Candle Sticks

WOrden stockfinder webnier on candle stick use 2/ see also I noted 'candle stick' patterns under esiganl ( search esignal ) -------- DOji pattern http://blog.afraidtotrade.com/what-is-a-doji/">1/ WOrden stockfinder webnier on candle stick use
2/ see also I noted 'candle stick' patterns under esiganl ( search esignal )
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DOji pattern


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Heres what the "Bearish Engulfing Formation W/ Confirmation" says:

((C2 > O2) AND (O1 > C1) AND (O1 >= C2) AND (O2 >= C1) AND ((O1 - C1) > (C2 - O2)) AND (O > C) AND (C < C1))

Now thjeres no need to go into all the details Ill just tell you that the first part of the code says "The close 2 days ago is greater than the open 2 days ago AND the open yesterday is greater than the close yesterday, and so on.

Bottom line is this PCF is describing our "Bearish engulfing w/ confirmation"

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http://www.candlestickforum.com/store/products.asp?Category_ID=3 - buy here cheaper than amazon..

asr: I have PDF book saved in mail , to read basic and can give to Indian guy ..

asr: seems my OIL BIG trades that are LOST have these Reversal patterns.
- in this connection , I may need 1) VP 2) TraderGuide 3) these Japanese candles patterns to make swing trades

-- asr: so this Japanese candle originally developed for future markets , so should be good for our OIL and Soy bean etc..
-- asr: it seems this Japanese candle sticks patterns are more for short term trading like hourly and daily chart , where as 'Bulkonow' book explained more long term patterns ( his avg. example trade is 2 to 4 months ..) , so I asr need more 'Japanse canlde ' immediacy ( for OIL , S&P other trades to combine with VP for portifoli advice )
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Fatten your portfolio with High Profit Patterns,
As an example, many investors will enter a trade, cycle through it and once they are out, they forget about it. It turns out that nice runs are ended when investors take their profits and cause a pullback.........or is it major reversal? In "High Profit Candlestick Patterns" the "J-Hook" pattern helps me decide if it's pullback or reversal. Many pullbacks offer a second chance for investors who missed the first run to get in on the second. I, on the other hand, can get a second bite of the apple by getting back into the play using the J-Hook once it confirms a pullback as opposed to a reversal.

Not to be missed is the discussion about Moving Averages. You may be familiar with Moving Averages but you haven't taken full advantage of them until they are combined with the Major signals. Steve shows how to use the probabilities of Support and Resistance at key moving averages to your advantage.

Since one can only make "so many" trades, and so that I don't "overdose", I've settled on using the J-Hook pattern along with plays developing around the key moving averages as my main focus. There is enough usable material in the book to satisfy the needs of any trader or portfolio size.

Trade long enough and you'll be offered many "secrets" that are sold for $47.00, $97.00, on up to infinity and once you have them, you find they work once or twice a year, or only in specific markets or maybe not since 1925. All that ends with "High Profit Candlestick Patterns". Once and for all I can look at a chart and have a high percentage of confidence about when a good trade is developing. Add to that the peace of mind that comes from knowing where the trade is going and when it's likely the time to take profits or let them run.
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Most beginners loose money on the stock market either because their timing for entering and exiting trades is wrong or because they are chasing the wrong stock. Candlestick analysis tells it all and Stephen's latest book explains it very clearly with an important difference.

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review
This book is written for swing and short-term traders. It highlights the important reversal signals and their confirming indicators, like stochastics, trend lines, and moving averages. For the new trader, all the indicators can quickly become a blur. This book zeroes in on only those indicators one really needs to develop reliable entry and exit strategies. As Bigalow says and demonstrates throughout, using candle signals is not rocket science.

For me, the most important chapters were on using candles for options trades and the exit and entry strategies. These were worth the price of the book, in my view. Other chapters spoke my language of the common trading indicators and bullish and bearish price formations. They all come together quite well here.
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these 2 reviews from this page
A successful trader repeats the same analysis, entry and exit strategies again and again over time. That consistent repitition gives the trader confidence and takes the emotion out of trading. Steve Bigalow unlocks the secret of the price bars in clear and easily understandable manner.

