MoneyTec Traders Community Forum - View Single Post - Why we are taught to set risk/reward ratio larger than 1

eternalfuture · 22-10-2003, 03:22

Vikingtrader,

Candlestick charting rely heavily on chart pattern recognition. I, sometimes, use it as a complementary tool to my analysis.

I recommend you to take a look at Steve Nison's books about candlesticks analysis.

One thing that I can say about candlesticks is that it is a pretty slow in giving signals. It took some time to confirm a pattern to be successful.

Cheers!

22-10-2003, 03:22	#19
eternalfuture Padawan Join Date: Aug 2003 Posts: 892 Downloads: 0 Uploads: 0 Rep Power: 0	Candlestick Vikingtrader, Candlestick charting rely heavily on chart pattern recognition. I, sometimes, use it as a complementary tool to my analysis. I recommend you to take a look at Steve Nison's books about candlesticks analysis. One thing that I can say about candlesticks is that it is a pretty slow in giving signals. It took some time to confirm a pattern to be successful. Cheers!