Recent content by Weekly Trader

I might be wrong but I believe the hammer is not a valid white hammer pattern as discussed here. For one thing, the upper shadow of the hammer line is longer than the hammer body, and the close of the hammer line is not > the open the most recent dark interval since there are 3 consecutive dark...

Sorry I am almost clueless about this "live-recording" technique. Is that something to do with day-trading? Maybe I am old-fashioned but what I do is studying charts that use historical prices before making a decision to trade. That is why I don't understand why I have to be...

I don't mind posting stock charts that I trade in realtime. I am learning the pattern and implementing it on stocks. I usually use stockcharts.com, bigcharts.com or iqchart.com. So if it is ok with you, I could post stocks that I trade in realtime using one of those charting programs.

It was as usual a chart from a futures website. I did not pay attention to the symbol as much to the chart pattern. So I don't know which symbol it was. As about the interval in question, I remember your rule about the 3 consecutive dark intervals before the hammer line. So if that was dark...

Here is one: It is a valid bullish white hammer pattern..and the support zone of the dark WRB is certainly below the support zones of the 3 intervals before it (assuming the interval labeled "A" is a white interval).

Ok here is my observation about the WRBs: The first chart shows that the unit support zone of the WRB is above the support zone of 1 interval and is below the support zone of 2 intervals. The second chart shows the support zone of the dark WRB is above the unit support zone of some of the...

You are right. Despite being able to see some of the valid bullish white patterns, I don't yet get it always right when it involves a WRB. What I see confusing is the price action before the WRB. Maybe it would help to specify the mechanism of this action so people won't confuse it with other...

You can try http://www.stockfetcher.com. Learning how to make filters and testing them is relatively very easy..and you download nothing.

Ok I think I now know the reason.. The body of the dark WRB in my recent two charts does not engluf the bodies of the 3 intervals before it while it does n your charts. So maybe that is the reason why they are not valid white hammer patterns. Regarding the program for the last chart, it is...

It was a chart from a futures website. I know the price action looks weird but I thought the pattern does not contradict your rules regarding the bullish white hammer. Regarding your question.. I noticed your charts had a white interval before the dark WRB while mine has a dark interval...

This one however qualifies as a bullish white hammer patterm (assuming the long lower shadow of the white hammer line is longer than the body of the interval just before the dark WRB)

ok thanks Here is another chart... Assuming the length of the top shadow of the white hammer line < length of body, that pattern would not qualify yet as a bullish white hammer pattern because the length of the long lower shadow of the white hammer line < the lower shadow of the 1st of the...

Ok the charts I posted are not valid bullish white hammer patterns. I have a question... Should the low of the white hammer line be < the lows of the intervals before the WRB (if one of the 3 intervals before the white hammer line happens to be a WRB)?

The following is also a valid Bullish whilte hammer pattern

The following however is a valid Bullish white hammer pattern.