and The Candlestick Forum
Although the overall market trend is down, it is doing so with a very choppy/oscillating manner. Today’s Fed announcement will make the market direction more evident. Any new positions added today require very compelling signals or pattern confirmation, either bullish or bearish, otherwise it will be more prudent to wait to see what the market reaction is after the fed announcement.
What does the T-line imply? If prices are trading below the T-line, bearish sentiment is still the underlying factor. It is very important to acknowledge this definition. Although the market indexes showed bullish signals yesterday, the main analysis remains the probability of the trend.
Profitable trading is an easy analysis when utilizing candlestick charts. Profitable trading is visually recognizing all the elements that make for a high probability trade. The Ultimate Candlestick Training incorporates the same process as the movie Moneyball. That involved having all the correct elements for making a winning baseball team. The Ultimate Candlestick Training utilizes that same philosophy. With one visual glance, the candlestick investor can very quickly analyze all the aspects of a successful trade. The general direction of the market, the strongest candlestick signals and patterns coinciding with the market trend, high probability entry confirmation, what price level would indicate to be back out of that trade immediately, what is the potential target, and what indicators would confirm the new trend remains in progress? When you are mentally prepared, analyzing the strong trade set ups, you keep your emotions out of your trading. Join us Saturday, September 24 for the Ultimate Candlestick Trading. You will gain valuable insights that will dramatically improve your profitable trades perspectives.
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Good Investing,
Stephen Bigalow
Bullish reversal? Be careful of the bullish activity early in the day followed by bearish trading later in the day. Obviously it will be important to see where the market indexes close. The assumption is the downtrend remains in progress with the indexes trading below the T line, and the 3T line. The lithium battery companies maintaining their uptrend.
Nothing to really analyze, the bearish J-hook pattern in the market indexes produced a high probability that the downtrend was still in progress. I was mentioning in the chat room this morning that before candlestick analysis came along, I would have been watching my positions with great anxiety wondering when they would finally turn around and head back up. Now, the downtrend is very enjoyable allowing short positions to continue producing profits. Once you know how to analyze candlestick charts correctly, anxiety becomes an alert. If you wake up in the morning anxious about your trades and portfolio, that is a good indication you are not doing what the candlestick charts are revealing.
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There are big profits in a downtrend! The big profits in a downtrend are easily identified with candlestick bearish signals and bearish patterns. The strong bearish kicker signal after the CPI announcement is a good clear indication that very sentiment has the prospects of another major leg to the downside. Big profits in a downtrend is merely identifying the bearish patterns that are being enhanced by strong bearish candlestick signals. The candlestick investor can utilize patterns with confirmation from the T-line to produce high probability trade results. The bearish J-hook pattern instigated with the bearish kicker signal makes orienting trading toward the short side the high probability profit area. However, with trading predominately toward the short side, simple candlestick scanning techniques allow for identifying specific sectors that are showing bullish strength. Currently, the lithium battery companies are showing bullish signals as well as the electric vehicle charging station companies. Join us for a two-week free trial to take advantage of the information revealed by experienced candlestick traders in our chat room. This process greatly expedites the learning process for understanding the high probability aspects of candlestick analysis.
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Good Investing,
Stephen Bigalow
Today’s initial small positive trading in the indexes had to be looked at with some skepticism with the transportation index continuing to selloff hard. The bearish kicker signal in the indexes yesterday produced strong evidence the downtrend is going to continue. A signal demonstrates a much greater probability of a price/trend direction versus merely a down day in an uptrend. Short positions can be added upon weakness.
Did you know what the market was going to do today based upon the inflation numbers announcement? Of course not! But the important aspect of investing is knowing what to do based upon what they specific stock charts are revealing. This allows for the correct decisions. Note numerous uptrending charts opened lower but are currently trading above where they opened. And also note that some stock prices opened lower and continue to trade lower. This would have indicated which positions to close out immediately and which positions to hold and watch to see what the daily reaction will be.
September 22nd Daily Market Comments
Candlestick charts make trend is obvious. Sell signals and continued trading below the T line makes it very visually clear as to what investor sentiment is doing. The market downtrend makes individual stock analysis easier to evaluate. Numerous short positions looked a little bit testy yesterday but for one major factor, the T line! Although there had been some bullish trading in a number of short stock positions, they had not closed above the T line yet. Well most investors are anxiously waiting for their bullish positions to turn around, candlestick investors are enjoying good profitability.