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Author Topic: which charts do you recommand reading for TA  (Read 3437 times)

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March 27, 2008, 10:40:42 PM
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mjstyle


I bought the book Technical analysis of the financial markets by John J.Murpy great book explains everything... but i'm wondering which chart should i concentrate at. There is 3 types.. line, bar, and candlestick I believe the doc uses the candlestick one.. which one do you guys suggest using.. the most effective one? any suggestions?

March 27, 2008, 10:44:06 PM
Reply #1

Dzielak51

Guest
I think the candlestick is the most popular.  Thats what im custom to.

March 27, 2008, 10:44:14 PM
Reply #2

Tommy86

Guest
CANDLESTICKS

there is no other way than candlesticks for doing TA, no doubt!

March 27, 2008, 11:16:59 PM
Reply #3
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mjstyle


thanks guys for the quick response!

March 28, 2008, 10:01:31 AM
Reply #4
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Dr PennyStock

Administrator
Yes, forget the rest, T/A analysis = candlesticks.
Dr PennyStock

March 28, 2008, 07:17:07 PM
Reply #5
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rb122756


mj,

There is a great book called 'Candlestick Charting Explained' by Greg Morris.  You can probably pick it up used on Amazon for a couple of bucks.  Candlesticks are cool because they show you the mentality of the market during the trading day.

March 29, 2008, 12:07:17 PM
Reply #6
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scott


I would also recommend, "Japanese Candlestick Charting Techniques" by Steve Nison. He was the guy who actually introduced candlestick charts here in the U.S. and the book is very good. Not the cheapest book on the subject, but deals can be had if you look around.

March 29, 2008, 12:27:03 PM
Reply #7
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rb122756


Steve Nison is the main man for Candlesticks.  He's written several books on it.  I like the Morris book because it takes a lot of Nison's teachings and boils it down into one book.