I got into this last December and January.
Candlestick charting is a commodity trading method
invented in Japan around 1710AD.
One of Japan's most prolific traders who dominated the Osaka
rice exchange was
Munehisa Homma, who was said to have
set a record in his day of over 100 consecutive profitable trades.
I just achieved 32 consecutive profitable trades in silver, oil and
gold using some of Homma's techniques, (but in con-
junction with a few modern analyses to confirm the prediction
of the classical candlestick pattern.)
I would like to present this topic again to a small audience. The panel
was first a general overview of commodity techniques, THEN specific
focus on identifying price patterns in some common 'stuffs,' and then
analyzing how well they predicted what actually happened.
In my previous panel, candlesticks correctly predicted price movements
about 86% of the time. I think it would be cool to look at this technique
again and see how this century old technique survives the coming shocks,
FOMC inflation at $40 billion/month, plus the "Fiscal Cliff" which is supposed
to hit this January.
The dangers of currency inflation are probed in the anime
"C: The Money
of Soul and the possibility of Control," and some basic commodity trading techniques
are demonstrated in the 2nd season of
"Spice and Wolf."This might be a "mature audience" panel not for prurient content, but because it would
be of interest to people who are responsible for managing or protecting their assets as
they save and compound them over time in todays economic climate, and it would be
very interesting to see how such an ancient technique is still an effective predictor even
in modern times (the historical aspect.)
DISCLAIMER: I am not encouraging anyone to go off and trade commodities or screw
around with options or futures contracts; I am NOT an investment advisor or financial
planner, nor a licensed securities dealer. No offers or promises are made that using this
technique can guarantee profit or any specific gain. No claims are being made that Japanese
candlestick charting is more or less effective that other market analysis techniques.