Ask The Experts Archive
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| Subject: | Question: | Answer: |
| changing payment plans | I want to to change payment plans (in my case go from monthly to every six months) but I see no where explaining the best way to do this. I could simply sign up for the six months but am afraid that I might still get charged my monthly as well. I could first cancel my monthly subscription but figure that might mean I have to go through the whole sign-up process again. Or I could simply call to get the quick answer I need, but no one ever seems to answer the phone. My monthly is up in two days, so any help would be appreciated. | Call Javier again on the toll free number, he will get you taken care of. |
| Tweezers | If tweezers are suppose to have matching highs or lows,how does one explain Twezers top and dark cloud cover (different highs and lows), Tweezers bottom and hammer (different lows)and Tweezers bottom and piercing pattern (different lows)? Thanks for your guidance! | I think you are talking about two different things. A tweezer bottom is two days where the lows are exactly the same. That does not necessarily mean that a hammer signal has to be a tweezer bottom. |
| Candlestick Flash Cards | Do your Candlestick Flash cards (both sets) apply to candlesticks appearing in Forex currency trading charts? | Not necessarily for analyzing a Forex trade. If you take each currency individually and analyze the charts, then you can apply that information back to a combined Forex trade. |
| Fibonacci | I am trading with candlestick for almost 2 years your candlestick CD's are excellent. I always in a attentin to learn more and more. I have a question about Fibonacci. I play Russell 2000, with combincation of 5, 15 and 60 minutes. If I put a fibonacci retracment on last 1 hours candle, does that help me get an idea what market next move will be and match the schocstics and candle indicators at that point. Is that will be any helpplease advise Thx. | Use what ever techniques you know everybody else will be watching. The advantage you have with candlestick signals is being able to see what is going on at those specific technical levels. Do not be afraid to throw the Fibonacci numbers up on any time frame and watch to see what signals occur when those levels are reached. Keep in mind, the signals tell you what is going on in investor sentiment immediately. Use that information at levels that you know many other investors are watching. |
| shooting star and followed by doji and shooting | h, how do i interpreted this following. .HSI, i see a morning star started to form on April 1. on April 2nd, it formed shooting star and gravestone Doji, on April 7th, another formed doji star and dragon fly Doji, Stochastics is at above 80... on April 8th, small volume selling.. in your video, it said the rule of thumb is when you see a doji, sell immediate.. do i have it correct interpretation and am i reading the right signal ? | Sorry, I cannot pull up that symbol HSI. |
| Buying on the Sector | I am looking at a stock IPCS/Inc., which is in a breakout position, with news reading very well. If the sector is somewhat below the moving average or in a down turn. Would this still be a good buy. | In general, we would like to have the sector moving in the same direction. However, if the news pertaining to that break out is going to override what the rest of the industry is going, use the signal and the news as your main criteria. |
| Scans/Screens | Does your service offer a stock scanning tool looking specific Candlestick formations?Thank you for your time and attention of this question.JimV | Yes, we have some CDs showing how to set up the scanning techniques for TCnet specifically and then a much longer training CD showing how to set up and use the scans on a general basis as well as for each specific signal. |
| Inverted Hammer / Gravestone Doji | hi, i'm still trying to get hanging of reading candlestick signal here. hoping you can help me with this question to see if I have correct or incorrect reading.i see .DJI ( Dow Jone ) is forming inverted hammer today, march 28th with Stochastics 67. is this is the down trend sign or should I be looking for another indicator or what is the next signal to look for ? | March 20th formed a shooting star type signal. But it closed above the tee line. What will be required the next day, if this is a bearish reversal signal, is confirmation of continued selling. This would be a lower open followed by more selling. A positive open followed by continued buying would illustrate the tee line had acted as support and the uptrend would continue. |
| eve sessions | I bought the tapes and would like to know how to access the eve sessions |
To access the Thursday night sessions, you must download Hotcomm. Click on the following link for instructions: http://www.candlestickforum.com/PPF/Parameters/10_72_/candlestick.asp After you download Hotcomm, you must also download the desktop shortcut. Click the following link to install the desktop shortcut: http://www.candlestickforum.com/PPF/Parameters/10_574_/candlestick.asp Once you have the desktop short cut that says "Connect to candlestickforum on relay9," doulbel click that icon and you will be asked to enter a password, the password is 123. |
| DJI | hi, i see DJI on March 25th has a star with Stochastics 89, over brought area. March 26th, i'm not sure what is that signal. is that a hammer and is it a down trend sign since we are at over brought area ? | If it can be analyzed that we are in an uptrend, a reversal of that uptrend requires a candlestick sell signal AND a close below the tee line. |
| FXP, FXI and RIMM | FXP is forming a star with Stochastics at 50..previous 3 days trend is down and on second day it has a hanging-man March 24th. what does this mean ?FXI is forming a star with Stochastics at 50..previous 3 days trend is up. what does this mean ?RIMM, is at Stochastics over brought but the trend is continue upside. how do i read this chart ?more up trend ? | FXP does not have a good chart to analyze. Part of that is the fact that the stochastics are mid range moving sideways. FXI I show the stochastics closer to the oversold area starting to move up. It should be in an uptrend as long as it stays above the T-Line.RIMM is a strong morning star signal off the 50 day moving average. The stochastics are now just getting to the overbought condition. Stay long until you see a candlestick sell signal. |
| Artificial Intelligence and Stock Market Trading | I am looking for as much information/documentation/articles/conference proceedings etc on the use of incorporating news feeds of worldly events in to an artifical intelligence agent that automatically uses this information to understand the current market situation. Your assistance is greatly appreciated. | I am not sure what you are requesting |
| Which Book | Hi, Just starting out. Which of Steves books should i start with? Can I go right into "High Profits..." 2005 - or do i need to start with "Profitable Candelstick..." 2001? Thanks!-Joe | Start with "profitable candlestick trading" that will give you the foundation for understanding why and where the signals work |
| Line Charts | I found your information on the Candlestick Patterns, do you know where I can find the calculations for things like MACD, and all the other types of indicators that go with line charts ? |
We have over 600 pages of free information pertaining to candlestick signals and some of the indicators that work in conjunction with candlestick signals. The best way to get the definitions of each one would be to Google each indicator. |
| shares | I WOULD LIKE TO KNOW IF I CAN BUY 1-2 SHARES THAT ARE $5.00 A SHARE? AND IF I CAN DOES IT MEAN THAT 2 SHARES IS ONLY $10.00? OR IS IT $5000.00? | You can buy any number of shares you want. However, one or two shares of a five dollars stock, costing $10 total, may cost a good amount as far as commissions. Buying 1000 shares at five dollars per share will equal to $5,000 purchase. |
