HammerTime@Resistance - again.
maybe a couple more in there if you look exit/reenter or to add on to your position.
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candlesticks
- Thread starter notafool
- Start date
maybe a couple more in there if you look exit/reenter or to add on to your position.
Looks like you're using in your trading the following...
- Japanese Candlestick Patterns
- Trendline Analysis
- Indicators: Price Moving Averages
- Pivot Point Analysis
- Price Pattern: Double Tops / Bottoms
wrbtrader
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it varys.
candlesticks abide
dbl tops bots are a new addition via scatman comment
hammers at support resistance like ma, pivs s/r1234, less used because gotta draw em are fibs, trendlines
seems like vol would be good addition but never seem to get around to it.
everything i know about dbl tops is linked below, seems to be all that's needed.
not too shabby. Price Action Trading
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-14#post-5122486
candlesticks abide
dbl tops bots are a new addition via scatman comment
hammers at support resistance like ma, pivs s/r1234, less used because gotta draw em are fibs, trendlines
seems like vol would be good addition but never seem to get around to it.
everything i know about dbl tops is linked below, seems to be all that's needed.
not too shabby. Price Action Trading
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-14#post-5122486
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All the visual info on charts and their colours...its not surprising why chart analysis is so popular.
I'm not just talking about the financial markets...its everywhere. For example, my real estate agent uses chart analysis (candlestick charts) to view the buying / selling trends of homes and condos in the Province.
I saw a store manager viewing candlestick charts of food prices in his store and I saw last year a local popular furniture do the same with furniture products.
No wonder we have this surge in retail trading via new traders during this Pandemic. Chart analysis is more common place today via introduction in other industries in comparison to 20 years ago.
wrbtrader
I'm not just talking about the financial markets...its everywhere. For example, my real estate agent uses chart analysis (candlestick charts) to view the buying / selling trends of homes and condos in the Province.
I saw a store manager viewing candlestick charts of food prices in his store and I saw last year a local popular furniture do the same with furniture products.
No wonder we have this surge in retail trading via new traders during this Pandemic. Chart analysis is more common place today via introduction in other industries in comparison to 20 years ago.
wrbtrader
%%
They do not ''know''= that would be predicting/not going to happen.
Also print your own chart book, 200 SpyURO/QQQ/TZA/200dma.
Most candlecharts don't mean much-five minute chart.
A topping tail on a monthly chart couldbe big bear move;
sept sells happen so often...………………………………………………………………………...William O'Neils barcharts are good/about the only time I look @ barcharts/his books
Exit anytime,profitable trade; investments=let profits run...…………………………………………………...…………………...…………………..
i am still in middle of researching. aint gonna be done for a long time. if it were that easy then everybody would be millionaires! one thing i recently learned the hard way (good thing it wasnt to hard since i didnt invest alot because i am still researching) is that even if you have a good plan, it isnt gonna get you anywhere if you dont have good management once you are in the trade.