David Goddard Comments on
his Experience with Japanese Candlesticks.
Houston, Texas
Wednesday 3:25 pm
Dear Fellow Investors,
My name is David Goddard. For the past fifteen
years I have enjoyed a successful career
in developing proficient investment programs.
Successful in the sense that my statistical
stock analysis has been able to produce
consistent returns for institutional investment
funds. These formulas required years of
testing and back testing to be able to create
high probability results. Fortunately, the
advent of computers has been making my efforts
more concise year after year.
Despite my great success in producing what
I thought were well-researched returns,
I have been surprised by a whole methodology
that I have overlooked. A few years back,
Steve Bigalow started trying to interest
me in Japanese Candlesticks. Wasn't even
interested. My sophisticated research had
no time for a remedial investment program.
The name itself, Candlesticks, gave me the
initial impression that it was not well-refined
technique. I felt there could not be any
credence to such a simple reversal program.
Due to Steve's persistence, and through
my great reservations, I finally got the
full presentation on Candlestick signals.
Boy, was I surprised. Many of the aspects
that I had been incorporating into my "sophisticated"
research parameters were already being used
in Candlestick chart formations. And they
had been used for hundreds of years. What
I had spent many hours to try to formulate
for computer programming had been perfected
into Candlestick signals for centuries.
The same aspects, high, low, open, and close,
that I was using to establish high probability
trades were already visually embodied in
Candlestick signals. And the amazing part
of all of this was that it wasn't rocket
science, if you will pardon the expression.
This took a lot of the wind out of my sails.
The historic visual analysis of reversal
signal results were too convincing to ignore.
It became evident that what had been developed
in hundreds of years of actual testing was
still viable today.
Digging deeper into the creation of the
set of Japanese Candlestick signals, I found
new insights that I had spent little time
thinking about. My statistical analysis
work was derived by knowing that there are
fluctuations in investor thinking. Believing
that concept led me to many successful statistical
observations. But that was just scratching
the surface. Japanese rice traders not only
identified highly profitable reversal signals,
they analyzed the investment community's
investment psychology that formed that signal.
That may not sound that impressive, but
think of the powerful ramifications when
projecting what a trend will do for the
next number of time units.
My research productivity exploded. Using
Candlestick parameters in my statistical
analysis eliminated hundreds of hours of
testing. Here was a fully researched trading
method that had a multitude of statistically
proven results that could be built upon.
Results that could be easily determined
with visual assurance. What computers could
accommodate today, the testing of many hypotheses
of potential profitable theories, Japanese
rice traders had perfected with actual profitable
results over 400 years ago!
My nature has always been to discover unheard
of methods for generating consistent, low
risk profits from the markets. To find Japanese
Candlesticks had achieved that end without
the use of complicated and unique computer
search programming was truly awesome. What
an impressive accomplishment! Especially
knowing how many millions of combinations
of criteria that can be applied to finding
the proper trading program, the fact that
the Japanese had developed such a highly
accurate signal recognition with only a
visual charting technique humbles the computer
program era.
The probability of a successful trade after
the appearance of a Candlestick reversal
pattern provides a dynamic platform to extend
profitable trading research. Why reinvent
the wheel?
I am excited about the opportunity to profit
from market moves in the future. The combination
of the already proven Japanese Candlestick
signals, interacting with modern day computer
capabilities, provides a huge advantage
to those who understand the driving force
behind the signals. The Candlestick Forum
group has already implemented trading programs
using the signals/computer combination.
They have made understanding Japanese Candlestick
signals an easy program. The magnitude of
sophisticated information instilled in the
signals, illustrated with the utmost graphic
simplicity, creates the opportunity for
everybody to reap great benefits from Candlestick
formations.
My thanks go to Steve Bigalow and the Staff
of the Candlestick Forum for exposing a
repertoire of learning processes and successful
investment programs. The intense common-sense
benefits of Candlesticks will make successful
investors for those who take the time and
effort to apply the concepts derived from
this methodology. Take advantage of the
knowledge that is being presented on the
Candlestick Forum Website. It is easy to
realize why the Candlestick method will
completely alter an investor's perspective.
I sincerely recommend becoming familiar
with the inherent concepts associated with
the forming of the Candlestick signals.
Happy investing,
David Goddard
Investment Fund Manager
David Goddard has designed investment programs
and is managing institutional investment
funds for a major hedge fund company. His
extensive background with statistical analysis
has resulted in many highly successful trading
methods. The consistently high returns he
has developed are through his efforts and
understanding of unique investment concepts.
Thanks for those kind words, Dave. Now
I'd like to tell you my story of how I came
to know and love Japanese Candlesticks.
Japanese
Candlestick Trading
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Goddard Talks About His Discovery of Japanese
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