Candlesticks And The Haguro Method by Gary Burton
Lighting The Path
As technical traders, we must always consult the market. Here’s a method that sets clear support & resistance levels and can be used to trade futures, equities, and forex pairs.
In this article I will attempt to give justice to the outstanding observations about market movements made by Seiki Shimizu in his book The Japanese Chart Of Charts. Shimizu’s text documents expected price movements following a particular candlestick shape.
As technical traders, we must always consult the market about the market. This is the first tenant of any technical trading system. As Shimizu put it:
"We should look at the market movement itself rather than look at economic policies. The art of candlestick charting started in the late 17th century in the port city Sarkata during the 8th Shogunate period long before forward-looking economic policy was considered as an investing tool. The trader should look at market movements as the ebb & flow of a river of the greater market emotions..."