Hi friends
steve primo says
GO LONG only if price goes above sma50 and makes 3 or 4 consecutive closes above sma50 line. Then you can use PET-D tool of colored bars green or red to decide long or short.
The method applies to any timeframe.
Note
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Here you wait for price to move above sma 50, then make 3 or 4 closes etc.
Surely you are not the early bird in this process.
but safety is in built in this manner.
you listen to market and then act.
Steve primo believes a trader should not listen to outside market sources but listen only to what market says.Thus obtain a winning edge.
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STEPHEN BIGALLOW says
(CAUTION THIS METHOD APPLIES TO DAILY CHARTS)
Use the powerful candle sticks patterns and catch reversals early in overbought or oversold situations.
you catch a overbought scenario using stochastics (14,3,3) above 80,then find a Bearish engulfing pattern-then go short
as price approaches downwards into a 8 ema. EMA8 STILL ABOVE SMA50.
use the powerful candlestick pattern of a Bullish Engulfing or Bullish Harami in a downtrend using stochastics below 20, and buy as price moves up above Ema8. Of course Ema8 is still below Sma50. no visible long scenario.
Actually steve advises buying ITM calls and ITM puts as price is ready for long or short.
Stephen Bigallow in fact made a report called Green Flag which summarises 13 candle patterns of his own finding-success rate 33% or more. there are 6 bullish and 6 bearish candle patterns which succeed in market to an extent of 36%
.
put together all these candle patterns give a heads up to cash on market sentiment quite early to an extent of 75%.
Let me post a chart for example so that you can see what i was talking.
Question
english grammer or trading power ideas?
high power trade ideas first.
The line you see is 8 ema.
in fact you go long while price is below 50ma and with 8 ema below sma50.
Are you ready ?
CANDLE PATTERN METHODS OF STEPHEN BIGALLOW WORK GOOD ON DAILY CHARTS.
my take
stochastics and candle patterns are a bit difficult group of things to master.
until n unless some body good with candlestics and stochastics posts his own charts here,i give second priority to bigallows technique.
steve primo says
GO LONG only if price goes above sma50 and makes 3 or 4 consecutive closes above sma50 line. Then you can use PET-D tool of colored bars green or red to decide long or short.
The method applies to any timeframe.
Note
----------------------------------------------------------------------------------------
Here you wait for price to move above sma 50, then make 3 or 4 closes etc.
Surely you are not the early bird in this process.
but safety is in built in this manner.
you listen to market and then act.
Steve primo believes a trader should not listen to outside market sources but listen only to what market says.Thus obtain a winning edge.
---------------------------------------------
STEPHEN BIGALLOW says
(CAUTION THIS METHOD APPLIES TO DAILY CHARTS)
Use the powerful candle sticks patterns and catch reversals early in overbought or oversold situations.
you catch a overbought scenario using stochastics (14,3,3) above 80,then find a Bearish engulfing pattern-then go short
as price approaches downwards into a 8 ema. EMA8 STILL ABOVE SMA50.
use the powerful candlestick pattern of a Bullish Engulfing or Bullish Harami in a downtrend using stochastics below 20, and buy as price moves up above Ema8. Of course Ema8 is still below Sma50. no visible long scenario.
Actually steve advises buying ITM calls and ITM puts as price is ready for long or short.
Stephen Bigallow in fact made a report called Green Flag which summarises 13 candle patterns of his own finding-success rate 33% or more. there are 6 bullish and 6 bearish candle patterns which succeed in market to an extent of 36%
.
put together all these candle patterns give a heads up to cash on market sentiment quite early to an extent of 75%.
Let me post a chart for example so that you can see what i was talking.
Question
english grammer or trading power ideas?
high power trade ideas first.
The line you see is 8 ema.
in fact you go long while price is below 50ma and with 8 ema below sma50.
Are you ready ?
CANDLE PATTERN METHODS OF STEPHEN BIGALLOW WORK GOOD ON DAILY CHARTS.
my take
stochastics and candle patterns are a bit difficult group of things to master.
until n unless some body good with candlestics and stochastics posts his own charts here,i give second priority to bigallows technique.