| Position sizing for options trading | Hello Steve,I have your 1st book & also attended your World Cup Advisor webinar last week. I posted a question about position sizing in options trading & you requested that I send you an email instead.For stocks, your recommendation I believe is dividing the equity into equal 8 to 10 positions at any one time so the most that we need to monitor is 8 to 10 open positions. Does the same apply in options trading?My current way of positioning is to use no more than 10% of equity for a single trade. And to calculate the number of open positions that I can have I use a risk based rule where in the worst case scenario if all my trades get stopped out I lose no more than 20% of my total equity. Is this fine, is it too conservative? I cannot yet say if this has been successful cos I have only started doing it this way. I normally buy straight calls & puts.Thanks in advance.Best rgds,Waimun | If I have 10 equal positions, I will use one of those positions funds for my option trading. Those funds may be allocated to four individual positions. That makes my total positions to be following each day approximately 12 or 13. That is not too many to be watching. You need to find what would be comfortable for you. If you're more oriented toward trading options, you may elect to use two positions of funds to trade options. |
| buying | what companies are the best companies to start buying from? | I do not understand the question |
| White body up/Black body down | I purchased your gift package with "Profitable Candlestick Trading" on order 107523. On page 5 & 6 it states "Keep in mind this does not necessarily mean that a white body represents that the price was up for the day or that a black body represents that the price was down for the day." I don't understand how the price wouldn't be up with white and down with black. | The bodies are formed by where the price opens and closes. If a price gaps up but closes lower than where it opened, it will form a dark candle but still be up for the day. Notice the NASDAQ chart of approximately 7 trading days ago. It gapped down but closed higher than where it opened. It was still down for the day but formed a green candle. |
| Multiple time frame | Do candlesticks mean the same thing on a intraday, daily, weekly, monthly charts? (I mostly trade intraday) | Yes, the candlestick signals work just as effectively on a one minute chart as they do on a daily chart or monthly chart. |
| commodities..grains, cattle | In the daily chat room, Steve mentions and show charts of commodities w/his current positons and trades.Do Steve have a separate website for Commodities or where is that located on CS website?I would be interested in participating in his commodities trades in some fashion. Where and how can I obtain this type of info. and sources?RegardsDennis Ditmars | We will be putting buy and sell recommendations on commodity charts in the members area as well as trading on the World Cup advisors program. |
| Managerial Accounting | how do I learn the steps in Traditional Costing and Activity-Based Costing I'm an accounting student and it is very hard to learn the step in working out the methods for both and its very hard to understand my instructor | I do not understand the question |
| CandleSticks and Futures Contracts | When charting with candlesticks for futures contracts should the cut-off time from day to day be the regular daytiem trading hours of the contract (when there is highest volume) or should teh candles reflect the continuous overnight non-stop trading 24hours per day 5 days per week.TIA | Use the normal daily chart, the overnight trading will be built into those cansdles. Correct, the major volume will be during the day. |
| Stock Market Holidays | Do you have a calendar for 2008 Stock Market Holidays? |
Stock Market Holidays for 2008 are available in our website at this link 2008 Stock Market Holidays. Additionally, some exchanges close early the day before major holidays. Remember, the professional money managers often vacation around scheduled exchange holidays. |
| Market Gapping Days | I have a general trading question. I am a new trader. I try to look for 4-5 potential plays each night for the next morning. I have heard Mr. Bigalow say statements like, “I’ll buy if this stock opens up in the morning.” I had identified a few opportunities that I was going to buy put options if the stocks opened lower today. My question is how does one play something like that when this morning happens? One of the stocks I identified opened down over $2. I would barely make my spread back by the time the stock completes its down move (which will be tomorrow at this rate). | A gap down from the candlestick sell signal, although extensive on the first day, will usually indicate much more downside. Don't get caught up in analyzing the price right now, look at what the signal and the gap are illustrating for a trend over the next three to five trading days |
| TSX | I live in Toronto and am trying to learn about stocks. One thing i'm trying to find out now is how do you determine the value of the TSX at the end of the day or any stock market's value? I could never understand what the figure represented. | I am not familiar with the term TSX. |
| buying stocks | First, whats the minimum nuber of shares of a stock a person can buy when getting started. | There is no minimum number, however you do want to have enough shares in each position to where the commissions are not a factor. |
| enquiry on option strategy | Dear Sir I am jaisri from India i like to know about the option strategy you use.In which market you use the option trading. at what point to sell the option is best ie otm/atm/itm. when the price moves up whether to sell a call or put and vise versa. At level the expiration is best .Kindly let me know about itregardsjaisri | There are different trading strategies for options based upon the projected target after a reversal signal, the amount of time before expiration, in the general direction of the market. We will be doing more option trading training on our Thursday night chat sessions. |
| book interview | I'd like to speak with someone about an interview for your web site. I'm writing a book and would like to include this site. Please let me know what works best. Thanks. | I think we are ready discussed details of the books. |
| scanning software | Scanning To technisques To Higher Profit quick Download scanner need connect to TC NET or Tc2000 just can operate? | Scanning Techniques is not a software and does not connect to any software. It is a video that shows how to do scans. Does not need to be TCNET or TC2000, you can use other software to do your scans. |
| what should i do? | Im looking to invest so i can earn a second income so to speak. what would be the best way of going about that? how much would i have to invest to make a few hundred back each month? what do i need to know and what do should i look out for? | The amount of money should be secondary. Learning how to invest correctly is more important. That would include constructing a trading program that fits your schedule. You might want to attend one of the weekend online training courses to get more information. |
| CANDLE PATTERN | IF OPEN EQUAL LOW BUY.IF THERE IS A PATTERN LIKE THIS ,PLS GIVE ME THE BOOK AND AUTHOR NAME |
I do not understand the question. There is no way to tell if an open is going to be the low of the day. The strongest signal is the kicker signal which would involve a gap up above the previous days open and immediately moving in the opposite of the previous days trend. You can read about this in my book "Profitable Candlestick Trading" you can find on the site. |
| candlestick definition | Hello, I heard the term"open candle"Any idea what this is?Sincerely,,, | It refers to the bullish candle, usually a white candle with a chart with a white background. A dark candle is refered to a filled candle |
| candles trading | in your web-site, somewhere i have readthat, by seeing candle formations in last one hour of trading in stock market, we can decide how to trade in the naxt day initial (morning) trading hour(first hour).it is my mistake that i did not write down on the spot abd no0w it is lost.can you guide me where i will get this trading plan from your web pages?i have youe 9 e-books (bought in march/april 07and i read them and trade accordinglyto make profits.please help me and oblige. thanks, kumarpal shah | Unfortunately we have over 600 pages on the website. The last one hour of trading usually indicates what should happen the next day. However, the daily chart is going to have more influence on what should happen the next day versus the last hour of trading candle. |
| rfmd | SHOULD I PURCHASE RFMD WITH THE PRESENT GAP DOWN? AND AT WHAT PRICE? | A gap down in the oversold condition is not an automatic buy. However you do want to start looking for the next buy signal. Join our Thursday night chat sessions to learn more. They are free to everybody |
