Archives for February 2023

Daytrade entries are greatly enhanced using candlestick chart signals. Daytrade entries alleviate the “what if” hesitancy on a trade. There are approximately nine candlestick signal trade setups that produce extremely high probabilities a trade is going to move in the correct direction. This makes for excellent day trade entries as well as swing trade entries. A strong example is the SHOP chart. The gap down Doji makes for a powerful bearish day trade setup. If it opens lower tomorrow, probably in conjunction with the market indexes opening lower, it can probably move with good force down to the 50-day moving average. This simple analysis allows options traders to put on high-potential trades. Our suggestion in our options trading room today was to buy the February 42.50 puts for $0.11. They expire tomorrow. But if the bearish flutter kicker signal performance, the $0.11 has the potential of going to the $1.20 sent level. Knowing the expected results of candlestick pattern setups produces a robust trading platform for the day trader and swing trader. Join us Saturday, February 18, for a full-day training recognizing the high probability day trade setups and how to utilize the intraday charts to maximize profits. Click here to register.

Chat session tonight at 8 PM ET. Click here to register.

Good Investing,

Stephen Bigalow

Profitable day trades become much more consistent when using candlestick charts. When market conditions indicate a lack of decisive movement, Day trades become a viable trading strategy. Currently, the sideways mode of the Dow may be coming to an end if bullish sentiment pushes the Dow up through the down-trending resistance level of the wedge formation. However, daytrade mentality may be the prudent strategy when a significant announcement, such as the CPI report, May whipsaw markets. It will be essential to see what the reaction will be at these market index levels, the resistance level for the Dow, and the T line for the NASDAQ. There are approximately seven very strong day trade candlestick pattern setups. This allows for simple market trend analysis to work in conjunction with how the price of an individual stock/chart will produce high probabilities of a day trade confirmation. Join us this Saturday, February 18, for a full-day training on utilizing the candlestick signals for profitable day trade and swing trade entry points. This is information you will use for the rest of your trading career. Click here for more information

Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join

Good Investing,

Stephen Bigalow

Daytrade setups are much more clearly defined using candlestick charts. The typical reactions of human nature create daytrade setups. These can be identified no matter which direction the overall market is moving. Currently, the Dow failed to get up through the resistance level of a wedge formation. The NASDAQ and the S&P 500 formed two dark crows, a bearish reversal signal, and they closed below the T line. This combination produces high probability there will be more downsides. Day traders and swing traders can take advantage of charts that are showing strong sell signals, which will likely continue to the downside if the markets continue lower. Note in the AMZN chart that the gap down after failing at the 200 has continued to demonstrate a bearish sentiment. EA also illustrates the bearish continuation after a big gap down. Watch BAX, the gap down in price reveals a strong change of investor sentiment. Once you have learned the candlestick signals and patterns, you gain a much stronger insight into price movement. The three books published by the Candlestick Forum provide an intense learning process. They are easy to understand.

https://store.candlestickforum.com/collections/books

Chat session tonight at 8 PM ET. Click here to register.

Good Investing,

Stephen Bigalow

Swing trading becomes much more exact when using candlestick signals and patterns. The T line, as well as the other moving averages, greatly enhance swing trade setups. The current market conditions illustrate an indecisive nature. The Dow has been trading in the Wedge formation, revealing no great conviction one way or the other. The gap up in the NASDAQ and S&P 500 last week produced the alert to be prepared for a downtrend/profit-taking. Now the analysis is to watch to see what the T-line will reveal. This allows for both long and short-trade prospects. The T line produces high probability expectations when prices move sideways and eventually intersect with the T line. As illustrated in the CVNA chart, the price consolidated until it did a bullish left/right combo at the 50-day moving average support and the T line. This created a much more substantial probability the bulls were taking control. The Doji produces high probability swing trade prospects. The Doji rule, especially when witnessed at the T line, will produce a high probability trade based upon the open after the Doji. Swing trade setups are greatly enhanced when knowing what should occur after a candlestick signal or pattern. Join us for a two-week free trial. This involves participating in chat rooms during the day with traders that are experienced at identifying profitable trade setups. It also allows investors that are just learning candlestick signals and patterns to expedite their learning curve significantly, being able to ask questions in the chat room about why a trade setup is being recommended. Additionally, you can participate in the Monday night and Thursday night training sessions and special sessions on Tuesday nights. The special sessions concentrate on specific aspects for improving trade profitability, how to scan for the best trades, where the set logical stop losses, high probability entry and exit strategies, and identifying the most vital candlestick signals and patterns. Join us; you will gain many insights into the logic of candlestick analysis.

Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join

Good Investing,

Stephen Bigalow