Entering on down candles

[algofy]

No. Candles are worthless and add another interpretive level that traders don't need. They are too much information. --They are however touted to beginners as an end all.

What type of charts do you look at?

 

[Buy1Sell2]

What type of charts do you look at?

Bar charts. That's all you need. Candles are needless.

 

[Buy1Sell2]

True they both contain the same info. Candles just visually give a nano second quicker view or two bullish/bearish but not necessary for trading. That is they indicate quicker visually if the bar is a bear trend bar or a bull trend bar or a range bars. Bar charts do the same. Just might take a split second longer to see it. All bars are either trend or range.

HUH? WHA?

 

[algofy]

Bar charts. That's all you need. Candles are needless.

I actually don't see much information difference between the two??? They both present OHLC.

 

[Buy1Sell2]

I actually don't see much information difference between the two??? They both present OHLC.

Candles are presented to beginning traders as a way to beat the market with all their patterns. ---They are no advantage whatsoever and in fact add other ways for the trader to be wrong with their interpretations. Look at them if you wish, but they are better off discarded.

 

[algofy]

Candles are presented to beginning traders as a way to beat the market with all their patterns. ---They are no advantage whatsoever and in fact add other ways for the trader to be wrong with their interpretations. Look at them if you wish, but they are better off discarded.

I agree that candle patterns are BS....when I look at candles vs bars I see the same stuff but candles appear a bit clearer to me but it has nothing to do with engulfing bear clouds or whatever else they peddle.

 

[Buy1Sell2]

I agree that candle patterns are BS....when I look at candles vs bars I see the same stuff but candles appear a bit clearer to me but it has nothing to do with engulfing bear clouds or whatever else they peddle.

Good news. Most folks can't resist the allure

 

[Buy1Sell2]

It's possible that candles are used in a Kramerfrutes type of strategy however.

 

[algofy]

It's possible that candles are used in a Kramerfrutes type of strategy however.

Kramerfrutes?

 

[Gasparov]

If you use candles by themselves, you will lose money eventually when a pattern fails. Use them properly, and you get perfect entries with tiny risk. To each their own.