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Profile: Waveridin
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User Name: Waveridin
Groups: Gold User, Member, TeleChart
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Joined: Monday, March 28, 2005
Last Visit: Sunday, January 18, 2009 1:27:02 PM
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Topic: Japanese Candlesticks study results and associated research papers...?
Posted: Saturday, April 23, 2005 4:29:58 PM
Hi James,

In the small chance you have not already found it, there is a chapter titled Reliability of Pattern Recognition in Candlestick Charting Explained by Gregory L. Morris. Among other things, the chapter lists some tables of candle pattern rankings based on percent improvement over random calls.

I'm a new trader and have learned candlesticks well enough to read what is happening or has happened. I am just about to enter a phase where I will start learning about using patterns to recognize reversals.

I hope the book helps your studies. It sounds like a fun thing to be studying. And, 70% accuracy sounds like a profitable tool to have! I'd be interested in hearing more about your findings.

Best wishes,
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