Candle Pattern


  • 1
  • redsixspeed
  • 20-Mar-2009 at 9:54 AM
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ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
  • 0
  • redsixspeed
  • 6-Nov-2011 at 6:12 PM
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bull separating line at the open ESZ1 .. this comes in the middle of a move .. so caution
  • 0
  • Hunter
  • 6-Nov-2011 at 7:08 PM
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7 November A session open gap higher opening started to fill, i.e., gap opening low, 11958 and the retracement is, so far, 11952. Gaps that start to fill, tend to fill. I faded (sold into the gap higher open) 1.618% of the Stretch calculation, i.e., 12008 (fills up to 12012). Price projection target, basis the (3, -1) formula targets 11888, but I'll be satisfied with a test of unchanged (67 pts x $5 = $335... +67% basis $500 intra-day margin). Waiting, without greed, to determine the offset.
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  • redsixspeed
  • 7-Nov-2011 at 11:23 AM
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Originally posted by redsixspeed

bull separating line at the open ESZ1 .. this comes in the middle of a move .. so caution


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Nison says "the pattern location is as important as the pattern" so CAUTION was the word ...
  • -2
  • Hunter
  • 7-Nov-2011 at 1:27 PM
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7 November: Basis YMZ1 (December $5 Dow futures) and the (3, -1) formula ... trading from unchanged, faded the 1.618% of the Stretch, 11941 + 67 = 12008, (12018 = high) projecting that as the (-1) of the (3, -1) formula, which was followed by the (3) of (3, -1), i.e., 12008 - 67 -67 - 67 = 11807. 11786 = low. (Yeah that's a run-on sentence, but "what do you want for nuthin? A rubber bisquit?") The projected price to fade was ten points (risking $55) below the high, 12018. And the projected low was 21 (risking $105) above the actual print low, 11786.
  • 2
  • redsixspeed
  • 7-Nov-2011 at 4:39 PM
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Thanks for the post Hunter, but keep it on topic please, this is candle pattern ...
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  • redsixspeed
  • 8-Nov-2011 at 7:14 AM
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that 5' belt hold line at 4a.m.et had good volume and acted as support .. if you don't understand the candle term search it
  • 0
  • redsixspeed
  • 8-Nov-2011 at 5:46 PM
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I don't trade with MAs ... but recently I started looking at them .. I have set up a quad chart with different time frame of MAs .. Today at 11:30am et. all four MAs came together and in fact price hit them about the same time .. I just got started with this so I'll post what I see from time to time .. looks good so far .. My intent is to use them as a confirming tool not a primary ...
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