Hi all,
Have been reading up a lot the past few days on candlestick charting, in particular the work by Steve Nison. Would be keen to hear from anyone who successfully uses this for intraday trading. My first question, is which time frame should be used, eg when looking for reversal patterns. For example, the chart offers various times from 1 minute up to one hour and I was wondering which people use to gain the highest degree of reliability. Also, I am fairly new to all this and currently only have an account with ig index. As I use a controlled risk account the spreads eg for FTSE are 8pts and 4pts depending on if the market is open or not. This can be quite prohibitively high and I wondered what the general consensus is on the best firms to use?
Many thanks in advance,
Karl
Have been reading up a lot the past few days on candlestick charting, in particular the work by Steve Nison. Would be keen to hear from anyone who successfully uses this for intraday trading. My first question, is which time frame should be used, eg when looking for reversal patterns. For example, the chart offers various times from 1 minute up to one hour and I was wondering which people use to gain the highest degree of reliability. Also, I am fairly new to all this and currently only have an account with ig index. As I use a controlled risk account the spreads eg for FTSE are 8pts and 4pts depending on if the market is open or not. This can be quite prohibitively high and I wondered what the general consensus is on the best firms to use?
Many thanks in advance,
Karl
