Archive for July, 2010
Improve Your Market Timing: The Bullish Meeting Lines Candlestick Pattern
July 31st, 2010 | 
Author: - Bullish Meeting Lines is similar to a Piercing Line in that the stock gaps in the direction of the prevailing bearish trend and then reverses.
- The Piercing Line is more bullish because it closes at least half way into the prior session’s bearish candle after gapping down; while the bullish Meeting Lines candle merely closes at or near to the close of the bearish candle.
- The Meeting Lines pattern is considered stronger if both the bearish and bullish candles are relatively long real bodies.
- There should be little or no wicks at the point where the two candles meet.
- This pattern needs confirmation with a bullish follow through candle the next session.
- As always, increased volume will confirm that the bulls have stepped in at this level and that lower price levels have been rejected.
Posted in 
Adjustment Strategies for Rule Based Income Traders
Come join our free workshop and learn from one of the industry’s best
In this sixty minute webinar you’ll learn how to initiate CALIDORS & DOUBLE CALENDARS, plus learn adjustment strategies to implement when the stock moves against your initial expectation.
Statistically, markets trend approximately 30% of the time. A rapidly trending market is not the friend of a rule based income trader and the last several months have been a testament to that fact. Why take a loss when the market trends against all logic, reason, and probability?
RESERVE YOUR SPACE NOW!!
****************************************************************
Click here to Register Now:
Tuesday, July 27 at 9pm EST (6pm PST)
****************************************************************
- Learn how to defend a non directional strategy when the market trends
- Learn how to make gains that eclipse your original expectation when the trade goes wrong
- Learn how several simple indicators can take the guesswork out of the process
****************************************************************
Register Now: Tuesday, July 27 at 9pm EST (6pm PST)
****************************************************************
About Jay Phillips
Jay Phillips is a Co-Founder and Principal of MarketTamer.com. Founded in 2008, MarketTamer.com is the ultimate online training resource for stock market investing. Our coaches are experienced investors, who collaborate to provide our students with proven investment systems that utilize options to profit regardless of market direction. MarketTamer.com coaches provide a deep understanding of the market and help its students develop crucial trading skills.
With unique, interactive instructional programs, a trading ideas forum, and opportunities to road-test trades risk-free, making money has never been easier.
****************************************************************
Register Now: Tuesday, July 27 at 9pm EST (6pm PST)
****************************************************************
Improve Your Market Timing: The Tweezers Top Candlestick Pattern
- The Tweezers Top consists of at least two candles with close to identical highs and derives its’ name from the resemblance to a pair of tweezers.
- I like to see wicks on both candles to the topside rejecting higher price levels.
- The classic Tweezers Top should have a longer bullish candle for the first candle followed by a smaller real body; although that configuration is not a hard fast rule.
- The Tweezers Top is more credible in longer timeframes such as weekly and monthly charts.
- The Tweezers Top should be followed by a bearish confirmation candle on increasing volume.
Improve Your Market Timing: The Tweezers Bottom Candlestick Pattern
- The Tweezers Bottom consists of at least two candles with close to identical lows and derives its’ name from the resemblance to a pair of tweezers.
- I like to see wicks on both candles to the downside rejecting lower price levels.
- The classic Tweezers Bottom should have a longer bearish candle for the first candle followed by a smaller real body; although that configuration is not a hard fast rule.
- The Tweezers Bottom is more credible in longer timeframes such as weekly and monthly charts.
- The Tweezers Bottom should be followed by a bullish confirmation candle on increasing volume.
RSS feed
