literature again. The Brooks before/after experience was that different.

So you can see how his book would get a lot of poor reviews. Especially because the acronyms he uses in the book aren't explained up front (they're in a glossary in the back of the book) and the charts are nearly microscopic.

Those who've been programmed to expect instant gratification without hard work (95% of traders?) will throw the book down in frustration and feel very superior and self-righteous telling everyone else that it's piece of crap. Consider this a major asset for the few who are willing to study hard and put in the time to prepare themselves well.

Al Brooks' book is an encyclopedia of price action, covering concepts from the simplest to the most advanced. If you're new to trading or if you've been trading unprofitably for any length of time, mastering Brooks concepts will be extremely difficult and trading the way Brooks encourages will be quite uncomfortable at first.

The payoff, if you persevere and learn how to function in an environment of constant uncertainty, will be far more than you imagined possible.

Alan Farley's "The Master Swing Trader" is another top level study in technical price analysis and also an advanced read. Farley and Brooks basically cover the same concepts, with Farley focusing on longer time frames. [/B]
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==========
Great points;
Master Swing Trader[book],
candle charts/pictures are worth 1,000 words.Dont get hung up on details like my blackbirds[aka crows] have green on them.Groundhogs/Pigs are pink or red[same thingLOL].

Most men are color blind anyway, compared to women:D ;
wisdom is profitable to direct.

Monthly candles have probably made the most money;
with the least comissions, yearly charts do well also.

As far as 5 minute charts;
you better try to talk Don Bright Trading into a good comission rate, cause you willl need that,LOL.:D [Especially since even Don Bright doesnt like 5 minute charts].:cool:
 
Quote from murray t turtle:

As far as 5 minute charts;
you better try to talk Don Bright Trading into a good comission rate, cause you willl need that,LOL.:D [Especially since even Don Bright doesnt like 5 minute charts].:cool:
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Are you insinuating I could challenge Don Bright to a 5m chart trading duel and win???

:p
 
Quote from wrbtrader:

...you're just being a jerk.
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You're right, I shouldn't have said anything. And I wouldn't have if I hadn't forgotten your handle to be that of the one who is disliked, ignored and/or laughed at in nearly every thread in which he comments.

So, this 'jerk' will now let you get back to your fun with
Rosy Palm and her 5 daughters.
 
Quote from learner2007:

You're right, I shouldn't have said anything. And I wouldn't have if I hadn't forgotten your handle to be that of the one who is disliked, ignored and/or laughed at in nearly every thread in which he comments.

So, this 'jerk' will now let you get back to your fun with
Rosy Palm and her 5 daughters.
More...

I follow approximately 47 members here at Elitetrader.com via saving direct links to their user names so that I can see whatever they are saying. They're good members and don't run around starting crap with others. Just as important, they follow my commentary and we all communicate nicely with each other outside of ET and at Elitetrader.com as you notice (or won't acknowledge it) in many other threads here.

Once again, you have stated incorrectly the facts along with initiating crap in your replies. That's why I've implied I've read between the lines via your first reply here in this thread and compared it to your reply elsewhere on similar like topics. Thus, I'm holding you accountable for your past commentary.

Somebody has to tell you the following to stop being a jerk via those personal attacks. :D

I'll let you have the last reply...bye.

P.S. How's my English now ???
 
Quote from NoDoji:

Here is a well-organized resource for understanding the psychology behind candlestick price patterns:

http://www.daytradingcoach.com/daytrading-candlestick-course.htm

...and common P/A trading patterns with positive expectancy:

http://www.daytradingcoach.com/daytrading-technicalanalysis-course.htm

I studied Al Brooks' "Reading Price Charts Bar By Bar" several times. The first time I had to skip quite a bit because I simply didn't understand a lot of it. I extracted what I understood and began doing my own research (10-20 hours a week outside RTH) to develop a trading plan.

Later after I had a lot more real-time price action trading experience and was actively trading a well-defined plan, I picked up his book again and found that I understood every concept he addressed. Imagine taking a beginner's French course, attempting to read a serious French literary work, then taking three more semesters of French, spending three months living with a family in France, and reading the French work of literature again. The Brooks before/after experience was that different.

So you can see how his book would get a lot of poor reviews. Especially because the acronyms he uses in the book aren't explained up front (they're in a glossary in the back of the book) and the charts are nearly microscopic.

Those who've been programmed to expect instant gratification without hard work (95% of traders?) will throw the book down in frustration and feel very superior and self-righteous telling everyone else that it's piece of crap. Consider this a major asset for the few who are willing to study hard and put in the time to prepare themselves well.

Al Brooks' book is an encyclopedia of price action, covering concepts from the simplest to the most advanced. If you're new to trading or if you've been trading unprofitably for any length of time, mastering Brooks concepts will be extremely difficult and trading the way Brooks encourages will be quite uncomfortable at first.

The payoff, if you persevere and learn how to function in an environment of constant uncertainty, will be far more than you imagined possible.

Alan Farley's "The Master Swing Trader" is another top level study in technical price analysis and also an advanced read. Farley and Brooks basically cover the same concepts, with Farley focusing on longer time frames.
More...

Always good stuff from you. Thanks:)
 
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