How do you make hay while the sun shines? Candlestick analysis provides a common-sense strategy. First, the analysis of the overall market trend provides the initial analysis. The T-line is an integral part of confirming the continuation of an uptrend after witnessing strong candlestick reversal signals. From that point, it becomes simple scanning processes for finding the strongest sectors, which then leads to identifying the strongest chart patterns of individual stocks from those sectors. A few weeks ago, the biotech stocks showed good strong bullish signals. They are currently producing continued strong price moves, good profits. Other sectors have come into play. Oil stocks are showing uptrends. The retail stocks are starting to show strong bullish patterns. As a candlestick investor, simple scanning techniques make identifying which stocks will likely move the strongest during an uptrend an easy procedure.
Most investors are happy to have a majority of their stocks heading up during an uptrend. However, they may not be in the best bullish stocks in the uptrend and most investors continue to hold losing positions in hopes those positions will eventually turn around and start back up. Candlestick analysis eliminates that hoping process. The common-sense logic built into candlestick analysis produces a discipline. The charts recognize which stock/sectors are not working well so that they can be closed out and moved too much stronger trade potentials. This greatly reduces a mediocre return of a portfolio during an uptrend. It allows an investor to maximize the bullish potentials by having funds in positions that have much greater probabilities of not only moving positive but moving positive with much greater strength. Take advantage of this weekend’s two-day comprehensive candlestick training. It starts with the most basic candlestick training, the 12 major signals. It is then followed by high probability candlestick patterns. Everything built into candlestick analysis is basically common sense put into a graphic depiction. You will learn how to place common-sense stop-loss levels, improved probabilities with simple entry strategies, learn when to take profits, identify the most powerful candlestick signal/pattern combinations and finally learn how to scan for those best trade positions. This comprehensive training will dramatically change how you look at trading.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team.
