Re: Japanese Candlesticks
it comes down to personal preference. I rarely use indicators as I look for "reversal" candlestick patterns mainly, and they give me signals of a possible revarsal before any indicator. I will however look for divergence between the MACD and RSI indicators to add more weight to the signal once in a while.
if there is a doji star after a downtrend followed by a bullish "gap" up day, Im not going to look at indicators to see if I should get in.
Buy a few books and experiment and test them out and see what works best for you. Every trader has their own trading style.
But remember, the Japanese rice traders who used candlestick patterns 400 years ago never had indicators.
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