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n7kon



Joined: 09 Oct 2004
Posts: 52

PostPosted: Wed Oct 20, 2004 8:57 pm    Post subject: CL Reply with quote

As I understand the book and the other information I have see on the forum the Kicker is a great signal to play. Do you think CL with its kicker formed today is a good play?

Keith
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Wed Oct 20, 2004 9:42 pm    Post subject: CL Reply with quote

yes, always play a kicker signal before anything else, CL is one of our recommended positions for tomorrow, but on strength, anything above todays close.
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n7kon



Joined: 09 Oct 2004
Posts: 52

PostPosted: Thu Oct 21, 2004 7:43 pm    Post subject: CL Reply with quote

Now that there are two kickers does this still hold as a good up trend? I would think two kickers in a row with the sto's as low as they are would still be good trading.
If you are watching the charts the day the kicker forms and the sto’s are in the area they were on CL would it be better to get in on the trade before closes the day of the kicker or is it better to wait for the next day to jump in? If we would have done that yesterday we would have been able to capture all of the up today.
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candlestick1
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Joined: 27 Jun 2004
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Location: Houston, Texas

PostPosted: Mon Oct 25, 2004 10:41 am    Post subject: kicker signal Reply with quote

We are not trying to buy at the absolute bottom or the absolute top. We are looking for signals that tell us when to get in and when to get out. Buying after the signal is formed provides a lower risk trade. To try to scan and anticipate when a signal is going to be completed could take most your day. We want to buy after the signal is formed in get into a low risk, high probability trade. Remember, you're not trying to maximize your profits on each trade. You are trying to maximize your profits for your account.
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abbo



Joined: 12 Sep 2004
Posts: 148
Location: australia

PostPosted: Tue Oct 26, 2004 8:41 pm    Post subject: Reply with quote

To take thoughts about the Kicker signal a bit further could you give your analysis of how you would approach the following kicker signals given that the day after the kicker opens at or above the close of the kicker:
a) the kicker consists of a doji type day
b) the day of the kicker is a long black day
In both instances if the kicker days trading is above the previous down day then I think by definition it is a kicker But?
Thanks for your help
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candlestick1
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Joined: 27 Jun 2004
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Location: Houston, Texas

PostPosted: Tue Oct 26, 2004 8:47 pm    Post subject: Kickers? Reply with quote

No, the definition of the kicker is that it opens the first day and goes down.
The next day it opens at or above the opening of the previous day and creates a white candle to the up side. The white candle should be a long body candle. That is the kicker. Any other formation is a gap up and has to now be evaluated as what is going on in that stock.

The fact that a kicker signal is a long white candle in a gap that from the previous day indicates the buying was very strong that day. That is why a kicker signal is so easy to interpret.
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abbo



Joined: 12 Sep 2004
Posts: 148
Location: australia

PostPosted: Tue Oct 26, 2004 8:57 pm    Post subject: Reply with quote

Thanks for the clarification candlestick1
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KarlaF



Joined: 27 Oct 2004
Posts: 25

PostPosted: Mon Nov 01, 2004 8:00 am    Post subject: Reply with quote

what's about stop placement after a kicker signal?
candlestick, when would you say that a kicker signal failed?

buying after a kicker signal alsways means to get a bad chance/risk ratio.

back to CL, we saw the kicker 20.10 with more volumen
but since then price is coming down even with less volumen but price is making the stop level not volumen.
what would you suggest, where to place a stop after a kicker?
thanks a lot
karla
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Mon Nov 01, 2004 10:12 am    Post subject: kicker signal Reply with quote

CL, remember the kickers signal is the strongest reversal signal in the candlestick universe. The probabilities of being in a correct trade is extremely high. The kickers signal demonstrates a drastic change in investors sentiment. A safe stop is at the bottom of the white candle that started the formation of the kicker signal.

Although this may seem like a big percentage move to the downside for a stop point, the probabilities of the move moving higher is so great, that for every time you get stopped out of a position, you probably had dozens of positions that were highly profitable.
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