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  • #39,661
  • Oct 16, 2008 7:24am Oct 16, 2008 7:24am
Quoting SunTrader
But then there is a trade entry called Gann Pull Back where you look to go short on a close below the low of the prior bar after 3 up closes or 2 up closes and an inside bar. Vice versa for a long.

This is mainly used on longer term bars such as dailies but works short term as well.
there are many patterns out there and im sure the ones i notice are only a fraction as i dont do in depth study and rely on experience

tell me this...what do you think about my statement a minute ago where the last 2 daily candles (bears) usually get engulfed by a full bodied bull candle?..common occurance or no in your experience?

or how about this one...the idea that the last 9 15minute candlesticks have made a flag pattern?..haha
Different opinions highly valued, ignorant to slander.
  • #39,662
  • Oct 16, 2008 7:26am Oct 16, 2008 7:26am
knows anyone Heikin Ashi candlesticks ??
The best thing that can happen to you is to find out where you're wrong.
  • #39,663
  • Oct 16, 2008 7:33am Oct 16, 2008 7:33am
Quoting psiholog
tell me this...what do you think about my statement a minute ago where the last 2 daily candles (bears) usually get engulfed by a full bodied bull candle?..common occurance or no in your experience?

or how about this one...the idea that the last 9 15minute candlesticks have made a flag pattern?..haha
1) It happens, don't really know how common to really bank on it though.

2) Not a fan of flags/pennants/H&S/gartleys/etc. Too much clutter if you ask me. But they work for many others so I don't dismiss their use at all.

But from what I have seen of your work with S/R and channels/trendlines you certainly know what works for you and how to make it pay off.
  • #39,664
  • Oct 16, 2008 7:34am Oct 16, 2008 7:34am
i expected more action then what we're seeing on the charts at the moment. Hmm. somewhat of a muted response from the market
  • #39,665
  • Oct 16, 2008 7:35am Oct 16, 2008 7:35am
its a silence before a storm
  • #39,666
  • Oct 16, 2008 7:35am Oct 16, 2008 7:35am
Bloomberg TV will give you verbal so you don't have to refresh the FF page. However, and a big however, you won't miss anything if you wait. Infact, it is advised you wait for 5-15 min on a day like this to see where price will move and 30 min or so if on NFP. Cause there will always be whipsaw with announcement. And the truth trend will continue or resume after the dust is settle.


Quoting meddeum13
that where can I get the news result in real time,,

I want something faster than the FF schedules.(i think it's so slow.. when It gives me the value,, the market moving has been ended.)

DOes anyone know some nice place?
  • #39,667
  • Oct 16, 2008 7:35am Oct 16, 2008 7:35am
I think we'll see some drop right?

anyone guess?
  • #39,668
  • Oct 16, 2008 7:36am Oct 16, 2008 7:36am
to all you curious minds out there about candlestick patterns. here is another common one...live and basic. the flagpole and flag which leads to break up most of the time. simple stuff no?

i show it on 5min chart even though i noticed on 15min...looks better

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 36 KB
Different opinions highly valued, ignorant to slander.
  • #39,669
  • Oct 16, 2008 7:37am Oct 16, 2008 7:37am
News:
EUR/USD (1.3412)
European & US sessions forecast levels: 1.3255/1.3515
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 8:30 AM CPI, Core CPI, Initial Claims, 9:00 AM Net Foreign Purchases, 9:15 AM Capacity Utilization, Industrial Production, 10:00 AM Philadelphia Fed, 4:00 AM Italian Trade Balance.
Daily Strategy: The Federal Reserve change the opinion for the current recession. The problem come by the balloons said Ben Bernanke in New York. Bernanke said that is optimist about the economy and out of the current crisis, but is necessary new rules to avoid making of balloons. The optimism of Bernanke pushes the dollar to gain against the euro. There are a lot of key reports today for the US economy. All news will be carefully monitor by the investors.
  • #39,670
  • Oct 16, 2008 7:39am Oct 16, 2008 7:39am
Quoting meddeum13
I think we'll see some drop right?

anyone guess?
I'm not sure. I decided to stay out of this news for now.
  • #39,671
  • Oct 16, 2008 7:40am Oct 16, 2008 7:40am
Quoting psiholog
to all you curious minds out there about candlestick patterns. here is another common one...live and basic. the flagpole and flag which leads to break up most of the time. simple stuff no?

i show it on 5min chart even though i noticed on 15min...looks better

Attachment
Does the flag tell you which direction it is supposed to break out?
  • #39,672
  • Oct 16, 2008 7:42am Oct 16, 2008 7:42am
Quoting altrader
Does the flag tell you which direction it is supposed to break out?
yes its a continuation pattern..in this case up


for a continuation down that flag pattern would be turned upside down in a bear trend
Different opinions highly valued, ignorant to slander.
  • #39,673
  • Oct 16, 2008 7:42am Oct 16, 2008 7:42am
Quoting Driver55
knows anyone Heikin Ashi candlesticks ??
Yes, I do, I use them. HAC technique is quite simple.

You can download an article by Dan Valcu about them from my '.Mac' virtual disk:

Edit: http://homepage.mac.com/jgarciareciob/FileSharing8.html

Hope it helps.
  • #39,674
  • Oct 16, 2008 7:53am Oct 16, 2008 7:53am
Market is flat as the CPI


Quoting altrader
I'm not sure. I decided to stay out of this news for now.
  • #39,675
  • Oct 16, 2008 7:57am Oct 16, 2008 7:57am
Quoting psiholog
yes its a continuation pattern..in this case up


for a continuation down that flag pattern would be turned upside down in a bear trend
cool thanks for the explanation
  • #39,676
  • Oct 16, 2008 7:58am Oct 16, 2008 7:58am
Quoting SeaPip
Market is flat as the CPI
lol true, although the yen crosses got some action
  • #39,677
  • Oct 16, 2008 7:59am Oct 16, 2008 7:59am
Quoting JgrB
Yes, I do, I use them. HAC technique is quite simple.

You can download an article by Dan Valcu about them from my '.Mac' virtual disk:

Edit: http://homepage.mac.com/jgarciareciob/FileSharing8.html

Hope it helps.
grazie
The best thing that can happen to you is to find out where you're wrong.
  • #39,678
  • Oct 16, 2008 8:06am Oct 16, 2008 8:06am
hi
www.rrtnews.com is a good online source,desktop alerts
hope that helps,way much faster than ff

cu

urs

Quoting meddeum13
that where can I get the news result in real time,,

I want something faster than the FF schedules.(i think it's so slow.. when It gives me the value,, the market moving has been ended.)

DOes anyone know some nice place?
  • #39,679
  • Oct 16, 2008 8:06am Oct 16, 2008 8:06am
And again same story:

US opens - Move to counter-directory to kick out stop losses and then go onto the real move.
  • #39,680
  • Oct 16, 2008 8:15am Oct 16, 2008 8:15am
hmm perhaps.. as for me it depends on my white TL.. if broken then south
Money often costs too much...
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