| Exploration for candle stick formation | I want to get the exploration formula by which I can chose those stock which creates a candle which is least among the last 6 candle not only that the smallest candle would be the HARAMI one.Thankyou. Please send me as early as possible. | We have formulas throughout our website. If you cannot find the one that you want, please e-mail us. |
| Forex | I am wondering if I may ask on forex charts where and how do I find ema 5 ema 15 and also ema 60 in black, blue,and green respectively regards. | This depends upon the charting program you use for your Forex charts. Look for moving average tabs to give you options to change from simple moving average to exponential moving averages. Not all systems offer the option to change the colors for moving averages but that is not important. |
| canlestick 5 star trading | i PURCHASED THIS PROGRAM BUT WHEN i INSERT THEDISC INTO MY COMPUTER IT WILL NOT RUN IT. tHE DISCS CAME WITHOUT INSTRUCTIONS wHAT SHOULD i DO ?lEVI kUHN | Open Windows Media Player, Click on File and choose Open. Select the drive that the disc is in and click Open. |
| Totally Lost. | I am considering getting in to the stock market but i would like to know how much money do you need to invest to make it worth it at first. | That answer is different for each individual. The first thing I would do before committing any great amounts of the market is learn how to invest correctly. Once you know what you are doing, then your comfort level will be much better established for how much money you should have been the market. |
| forex candles | As forex is 24 hour, there are no gaps (unless after weekend). So, when trying to identify harami's, dark cloud cover, piercing patterns etc, can I modify the criteria a little by using use the same open and close prices where usually a gap is needed? | You are correct, some of the signals will not be able to be formed with 24 hour trading, but there are still a number of signals that can be utilized. As long as you realize that the gaps are not going to occur, you can use those signals that are apt to show up. |
| Identifying a candlestick pattern | I have forgotten the name of this pattern:trading period 1 - up period, Open is low for the period.Close is above open but not high for period.trading period 2:Open = close of prior period.High = high of prior period.Close = open prior period and low for the period.This pattern also has other names, for example;One can be two up periods;Or another two down periods;Another up period followed by down period;Then a down period followed by an up period.Thanks for your help! | I am sorry, I do not understand which pattern you are trying to describe. However, you are probably describing a pattern that occurs so rarely that is not worth your time or effort to try to learn it. learn the 12 major signals. They will occur 99.99% of the time. My suggestion is after that if you see what you think might be a signal, leaf through the Profitable Candlestick Trading book and see if you can find it. Again, the majority of candlestick signals occur so rarely that it is not worth trying to remember them all. |
| Three Line Srike Difference | I read the site Q&A on this, but it's so hard to see the TLS as a continuation. It looks the same as the Bear Engulfing; I know it's a 4 liner - but there can easily be 3 white candles before an Engulfing too. Is this signal rare?Thank you! | I'm not sure which signal you are referring to. Do you have an example on a chart that I could look at? |
| Technical Analysis | I'd like to find a good forum where I can learn technical analysis online. | We have a daily chat room was approximately 55 to 75 people each day. We go through all the candlestick signals and the use of other technical indicators to confirm them. This is part of our membership area. It provides a format for continuation of learning. |
| RSI settings | I see you using RSI in some of your charts and Ric also using it. The RSI period is 14. What do you use for the Avg period and is it simple or exponential? | I do not use RSI, I only use stochastics and maybe on some of the charts that have had large gap ups, I have the ADX on the chart. RSI is not required when using candlestick signals because you will be able to quickly analyze whether the strength of an individual stock price is performing better than the rest of the market or the rest of a specific sector. |
| Candle Sticks Palavar | Godd day to u out there. Pls if i may ask u; how can i trade absolute perfectly with this so call candle sticks, and hw can i identify the major one perfectly during trading, and hw can track them down, and pl. send me info that i may during trading Forex. Thks. | I do not know of any perfect trading system. However, candlestick signals provide a trading format that puts the probabilities highly in your favor. |
| candle stick and intraday trading | Hello,Nice website, quick question for you. When ever I come across a website that talks about candlestick patterns the examples that are given seem to always be using high time frames, daily, weekly, 30 min, 60 min ...do people not use candle stick charting on smaller time frames like 3,5 min. I am inyterested in this for day trading eminis but have not been able to find any one who usues candle stick patterns on these time frames???thanks,Colin Taylor | I used to trade the e-mini's using the one minute, three minute, 10 minute chart combination. Candlestick signals work just as effectively on the short time frames as they do the daily, weekly, or monthly timeframes. The signals are created by the cumulative knowledge of investors buying or selling during a specific timeframe. |
| Dark Cloud on PGN | Is this a dark cloud signal and would it be wise to short this stock? | That was actually a shooting star signal which you could have shorted this stock had it opened lower on Wednesday. The reason you would have needed confirmation is due to the fact that the stochastics were not in the overbought condition. A dark cloud signal is where prices open higher than in the on the previous days trading and closes more than halfway down the previous candle. You also want to see the stochastics in the overbought condition. A good example is JRCC of three days ago. |
| Stock Scans/Setup scans | I heard there are stock scans available on the website. Is this a free resource or a member resource? I would like more information please. Thank you. | The formulas for the scans should be associated with each individual signal. Check the signals area. We also have a very inexpensive CD showing the step-by-step process for adding the scans to the TC net scanning software. |
| Best time frame to trade Russell | I bought your candlestick CD, which is a great help in forex. Now I am trading in Russell 2000. I need your expert advise. I am trading in 3 minute time frame and taking small ticks like 60 dollar, three contract works with me, but my success ration is 50% I want to be more accurate.Now this is how I am trading, if the Doji appears in the over sold and over bought area's. I make my decision. I am using Doji as my primary indicator only. But some time Doji fails and I loose my trade. I tried to play with the combination of stochastic and doji. I fail to get the right time frame of chart and stochastic settings to take correct ticks.Pls. help to set the right time for charts and setting for stochastic.Thx | For fast daytrading, I would use a combination of a one minute, three minute, and 10 minute chart. I also used the 12, 3, 3 stochastics with a 5, 2, 2, stochastics laid on top of that. Keep trying different combinations until you find setups that work effectively for you. Also, I would not limit myself to just using the doji, use the hammer and the shooting star and the bullish and bearish engulfing signal's. |
| ENTRY POINT | I BOUGHT WFR ON 7/31/2007 AT 63.67 AND SOLD ON 10/24/2007 FOR 61.21. TODAY IT IS UP $10. I HAVE A BAD HABBIT OF DOING THIS ON A ROUTINE BASIS. IS THERE ANYWAY FROM CANDLESTICK SIGNALS THAT I COULD HAVE KNOWN TO STICK AROUND FOR THE BIG MOVES OR AM I JUST UNLUCKY AND SHOULD NOT HAVE PURCHASED THE STOCK IN THE FIRST PLACE. | No, WFR was a boring sideways moving chart. There would have been no reason to be remaining in that position. However, the benefit of candlestick signals allows an investor to immediately analyze what they should be doing when it does gap up. Note the kicker signal. If you understand what the kicker signal represents, you now know whether you should be back in the position or not. |
| Stock Scan Question | I've heard of TC scan for 3 green lights up or down. I need a description of this scan. I've searched on the web but can't find anything on this. Thanks. |
