Hi romik, What was your specific criteria for these 3 pattern signals? The one you took around 1115am est had the Energies giving it good support although the candlestick pattern itself that you traded doesn't meet my own pattern signal rules that involves a Bullish White Hammer pattern. Mark (a.k.a. NihabaAshi) Japanese Candlestick term
Hello Mark, I have done 4 trades 2 day, 2 were partly supported by the presence of White Hammer Lines. The 1st trade around 11.12 was a perfect set-up based on market retreating from the highs of the morning session (u know my 6 point thang), there were a lot more buyers present on that Hammer line, RSI @ 30, solid blocks going through on T&S, Hammer closed just below daily Pivot Point, judging by the T&S demand has increased near the end of the time frame of that Hammer, Long was "suggested" by DDF zone. Also, part of my methodology includes hypothetical "greed" factor estimates, which as I have mentioned before is partly observation/gut feeling. How many times out of 5 consecutive trading days the market will stay on track without an intraday reversal? Your Hammers thread is helping me find key points during the day, when that point of reversal is upon us. The 2nd trade went wrong as I should have sold at least 1/2 at Pivot Point, a mistake on my part and I got whooped, will know better next time. I will continue learning about your patterns, there is simply a lot to intake. Maybe you could explain why you wouldn't trade the 1st pattern. Best wishes, Romik (the Quirky Trader)