Besides 'general' technical analysis, there are also more specialised fields within the wider subject. Two such examples are:
Candlesticks are derived from a very old Japanese method and we use them in tandem with the more usual 'bar' charts to give us additional information about the state of play in the market. We do mention certain Candlestick terms in the daily 'Technicals' from time to time - if you are unsure as to the significance of a particular term used, feel free to ask and we shall endeavour to explain.
Unlike Candlesticks, we tend not to concentrate too heavily on Elliott Wave Analysis. Whilst this methodology does have some use over the longer time frame, experience has taught us that it is too subjective in its outlook and is always subject to 'recounts' to fit what actually happens in the marketplace. Whilst this may be contrary to what followers of EWA will tell you, we have seen far too many examples over the past few years when Elliott Wave has failed to capture significant market moves. The problem with EWA is that it can be argued equally validly from both the bull and the bear side of the market, depending on how the 'waves' are counted. Its underlying psychology is valid, but, we wouldn't rely on it to give you accurate short/medium term price levels, which can be far more easily obtained by more straightforward indicators. If you follow EWA, then please continue - every little helps, but, please don't quote any 'wave talk' to us, as any system which still has you short after a 200 point rebound on the S+P really has no place in our trading methodology !