Ironically, many of the most spectacularly successful trades of all time were made of one of the so called ‘black’ days, where the market saw a huge decline. Black Monday refers to Monday, October 19 1987, when the Dow Jones Industrial Average (DJIA) fell 22.6% – the second largest one day decline in recorded stock
Brought to you by: CandleStickShop.com Step 1 – Pull up a Weekly chart of the stock. Step 2 – Look for a BULLISH HARAMI resting on MINOR PRICE SUPPORT, and/or a rising Major Moving Average (10 MA, 20 MA, or 50 MA) on the Weekly chart. Step 3 – Pull up a Daily chart of
The Gartley Pattern is certainly one of the classic retracement patterns. It can offer the trader early entry with minimum risk into a potential longer term trend reversal. For short term day traders the pattern can be used effectively to buy and sell tests of highs and lows on an intraday basis. Gartley said to
The Kicking Japanese Candlestick is a two candle reversal pattern. A bearish Kicking formation consists of a white marubozu followed by a black marubozu which gaps open below the first candle’s opening price.
Boris Stein entered the 23rd World Cup Championship of Futures Trading® on November 15, 2006, and captured second place with a 77% net return, becoming the first trader to enter the calendar-year competition in November and still win a trophy.