TC net does not have the red light green light system. I think that is the MegaStock program. TC net is much better for setting up your own scans, such as candlestick signals. Our homepage have a link on the right hand side for getting more information about TC net. |
| money lending | what is money lending and credit risk management | I am not sure I am the best person to ask for these definitions but if you are referring to the recent problems in the money lending area, it stems from the second mortgage market or mortgage lenders that were making risky first mortgage loans. The credit risk management stems from stretching guidelines for what a borrower should be making an income. |
| Stock Analysis | Repost: I found a site (Tinmore com)that predicts the intra-day S&P500 fairly accurately but, apparently, some skill is required to read the model. Do you think their model is useful for a beginning trader? | If you are a beginner, study all the trading information you can get your hands on. Test the information thoroughly before putting your money at risk. You definitely need to be fully confident in what ever trading system you use as a beginner. There will be a major hurdle when applying that information and controlling your emotions. |
| Stock Analysis | I found a site that predicts the intra-day S&P500 fairly accurately but, apparently, some skill is required to read the model. Do you think their model is useful for a beginning trader? | See above |
| Natural Gas/ Candlestick | Hi, i work at a retail energy company.. and moving towards the trading side/ I have some knowledge of candlesticks and t/a from trading my own stock account... MY QUESTION, because now im trading soley for energy commodities... How well does candlestick charting work for energy as opposed to equites...I realize there is a whole different set of fundamental drivers for the energy side as opposed to equities and a whole lot more to take into consideration......Will becoming a devout student(taking my knowledge to another level) of candlestick t/a really help me for trading strictly in energy??.... A timley response would be great as i am thinking about buying your complete set of videos... Thanks again | Candlestick signals work very effectively for all commodities. I have been using them to trade currencies, grains, energies, the meats, and the softs for approximately 20 years. Learn to evaluate what the fundamentals that appear to be in the limelight in conjunction with what the candlestick signals are telling you. The candlestick signals tell you exactly what consensus of investors in any trading entity are thinking. This may be completely different than what the fundamental information is conveying. |
| just to let me know | What techniques can I use to interprete candlesticks on the chart | Do not understand the question |
| Day Session or All Session? | When using candlestick patterns for SHORT term futures trading such as the e-minis, is it best to use charts for "Day Session Only" - or to include the early a.m. and light night activity in "All Session" charts? It makes a difference for moving averages and stochastics. Thank you! | I just used the day session unless it was a heavily traded entity such as a currencies. Otherwise the volume is so much less than the normal volume during the open hours, I did not put too much credence on the late trading. |
| candlestick charting | If there is a disagreement between different time interval candlestick charts, how do you know which to follow, i.e., does a daily chart "trump" a 60 minute chart which in turn "trumps" shorter interval charts such as 15 minute or 5 minute charts? I primarily trade intra- day but sometimes 3 - 5 day swing trade. | It depends on the time interval that you are trading. If you're doing fast day trades, the 15 minute chart may be the one to coordinate with the one minute and five minute chart. An hourly chart may be used more for trades at last a whole day or two. It does not take too much time to go back and research which charts are working most effectively for the time frame you want to trade. Also, evaluating the shorter term charts should also allow you to extrapolate what it will do to a longer term chart. |
| Upside Tasuki Gap | VCLK formed what I would considered a weak Upside Tasuki Gap on 09/26 (weak because the uptrend preceeding it was short: six days.) The gap was not filled the third day (after the black candle) but the fifth day. Would you still condisered this a valid Upside Tasuki Gap? | Yes, but I would look more at what pattern it was forming versus a specific candlestick signal. The signal you are referring to occur so in often you get better analysis is to look at the longer-term patterns the price was creating. In this case, a fry pan bottom breakout followed by a Jay-hook pattern. |
| Drawing Elliott waves | Hello,How do i stretch elliott waves in candlestick chart? I mean, what do i need to use, the highs/ lows/ some average?Thanks. | The Elliott wave patterns are not the most efficient evaluation tools. If you learn what each of the signals are representing at reversals or for continuing an uptrend, you'll get a much better method for projecting price moves. |
| Writing a scan for a certain price range | Hi:My question is "how to write a scan between a certain price range." ie to find stocks between say $5.00 and $25.00 price range without using the range finder in telchart 2005. I need to know how to write it out myself. Thank you in advance. |
very easy, set one parameter Stock price > $5 and Stock price < $25 |
| Mon Sessions | Are Monday Sessions recorded? Where to find the archive. As a member I cant access Monday sessions. Help.M Khan | The Monday sessions are archived in the Member Area of the website. Since these are for members only you must login as a member first. Then select 'Stock Chat' from the menu bar on the left of your screen. Each session is listed by date of recording. |
| Chat | I am a memberHow do get the Mon. Chat?I live in AKM Khan | go to the following link http://candlestickforum.com/PPF/Parameters/10_72_/candlestick.asp for sock chat setup instructions and the member password is in the members' area. |
| S&P eminis | How can you use your candle signals that require a gap (i.e. engulfing pattern) on the eminis since technically they cannot "gap"? When you do see a "gap" on a chart, it's really just a technical abberation.Thanks for your help, Mike | Correct, you will not see gaps in entities that are constantly trading. However, the candlestick signals still work effectively whether you are using a one minute, five-minute, or 60 minute chart. |
| T Line | I avidly read your newsletters. However, I don''t know if I missed an explanation of the T line or if it''s common knowledge. I would appreciate a definition since you frequently refer to it. Thanks in advance,Barry Miller |
The t-line is the 8 exponential moving average which has worked very effectively for RickyWayne in his use of candlestick signals combined with other technical indicators. Come to the Thursday night chat session, those indicators are usually better explained there. |
| candlestick patterns | what are the best and effective candlestick patterns for day trading ??? | A Jay-hook pattern will show up most often. |
| Training Sessions | Hi Steve,Are you going to have any training sessions in Chicago coming up ? | We dont have anything in our schedule for the Chicago area in the near future. |
| Secured Webpage | If I placed a buy order for anything today please cancel...just trying to test your webpage for paying by credit card...is it a secured site with the little lock symbol on the left bottom...thanks | Yes, our website is a secure website witha a valid SSL certificate. |
| Member's chat | I live in AK. How can I receive the 8 pm Member's chat. Is it recorded? Where to find the archivesM Khan | The member's chat is recorded and archived in the Members' Area. You must log in and in the Members' Area on the left blue navigation bar click on "stock chat." |
| Input of PCF's | Where in the website do you have how to INPUT the PCFs so that I can see the stocks that fit the formula? |
Click on the following link for the PCF formulas for TeleChart. http://www.candlestickforum.com/PPF/Parameters/16_263_/candlestick.asp |
| Options | Hi:I have been trading candlesticks since 1997 ( Steve Nison books). Did not make money but learned a lot. Since I cut my losses, I have been in the market since.This year I have traded options extensively, and lost only 4 grands. Which is a lesser loss than previously. I followed bareaserch.com.What is the best vehicle for for option trading, -etf? stocks?M Khan | Read my books, "Profitable Candlestick Trading" and High Profit Candlestick Patterns." That should help evaluate your option trade formatting. |
