smoothy, candlesticks are fine, line charts are fine, renko is
fine, OHLC bar is fine, doesn't matter. regarding line
charts, they only show closing prices, some technicians like to
draw lines at the closing prices only, while others like to use the
wicks on the candlesticks. I say draw trendlines where you
get the most touches and ignore the really big candlestick
wicks.
Thanks Matt...I should not have used your valuable space here
for sarcasm but I just could not resist responding to that
ridiculous comment of candlestick patterns being useless "for years
now". :)
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candlesticks useless now?...oh my
Megaphone
Posted by smoothy on 3rd of May 2012 at 02:06 pm
candlesticks useless now?...oh my
smoothy, candlesticks are fine, line
Posted by matt on 3rd of May 2012 at 02:14 pm
smoothy, candlesticks are fine, line charts are fine, renko is fine, OHLC bar is fine, doesn't matter. regarding line charts, they only show closing prices, some technicians like to draw lines at the closing prices only, while others like to use the wicks on the candlesticks. I say draw trendlines where you get the most touches and ignore the really big candlestick wicks.
and use the charting style you prefer,
Thanks Matt...I should not have
Posted by smoothy on 3rd of May 2012 at 02:30 pm
Thanks Matt...I should not have used your valuable space here for sarcasm but I just could not resist responding to that ridiculous comment of candlestick patterns being useless "for years now". :)