Candlestick probability

Discussion in 'Technical Analysis' started by Amatrue, Jan 8, 2020.

  1. the color of the next candle stick depends on price action which can change any moment, you can do statistical check to see how many time a green candle came after green and red after
    :)banghead:), but it's not a valid test, and it's a lot of work, it's much more effective to learn price action or to learn how to read heatmap like Bookmap
     
    #61     Jan 19, 2020
    murray t turtle likes this.
  2. %%
    Exactly;
    + in an up-trending bull market, there is a persistent pattern of certain candles, which is how inVestors make millions over the years.Like an elitetrader noted this month;;it's not a crapshoot.........................................................................................................NOT a prediction.Wisdom is profitable to direct
     
    #62     Jan 20, 2020
    athlonmank8 likes this.
  3. easymon1

    easymon1

    msd 7997.png
    your mileage may vary
     
    #63     Jan 23, 2020
  4. Erin

    Erin Guest

    You can in a sense make a determination on direction based on the last bar, like everything in trading it is not 100%
     
    #64     Jan 23, 2020
  5. easymon1

    easymon1

    erin, is there a name for this method? does info exist online outlining it? thx
    erin.png
     
    #65     Jan 24, 2020
  6. Erin

    Erin Guest

    Hi Easymon1, unfortunately no there is no literature on or off line. I learned from my friend who showed me supply and demand, then this more advanced look - how we view orders in single bars.
     
    #66     Jan 24, 2020
  7. easymon1

    easymon1

  8. easymon1

    easymon1

    Is this a candlestick pattern? or just a 'close but no ceegar'?
    dhrte.png
     
    #68     Mar 10, 2022
  9. KGTrader4

    KGTrader4

    Is this last candle considered a Doji?

    upload_2022-3-14_15-34-8.jpeg
     
    #69     Mar 14, 2022
  10. easymon1

    easymon1

    Yep and at round number. What's that white line?
    Nice carpet.
    asdgg.jpg
     
    #70     Mar 14, 2022