Thanks again Mark, for this thread. I remembered you driving theme in this thread. Candles are a secondary form of interpretation to price action. On C3 there was confirmation that price was moving up in conjunction with the the candlestick set up. Best of trades to everyone next week. Dan
Hi Mark, here is the next day on the chart I posted a couple of days ago. I know you don't discuss stocks, but if we only look at the chart would you place pt1 today (WRB) at the first day after the bearish hammer? I took position at 96 and I'm still in. The bears were strong at the end of the day.
No, you don't know he doesn't discuss stocks because if you did you would stop bugging him about stocks...
I asked for a comment on the chart, not an advise regarding stocks. The basics in candlesticks are the same what ever you analyse and my question was about were to place stops and wide range bars. So if you don't intend to answer my question, why answer at all? If you read the past posts, you can see that Mark asked me to post what happend in the charts.
I would blend the 3 bars in one single hammer that has a wider body. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1049573>
Hi dsandstr, On your chart...the interval after the Dark Inverted Hammer Line is a WRB pt1. Thanks for the update. Mark (a.k.a. NihabaAshi) Japanese Candlestick term
Daniel... Forgive me as I guess I thought I was being the "big protector"... and thought you were actually asking Mark advice on when to exit your stated position with the WRB PT1 question... Can I ask what country this stock comes from? It looks European to me and I don't know much about European stocks... Hope you do well with your trade...
I'm starting to see more and more European stocks being discussed at North American discussion forums and on North American financial media networks. Seems like a growing interest especially via technical analysis. Someone once told me that Europe is more involved in TA than North America. Mark (a.k.a. NihabaAshi) Japanese Candlestick term