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  • Candlestick 10:00 pm on December 2, 2018 Permalink | Reply  

    uncertainty of the price range changing then wait 3 same colour continuation 

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    long hang seng on vacation

    question from readers

    ———————

    Thank you for the reply, the second video its a bit more clear, when we consider same color continuation.

    As i had mention i have been with difficulties to identify the price direction and decided to wait few times when comes the pattern {white,black,black,white} and {black,white,white,black} please see pictures attached. Because the uncertainty of the price range changing or if the candle loosing direction instead continuing in the trend.

    But again your second video was more clear.

    ———————

    everybody struggle with difficulties to identify the price direction.
    the key is ambush and put stop order to price moving process.

    do not predict next price action. price 100% go outside.
    here is ex.

    1.2.3.4= candlestick pattern.
    if put buy stop order to No.3 candlestick high, hit order at No.5
    next candlestick go up and few candlesticks later price came back 1.2.3.4 candlestick pattern inside. (1.2.3.4 high to low range)

    7.8.9.10= candlestick pattern.
    if put sell stop order to No.7 candlestick low, hit order at No.11
    next candlestick go up and few candlesticks later price came back 7.8.9.10 candlestick pattern inside. (7.8.9.10 high to low range)

    price action always inside or outside.
    There are 3 break out
    ・straight break out
    ・fake break out
    ・opposite break out

    No.5 = straight break out (1.2.3.4 high break and higher close)
    No.11=fake break out (7.8.9.10 low break, came back and 7.8.9.10 inside close )
    No.6 =opposite break out(1.2.3.4 low break and lower close)

    if put sell stop order to No.2 candlestick low then at No.6 hit order and price go down and profit.

    so if price go outside (higher close or lower close) specific candlestick pattern then
    put stop order to opposite side, ambush.

    so not necessary predict next candlestick color or direction in real time
    As time passes trading edge increase for stop pending order.

     

    one more important things
    trend = 3 same colour ( white white white or black black black)

    A = white bear candlestick
    B = black bull candlestick
    C = black bull candlestick
    D = white bear candlestick
    E = white bear candlestick

    A B= different colour
    B C= same colour
    C D = different colour

    D E = same colour
    but next candlestick black
    so no trend

    F G= different colour
    G H= same colour
    H I = different colour
    I J = different colour

    no 3 same colour around F G H I J
    this means range.
    so wait 3 same colour outside close then put stop order to specific candlestick high or low

     

     

     

     
  • Candlestick 10:28 am on November 30, 2018 Permalink | Reply  

    This is reserved post long hang seng on… 

    This is reserved post

    long hang seng on vacation

    question from readers

    ———————

    As I am applying your trading principals, which works very well, sometimes I come across a pattern that i still dont understand properly, are you able to give me feed back on this pattern? I attached a word sheet for you to have a look at it.
    Truly appreciate Long, thank you.

    ———————

     

     

     

    1 white

    2 black

    3 white

    4 black

    5 black

    6 white

     

    1.2.different colour

    1.3.same colour

    4.5.same colour

    4.6.different color

    different colour =reverse or range market

    same colour =trend start or trend end

     

    1.2 =reverse or range market

    next bar  black 

     

    1.3.=trend start or trend end

    next bar white

     

    4.5.=trend start or trend end

    next bar black

     

    4.6.=reverse or range market

    next bar white

     

     
  • Candlestick 9:07 am on November 12, 2018 Permalink | Reply  

    2 double blocks confirmation 

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    long hang seng on vacation

    question from readers

    ———————

    Hi in the image i have 2 double blocks, A & B.
    Here I can see that B is outside and inside A’s close.
    How would i then predict if the next candle
    will be buy/sell in this scinario?

    ———————
    B’s 4th candlestick is A’s
    inside close so next candle open sell

    B’s 4th bear candlestick sell confirmation

    next candlestick open sell

     

     
  • Candlestick 9:09 pm on November 2, 2018 Permalink | Reply  

    if double block is within previous double block then trade the same as the previous candle 

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    long hang seng on vacation

    question from readers
    ———————
    Hi i seen your video on the double block pattern. You say if double block is within previous candle, then trade the same as the previous candle. Although in the above image we have double bock within previous green handle, however here it continued as red. am i missing anything?

     

    ———————

    if double block is within previous double block then trade the same as the previous
    candle

    a.previous double block

    b.double block is within previous double block (inside close)

    c. previous candle = bull candlestick
    so buy

     
  • Candlestick 9:15 am on October 26, 2018 Permalink | Reply  

    Regarding multiple pattern 

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    long hang seng on vacation

    Questions From Readers

    ———————

    Thanks alot… But what does “a.b.c.d pattern” mean?

    if any pattern occurs we should see , from the left , whether the pattern is inside or outside
    of previous pattern.

    for example, if double block appears, we should check whether it is inside of another double block or color continuation.
    Then we have to place buy stop or sell stop, with respect to enclosed pattern high or low from right to left after candle closed lower or higher.

    am I right?

     

    Yes right.

    a.b.c =bull candlesticks uptrend

    d= bear candlestick colour changed. this means uptrend ends here

    so a.b.c.d means uptrend end

     

     
  • Candlestick 2:46 pm on October 25, 2018 Permalink | Reply  

    How to trade if multiple patterns appear? 

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    long hang seng on vacation

    Questions From Readers

    ———————

    Kindly clarify  how to trade if multiple patterns appear as in the attached screenshot?

    ———————

     

    a.b.c. all of them bull candlesticks

    d.bear candlestick

    colour changed white to black (bull candlestick to bear candlestick) and up trend end

    1.2.3.4 all of them a to d inside close

    so priority a.b.c.d pattern (sell)

     

     

     

     

     

     
  • Candlestick 10:00 am on October 21, 2018 Permalink | Reply  

    concept of colour changed 

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    long hang seng on vacation

    Questions From Readers

    ———————

    Hello how are you?

    I did not understand your concept of colour changed?

    ———————

    same colour continuation = trend
    colour changed = trend end
    same colour continuation consist of 3 bull candlesticks or 3 bear candlesticks

    (1).(2).(3)
    all of them bull candlesticks(same colour)
    each close price higher than each open price

    (4)bear candlestick
    close price lower than open price

    so colour changed= bull candlestick to bear candlestick or bear candlestick to bull candlestick

     
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