Candle Pattern


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  • 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
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  • redsixspeed
  • 11-Apr-2009 at 12:31 PM
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quote:
Originally posted by redsixspeed

Now can the pattern fail? Sure it can news can change the market, a threat of attack
a war, but under what may be called normal trading the pattern works.


As with all s/r after they have been hit the first time they become weaker (imho) when hit again if there is a move up/down it may
not be as much as the first move from that area. Apply your rules.
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  • redsixspeed
  • 14-Apr-2009 at 5:57 PM
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quote:
Originally posted by redsixspeed

One area I'll be looking @ to the downside is the mid point of that big
5/15min. candle


We hit the mid point of that dominate candle @ 4:55pm edt
@ 834.00 not much volume though
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  • redsixspeed
  • 15-Apr-2009 at 6:01 AM
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The low of the dominate 15min. candle from 4/9 is 826.50. This will be
an area to watch if we move in that direction
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  • redsixspeed
  • 15-Apr-2009 at 11:28 AM
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quote:
Originally posted by redsixspeed

quote:
Originally posted by redsixspeed

One area I'll be looking @ to the downside is the mid point of that big
5/15min. candle


We hit the mid point of that dominate candle @ 4:55pm edt
@ 834.00 not much volume though


That 834.00 area trying to be a tuff nut to crack
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  • redsixspeed
  • 15-Apr-2009 at 12:25 PM
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This is the candle I posted on 4/9 and have been rambling about
acting as support.
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  • redsixspeed
  • 16-Apr-2009 at 5:49 AM
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  • redsixspeed
  • 16-Apr-2009 at 8:06 AM
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The 834.00 area has acted as support, but sometime in the future we will have a
change of polarity and this area will be resistance
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  • redsixspeed
  • 16-Apr-2009 at 11:57 AM
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"Where a candle pattern or line appears within the market picture is often more important
than the individual candle pattern"....pg 147 Japanese CandleStick Charting Techniques
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  • redsixspeed
  • 16-Apr-2009 at 6:33 PM
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  • redsixspeed
  • 16-Apr-2009 at 7:54 PM
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Not sure why this pattern has shown up so much lately, as I said there are others.
This will be my last post in this topic.
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  • 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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