Candle Pattern


  • 1
  • redsixspeed
  • 20-Mar-2009 at 9:54 AM
  • Rep: 4,111
  • Posts: 1,711
ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
  • 0
  • redsixspeed
  • 29-May-2009 at 7:30 PM
  • Rep: 4,111
  • Posts: 1,711


Click image for original size
No Description Entered
  • 0
  • CharterJoe
  • 2-Jun-2009 at 3:51 PM
  • Rep: 4,475
  • Posts: 2,352
FWIW

BEXP is a fav. for my swing stock trading and a fav. pattern on the daily with a thrust breakout on 5/29 and a NR followed by another NR inside day. This ought to be a good trade either way above mondays high for long and below the low for a short.
  • 0
  • redsixspeed
  • 3-Jun-2009 at 12:54 PM
  • Rep: 4,111
  • Posts: 1,711
When using trend lines I like when possible to snap the line from pattern to pattern
or to a single candle line ie. doji to doji; however if the pattern or candle line
is in the middle of the move it carries less weight
  • 0
  • redsixspeed
  • 9-Jun-2009 at 8:31 PM
  • Rep: 4,111
  • Posts: 1,711
"Where a candle pattern or line appears within the market picture is often more important than the individual candle pattern"
  • 0
  • redsixspeed
  • 10-Jun-2009 at 6:07 AM
  • Rep: 4,111
  • Posts: 1,711
Three areas a pattern carries less weight (1) middle of move (2) moments before news (3) moments before the open
A pattern that appears say 15/20 min. prior to news/open, the market is holding a price area until the event takes place. I didn't say they could not be traded but they are weak IMOH.
  • 0
  • drastic801
  • 10-Jun-2009 at 12:28 PM
  • Rep: 0
  • Posts: 20
anyone know how many times you need to post before it allows you to email another member? Thanks,.
  • 0
  • redsixspeed
  • 22-Jun-2009 at 8:44 PM
  • Rep: 4,111
  • Posts: 1,711
I had projections to downside today. One was to 889.75 the others 882.25
and 874.75 / I thought we would go down ahead of fomc just not this quick.

Just noticed fomc is Wed. I thought it was tomorrow...
  • 0
  • redsixspeed
  • 23-Jun-2009 at 6:30 PM
  • Rep: 4,111
  • Posts: 1,711
That 889.75 projection is now the daily pivot point...lol
  • 0
  • redsixspeed
  • 24-Jun-2009 at 11:50 AM
  • Rep: 4,111
  • Posts: 1,711
key retrace # up here 906.75
  • 0
  • blue
  • 24-Jun-2009 at 1:28 PM
  • Rep: 751
  • Posts: 388
I have a retrace to 926-928
  • 0
  • redsixspeed
  • 8-Nov-2011 at 5:46 PM
  • Rep: 4,111
  • Posts: 1,711
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 ...
Emini Day Trading / Daily Notes / Forecast / Economic Events / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Mortgage Calculator / Donate

Copyright © 2004-2023, MyPivots. All rights reserved.