Hi. I'm a newbie in TA and how to find out more.

Recently I read from the newspapers that there is a Candlestick Charting Course by Mr Robert Tay. Has anyone attended his course before? Is it recommended?

Thanks in advance! :)

zenki:

1. Welcome on board.

2. Since no one replied, I just chip in what I know.

3. I do not know anything about the Candlestick Charting Course by Mr Robert Tay, but many years ago I did attended a stock investment course by Robert Tay. Though now I cannot recalled too much details, but my general impression is Robert did a reasonably good job then. He even came out with a "BERT" (Basic Evaluation and Review Technique) to screen stock (fundamentally) himself.

4. Now years has passed and I do not know how much he has improved. But I think the course fee now is not cheap.

5. You can try looking up books (say from Library) on candlesticks, such as those listed in the link below, I believe it cost you less: http://z7.invisionfree.com/ChartistsUnited...dpost&p=1694184

6. Wish you all the best.

Hi zenki,

You may also like to refer to Candlesticker in the drop-down menu right below for some online basic understanding of Candlesticks charting.

Best Regards.. Lion

I too do not know anything about the Candlestick Charting Course by Mr Robert
Tay. But I can recommend you two authouritative western books on Candlestick
by Steve Nison. There are also listed in the TA Books Recommendation &
Discussion (link) thread.

1) Japanese Candlestick Charting Techniques
2) Beyond Candlesticks


You may ask who is Steve Nison. So I tell you a bit about him. But first...

In olden Chinese history, there was a monk from the Tang dynasty who went to
India to get the Buddha Dharma and brought them back to China. He translated
them into Chinese so that the Chinese can learn the Dharma. This is real history.
The one all of us know as told in "Journey to the West" is but a fable or fairy tale
written around the monk's journey.

What has this Chinese history got to do with Candlestick? Nothing but only an
analogy. Steve Nison is the one who brought Candlestick from Japan to the West.
Before that, anyone who wanted to learn Candlestick would first need to learn
Japanese.

Like learning the Buddha Dharma from Chinese text, there is a similar problem
learning Candlestick from the Western text. Chinese Buddhist texts have been
influenced by Chinese culture, Confucianism and Taoism that has nothing to do
with Buddhism. Similarly, western text on Candlestick may also be influenced by
western thinking.

Pure Buddha Dharma is free of all cultural and religious influences even though it
has its roots in India. Likewise, Japanese Candlestick text free of all western
influence.

Still, if you do not know Japanese, these two books offer you the easiest route to
learning Candlestick, but with some impurities. But should you know Japanese,
then go look for Japanese source.

Steve Nison website:
http://www.candlecharts.com

Hi everyone,

thanks for your sharing. really appreciate it. Now I know a bit more abt Candlestick charting.

So does everyone here apply Candlestick in your investment?

As I'm totally new to TA, is there any beginner's book to recommend so that I can build up the foundation? I read through the resource thread but the books seem to be a but "too deep" for me now at the moment cos all the concepts and theories are new to me. Alternatively, is there any good courses on TA to recommend?

Thanks for sharing again. :)

Most of the charts posted in this forum are candlesticks charts, you can sight many examples by just clicking around.

I still think that any of the three books listed in the General TA section offer good starting point. You don't have to buy them first as I think our national library has a few copies of Martin Pring's book. If you still think that it is *too deep*, I think it may be better off if you look at other non TA investment technique, as this is just the beginning and the way ahead of you still a long journey.

I am not against taking course, just that a reasonably good course will cost you much more than a good book. Yet you still have to be very alert and prepared in advance in order to max out what the course instructor is teaching you. If you cannot put up enough effort to studied a book at your own pace to resolve the *deepness*, what make you think you can studied at the pace set by your instructor?

Hi Hc,

Thanks for yr advice.


Personally for me, I tend to understand things better if someone can guide me thru the basics and thereafter, I can pick up things faster from the books, so that's the reason, haha...


But I agree with your point too, so I will borrow one of the books from the library to set the foundation first. :)