Prooved Methods With Candle Sticks

goldenarrow2007 · #1 29th July 2007, 03:25 PM

Hai - - -I have been trading since several years using diff techniques available in stock mkt but from my experiance I wish to inform that only certain pattern with candlestick charts only can predict the intraday moovement for any stock - - - -Today let the mkt climbs or drifts - - -technique used by these patterns gives reasonable targets achievable but certainly agressive targets should not be aimed.One can take immediate position in cash mkt as per these strategies with multiple margin exposure applying stop loss and sqareoff their position within 45 min or even lesser time.One can earn reasonable profit from 1200/- to 3500/- deducting all their expenses daily.If one goes for aggressive targets------any methods in technical analysys will certainly results in loss.Candle stick charting methods certainly helps to achieve intraday targets but reasonable targets.Any body intrested can mail me goldenarrow2007@***** com

sdebu_2000 · #2 30th July 2007, 12:04 AM

is it an advertisement of ur trading strategies? we are all here to learn and share our thoughts. please try to understand my point.If you have anything to share, u r welcome otherwise...............................????????

goldenarrow2007 · #3 30th July 2007, 01:04 AM

If at all it was meant for any advertisement about my strategy certainly I should not have used the words CANDLE STICKS - - -It was just to express my feelings that only certain pattern in candle stick charts can give you small returns but those small returns are guaranteed from my experience and those small returns will alltogether makes a handsome returns at the end of the day.Most of us knows that if one have won in one agrressive target using technical analysis he must have lost many targets using the same analysis.In short the idea of my post was to convey readers that using technical analysis aggressive targets cannot be attained allways but if one use technical analysis in a disciplined way strictly adhhering to it aiming small targets deducting the brokerages and other expense one can gain from stock mkt - - --and candle stick charts gives a clear indications regarding a stock moovements and its momentum.THANK YOU.

aca_trader · #4 30th July 2007, 04:38 PM

Quote:

Originally Posted by goldenarrow2007

One can earn reasonable profit from 1200/- to 3500/- deducting all their expenses daily.

What will be the base capital for this kind of return? Also, upto what limit of capital, the same ROI can be maintained?

colion · #5 30th July 2007, 06:06 PM

Unless one is satisfied with "seat of the pants" feeling about the performance of a pattern, statistical metrics are a must. Unfortunately, for candlestick patterns there is not much information. The books by Morris, Candlestick Charting Explained, and Bulkowski, Encyclopedia of Chart Patterns, take a shot at the statistics for candlestick and standard patterns, respectively, but there is no assurance that these metrics are constant forever and ever. Similar information on other patterns (e.g., Fibonacci patterns, Elliott Wave, etc.) are to the best of my knowledge not available. In most cases, the only thing one can go by is individual performance over time which includes a number of variables that may be user specific. That's about the closest one can get to a "proved method." It is unlikely (at least I have not seen any evidence) that any methodology when executed properly will significantly out perform another for extended times - just look at bottom line performance of a universe of "good" traders (to the limited extent that such statistics are availble).

goldenarrow2007 · #6 30th July 2007, 09:38 PM

Base capital is 100000/- and if one go for 4 times margin exposure.As per the mkt the profit may vary but certainly 9 out of 10 oppertinities can be successfull.Candlestick charting can certainly give clear indication whether in the coming moment the probability of that particular chart can moove up or down - - - -but again I wish to intimate you that it is applicable for certain patterns only- - -Those who constantly trade using candle stick charts can naturally understand - - - - -But unfortunaltely other methods in technical analysys gives 50% reliability only.I do not want that our sincere boarders must take it granted that what ever I have posted is 100% correct but if one have traded sincerely with all methods in technical analysis certainly he/she can understand the probability of success.Do not take my post as an argument.This is just a healthy discussion.THANK YOU.

marcus · #7 31st July 2007, 02:10 AM

in the book "the candlestick course" by steve nisson, the author himself says that candlesticks alone will not produce results, you have to combine them with other forms of TA (he dosen't necessarily say chart patterns though)

Anyway after reading a bit I the big-wigs say they believe the only real profitable trading methodology for lay people like me is trend following, using MA's, n-period breakout, bollinger bands.

Advanced professional traders uses analytical quantitative models the best example of which is the legendary Jim Simons of Renaissance Inc.

Professional fund managers use fuzzy logic and neural networks technology, I've read this crowd use neuroshell trader (by the way this is the best TA software period its leagues ahead of wealth-labs or TS/ omega prosuite and requires minimal programming experience) They use these programs to build some sort of models and complex algorithms (by the way not mm alogrithms) always intrigued me

Amibroker, Metastock, Candlepower etc are used mostly by the amateurs aka wannabe's and I'm one of them lol

colion · #8 31st July 2007, 06:59 AM

Quote:

Originally Posted by marcus

in the book "the candlestick course" by steve nisson, the author himself says that candlesticks alone will not produce results, you have to combine them with other forms of TA (he dosen't necessarily say chart patterns though)

In general, nothing should be used in a "vacuum."

Quote:

Amibroker, Metastock, Candlepower etc are used mostly by the amateurs

Only in a numeric sense because there are more amateurs than pros. I suspect that a high % of pros use these programs.

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