| sector indexes | I find it helpful to beaware of sector indexes asyou suggest in your latestnewsletter. I use;bix.x- financialxbd.x- broker/dealerhgx.x- homebuildersrlx.x- retailoih- oil serviceCould you provide a sourceof other indexes, i.e.materials like steel, copper, for NU, PCU,X, etcor industrials like CAT,DE, etcThanks,John Leggett | I use TC net for my scanning. They have what they call the HemScott sectors, which consists of 174 different sectors. |
| Candlestick structure |
L.S. On Aug. 17 I sent you an e-mail regarding a specific problem I have with candlesticks. This is about 120 hours ago. Can I still look forward to an answer?Fred
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Sorry for the delay, have been enjoying the lakes and wineries of upstate New York for the past couple weeks. |
| query regarding F&O | I purchased a stock future in the beginning of the month. During the month 1:1 bonus was declared and the stock became ex-bonus in some days during the month. The prices of equity and future both have gone down. In this case what effect will be taking place to the future-holder ? Will he dimme to have to futures with him instead of one ? Please explain. | Please clarify the question |
| Classifying the candlesticsignal towards stochasti | Example: Stochastic indicate the stock being in a downtrend (stochastic = around 50 or 60), however, the stick indicates a buysignal, let's say an perfect Hammer far down in the chart. The next day an entry occurs with price in the upwards direction, as predicted from the Hammer-signal (seen in many charts these days...(mid-august -07)). Do I classify the stick as more powerfull than stochastic and enter the trade if the overall markets indicates an open fairly in favor of a reversal? Best regards! | Yes, the candlestick signal is your predominant signal. The stochastics are only an indicator of where the trend is at the time. Of course, the optimal time to see a candlestick reversal signal is when the stochastics are in the oversold condition. Witnessing a candlestick reversal signal when the stochastics are not quite to the oversold area will still indicate the probability that a reversal has occurred bought be more diligent in watching for a quick bounce followed by another pullback. |
| Candlesticks | L.S., Starting with the assumption that the end (closing)of one timeframe is at the exact same moment the opening of the next timeframe, I Logically assume that the closing price of a timeframe should be the opening price of the next time frame as there is no timespace between the closing and opening of these timeframes. Projecting this on candlestick graphs it seems logical to assume that the top of the body of an uptrend candlestick (bullish)should be at the bottom of the body of the next bullish candlestick or at the top of the body of the next bearish canlestick, including the "Doji". In view of this how do you explain one candlestick "engulfing" the other?Thanks for your answer. | Your assumption is true during a continuous trading format, such as an intraday chart. However, on a daily chart where you will have 16 hours before the next open, you are more apt to see gaps away from the previous close. A daytrader will not see gaps from the previous close as often. If you are daytrading, modify your anticipation to the signals that are more likely to occur. |
| Commodities & Futures | Can you suggest a scanning software that I can use withcandlesticks for trading commodities and futures, TC 2007 price data does not support the forementioned. | No, I am sorry but I have not looked into scanning for commodities. Since there are a limited number of commodities to review I am able to quickly evaluate without scanning. |
| No Gap Interpretation | My charts have no gaps, They are continuous. How do I interpret the patterns with gaps? Thank you. |
You might want to review the Free Resources section of our website where there are several illustrations and explanations for gap patterns. For example, the Upside Tasuki Gap. |
| Day Trader Designation | I am wondering if there is a way around the day trader designation I am not aware of. If you place five round trip day trades in a rolling five day period you are designated as being a day trader and must then maintain $25,000 balance in your account.To me that means that if I place one round trip trade each day (an entry that is executed and a stop that is tripped) for five days I am forever designated a day trader and I have to maintain the $25,000 balance in my account.That seems a bit restrictive to me - having $25,000 doing nothing - so I must be missing something. Can you enlighten me. Am I interpreting the rule correctly and if so am I missing a way to get around this rule so the $25,000 doesn't sit unused.Thanks in advanceGary |
Gary, You might try reviewing the U.S. Securities and Exchange website at www.sec.gov or www.patterndaytraderrule.com
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| Trailing Stoploss | Can I set Trailing Stoploss that automatically operates without my intervention. I am from India and out here one has to manually move stoploss orders as the trade moves in the profitable direction so one has to constantly be watching the trading screen. Is the option available in Exchanges in the US and Australia ? | Yes, there are many online brokerage programs that have stop loss capabilities. That eliminates the concern of where you are located. You might check with Schwab or E*TRADE. |
| 7/19 Stock Chat | The 7/19 stock chat does not play - missing Codec error. However , all other stock chats are fine indicating the COdec is installed |
Try to install the codec again from the following url: http://download.techsmith.com/tscc/tscc.exe The video is working fine and haven't had any other known issues with it. |
| Problems with a cd I purchased | I recently purchased the 2-day seminar cd set. The disc entitled "High Profit Patter Scanning Techniques" contains audio only. I have tried it on Windows Media, Realplayer and Nero Showtime and none of the programs support the ICM.tscc content that is on the disk. What software plays this, or do I have a bad disc? |
Jeff, Scanning techniques was recorded in .avi format and requires you to download the techsmith codec so that it can play in your Windows Media Player. you can download the codec from the following link: http://download.techsmith.com/tscc/tscc.exe
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| Short Cuts | I am looking for a source to provide me accurate UP TO DATE, candlestick analysis...including intraday. (I use candles as confirmation, along with fibs, a self developed t/a, and of course blind luck!). Is this something you provide both at the end of the day and intra day? | It appears you are looking for live streaming data. We provide educational training. You may want to look into TeleChart 2007 Stock Analysis Software. |
| the stock market | how do i begin? | You probably want to read "Profitable Candlestick Trading". That book will give you a comprehensive understanding of why and how candlestick signals work correctly. From that point, you can start investigating the different products that would go into much more detail for specific areas. |
| Rick Wayne presentation | Got in too late to plug into Rick Wayne's teleseminar. If it was recorded, please send link. Appreciate it.ednapollock@charter.net | Sorry you missed Rick's live session. We recorded the session and it is available under our Stock Chat Category; dated 7/19 Stock Chat. |
| flat top or bottom on one candle | why does a candle that close at the very top or very bottom seem to get a reversal on the next candle. I would think that is bullish or bearish but i see many times a reversal on the next candle. Is there a name for that kind of candle? ty | A candle that does not have any shadows on either end is called a Maroboza, a shaved head. If you see it occur after an extended trend, it usually means there is panic short covering at the top or panic selling/margin calls at the bottom. You are right, it is usually the precursor of a reversal. |
| Candlestick Pattern | I´d like to know what is the difference between the bearish engulfing (reversal pattern) and the bullish three-line strike (bullish continuation pattern)Thanks,Mauro. |
The Three Line Strike is a four-line pattern that occurs during a defined trend. It represents a resting period before the trend continues. Further explaination can be found for the Three Line Strike in our Free Resources Category.
