how reliable is candlestick signals?

hi to all traders!

As u all know,Candlstick signals are many..there may b more than thousands and different traders interpreted it in different ways..for example generally a long white candle can b interpreted as bullish-- now th qs,is it also bullish in
strogn dwntrend,probably not depending on the context,the bullishness may hav been over the day it appears~!,it may not b bullish when it appears during choopy period aftr long uptrnd and so on..moreover this signals may b stock specific and market condition specific n what not?..now it is upto u to depend on this kind of signals or dump it~..wht do u sya?

how reliable is candlestick signals?
A. As reliable as any other indicator available.

yes definately candlestick study is giving profit but very low

Im an amateur and use only candlesticks in my trades. My experience (a very short one has been that it helps, yet u also need to take stock of where it appears.

I analyse and post the following thread on candlesticks (mainly to help me in post analysis and learning)

http://www.traderji.com/beginners-guide/64792-beginners-club-candlestick-analysis.html

Candle sticks charts are supposed to be many years old and over a period of time people have accoustmed to many new indicators formulas and so many other analysis so candle sticks lost their value now
but even now you can see some nice charts where patters are working out
candle sticks combined with some other analysis gives good result now a days

if candlestck is to b bliv,nifty consolidating for breakout soon..

To All Candlestick observer..Todays Hammer must b very bad for intraday trader taking very long positions n v good for shorters..i suppose this is a correction~Happy Trading!

Candlesticks can give exact entry and exit points. They generate very powerful entry and exit signals when used in conjunction with other analytical techniques like support and resistance levels, trading channels, Oscillators, etc.

Right, and that's why everyone is making great profits with candlesticks.

When will you people learn that its the "smart money" that moves any market. Its not the indicators or candlesticks that move the market.

And "smart money" has nothing to do any TA indicators or any candlestick patterns.

Think about it people , if trading was all about candlestick patterns and TA indicators. Everyone would be making profits consistently. But what is the reality.

Its always the smart money that wins and takes your money. the smart money knows that the herd uses TA and patterns and what not and they use it against you.

All i can say is that there are ways to identify movement of smart money and if you can do it , you will make profits consistently.

Good luck!

Yes, I am totally convinced with the fact that the markets are moved by Smart Money.

And Smart money acts only in one way that Buys lower and sells on higher side.

But we dont know that at what low point smart money will start Buying and Start selling - To come up with this we must apply money management techniques.

regards,