candlestick charting explained phần 7 pps

... 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

... 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, ... 3-13A »*«!• 1 178 1 Reversal Candle Patterns The bullish and bearish Harami Crosses reduce to single lines that support their interpretation in most instances (Figures 3-16 and 3- 17) . The b...

Ngày tải lên: 10/08/2014, 07:20

... 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, ... Breakdown Figure 3 -73 Reversal candle Patterns The Advance Block pattern reduces to a long white candle line that is not quite as long as the Three White Soldiers breakdown (Figure 3 -7...

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) ... higher average gain per trade. Filtering works! Candlestick charting has produced a number of derivative charting and analysis methods. The appeal of candlestick chart...

Ngày tải lên: 02/07/2014, 12:20

... 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. ... interaction between buyers and sellers. Japanese candlestick charting provides insight into the financial markets that is not readily available with other charting methods. It work...

Ngày tải lên: 10/08/2014, 07:20

... Breakdown Figure 3 -73 Reversal candle Patterns The Advance Block pattern reduces to a long white candle line that is not quite as long as the Three White Soldiers breakdown (Figure 3 -73 ). This long white candlestick ... next). Examples Figure 3 -74 Chapter 3 Deliberation (oka sansei shian boshi) Bearish reversal pattern. Confirmation is suggested. Figure 3 -75 Commentary As illustra...

Ngày tải lên: 10/08/2014, 07:20

... 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: 10/08/2014, 07:20

... also shown in Figure 7- 1. Remember, most candle patterns require that the trend be identified. Chapter 6 J. M. Hurst in The Profit Magic of Stock Transaction Timing (1 970 ) explained these alterations ... inter- val, we are still in an uptrend, then it was deemed successful (Figure 7- 1). If not, it was a failure. Figure 7- 1 graphically shows the relationship of reversal and continuat...

Ngày tải lên: 10/08/2014, 07:20

... data. Table 7- 4 shows the results for a prediction interval of three days. Out of 62 possible candle patterns, 57 patterns were identified in this data. It is important to note that 7 patterns occurred ... Table 7- 3. Notice also that the top two patterns were pre- viously near the bottom in the previous tables. Summary of the Three Stock Tables What can be gleaned from the data in Tabl...

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 ... part of the Three Inside Down. Examples Figure 3-13A »*«!• 1 178 1 A candle pattern can be a single candlestick line or multiple candlestick lines, seldom more than five or six. I...

Ngày tải lên: 10/08/2014, 07:20