For those that don't use candlestick charts you missed a lovely bearish top yesterday, coupled with the divergence on CCI a great trading signal. Down over 3% today. (And yes I did trade it
)
For those that don't use candlestick charts you missed a lovely bearish top yesterday, coupled with the divergence on CCI a great trading signal. Down over 3% today. (And yes I did trade it
)great post....i shorted as well.....i wish there was more individual stock ideas like this on T2W
Ascending triple top on PFscan Helen good for a long haul?
Its' nice when you have assessed correctly.
Bill
Its' nice when you have assessed correctly.
Bill
Hi Bill,
I don't do long hauls I was in first thing and out for +13.5 this afternoon. But I'll be watching it closely like I'm doing with EMG.
I don't do long hauls
I was in first thing and out for +13.5 this afternoon. But I'll be watching it closely like I'm doing with EMG.Hi Helen
Not being a Candlestick practitioner; what do you call that particular pattern? Doji?
The only reason is that Metastock can search for these, and a search based on this and the close being above the top Bollinger (for instance) would pick them out.
I use bars (non alcoholic of course) and look for this pattern on a semi-regular basis and for some reason or other never thought to use candlesticks for this!!
Not being a Candlestick practitioner; what do you call that particular pattern? Doji?
The only reason is that Metastock can search for these, and a search based on this and the close being above the top Bollinger (for instance) would pick them out.
I use bars (non alcoholic of course) and look for this pattern on a semi-regular basis and for some reason or other never thought to use candlesticks for this!!
Hi Peter,
Well it's kinda sorta a an abandoned baby/evening star type thing. But with candles its a bit like music, one candle (note) can stand alone but three or several together make more than those notes on their own. The whole context says a lot.
If you want a quick reference guide to candles check out these links. I have them printed out and keep them on my clipboard.
http://www.litwick.com/indicators/bearish.html
http://www.litwick.com/indicators/bullish.html
HTH
Well it's kinda sorta a an abandoned baby/evening star type thing. But with candles its a bit like music, one candle (note) can stand alone but three or several together make more than those notes on their own. The whole context says a lot.
If you want a quick reference guide to candles check out these links. I have them printed out and keep them on my clipboard.
http://www.litwick.com/indicators/bearish.html
http://www.litwick.com/indicators/bullish.html
HTH
THE W.I.T. system (Warm-machine Infallible Trading ) indicates a good reversal having been made with roll-over and accelerated decline predicted as next major moves. Some caution warranted if price fails to close under 415p during this current bout of weakness, as it could lead to a temporary setback to the 445p area. Towels to be thrown in above 455-57p.
) indicates a good reversal having been made with roll-over and accelerated decline predicted as next major moves. Some caution warranted if price fails to close under 415p during this current bout of weakness, as it could lead to a temporary setback to the 445p area. Towels to be thrown in above 455-57p.Are you sure that WIT doesn't stand for Women's Institute Traders? You know the ones, the old girls who can trade and make jam at the same time, while humming the tune of Jerusalem.
:cheesy:
:cheesy:
Hi Paul,Trader333 said:
I think this is the problem men and non-musicians have with candles, they always want things to be clear/precise, they just aren't most of the time, it's about context of the type of candle rather than absolute patterns
I used the word "ish" quite deliberately so no one would say "but it isn't because...." Miki...I wouldn't be surprised as I have no interest in gardening
Skimble, I can trade AND make money at the same time...so how about WM's Institute of Traders
Helen) But your point about the lack of clear-cut examples/interpretation is quite right.
Skimble, I can trade AND make money at the same time...so how about WM's Institute of Traders
Helen
) But your point about the lack of clear-cut examples/interpretation is quite right.