and The Candlestick Forum
To Download recorded sessions;
In order to download click on the link below, once on the video page you will click on the three-dotted vertical line located at the bottom right-hand side of the video player and click on “download” to save to your files.
Stock Chat – Wednesday 09/22/21
Beware the bounce! Although some indexes and stocks are trading positive Today, they are trading below where they opened, demonstrating the bulls have not taken control. If predominately short, be patient, investor sentiment is not likely to reverse immediately.
If you are like me, before I learned candlestick analysis, you would be sitting waiting for this market to turn around, with excruciating pain that you are still in your long positions. One of the best feelings in the world, coming from one of the worst investors in the world before candlesticks, is enjoying the downtrend because you were already predominately short. You will find that it is amazingly accurate using candlestick signals and the T-line to have your trade positions in the appropriate direction. Candlestick charts do not lie! They are the actual decision-making of investors buying and selling. Candlestick charts are merely the graphics of those decisions. Add the T-line, a natural support and resistance level of human nature, and you now have a trading platform that is extremely accurate.
A close below the T-line produces an extremely high probability result! A downtrend is in progress. The same scenario is applied to bullish trades. A close above the T-line after a candlestick buy signal produces extremely high probabilities an uptrend is in progress. Currently, the Dow and the NASDAQ are trading well below the T-line. Stay predominately short.
Good investing,
The Candlestick Forum team
Paying attention to the T-line rule will dramatically improve your profitability. Last week when it was evident the indexes cannot close back up above the T line, the high probability assumption is that there was more downside.
The T-line remains the relevant trend indicator. Although the indexes illustrated potential reversal signals at support levels, today’s trading revealed the failure of the T-line again. However, the current support levels are acting as support, making the market trend extremely indecisive.
To Download recorded sessions;
In order to download click on the link below, once on the video page you will click on the three-dotted vertical line located at the bottom right-hand side of the video player and click on “download” to save to your files.
Stock Chat – Thursday 09/16/21
The market direction is providing an excellent opportunity for profiting in both long positions and short positions. The simple graphics of candlestick analysis allows investors to take profits at the appropriate times and identify the strong selling signals for entering short positions. Both long and short positions have been producing good trades over the past two weeks. Being able to identify when the market direction is starting to change gives the candlestick investor a huge advantage. Simple scanning techniques allow for identifying the strong sell signals, entering short trades. Join us on September 18 for a full day of training on being able to identify when it is time to take profits, both in long positions and short positions. This visual information dramatically improves profitability when closing out profitable trades.
The use of the 10-minute chart uses very simple logic for when to take profits on excessively large price moves. Candlestick signals work effectively on the one-minute chart as well as on the monthly chart. Candlestick signals are the graphic depiction of everybody buying and selling during a specific time frame. This is valuable information for the day trader or the options trader. The 10-minute chart pinpoints when to be buying and when to be selling big price moves.
Chat session tonight at 8 PM ET with Guest Speaker Daniel Sinnig. Click here to register.
Good investing,
The Candlestick Forum team
The markets are not showing any strength that would indicate a change of investor sentiment. The downtrend remains in progress as long as the indexes continue to trade below the T line. Crude oil is up strong, making the oil stocks a bullish area. Otherwise, remain predominately short until there is a definite reversal signal.
To Download recorded sessions;
In order to download click on the link below, once on the video page you will click on the three-dotted vertical line located at the bottom right-hand side of the video player and click on “download” to save to your files.
At the end of the webinar Steve announced his upcoming “When to Sell” event, which he’ll present on Saturday, September 18th.
This 4-hour training workshop will provide you with visual perspectives that will improve your investing for the rest of your life.
Click here for more information.
September 22nd Daily Market Comments
The markets showed consolidation today after the big selling of yesterday. All the indexes are showing Doji type days but stochastics have not yet gotten into the oversold area. The direction of the markets will still be predicated upon how the indexes open tomorrow. T