pthomas215 1,251 posts msg #130831 - Ignore pthomas215 |
9/3/2016 11:00:37 AM
Thanks Stefan. helps--I really dont trade/invest using candlesticks at all so I will check out that cheat sheet. Lately, the market has been so fickle and crazy it is forcing me to day trade. overnight surprises are common unfortunately.
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StefanM 25 posts msg #130832 - Ignore StefanM |
9/3/2016 11:45:45 AM
I don`t refer to candlesticks like "dark cloud cover" or whatever these may be called. But in case that one does not only trade it`s system - I mean going long on a short day because the backtest is good in total - some few candlesticks may be interesting to look at. And this maybe in combination with the volume.
On the other hand I can not recommend this trading method without limitation. Focussing on a system means to be limited on a limited number of instruments, but also to have clear promising rules. So if one trades a profitable system then he maybe should actually ignore how single bars looks like.
As I always say, looking at bars is like looking at women. There is always one that appears to be more attractive. But maybe it is better to stay with the one you`re with. Sorry for my poor English .. :-)))
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pthomas215 1,251 posts msg #130834 - Ignore pthomas215 |
9/3/2016 11:58:10 AM
stafan your english is great. and yes, looking at candlesticks is like looking at attractive women...only difference is I have never seen a candlestick talk back to me, live in a house that I pay for or prevent me from seeing my children. !!
does it seem like gold is going to swing up now? any thoughts on it? It seemed like there was a head fake a few days ago and then down again.
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Mactheriverrat 3,172 posts msg #130837 - Ignore Mactheriverrat |
9/3/2016 2:19:49 PM
Using Guppy GMMA one not even use candles- Using the longer term group as trend direction and shorter term group as pull back buy in on first day up as a new uptrend of a stronger longer term group uptrend. Look at CHK using (Chart-type is line).
Now this doesn't work always with stocks TVIX that use more of the shorter term averages. Thus is why I say GOLD is dead as the longer term group is heading south. If over the next couple of weeks or so DUST turns north one could see some great gains. I just can't see if the markets are making new highs that people will still stay in GOLD.

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pthomas215 1,251 posts msg #130838 - Ignore pthomas215 |
9/3/2016 2:28:37 PM
mac,, correct. you are helpful as always. my feeling conceptually is that gold is like bonds. i.e. a pullback means gold and bonds dont gain much. but a major correction like the one we have coming....gold up, tvix up, bonds up.
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Mactheriverrat 3,172 posts msg #130847 - Ignore Mactheriverrat |
9/3/2016 9:21:58 PM
Here is one set up to make a run to the next resistance line.
S Sprint

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shillllihs 6,092 posts msg #130859 - Ignore shillllihs |
9/4/2016 3:37:04 PM
Maybe 2 more days of BS. Buying then hard crash for 2 weeks followed by quick recovery
Before election. Say hello to prez Clinton...
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Mactheriverrat 3,172 posts msg #130862 - Ignore Mactheriverrat modified |
9/4/2016 5:09:52 PM
Oh stop ! LOL!
Say Hello to President Trump.
Not that I like Trump or Clinton.
Its sad that 315 million people in this country and that's all this country can come up with.
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shillllihs 6,092 posts msg #130867 - Ignore shillllihs modified |
9/4/2016 6:55:57 PM
They work for the same secret hand. It's all staged. They have 20 horses
in the field. I'm just painting the scenario.
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shillllihs 6,092 posts msg #130896 - Ignore shillllihs |
9/6/2016 10:26:45 AM
Tvix is a loser and the Shills is a loser. I will wear a chicken suit at Wrigley Field
next Cub Game...🐓
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