Updates from October, 2018 Toggle Comment Threads | Keyboard Shortcuts

  • 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

     
  • Candlestick 10:06 am on October 20, 2018 Permalink | Reply  

    clarification about Engulfing Pattern 

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    long hang seng on vacation

    Questions From Readers


    In another video (Image numbered 2), you say “Engulfing and Buy Entry”.

    Questions:
    1. Which type of Engulfing we have to go for BUY or SELL.

    2. Same color Engulfing is also considered as Engulfing(White engulfs by White and Black engulfs by Black).

    3. Difference between Body Engulfing and High to Low Complete Engulfing and which is more potential.

    ———————

    1.here are some engulfing candlestick pattern

    ・high to low candlestick engulfing
    ・body engulfing
    ・different colour engulfing
    ・same colour engulfing

    buy
    high to low candlestick engulfing +same colour engulfing

    sell
    high to low candlestick engulfing +same colour engulfing

     

    (a) white candlestick engulf previous (b)high to low

    (a)and (b) are same colour

    high to low candlestick engulfing +same colour engulfing

    so sell

    2.Same color Engulfing is also considered as Engulfing

    3.High to Low Complete Engulfing  more potential

     

     

     
  • Candlestick 6:57 am on October 19, 2018 Permalink | Reply  

    This is reserved post long hang seng on vacation… 

    This is reserved post

    long hang seng on vacation

    Questions From Readers

    ———————

    Thanks for your reply… Double Block free and free advanced version both are working nicely in lower timeframe…. Thanks a lot sir….

    In one of your videos you have mentioned “Double Block With Same Color pattern”… But I couldn’t get the pattern…
    kindly send a me a picture of that pattern with buy stop and sell stop order placement….

    Thanks in advance.

    ———————

     

    1.bull candlestick

    2.bull candlestick

    3.bear candlestick

    4.bear candlestick

    5.bear candlestick

     

    1.2.3.4=double block

    3.4.5 all of them bear candlestick

    same color continuation consists of 3 bear candlesticks or 3 bull candlesticks.

    in this case 3 bear candlesticks

    so 1.2.3.4.5=double block + same color continuation.

     

     
  • Candlestick 9:02 pm on October 18, 2018 Permalink | Reply  

    Is there any secret behind candlestick formation 

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    long hang seng on vacation

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    >1. How to analyse the sentiment and psychology of a candlestick With respect to >candle Open, High, Low , Close, upper wick & Lower tail and the closing range ..
    >please explain sir…

    candlestick do not consider upper wick & Lower tail .
    so analyse the sentiment and psychology candlestick color continuation.
    if close price higher than open price candlestick charts draw bull candlestick.
    if 2 bull candlestick appears that psychology means strong.

    if close price lower open price candlestick charts draw bear candlestick.
    if 2 bear candlestick appears that psychology means weak.
    so we have to watch bull candlestick continuation.
    same candlestick color continuation.

    >2. Is there any secret behind candlestick formation: pls have a look at the attachment >image… in Forex every candle opens at close price (except some)…
    >whats the significance?

    >and difference in both scenarios along with the body size and wicks and tails…. how >to understand the price behaviour…

     

    There is no difference Scenario 1 & 2 both of them same logic.

    Scenario 1
    3 = 1 to 2 lower close(outside close)
    4= 2 to 3 inside close

    Scenario 2
    3 = 1 to 2 upper close(outside close)
    4= 2 to 3 inside close

    significant things inside or outside.

     

     
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