[cyberwiz]

Originally posted by theposer
morning trader "If you understand candles"

You said the above in your first post that you need to understand candles when using this strategy, i would just like to know why?? and how do i incorporate my understanding of candles with this relatively simple MA cross system?

Thank you.............would just like to say i always use a good old fashioned line chart and whilst i understand candlestick patterns and why perhaps someone would use them i personally think they are catacalysmically overated and to me utterly pointless

I think the idea is to use the candlesticks only to to determine the close/open of a period. You could use the standard bars as well. This gives a better visual confirmation as opposed to a simple line chart. I don't think this strategy is using candle patterns (unless you want to incorporate them).

Regards,
Dimi