Our candlestick analyst

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"There is only one good: knowledge,
and only one evil: ignorance."

(Socrates)


Analista candlestick.jpg
HAPPY BIRTHDAY
- He is our candlestick analyst…

Contents

The candlelist

Despite being an almost indispensable tool for a trader “candlesticks” is often misinterpreted, giving life to some embarrassing and sometimes comical discussions. With one course and a couple of books, each aspiring trader can even become a “candlelist” ready to share all his knowledge with other wannabe traders that wants to predict the future.

The typical candlelist wants to understand and formalize all the single market movements using, in an unlikely and careless method, complex candlestick pattern that usually he visualizes in his desk only because they fill the monitor.

In the most dangerous variants he invents new pattern (as if they are needed) specifying that he was the first to discover that incredibly profitable prices pattern.

The typical candlelist doesn't know the waiting, plan-making and moreover contextualization. For the candlelist, using the candlestick in order to qualitatively measure the movements is synonymous of lack of knowledge. He believes that candlestick must anticipate all the future movements.

How to recognize a candlelist:

Evolution of the candlelist:

When a “candlelist” realizes the real use of the candlestick chart (that gives high odds but can't predict the future) he starts to oppose it, going as far as expressing extreme sentences that he never ever thought he would have pronounced:

The second declaration is absurd and deserves a close examination:

If the candlelist doesn't understand the techniques limits, and candlestick limits, he evolves in a greater category of incompetence. In his analysis incomprehensible graphic tools appears and the candlestick remains a nice background.

Note:

See also:

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