Skip to main content

It Does Not Require Trendlines Or Other Indicators To Be Able To Project Future Moves

(The picture was taken from: http://www.technicaltradingindicators.com/tradestation-indicators/83-candlestick-patterns/)

Depending on the time frame, a candle like Hammer or Shooting Star can be a clear reversal signal as it shows enormous buying/selling pressure on the coin. It does not require trendlines or other indicators to be able to project future moves, especially if the candle was formed on a daily time frame or higher.

Another very important single candle you will need is the one that appears during a blow-off top or capitulation. Those two are the reversal points in a trend, where the price makes an explosive move which then very quickly retraces. It is an indicator of a buying/selling climax that is followed by other people leaving or entering the market in an accelerated movement. A candle like this usually is massive and has a long wick which is later followed by another few candles that represent this accelerated buying/selling.

Candles can also create a specific pattern within a group of 2 or more, that also works as a great reversal or continuation signal. From the most popular ones, we would distinguish tweezer top/bottom and either Evening Doji Star or Morningstar. Those are reversal patterns that we personally often use to confirm our entries or exits.

Popular posts from this blog

INFORMED I KEEP INFORMED

Service Assets. the organization needs assets to create value. Assets have two types : Capabilities . Like, wisdom, people, management Resources . Like, data and application. Capabilities by themselves cannot produce value without adequate resources. Figure 8 Service Value Responsibility Matrix There are many responsibility matrixes available with many variations, the most common is RACI. To create RACI or any of its variations. Column : build it by labeling a column head which will be the team member or the job function. Rows : On the Rows, list activity, services, whatever necessary. In each cross cell, fill the responsibility. Always use people names, not job functions. This will enforce the accountability. Responsibility Explanation Responsible R The one Executing the action. Accountable A The final approval. Typically, a team leader. Consulted C Subject matter expert. ...
Read more

Twin Babies

Some issues are higher in pairs. Yes, there are some issues that may enhance your chances of having twins, however some of these things are actually out of your control. Having a family history of twins will increase your chances of having twins. This is true if in case you have a family history of twins, that means somebody in your mother's side or father's facet of the family has had twins, especially if they'd fraternal twins. In case your companion has twins in his family, it does not assist you to any. The reason is is that there may be some genetic component which will trigger you to supply a couple of egg during ovulation. This twin gene” may be passed down from your parents to you. Equivalent twins usually are not regarded as hereditary. Advancing age of the mother - ladies of their 30s and 40s have higher ranges of the intercourse hormone oestrogen than youthful ladies, which implies that their ovaries are stimulated to provide multiple egg at a time. Twins conceiv...
Read more