[QUESTION] - Can You Have An Edge With Simple Candlestick Patterns?

Discussion in 'Technical Analysis' started by Tall Mike, Jun 27, 2020.

  1. S-Trader

    S-Trader

    IMO, candlestick patterns can be useful as *part* of your overall edge, but generally not in the absence of more context. So for example, a specific pattern(s) can be used for entry within the context of a larger approach/strategy, possibly even for exit as well.

    Patterns can also useful as an edge for scalping, since as your timeframe gets faster, the relevant larger context also gets "compressed" into the pattern itself, and a lot of other stuff just becomes noise.

    In both cases, the price action depicted visually by the pattern is also context in itself -- displays the micro trends represented by the candles and how the battle between bulls & bears has played out to that point in time.
     
    Last edited: Jul 4, 2020
    #41     Jul 4, 2020
    drcruz, yc47ib and Fonz like this.
  2. easymon1

    easymon1

    Anybody know how to Set up a Run to produce a list of Stocks that have Daily Candlestick Kicker Signals?
    It'd be fun to look at a dozen of them in real time and see how they do.

    Trading Kicker Signal - https://duckduckgo.com/?q=Trading+Kicker+Signal+&t=h_&ia=web

    Kicker 8787.png

    Bullish Kicker candlestick is a two candle signal, indicating a radical change in investor sentiment towards the bullish side.
    https://www.barchart.com/stocks/candlestick-patterns/kicker-bullish?orderBy=volume&orderDir=desc

    -
    KR,BBL,MPLN,RIO,TD,K,SPIR,EBR,GGG,AWK,SUPV,KEP
    https://stockcharts.com/freecharts/candleglance.html?KR,BBL,MPLN,RIO,TD,K,SPIR,EBR,GGG,AWK,SUPV,KEP,MFIN,CSAN,ADF,SHI,EBR.B,PTRS,LWAY

    MFIN,CSAN,ADF,SHI,EBR/B,PTRS,LWAY
    https://stockcharts.com/freecharts/candleglance.html?MFIN,CSAN,ADF,SHI,EBR.B,PTRS,LWAY

    Kicker 8786 2021 1202.png
     
    Last edited: Dec 2, 2021
    #42     Dec 2, 2021
  3. easymon1

    easymon1

    2021 1208
    delete ksll.jpg delete kslm.jpg
     
    Last edited: Dec 8, 2021
    #43     Dec 8, 2021
  4. I respectfully disagree. I expect others to buy after my long entry because they are short and are now panic covering. They did not know what I knew. The only thing "they know", is the fear of price running against their position.
     
    #44     Jan 10, 2022