Scanning with Candle Profit Systems

May 25th Online Workshop with Jeffrey Gibby

  • In this session we discussed:
    How to easily scan all markets to find patterns using twenty of my most profitable patterns
  • Step by step on how to use the charts to get detailed pattern explanations for using the Candle Profit Systems
  • How to use MetaStock to better understand my patterns and how to implement them in your trading with its real time commentary functions.
    All of this is included in my award winning MetaStock Add-on.

My MetaStock has been rated one of the best add-ons available for any platform multiple times in Technical Analysis of Stocks and Commodities magazine. I am proud of the product. It was the result of a lot of work from me and the development team.

In addition to scanning, Candle Profit System will:

  • Identify 20 of my favorite candle patterns on your chart in real time
  • Offers specifics recommendations on how to take advantage of these patterns
  • Offers the enhancements to help you narrow down your list to the perfect trades

As a special offer, we are offering the Candle Profit Strategies at a discounted one time price of $299 (normally $399.)

In order to get this special offer click here or feel free to watch this complimentary webinar.

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May 31st Daily Market Comments

The market indexes had the prospect of moving back into the flat trading range that occurred in most of the early part of May, producing a flat Frypan Bottom pattern with the hard selloff/recovery acting as the dimple. A lower close Today would make the prospects of flat trading a viable prognosis. Numerous stocks are starting to trade back below the T-line. If the market remains weak going into the close, reduced long positions. Maintaining or adding any long positions during a possible sideways market trend would require very strong buy signals.

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May 30th Daily Market Comments

The lack of strength/selling in the market indexes indicates there is no change of investor sentiment in the overall market trend. The only alert is the potential sideways mode of the Dow as seen prior to the big selloff two weeks ago. This would imply a Frypan Bottom type pattern with the sell off and recovery acting as the dimple. Currently, the lack of movement in the market continues to make the individual stock chart patterns the relevant analytical analysis. Staying long or short requires analyzing the specifics of each individual chart. Fortunately, there are still good profitable bullish charts as well as bearish charts. This is why we recommend Trend Analysis.

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May 26th Daily Market Comments

It is not unexpected to see some consolidation in the markets after a good strong bullish week, going into a long weekend. However, the consolidation does not illustrate any weakness or pullback, merely flat trading on the day. This does not deter any of the candlestick bullish charts from continuing their trends. The uptrend remains in progress, especially after Gapping up into new territory Yesterday through obvious resistance levels. Use the T-line as your ultimate trend indicator.

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May 25th Daily Market Comments

Today’s positive trading in the markets has great relevancy. It has gapped the indexes up through recent high/obvious resistance levels. As long as the market indexes stay above the breakout levels, the prospects of another wave to the upside is highly likely. The big selling day of last week is now viewed as a profit-taking day versus a breakdown of investor sentiment. These market conditions are allowing the strong candlestick charts to perform with excessive profitability.

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Trending Stocks: CRTO, LOXO, PBYI

Criteo S.A. (CRTO)

Chart for CRTO

Over the next 13 weeks, Criteo S.A. has on average historically fallen by 12.2% based on the past 3 years of stock performance.

Criteo S.A. has fallen lower by an average 12.2% in 3 of those 3 years over the subsequent 13 week period,corresponding to a historical probability of 100%

The holding period that leads to the greatest annualized return for Criteo S.A., based on historical prices, is 6 weeks. Should Criteo S.A. stock move in the future similarly to its average historical movement over this duration, an annualized return of 44% could result.

Loxo Oncology, Inc. (LOXO)

Chart for LOXO

Over the next 13 weeks, Loxo Oncology, Inc. has on average historically risen by 20.8% based on the past 2 years of stock performance.

Loxo Oncology, Inc. has risen higher by an average 20.8% in 1 of those 2 years over the subsequent 13 week period,corresponding to a historical probability of 50%

The holding period that leads to the greatest annualized return for Loxo Oncology, Inc., based on historical prices, is 4 weeks. Should Loxo Oncology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 368% could result.

Puma Biotechnology, Inc. (PBYI)

Chart for PBYI

Over the next 13 weeks, Puma Biotechnology, Inc. has on average historically risen by 52.4% based on the past 5 years of stock performance.

Puma Biotechnology, Inc. has risen higher by an average 52.4% in 4 of those 5 years over the subsequent 13 week period,corresponding to a historical probability of 80%

The holding period that leads to the greatest annualized return for Puma Biotechnology, Inc., based on historical prices, is 1 week. Should Puma Biotechnology, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 264% could result.

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May 24th Daily Market Comments

Today’s market trading produces the same analysis as the past few days, the indexes remain above the T-line but without any dramatic buying and/or selling pressure. The uptrend in many Bullish stock prices is persistent but with backing and filling/profit-taking as the trends move higher. The T-line still remains a valuable trend indicator in slow upward waffling type moves. Stay predominantly long but having a few short positions in the portfolio is still going to produce profits. The indexes are approaching recent highs, making a breach of those levels a prospective J-hook Pattern Bullish confirmation.

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May 23rd Daily Market Comments

Although there has been indecisive trading Today, the markets are not showing any selling pressure. The markets may not be showing any extravagant buying pressure but the fact that the indexes are still trading slightly positive and trading above the T-line continues to demonstrate the overall market is not moving one way or the other. These market conditions allow the candlestick signals and patterns to produce profits based upon investor sentiment in each individual stock/sector. Use each individual stock chart as the main criteria.

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Online Workshop with Brad Powell

May 18th: Recorded Online Workshop with Guest Presenter Brad Powell

“Tools to Maximize Profit and Control Risk in Today’s ETF Markets”

In this free online seminar Brad will show you:

  • Hidden risks inherent to trading leveraged ETFsTechnical analysis tools that help you stay with a trend
  • How the same tools can help you manage risk on every trade
  • Hidden risks inherent to trading leveraged ETFs
  • Why risk management in ETFs begins before you ever place a trade

During the presentation, Brad made a special offer to get his ETF Trader’s Handbook at a discounted price.

The ETF Trader’s Handbook includes all of the following:

  • How leveraged ETFs differ from traditional tracking “spdrs”
  • How to use leverage to your advantage while minimizing risk
  • Common pitfalls trading leveraged ETFs
  • Criteria for selecting the best ETFs to trade
  • A divergence strategy for ETFs
  • Trade management for ETFs
  • and much more . . .

It’s an on-demand training course that comes with on-going support so that you can learn to adjust your strategies as market conditions change.

Click Here to View the Recorded Free Webinar and Get this Limited-Time Special Offer.

Take advantage of the Professional Options Trader Course special now and learn proven techniques to protect and grow your account.

Happy investing.

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May 22nd Daily Market Comments

Today’s positive trading, as long as it stays positive going into the close, will bring all the indexes backup above the T-line. Although the indexes are still trading below the recent highs, they have recouped the dark candle created last Wednesday. A close above the T-line Today provides better insights into investment sentiment. The hard selloff of ¬†Wednesday appears to be a profit-taking day versus a major reversal of the market trend. There is nothing yet in the candlestick charts to indicate the uptrend is continuing, but it does reveal that any selling is being offset by the strength of bullish sentiment. Even if this creates more sideways/slow uptrend in the overall market, it will allow for candlestick chart patterns to perform with good strength based upon the lack of any selling pressure in the market. This is why we recommend Trend Analysis.

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