How do you keep yourself from getting whipsawed out of good positions? Using the ultimate trend indicator with candlestick analysis – the T-line. The T-line acts as a natural support and resistance level of human nature. When you combine this with the graphic depiction of investor sentiment, you produce an extremely high profit/high probability trade combination. Prices do not move based upon fundamentals! Prices move based upon the perception of fundamentals. This is exactly what the graphics of candlestick analysis provide, the interpretation of the fundamentals. Friday, both the Dow and the NASDAQ closed back at the T-line area. This provided a very easy trend analysis. The indexes needed to trade positive today to produce high probability of the uptrends continuing. Seeing the positive open allows the candlestick investor to move immediately on good bullish trades, knowing the uptrend had a high probability of remaining in progress.
A good number of our recent recommendations were up 8%, 11%, 13%, and 16% today. This is based upon the expected results coming out of J-hook patterns and frypan bottom patterns. Utilizing the information incorporated in a candlestick pattern produces much greater probabilities of moving in the right direction but also pattern breakouts produce much more excessive profitability than merely up trending stocks during a choppy uptrend. BNTX is a good illustration of a frypan bottom breakout, especially breaking out through the 50 day moving average.HIBB J-hook pattern results work as expected. The identification of strong patterns are enhanced as they work off of the T-line. Join us on October 17 and 18th for a full two-day training discovering how the T-line dramatically improves your correct trade ratio. You can make very good profits using candlestick signals and patterns. You can make great profits using candlestick signals and patterns with the T-line. Click here for more information.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team.
