Category Archives for Five Steps to Trade Confirmation

How To Use Candlestick Patterns for Day Trading

One of the most frequent questions I get regarding candlestick patterns is how to apply them to the day trading scenario. You have probably noticed by now, that many of the candlestick reversal patterns include a small gap somewhere in the pattern. This is fine on a daily chart, but when you are day trading, there […]

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Why are candlestick patterns so Black & White?

A while back, Jerome responded with a question to my post, “My Top 5 Favorite Candlestick Patterns”. He asked…So, if they are my favorites, why not paint them green & red? Jerome, this is a great question. It’s also a question I happen to get a lot so I thought I would address it in a […]

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The Secret to Predicting Stock Market Prices with Chart Patterns

Since the dawn of capitalism, people have been trying to find new ways to predict what is about to happen next. Some methods seem to work fairly well for a season and then suddenly they appear to just stop working. Chart patterns are not one of these methods.Chart PatternsChart patterns are one of the few […]

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This One Candlestick Pattern Can Predict a Reversal to the Day

So here’s the million dollar question “how do you know a stock is about to reverse direction?” The answer is one candlestick pattern! In this post I’m going to show you how one single candlestick can predict the very top or bottom of a swing, very often times exactly to the day.The old adage on Wall […]

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This Chart Pattern Breaks Bullish 68% of the Time!

There is only one reason to learn to trade a chart pattern: to make more consistent predictions about future price action.  Unfortunately, there are many patterns that traders spend time learning and memorizing that either don’t occur that frequently, or worst, they aren’t that predictable! Here I’m going to share with you a pattern that breaks bullish […]

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Top 3 Candlestick Patterns for Bull Markets

Bullish trends are the sugar of the stock market. In this blog we’ll talk about the top 3 candlestick patterns for bull markets.Bullish trends are:SweetEverybody wants more of themAnd too much will mess you upIt would be great if every market could always be a bull market, but it’s just not reality. Bull markets have […]

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How Bollinger Bands Can Simplify Your Trade Analysis

In this article we’re going to look at how Bollinger Bands can help you simplify your analysis and save time while analyzing possible trade candidates. From time to time something happens that changes an industry. By “change” I mean something happens that makes everyone look at it entirely differently. Email changed the way letters were written and […]

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These 3 Chart Patterns Predict a New Bullish Trend

Buying on the very bottom tick before a new bullish trend or Selling on the very top tick before a big panic’d crash. These concepts are the ultimate dream of every trader. It’s the kind of trading finesse that makes normal traders legendary…And it’s a myth. Chart Patterns can be used to predict new trends.The […]

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Top 4 Mistakes when Trading Chart Patterns #4

Chart patterns are one of the best tools technical traders have for anticipating market sentiment shifts. However, as great as they are, chart patterns are often misunderstood and misinterpreted which leads people to think they are not useful. Over the past 3 weeks I have been sharing the top 4 mistakes traders make with chart patterns, […]

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Top 4 Mistakes When Trading Chart Patterns #3

One of the big challenges when trading chart patterns is the tendency to have somewhat ambiguous rules for what actually qualifies for a pattern. For those of you who are engineers, scientists, accountants and the like, this reality with chart patterns drives you completely nuts! For those of us who are more creative, artists, right brain […]

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