I was in a funk with my trading, floundering around with little direction. I read this easy to read book followed the major siganls and stopped looking at a 1/2 dozen oscillators. I now focus on stochastics with a signal and a few moving averages. The book gives you a complete trading sytem for bull and bear markets. GREAT READ

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The book not only describes the 12 main candlestick signals
it also shows patterns including entry and exit points, use
of stops. this gives even a new trader an edge for making profitable tades
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Excellent book on how to trade using candlesticks along with other indicators to maximize your probability of success. He focusses on just 12 major candlesticks which will give more than enough signals. Then intrduces high profit patterns, support and resistance at major moving averages, trendlines, ect. A key point is when also learning when to get out. One point he made on looking for the end on the move saved me from a nasty correction before I was even near finished with this book. This book will help you make money!
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I have a Library full of Trading books and even though I could understand in theory I had a hard time in applying what I was learning to a stock chart.
Since reading Steves' books I now have the ability to better read a stock chart. He actually tells you when to start looking for key reversals on a chart. Through repetition and practice I can actually see what the candles are telling me at these points which are the simple mavs 20 50 200 as well as overbought and oversold areas. My page now has structure to it.I can quickly spot a cradle, a scoop and a Jay Hook pattern. I am now able to better use the candle as a stop loss and recognize where a stock is likely to go to. And yes I make lots of money now. Many thanks Steve.

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While going through my list of 'Stocks to Watch', I am better able to pick out the highest probability trades by using the information in Steve's book. The 12 Major Signals chapter narrows the whole trading with candlesticks process down to the best of the best. There are plenty of annotated charts showing examples of candlestick patterns. The book contains only the 'meat' of learning how to use candlesticks. I join Steve's weekly Candlestick Chat Room every Thursday evening. It's free and Steve goes into great detail about what is going on in the market by using the candlestick patterns described in the book. You just can't beat it. I've sent dozens of fellow traders to his website: www.candlestickforum.com. Read the book first, keep it handy for reference, join in the Chat Room and start making better trades. Thank you Steve.
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His illustrations of how to use the candlestick signals in
trading patterns and applied to other technical indicators makes finding high probability trades very easy to identify
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asr: I need to buy this book ( Mr. K list and and this article author list) . I need to learn this
Japanese Candlestick Charting Techniques,
-- Although his clear illustrated examples use mostly futures, these methods definitely apply to equities as well.



review:
However, something was missing... That was major reversal patterns that occur at tops or bottoms. I have lost a lot of money as a result for several trades that were supposed to yield excellent returns using the system i learned all due to my failure and ignorance to understand a missing trading puzzle... Yes, that happens to be candlestick reversal patterns. I still remember them to be, the "Morning star"," Shooting Star" and "Bullish Engulfing pattern". After learning these patterns, the results were shocking. My losses were cut to a minimum,


10 Best Candlestick Patterns

There are many candlestick patterns but only a few are actually worth knowing. Here are 10 candlestick patterns worth looking for.

Remember that these patterns are only useful when you understand what is happening in each pattern.

They must be combined with other forms of technical analysis to really be useful. For example, when you see one of these patterns on the daily chart, move down to the hourly chart. Does the hourly chart agree with your expectations on the daily chart? If so, then the odds of a reversal increase.

The following patterns are divided into two parts: Bullish patterns and bearish patterns. These are reversal patterns that show up after a pullback (bullish patterns) or a rally (bearish patterns).
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outside Reviews , outside of Amazon

candle patterns, moving averages, indicators are all indicators. it gives indications and way to unerstand what is happening in the scrip. if candles give diff views in short time frame what about indicators and moving averages. it also give the flaws still one shoul accept and feel candles are always in better position to give best scenario compare to others.
- best thing about candles it that it gives you opportunity to buy at the lowest level and sell at the highest level. after long time studying and playing with all the tools i am 100% sure this is the best tool availble in the market compare to all other tools.
- i was making losses with all other things with lot of stress while analysis. candles has changed the perception of analysis.
- better is that one should try to understand more closely what steve nisan and stepphen bigalow indicate that it should be used with western charting tools will increase the efficiency, that only thing i want to say.

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Encyclopedia of Candlestick Charts

Encyclopedia Critique,
Mr.Bulkowski dedicates a chapter to each one of 103 individual candlestick patterns, most of which are reversal patterns.

The chapters are ususally 8-9 pages long and have the format: behavior & rank: identification guidelines:- statistics: trading tactics: a sample trade and advice on optimizing the use of that pattern.

For me, the author's most interesting finding was that more than one quarter of the patterns do not act as would be expected, e.g.in a bull market, the common Harami Bear and Hanging Man result in a bullish continuation most of the time. This is a good reference work. A mass of data is presented and a glossary/methodology provided.

The product would have been greatly improved by illustrating the terms used in the glossary (some of which are quite complex) with actual numerical examples. Finally, there is no discussion of using technical indicators, such as stochastics, with candlestick patterns.