Tina Logan's Getting Started in Candlestick Charting (Getting Started PDF

By Tina Logan

ISBN-10: 0470182008

ISBN-13: 9780470182000

ISBN-10: 0470288051

ISBN-13: 9780470288054

This e-book is a superb evaluate of Candlestick Charting and the way it pertains to conventional chart research. i might say it's best for starting or intermediate traders/investors yet there's a lot the following within the method of precious reminders for even the these extra complex. She manages to make a tough topic viable with no over simplifying. What this publication covers it covers comprehensively. Tina not just is an energetic dealer herself yet can also be very concerned with education and mentoring others to exchange. Her sensible event shines via during this publication. Has enormously superior my buying and selling.

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This ebook is a superb assessment of Candlestick Charting and the way it pertains to conventional chart research. i'd say it's best for starting or intermediate traders/investors yet there's a lot right here within the means of precious reminders for even the these extra complex. She manages to make a tough topic plausible with no over simplifying.

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Many breakout strategies require that price close above resistance for a long position, or below support for a short position. This is referred to as waiting for confirmation. Those trades are executed late in the trading day. • Day traders close out their accounts to cash before the close of market. Much of that activity occurs during the last half hour of trading. • In the futures market, margin calls are determined based on the closing price. • A lot of “big money” moves in or out of the markets late in the day.

14 shows a swift upward price move (numbered 1–4) on the chart of James River Coal Company (JRCC) from May 17 to 21, 2007. qxd 2/21/08 11:55 AM Page 21 epg WILEY:JOBS:Wiley_PT:Logan:JWBK100_QXD%:Printer File:J Constructing Candlestick Lines Example 21 (continued) Note that the candlestick line numbered 1 opened near its low and closed near its high, clearly indicating the bulls’ dominance during the session. Candlestick 2 was another strong bullish candle. It had a long real body and closed on its high, forming a shaven head.

If the second candle’s bearish real body does not close at least halfway into the prior candle’s bullish real body, it may be best to wait for additional downside confirmation before entering a short position based strictly on the dark cloud cover’s signal. Confirmation comes when price trades below the dark cloud cover day during the following session, and even better if it closes below it. It is not unusual to see heavy volume accompany this reversal pattern. If so, and if this pattern forms at a major market top, it is a climax move called a blow-off top.

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Getting Started in Candlestick Charting (Getting Started In.....) by Tina Logan


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