PART 7 Candlestick Line Time Frames One of the beautiful attributes of the candlestick line is that the sameanalysis can be applied to multiple time frames. The time frame of a candlestick line is the time duration between thecandlestick’s opening price and closing price. For example, a daily candlestick chart would consist of candlesticklines with […]
Archive for the ‘January 2009’ Category
An Introduction To CANDLESTICKS, PART 7
January 26, 2009An Introduction To CANDLESTICKS, PART 6
January 26, 2009PART 6 Increasing the odds As we learned in the last section, the best trading opportunitiespresent themselves just after a breakthrough in price consolidation. Not every consolidation pattern; however, is tradable.There are additional patterns, which significantly increase the odds ofthe trade following through in the desired direction. The tools, which we present, are 1) support/resistance […]
An Introduction To CANDLESTICKS, PART 5
January 26, 2009PART 5 Recognizing Reversal Signals Throw a baseball straight up into air. As the ball approaches the top ofits projectile path it will decelerate to a speed of zero, and thenreverse downward picking up speed as it approaches the ground. Now imagine yourself drilling into a piece of wood. You suddenly hit ahard spot in […]
An Introduction To CANDLESTICKS, PART 3
January 26, 2009PART 3 Supply and Demand A stock’s price will adjust to higher or lower prices based strictly onsupply and demand principles.In Figure 7 is shown a diagram of a green candlestick. The green color of the candlestick indicates that the closing price of thestock at the end of the day is higher than the opening […]
An Introduction To CANDLESTICKS, PART 4
January 26, 2009PART 4 Buy on Greed, Sell on Fear There are only two forces behind the supply and demand forces thatdrive a stock’s price higher or lower. Those forces are the emotional forces of fear and greed. To illustratethis point we refer to Figure 11. Figure 11 Suppose you are a trader observing the bullish rally […]
An Introduction To CANDLESTICKS, PART 2
January 26, 2009PART 2 One of the main differences between the Western Line and theJapanese Candlestick line is the relationship between open and closingprices. The Westerner places the greatest importance on the closingprice of a stock in relation to the prior periods close. The Japaneseplace the highest importance on the close as it relates to the open […]
An Introduction To CANDLESTICKS, PART 1
January 26, 2009PART 1 AN INTRODUCTION TO CANDLESTICKS Technical Analysis vs. Fundamental Analysis There are two types of ways to analysis the price of a stock, fundamentalanalysis, and technical analysis. Fundamental analysis is used to gauge theprice of a stock based on the fundamental attributes of the stock, such asprice/earnings ratio, Return on invest, and associated economic […]
FKLI & CPO (January Month 2009)
January 23, 2009>> $76,744 1)07.01>FKLI LONG 5@940.5-SELL 5@934.5 = -30 (07.01)> -1600= 75,144 2)07.01>FKLI SHOT 5@934.5-BUY 5@928.5 = +30 (07.01)> +1400= 76,544 3)07.01>FKLI SHOT 3@924.5-BUY 3@923.5 = +3 (07.01)> +90= 76,634 4)09.01>FKLI LONG 6@923-SELL 6@928 = +30 (09.01)> +1380= 78,014>>> 1st week january profit = +$1,270 5)12.01>FKLI LONG 6@929.5-SELL 6@936 = +39 (12.01) +1830= 79,844 6)12.01>FKLI LONG […]
16)FKLI – intraday trade
January 23, 200916)23.01>FKLI LONG 3@869-SELL 3@867.5 = -4.5 (23.01)
14) 15)FKLI – overnite trade
January 23, 200914)22.01>FKLI LONG 3@876-SELL 3@874 = -6 (22.01) 15)22.01>FKLI SHOT 3@874-BUY 3@870 = +12 (23.01)
FKLI-CO-CC @ GrepsTrader Futures (fkli/cpo - Bursa Derivatives) 