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| new to trading | Is all this material in your book and on this website suitable for a complete newbie to grasp. I did go to a 3 day training class, so I am starting to understand some of it. Which for me is not bad considering before the class I knew nothing!! |
We believe both books are perfect for new or experienced investors. The second book, High Profit Candlestick Patterns will review the Major Candlestick Signals, plus includes information to help with 'Trading Rules' and Entry and Exit Strategies. Be sure to join us on Thursday evenings for our Public Stock Chat sessions to further improve your education. |
| Day Trading | I have been studying the candle signals. MY question is, while Day Trading What chart should I be using? Different time charts will show different patterns. Should I use the 5 minute chart and use the 10 minute chart for confirmation? Thank YouJennifer | That will be dependent on the time frame you like to trade. If your trading relatively fast, a combination of the one minute chart, five-minute chart, and 10 minute chart may be most effective. Somebody trading less aggressively might use the five-minute chart, 15 minute chart, and 30 minute chart combination. Find the time frame you like the hold. Then evaluate how the fastest chart coordinates with the next fastest chart. A third confirmation is the slowest chart. You will have to extrapolate what the second and third chart formations will be upon a reversal in the fast chart. |
| Stochastics | Should I buy a stock if it's stochastics are in oversold area with a candlestick buy signal,but it's weekly stochastics are above 70 with crossing of %K & %D and both are curling down ?Thanks | A daily chart that is showing a buy signal in the oversold area can be bought out with the intention of being more nimble if the weekly chart doesn't start conforming. When the weekly chart is showing opposite of the daily chart, you should anticipate being in and out of the position much faster, when the daily chart start showing sell signals. |
| when to sell | how do u pick a good stock to invest in? | Look at our CDs on scanning, the simple scanning techniques provided by candlestick signals will provide numerous of opportunities, both long and short, each day. |
| Day Trading | I have started day trading and have been using candlesticks to determine at which point to buy. n you're opinion are candle sticks feasible for day trading?thanks | Yes the candlestick signals are very good for daytrading. They are the graphic depiction of investor sentiment. They work as effectively on a one minute chart as they do on a daily chart or a monthly chart. |
| forex trading | hello expert i would want you to explain to me on how you excel in your forex trading thanks | The candlestick signals work very effectively for analyzing currencies. When setting up Forex trades, the analysis of each individual currency can then be applied to establishing the best trades. |
| 50 MA | When operating in for instance 15 and 60 min. charts I find it more reliable to work with the breaks, up or down from the 50 SMA than Stochastic (12/3/3). Could you confirm this observation? Perhaps a stupid question, however, I like confirmations of my observations... Best regards! | That could well be. You might also want to change the settings of the stochastics, put together whatever works. If prices appear to be seen to move well at the MA's. see if you can coordinate new stochastics settings with those moves. |
| gap between two days candelstick chart | if any stock raise a gap between two trading session and their after that stock go in upmove. Is it necessary to fill up that gap in future or not ?pls let me know. | Most gaps will get filled. However, they may not get filled on the current price move. It may be months later. So use the gaps to your advantage based upon a current trade, not what it will be doing weeks or months out in the future. You should not be positioned in the same direction when that gap eventually gets filled. |
| Candlestick pattern | I've been attempting to search for a candlestick pattern with no success, hence my question to you.Could you please explain what "3 little sisters" are in candlestick terms. Also how are they best interpreted & which timeframe would best suit the (potential) set-up possibilities?Thank you!regards,Graham. | I am not familiar with the term three Little sisters. And because of that, it can probably be assumed that what ever that formation or signal is does not occur very often. Probably so infrequently that it is not worth the time and effort to even try to learn what it might represent. That is why I profess just learning the 12 major signals, they occur very often and will be the instigation of 99.9% of all trade evaluations. |
| tee-line | I intend to create Tee-line in my tech-sofware. what is to be taken into a/c ? is it on close or low of the day? what is difference between extended and exponential moving average ? | An extended moving average is one that is pushed three days ahead to try to project where the current trend may be moving to. The exponential moving average was more weight on the most recent price actions and less weight on the price actions that occurred a while ago. The tee line is merely an eight exponential moving average. |
| Candlestick Forum Monthly Membership | I recently bought Steve's book and liked it. I am interested in the forum Candlestick Forum Monthly Membership but wanted to try it out for a month if possible. Do you have a 1 month trial to your Candlestick Forum Monthly MembershipThank you and h ave a good day,Sam |
Hi Sam, We are not able to offer a 'free trial' because immediately upon registering you have access to over $300 of products. Plus, this month all members receive a FREE download of our training CD on how to trade the Kicker Signals. An additional value of $43. Each month Members receive a new training CD for FREE as part of their membership benefits. We hope you join our trading community. |
| system | hi, i just joined your group and my question is, do you guys have a system that scans the market and lets us no what the best canidates are for a fast moving stock, i trade options mostly naked calls and like to get in and out of the options within a day of getting in them. thanks phil | Yes, we use the Worden brothers TC Net program. It allows us to easily scan for the best candlestick formations setups each day in less than 20 minutes. We have there software link on our homepage. We also have some training CDs that demonstrate how to set the program up and use it correctly. |
| Stop Loss Protection | Do you have any suggestions on how to avoid incurring a loss resulting from a big gap down due to news prior to the market open? The price action for MTRX June 20, 2007, is precisely what I am talking about. I had a stop limit in place but the stock traded through that with ease due to news prior to the open. By the time I got back to reviewing charts at the end of the day I had incurred a big loss (well not really because I still own it since my order was not executed). Is using a stop market order the only way to protect against something like this? I got caught with ADLR this way too so I need some help so I can avoid this in the future. Thanks in advance. | There is no way to protect yourself against a surprise announcement. However, the use of candlestick signals is usually going to put you in the right position at the right time. For every situation that you get a bad trade, you will usually get three to four situations that work correctly. The important thing to learn is what do you do once you see a situation that has gone against you. It is just as important to know when to get out of a trade immediately. |
