View Full Version : OFF - Candlestick Charts
Win2Win
31st May 2007, 09:47
Are these charts any use, or would I be wasting my time with them? Would they ever be of use on Betfair?
http://www.hotcandlestick.com/ & http://www.investopedia.com/articles/technical/02/121702.asp
I just don't want to have to read all the blurb if they are useless.
Onlyforfun
31st May 2007, 10:26
I don't use them. But the first chart also shows what I assume are Bollinger bands which can be useful to give you a theoretical minimum / maximum price over a period, but I can't imaging they would be of too much use in a rapidly changing market like Betfair.
I generally find charts are great at telling you what has happened but are not quite so reliable for telling you what will happen.
Win2Win
31st May 2007, 10:41
The chart of peoples lives tends to be correct at the end...Death :)
Ta.
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