Finished reading the candlestick book

I've finished reading the book that I mentioned in this post about candlestick charting. Overall I got a lot of inspiration from it and really looking forward to putting some of the techniques mentioned into practice.

I was a little disapointed with the multi line patterns, not because of how they were presented more simply because they really seem to be just candle addition to create a single candle. I was rather expecting some kind of magic from them.

One thing which I forgot to mention in my previous post was the need for confirmation. When you see a candlestick pattern you need to have confirmation from the following candle(s). Your trading strategy will dictate how much confirmation you require, though it is a VERY valid thing to remember when looking at candlestick patterns. I may at some point outline some of the patterns and give the details of the confirmation required, though until then there is most likely a lot of information you can find online.

She also reinforced some things such as needing to use candlestick charting as only one component of your overall trading strategy and that as traders we need to get rid of all emotion in order to be successful... that last point I think will be the hardest and most likely the thing that makes the majority of people fail as traders.

Related

1. Learning About Candlestick Charting Patterns
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4. Money Management
5. Good System to Profiting?

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