| Daytrading | Is it possible to only use candlestick as a technical analys method for trading in short positions, like 1-15 minutes? | Yes, the candlestick signals work just as effectively on a one minute chart as they do on a daily chart. In the past, I used the signals on a one minute chart, five-minute chart, and 15 minute chart combination to trade e-mini's very successfully. |
| Charts | Do you have cnadlestick charts on you web sight?If not, where can I find agood chart sight?Will you be giving any option recommendaitons?Thank for your coutesy in reply. | We use Worden Bros. TC net program for our charting services. You can use any charting service you want when utilizing candlestick analysis. All trading services now have the capabilities of applying candlestick signals. |
| Daytrading | Hello!I am a guy from Sweden.I would be very happy if you can help me with some guestions about candlestick:1. Is it possible to only use candlestick for microtrading, short trading 5-15 min chart?Some people says that you must have many nethods to trade with, but if you are a microtrader you must be quick, so you do not have so much time to analyse.I do hope that I can be a daytrader some day, buy and sells stocks only during the day.2. Can you recommend a good DVD or a book that explain how to trade with candlesticks like above?There are a lot of DVD and books on the market, but it is very difficult to decide wich is the best.Hope that you can help me.Best regardsPer | Candlestick signals work very effectively on the one minute, five-minute, and 15 minute chart combination. You might want to look at some of our training CDs. They are very concise and to the point. |
| After hours trader and membership | My trading partner and I only do after hours trading. Can you tell me the benefits of spending the money to become a member. It seems like most of the benefits are for people who can trade during the day.Thanks |
The only membership benefit you would miss during the day is our Live Members only Trading Room. While this is extremely popular and provides excellent assistance during market hours, only about 35% of our members are available during the day to participate. The majority of member benefits are structured to provide training support through free monthly videos and weekly evening chat sessions with Stephen Bigalow. These chat sessions on provided through the same format as the Thursday evening public sessions. However, the Member Only sessions are held on Monday evenings and Steve is available to discuss specific stocks of interest, current trade positions, and answer your questions. For a sneak peek go to our 'Membership Benefits' category for examples of each member service. I hope this has been helpful. Feel free to call in if we may answer any questions. |
| 3 Stochastic Settings?? | Hello,On one of your videos I have you talk about someone in the chatrooms using 3 stochastics settings for better indication. Can you tell what those settings are?Thank youMary |
Stochastics are only an indication to show a condition of the trend. Most of our analysis is based upon settings of 12, 3,3. For long term investing, 14, 5, 5 is the best setting. Swing trading, 2 day to 10 day holds, 12, 3, 3 and day trading, use a combination of 12, 3, 3 and 2, 2, 2. |
| T-line | On you new letters, the T-line looks like a moving average. Can you please tell me what type (simple or exponential) and the number of periods? | The T-line is an indicator discussed in our stock chat sessions. It is the 8EMA; 8 Extended Moving Average. |
| Chat Password | What is the new chat password? | Log in to the Members' Area and click on 'Members Trading Room - Live Chat Room' link from the left nav bar. |
| cancel my order yesterday | Yesterday 6/4/07 Mr. Javier ordered Gaps at top and bottom with ebook.charge $65, but I till now I don't have the ebook and any email response. So, Please cancel it. Thanks. |
Mr. Chou, There was an enexpected event yesterday in which I had to be out of the office and I wasn't able to send your ebook and I do apologize for that. If there is something we can do to make this up to you, please let me know. Regards, Javier Garcia |
| Stop Loss Protection | I recently purchased the 5 Star Star Trading Plan and after having gone through the material for the first time one thing that was taught in your training session was noticeably missing - that being any mention of the "T-Line". My question is this; "When setting stops for the initial trade, a trend or taking profits, which takes precedence, the candle or the T-Line? Sometimes but not always the two seem to be in conflict.ThanksGary | If a trend has been persistent, the sell signal needs to be more compelling. If you receive a candlestick sell signal but prices do not come down below the T-line, give it more leeway. A candlestick reversal signal with prices coming back down through that the line provides more information that the trend has now reversed. Again, this is after a trend has been working consistently above the t-line or an extended time frame. |
| Sectors and indexes | Is there a common set of indexes that are used to view the status of the common sectors. I found in a previous newsletter the list of sectors, but where do I go to view them? I was assuming I could use candlesticks and the other techniques to look at an index of the sector to see where it would be at.Thanks, Keng | Each scanning software usually has their own sector universe. We use TC net that has a sector universe of approximate 240 sectors. We can analyze those sectors on the same parameters as we would in individual stock. |
| tee-line | what is a tee-line ? the basis of its calculation ? how to use the same ? | The T-line is an indicator discussed in our stock chat sessions. It is the 8EMA; 8 Extended Moving Average. |
| japanese or north american | hi, i trade forex and often used Reuters3000 extra....my question is, is the candlestick in Reuters Graphic a japanese candlestick or North-american barchart? From what i know..they are emphasized on a different thing. Japanese candlestick focus on Today's Close and Today's Open...while North american barchart focus on relation between Today's Close and Yesterday's Close.....is reuters3000extra's candlestick reliable enough? thanks--joko susilo,jkt | I do not follow Reuters, it is more important to follow the Japanese signals based upon how the price opens after the signal of the previous day. |
| tee lines | In your recnet book and on your website I don't find a description of what a tee line is and how to define it. Recently it has been used in the newsletter. What is it and may I suggest that it be included in your next book. by the way I find your current book very helpful. Thanks, Homer | The T-Line is an indicator discussed in our stock chat sessions. It is the 8 Extended Moving Average. |
