Candlestick charting explained Part 5 pps

... with a gap between two candlesticks of the same color. 2. The color of the first two candlesticks represents the prevailing trend. 3. The third day, an opposite-color candlestick opens within ... pattern reduces to a long white candlestick, which fully supports the bullish continuation (Figure 4-13). The Falling Three Methods pattern reduces to a long black candlestick, which fully suppo...

Ngày tải lên: 09/04/2014, 16:46

... Down. Examples Figure 3-1 3A »*«!• 11781 Foreword Japanese philosophy. Greg Morris has more than ably turned his attention to this fascinating charting style with this book. It occurs to me that Japanese Candlesticks ... example. But I'll let Greg Morris tell the story from here. I just hope my 90-year old friend is still around to read it. I think he would like it. Japanes...

Ngày tải lên: 28/06/2014, 08:20

... 1 Candlestick Charts Japanese candlestick charts do not require anything new or different as far as data are concerned. Open, high, low, and close are all that is needed to do candlestick charting. ... can be a single candlestick line or multiple candlestick lines, seldom more than five or six. In Japanese literature, there is occa- sional reference to patterns that use even more c...

Ngày tải lên: 28/06/2014, 22:20

Ngày tải lên: 01/07/2014, 09:20

... down days. This also applies to photocopying Figure 1- 4 E? 11 0030 "' If you compare Figures 1- 4 and 1- 5, you can see that the Japanese candlestick chart really does not display anything ... trend. Chapter 1 Candlestick Charts Japanese candlestick charts do not require anything new or different as far as data are concerned. Open, high, low, and close are all that is...

Ngày tải lên: 02/07/2014, 12:20

... example of the value of the candlestick method of charting. If you were using close only or standard bar charts, the deterioration of the trend would not quite yet be apparent. Candlesticks, however, ... is required. Figure 3- 92 Figure 3-93 sdl Commentary The Three Inside Up and Three Inside Down patterns are confirmations for the Harami pattern. As shown in Figures 3- 92 and 3-93, the...

Ngày tải lên: 02/07/2014, 12:20

... recognition. Candlestick charting was not actually devel- oped by Honma, only the pattern philosophy that goes with it. His ap- proach has been credited as the origin of current candlestick analysis. Since ... the number 3. The number 3 appears often in traditional analysis as well as in Japanese chart- ing techniques. Sakata's Method is a technique of chart analysis using the n...

Ngày tải lên: 02/07/2014, 12:20

... indicator or the candles. Filtered candlesticks obviously does not work every time. Candlestick Filtering Figure 8- 14 Figure 8- 14 shows Wilder's Directional Index for 14 periods. Again, signals are ... finally drops to a ranking of 34. This says that Morning Doji Star is best when used for short prediction intervals. In contrast, Side-by-Side White Lines- starts out with a ranking...

Ngày tải lên: 02/07/2014, 12:20

... concept. CandlePower Charting CandlePower Charting is another visually appealing charting technique that combines the power of Japanese candlesticks and volume. Typical charting (whether bar or candlestick) ... the chart analysis. 5. Is the word candlestick a Western term? If so, what is candle charting and analysis called in Japan? There is generally nothing but the candlestic...

Ngày tải lên: 02/07/2014, 12:20

... can be a single candlestick line or multiple candlestick lines, seldom more than five or six. In Japanese literature, there is occa- sional reference to patterns that use even more candlesticks, ... when considered alone (Figure 3 -21 ). The Shooting Star pattern reduces to a long white candle line, which almost always is considered a bullish line (Figure 3 -22 ). Both of these patterns a...

Ngày tải lên: 10/08/2014, 07:20

... recognition. Candlestick charting was not actually devel- oped by Honma, only the pattern philosophy that goes with it. His ap- proach has been credited as the origin of current candlestick analysis. Since ... appears be- tween two candlesticks of the same color (Figures 4-29 and 4-30). This color should reflect the trend of the market. The third day opens within the body of the second...

Ngày tải lên: 10/08/2014, 07:20

... causes concern to the bears and a potential bottom has been made. Candlestick charting shows this action quite well, where standard bar charting would hardly discern it. Pattern Flexibility The white ... can be a single candlestick line or multiple candlestick lines, seldom more than five or six. In Japanese literature, there is occa- sional reference to patterns that use even more...

Ngày tải lên: 10/08/2014, 07:20

... derivative of the Three White Soldiers pattern. The first two long white candlesticks make a new high and are followed by a small white candlestick or a star. This pattern is also called a Stalled pattern ... shinte zukae) Confirmation is recommended, especially for the bearish Breakaway pat- tern. Figure 3- 84 Figure 3-85 D Commentary Bullish Breakaway The bullish Breakaway pattern comes...

Ngày tải lên: 10/08/2014, 07:20

... reversal pattern. No confirmation is required. Figure 3-1 05 Commentary Two Black Marubozu days support the strength of the downtrend (Figure 3-1 05) . On the third day, the downtrend begins to deteriorate, ... bearish Three Inside Down reduces to a bearish Shooting Star line, which also supports it (Figure 3- 95) . Related Patterns The Harami pattern and Harami Cross pattern are part of the...

Ngày tải lên: 10/08/2014, 07:20

... pattern reduces to a long white candlestick, which fully supports the bullish continuation (Figure 4-13). The Falling Three Methods pattern reduces to a long black candlestick, which fully supports ... trend. Continuation Patterns Bullish Side-by-Side White Lines Two white candlesticks of similar size are side-by-side after gapping above another white candlestick. Not only are they of sim...

Ngày tải lên: 10/08/2014, 07:20