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Just a general discussion on candlestick patterns. Most importanly charts are posted. I'll go first. If you see anything wrong with my interpretation/identification of candlestick patterns, let me know where I went wrong. http://charts.dacharts.com/2005-08-28/1candles.png

The definition of harami that I read is that the body of 2d candle has to be within the body of the 1st candle. 2d candle can be either color. Now it's possible for 2d candle to satisfy those conditions AND have one (or both) of its shadows go above/below the 1st candle's high/low. In that...

reversing position after getting stopped out.

well, please finish it this time, dont be oversensitive.

Hm, I've been getting a pretty high win % with these lately. But the gain yesterday was 22 pips on 8 trades - less than 3 pips on average trade. With 1.5 spread. Not good eh? I also noticed that reversing after a loss lets you recover some losses. I post a chart of such loss/reversal...

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http://charts.dacharts.com/2005-08-25/0825-1.png RED HAMMER http://charts.dacharts.com/2005-08-25/0825-2.png DONT KNOW WHAT THE HELL THIS WAS. BUT SOME TWEEZERS, ANYWAY LOOKED REALLY BULLISH. Comments on trade management would be especially appreciated.

Alrite.

NA, once you take some off at pt1, you move stop on rest to BE, right? But once you take some off at pt2, do you move the stop to pt1 on remainder or keep it at BE?

whats the point of this thread, oddi? If you wanna talk about something specific...

Hmm. Are you actually profitable trading divergences like that?

Yea, the pivots are are whipsawed thru 200 times more often than not. What do you do if goes back and forth thru the pivot 5 times? what good is it?

its a b to trade

This question is about WRBs as profit targets. As I understand the WRB profit targets develop in real-time after the entry. The pt1 always develops on the same timeframe as the pattern signal. Other profit targets may be developed on smaller or higher timeframes depending on whether you feel...

OK, but once the bullish hammer pattern has closed, and the price of next candle is now trading below the close of the hammer.... Is there anything that tells you to enter now vs. to wait for a few more ticks down? Or it's completely intution?

dacharts.com

Less than 1:) Meaning I dont get 1 every day.

OK. I enter 1 tick above the high of the hammer only if it's taken out in the next candle, in the same timeframe. If it's not, then I don't enter at all. I understood that you enter only if the price traded lower than the close of the Hammer in the very next candle. But do you enter as soon...

OK. I'm closer to understanding your comments on charts 3 and 4. Maybe almost there. So... The hammer in chart 3 is of a different subgroup. To me it looks like a Bullish White Hammer Pattern in the Trend Continuation context which is a subgroup that you do discuss. How is it not part of this...