| I'm doing something wrong... | Hi,I have followed the daily stockpicks and tried to update my stop loss positions according to the summary table but the last weeks I have lost almost 1000$.Januari-april approx plus/minus 0.My question is, should I take the profit more often than Steve writes in the summary table? Do you have any tip of a good strategi for profit/loss management?I do have all the books so you can refer to any chapter or so.But in the books I got the impression of only follwing the candle signals. And in the forum, some users writes about profit taking after a few %. I do something wrong and hope you can point out a direction :)Best regards,Christian JohanssonStockholm,Sweden | Let the markets tell you what the market is doing. If you see that the profits are disappearing after some very short-term swings, go ahead and take profits. This is where you should analyze what the market is doing. Sometimes even during an uptrend, it can be witnessed that there is only short-term movements in price actions. If that is the case, do what the market is telling you to do. There will be times when the market trades flat and a price trend in a specific stock will moves steadily upwards. Read what the market is giving you. |
| Order entry | If I am looking at canglesticks on a candle basis, can you recommend a process for entering a trade.The problem I am having is if I do a Market Order on open, I can get a price that is totally out of whack. I am using IB and was thinking about doing a timed order that would buy if the price was above the previous day, but below some upper level, and then have it execute sometime after 10:00am.Thanks. | We have an entry and exit strategy CD. You may want to analyze what the current markets are providing. There is nothing wrong with paying up for a stock. You may want to put buy stops at a price above the previous days close if you cannot sit and execute trades during the day. |
| Screening for reversal signals | Steven mentioned a screening tool on Vince Rowe's show on BizRadio, could you tell me was it Telechart? And what are your paramiters for the screening of dojis et al? |
Hi, We use TeleChart for screening. The pcf for the Doji and many other Candlestick Signals are in our website under the Free Resources Category> TeleChart Formulas. |
| candlestick color, hollow or solid? | doe the solid color red candlestick signify a difference in pattern quality instead of a hollow color red?Should we take into account of whether the canldestick is hollow or solid in our pattern seach and analysis?What is the difference in the hollow as compared to a solid candlestick?Rick |
A hollow candles forms when the stock closes higher than its opening price. A solid candle forms when the stock closes lower than its opening price. There is an illustration on the formation of the body in our 'Basics of Japanese Candlesticks" exlanation page.
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| ema's 15 min | i missed the lesson on witch ema's are too be used (or prefered by you) when using the 15 min intraday chart..thx.. | Ricky Wayne from the chat room recommends using the 8EMA. We have found it to be very effective also. |
| hanging man PCF | Hi, I tried to use your hanging man PCF in Telechart. It gives me hundreds of results, but most of them are not hanging man. The hammer PCF works fine. Can you help? Thanks,George Kern |
There is an alternative boolean formula you may wish to try. Hanging Man
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| Book to studt for a GBPUSD forex trader | Which is the best buy for a GBPUSD foreign exchange trader? | Use the 12 major signals package to learn how to analyze the direction of each individual currency. Then you can analyze which combination will make the best trades. |
| An iMac and the | You had suggested I try posting a question on your forum re using CDs on a Mac, particularly an iMac with an Intel processor.I couldn't find a way to post although I went to "Discussion Forum." I'm also wondering if you happen to have any more information regarding this issue?Thank you.Diane |
A Mac that can run Windows operating system can play our videos. |
| stock picks | i would like to know the stock picks that bigalow picked for today 4 13 07 on wbbm radio |
IAAC on the next bullish candlestick signal, it is in the process of forming a Jay-hook pattern. PGIC after the big gap down doji, it should now be in an uptrend. It will be a good one to buy on the pullbacks. |
| Australian Data for TC 2000 | I am very interested in candlesticks and have joined up for a year STEPHENSMITH49. Does TC2000 come with Australian SX data, if not what similar package would you advise on that does | I do not think TC 2000 as foreign market data feeds yet. But I do think they are working on that process. |
| Bollinger Band settings | Great Website! I found out about your site listening to WWW.CFRN.NET! Thank you very much. Besides stockastics, Do you have a favorite setting for bollinger bands in swing trading? Period, Width, MA.Thanks Again! | We do not use Bollinger bands as much as we use the 50 day moving average and the 200 day moving average. We also use the eight EMA for setting up short term trades. |
| Belthold | Please send the TC2000 scan for BeltholdsIt was given out on 3/29, but wasn't visible on replay.THANK YOUSpencer |
PCF formulas are available in our Free Resources Category at this URL link; http://www.candlestickforum.com/PPF/Parameters/16_263_/candlestick.asp The Belt Hold is: Belt Hold |
| Newsletter March 22, 2007 | Ricky Lane was scheduled for "special training session...early next week." Was this a Monday/Thursday, or special day. I missed it.Please clarify for thisweek ended 3/30/07. Thank You. C. W. Eggert | We will be trying to get him on this coming week, he has been traveling. Will send notices out when he will be on. |
| PCF for Abandoned baby | Last thursday nite, Steve B mentioned that there was a PCF for an abandoned baby. Can U forward to me? | ((C1 = O1) AND (O2 > C2) AND (C > O) AND (L2 > H1) AND (L > H1)) |
| DAR | Do DAR & CBHI represent true kicker signals with two down days in an uptrend? | Neither chart shows a kicker signal. A kicker signal is an open on the second day at opened below the open of the previous day and went in the opposite direction. Please look on our website for the description of a kicker signal or you can find it in either one of the books. |
| forex | whats going to happen to british pound? | As of Friday, the bullish engulfing signal at the end of a flat trading area will be confirmed on a positive open on Monday. Look for it to move higher which means the dollar should move lower. |
| Thank you | Have brought the High Profit candlestick patterns from yourselves just finished reading it and would just like to say its the greatest book ever, many thanks againRegardsAlex Burd London England :-) | Thanks, find a good-sized group over there and I'll come over and do trainings. |
| T LINE | WHAT DOES T LINE MEAN | It is one of the indicators that RickyWayne has shown us in the members chat room. It's an eight exponential moving average. He has discovered that anything above that level is a good buy, anything below that level should be sold. That is just a quick explanation, he can tell you much better when we have his next training session. |
| PCF for Abandon Baby | PCF for Abandon Baby | ((C1 = O1) AND (O2 > C2) AND (C > O) AND (L2 > H1) AND (L > H1)) |
| PCF | Last night, Steve mentioned that there was a PCF for the candlestick "abandoned baby." I looked through the PCF formulas but could not find one. Does one exist and if so what is it? I am a TC subscriber. | ((C1 = O1) AND (O2 > C2) AND (C > O) AND (L2 > H1) AND (L > H1)) |
| Chart Smart | I am using chartsmart. In my stochastics, it says, The stochastic indicator is plotted as the %D line and the %K line with values ranging from 0 to 100. Typically, values above 75 indicate a strong upward trend has occurred and the price is closing near its high. Values below 25 indicate the price has been falling and that the price is closing near its low.%K (F |