I think it was “Professor Harold Hill in Meredith Willson’s” The Music Man “, who said,” You Gotta Know territory. ” It was never more accurate than in trading on the markets and in the opposite, it has never been so true as for the market to act successfully, you need to see if the 15 or the main Japanese reversing Chandelier. The beauty of the chandelier, it is a strange ability to predict a big reversal. Most want to be able to board a tendency in the production, if only they could find a way to do this. Well, the way to do that there. Here are a few candles, more aggressive techniques of cartography.
Here’s one: On the emergence of a strong “hammer” reversal of long-term trend towards a decline, especially if the hammer is also a “Abandoned Baby Bas” (do not laugh, it is well known, legitimate reversal pattern), some traders will into a long position before the closure of markets on the same day. In the case of a hammer, vice versa in the same situation, some operators are immediately into a long position at the opening of the next day when the market opened higher. In the case of a star in the evening, when the third measure (black bars), is particularly strong, with some companies in a position before the end of the trading day, the third bar.
Not all dealers are Gaited to be able to compete. Some wait until the development has been established, but they run the risk (as always) that the trend at the moment they make a move. The lesson is: never had a position on the basis of evidence Candlestick alone. Combining their forces with others, so that you have a complete picture.
The number of Candlestick Charting Techniques abroad is infinite. And develop a system for risk management and to your style of negotiations and personality. And no more risk that you can afford to lose.