THE JOY OF CANDLESTICK TRADING - Part 2

Tymen,

You may or may not remember me; I participated briefly in your �The Joy of Candlestick Trading � a Learning Experience� thread. I feel off the wagon as I got involved in more important things pertaining to work. I have since come back and am hoping to learn from you. I have reviewed the original thread, both of the Most Important notes regarding candlestick trading and have read through this thread. It has been a blessing to be able to learn through your diligent teaching. Thank you for all that you have done and all that you will be doing. I plan on sending you a personal message as soon as I can as I have not posted enough to get that privilege yet … Do you know what I would have that privilege?

Travis
SLC, UT

Yes, I do remember you!! :slight_smile:

I remember everyone!!

Welcome back!! :slight_smile:

To answer your above question - you need 50 posts.

Welcome to this forum, jdash!! :slight_smile:

And welcome to this thread!! :slight_smile: :slight_smile:

I accept full responsibility for the confusion, and the matter will be fully rectified with a far superior explanation in the new PDF that is coming.

A few more posts from me showing live trades, and then the PDF will start.

Just bear with the thread for now and learn from the posts!! :slight_smile:

thanks! tymen1, And ryujin84107’s gave me the heads up where to start and will do backreading from there.

I clearly understood the technique from basic to advance. its only just that picture i had in mind wondering, or its just me :smiley:

this thread is gold btw :smiley:

Thank you for the compliment, [B]jdash[/B]!! :slight_smile:

Hmmmmmm.

There were a number of banned posters who thought it was just a load of rubbish!! :smiley: :smiley: :smiley:

One of the things I like about this thread and this method is that more than anything else it is an learning experience. Here we are learning about candlesticks, Bollinger bands, starc bands, entries and exits. Everything we are learning can be transferred over, in one degree to another, to other markets. Tymen you yourself (from my understanding) traded candlesticks in a similar way in the Share Market.

This is more than a system for forex it is a learning experience that we can adapt and use in the event that forex does end.

Tymen I really do appreciate everything you have done and continue to do.

Hi Tymen,

Just wanted to let you know I’m still here and following the thread.

Had a project that I was working at around the clock for a while. But that’s over with now.

So I just finished catching up on the thread. One really doesn’t want to fall behind, it’s alot of reading. Lot’s of good info.

Thank you for the compliment, [B]ryujin84107[/B]!! :slight_smile: :slight_smile:

Yes, it indeed is a learning experience.

That is why my first thread was entitled such!! :wink: :wink:

Welcome back [B]VulcanClassic[/B]!! :slight_smile: :slight_smile:

Surprise, surprise indeed!!

I thought you had vanished like most of the others into the woodwork!!

Great to know you are still here.

Your contributions have always been very valuable.

Trust that the project you worked on around the clock was successful in its outcome!!

I will be posting some more live trades soon, then the final PDF to bring this candlestick trading thread to its ultimate close.

To me, the important thing in trading is to learn to recognize the interaction of the price bars and their relationship to the indicators being used…

The study in these two threads is focused on exactly what price is doing and how the indicators are reacting to price…

Those observations will support a trader throughout his career… no matter what system the trader ultimately adopts…

Tymen, Tymen, Tymen where are you?

I had to go 3 pages back. I can’t believe you let that happen.
Are you OK?
When are you going to post again ?
Is the PDF progressing?
Take care and hope you post soon again.

Tymen.

So I have light course load this semester in college and I’ve decided to study Forex trading intensively. I’m actually treating your Joy of Candlestick Trading Series as a textbook, considering it has so much valuable information.

I started reading Part 1 yesterday and I’m now on Page 13; I’ve been learning about vectors and predicting price action based on averaging the MACD and Bollinger Bands. While this information is useful, I’m afraid that when I get to Page 150, you will have come up with a superior method or have some contradicting information. Lets be honest, no ones candlestick strategy spans 300 pages.

My question is, do you recommend that I go through page by page, or do you feel my time would be better spent focused on certain sections of both parts. Part 1 dates back to early 2008, wouldn’t surprise me if you stopped using certain methods or modified strategies or anything along these lines. What do you recommend I do? Any help appreciated.

Dear Tymen,
Its Muthu from Chennai, India. I just wanted to let you know being a newbie and scrolling hundreds of pages in the internet i just cannot believe that i stumbled up on your first thread few weeks back and i just finished reading them all. First of all, its a rare thing to find there is some one in this world who is so selfless in this dog eat dog world to help traders and newbies worldwide to get confidence and get going. You are like a father figure to me who holds his babies hands and make them walk. May God bless you and your family with his choicest blessings for your tireless and selfless act. I must tell you I am going to recommend this thread to all my friends who are also struggling how to get going. My greetings to all others who were so helpful to post helpful links and guides.

Greetings from the Land of Taj Mahal
Muthu
Chennai
India.

Sorry Oskar, I am still here.

But I do more than just forex trading, I also help people who are down and out.

I have seen crisis after crisis this week with people being involved in terrible struggles of life, such as women without their children, deaths in families, swine flu and helping mental health patients. :eek: :eek: :eek:

This week has been especially draining and I needed a rest.
So all my forex work + trading ceased temporarilly.

I am desperately trying to get back on track. :slight_smile:

I strongly recommend that you go straight to the following hyperlink and read… :wink: :wink:

http://forums.babypips.com/newbie-island/18016-most-important-post-joy-candlestick-trading.html#post75769

[B]After that go to … [/B]

http://forums.babypips.com/newbie-island/10812-joy-candlestick-trading-learning-experience.html

[B]…and read from page 142 thro to page 170.[/B]

After that, you can go to this thread. :slight_smile:

Welcome to this forum, and welcome to this thread, [B]muthusai2000[/B]. :slight_smile: :slight_smile:

Thank you for the very kind compliments!! :slight_smile:

I trust you will gain much here.
This is one of the few threads that emphasises the major use of price action and minimal use of indicators.

Tymen,

I have read your approach to price action with great interest. I am always open to new ideas to trading. I am a firm believer in constant learning and that applies to all aspects of my life.

This is the first time I have come across an explanation in regards to involved emotions in price action made visible through candlestick patterns.

I would like to thank you for sharing.

cas

Cas

I find that Tymen attempts to clarify a lot… and that he gains precision with his teachings…

Many people brush over some aspects of their strategies whereas Tymen attempts to break it down to the smallest element.

I, too, appreciate his work.

dave

Hang in there Tymen!

Thanks to [B]Cas[/B], [B]Blaiserboy [/B]and [B]o990l6mh [/B]for the continuing encouragement.

Yes, attention to small details is my specialty.
Too many people assume readers already know things, and this omission leaves learners stranded.

It is now Saturday night here, and trading has stopped.

I hope to have clearance on Monday, in which case I will restart the sample live trades.
[B]This work now desperately needs to be completed.[/B]

In the meantime, I am also learning to do some computer programming in forex!! :o :o :wink: