Candles and candles only

I'm thoroughly enjoying it. Thanks for the posts and I agree with a previous poster in that we need more threads like this. Keep up the good work as I'm very interested to see how these reversal patterns play out when the overall market is not in a significant up trend.
 
Quote from billb2112:

I'm very interested to see how these reversal patterns play out when the overall market is not in a significant up trend.
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I am curious to know what your definition of significant uptrend is.
I follow two MA's, a 3 1/2 day for swing trades and a 55 day.. we're above both of them...
 
ASO close 22.36 high 22.4
CTL close 35.3 high 35.35
CTX close 80.24 high 80.38
GDW close 82.3 high 82.39
ITT close 65.69 high 65.8

 

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I am glad that you guys enjoy reading this thread, as I enjoy writing it!
I am also curious to see how these patterns hold up in a down market. For me a "significant uptrend" is simply a higher high/lower low. The definitions of patterns in TA are best described as loose. So keeping it simple works for me.

Good luck and stress free trading,
C.
 
BBT close 34.75 high 34.75
BDX close 38.5 high 38.55
BF-B close 80.1 high 80.1
BNK close 26.43 high 26.45
COGN close 28.35 high 28.43
SYK close 70.68 high 70.84
TSG close 25.59 high 25.59

"stryker...striker!"
 

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Supposedly the three black crows candle pattern is one of the rarest. Usually reversal pattern with something like a 53% of the instrument having an up day following it.

Have fun with it! :cool:
 

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I am getting rid of my AIQ scanning software and downloading Thompson one. I will no longer be able to scan EOD for candles and other goodies. My needs have far surpassed what AIQ can offer me in real time data. I would like to continue with a new thread posting my daily SPY and SPX options trades. If nobody objects of course......:cool:
 
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