Famous commodities trader Richard Dennis was having an ongoing debate with his friend and business partner Bill Eckhardt about whether great traders are born or made – whether it is possible to teach the ability to trade successfully. While Dennis firmly believed that trading abilities could be broken down into a quantifiable system of rules
The bullish Three Inside Up reversal pattern occurs during a downtrend. The first two candle are a Bullish Harami, a two day pattern that has a small body day completely contained within vertical range of the previous larger candle’s body. This formation suggest that the previous trend is coming to an end. The smaller the
Three Inside down is a three candlestick bearish reversal pattern. The formation occurs in an uptrend, with the first two candlesticks being the bearish Harami pattern. This is followed by a black candlestick that closes lower than the first candlestick in the series.
Ed Meihaus is Chief Investment Officer of boutique investment firm Hanseatic Group. Meihaus joined the firm in 1985 and develops quantitative model-based investment applications. See also: www.hanseaticgroup.com
Indicators that most influence the dollars value: 1. Employment Report Importance: Highest.Published by: Bureau of Labor Statistics, U.S. Department of Labor.Frequency: Monthly.Release Time: First Friday of the month at 8:30 ET Market Reaction: Event Fixed Income Equities Dollar Payroll Employment Up Bond Market Down Stock Market Up Dollar Up Unemployment Rate Up Bond Market Up