trader273

Reading a post like this, one can only assume that you are a new trader. If you feel that your stops are getting run, you are simply not seeing market action correctly. I have never seen a post on any forum where a person is suggestion that the CME is delaying their quotes, changing prices after the fact, and not allowing a winning trader to withdraw money. Anyways... It doesnt matter how you view the bars, be it 1 hour, 5 min, or 10,000 volume. Candle patterns are SECONDARY. The primary system should be a way to define support and resistance levels. There are a million ways to do this, be it, market profile, horizontal sr, pivots, bollinger bands, etc. It is really easy to look at a chart and say, oh there's a doji at the bottom of a downtrend, I would have gone long. But one doesn't know it was the bottom of the downtrend till well after the trade. Ive said it million times before, and Ill say it again: Candle Patterns, by themselves, will make you go broke.

Then the mod should change the thread title then. This is anything but candles in context. It should be named, candles: one by one, or Micro-view using candlesticks. I dont want a newbie coming here and then getting focused on each candlestick, because they think thats what candles in context are, when in reality whats being talked about here is the complete opposite.

What you are talking about is blending of candles. If you want to see four hourly candles together, open a four hour chart. Well, have fun with that. I think you are making this much harder than it needs to be. Bullish candles in a downtrend do not really mean that much if its not at an area of support. Now some might work, but if you get caught in a trend, good luck. I don't see what benefit would come about from analyzing every candle. If you have read any candle book, one of the first things they talk about is using candles in the overall technical picture. What you are doing is zooming in dramatically on each and every candle and ignoring the big picture.

Here is how i view trading candles. The most important thing is to find the support and resistance. Be it Market profile, trendlines, etc. For the chart I attached i just used the highs and lows. There is really no need to examine each and every bar, imo. Just need to watch the candles when they are approaching what you have defined as support and resistance.

Dont really follow, what do you mean refresh? Tradestation is in realtime.

What are you guys talking about? This is really easy to do. All you need to do is get a Delorean, Flux-Capacitor, MR. Fusion and you are good to go. I actually saw a documentary, I think it was a 3 part series, and this guy, Dr. Brown along with his teenage sidekick accomplished this feat. Not sure if they have a trading website, but you can check it out. I know I have! Here they are in action:

Soultrader's indicator does not automatically get the High Low and Close for you. You have to type in those values where u see the zeroes.

EXACTLY!!!! But the only help you are offering here is to sway people to pay $15k for some "System" or whatever you want to call it. And what is the rep from DTN going to say?? Oh yeah, DTI is bad, don't buy their system and at the same time don't pay us for the data. Common sense shows that the more people that buy the DTI stuff the more that subscribe to DTN. So of course they are going to back them.

So out of the kindness of your heart you will stay on here and answer all questions pertaining to DTI, all for nothing in return. Somehow I find that hard to believe. Maybe if you would participate in discussions w/o having to do anything with DTI that would give you a little more credit here, but I think the moderator was right, this just another form of spamming. But hey, good luck :thumbs up:

Im curious, could you post a screen shot of what this looks like?

I dont have the slightest idea about wave counts or any of that stuff. Anyways, looks like that resistance level + candle pattern was pretty powerful today. Now where/if/when to take profits is a whole other topic. Candles can be a very simplistic, yet powerful system for daily charts. Intraday, well that's a lot different.

Range is simply the HIGH-LOW

It always important to use candles in context. The day finished about a spinning top, that in itself is not that important. Now taking a quick look at the daily chart ( I use the INDU) you can see that price is at resistance so that might give me some more credence to this spinning top. Of course, depending on how/when to enter, where to put stops, and where to take profits is the real trick. Candles are just part of a trading plan.

Info on trading is pretty general. Are you looking for technical, fundamental, day trading, swing trading, position trading, etc.. One of my favorite sites is Brett Steenbarger's blog. You can spend hours upon hours going through all the older stuff. http://www.traderfeed.blogspot.com/

Wouldn't the use of iceberg orders really make this an inaccurate view? I dont know, i would be very careful of anyone selling something that looks like it actually can make money. If it could actually make money there's no need to sell it.

So this guy supposedly has a Ferrari and yet he is selling his amazing system on Ebay? Cant even make a website? Of course the examples he posts are great in hindsight, but what about when there isn't a big move and this indicator is triggered? Didnt see any of those. Got to use some common sense here. If it was really the be-all end-all indicator why would he sell and for a measly $400 or whatever it was. I'd stay away and learn the markets yourself.

Crash:confused:??? A 19.25 range in the ES is a crash? Dont think so, nothing out of the ordinary today. This is a crash:

If I had to venture a guess I would say "Electronic". The prices between the pit traded contract and its electronic counterpart have different prices. ex:

Maybe you guys should give this guy a break. Maybe it just me, but I always give the benefit of the doubt to the people that type in giant fonts, that are bolded and italicized. When it comes to posting I dont believe that less is more, i believe more is more. Different colors, fonts so big so I can read it from across the room. Thats a sign of quality poster.:thumbs up: Oh no, I just realized I did no formatting, maybe I'll modify later when I can devote some time to it!

Looks like it got over the highs. I guess this just shows how different entry methods have different outcomes. Getting in at the close will give you a better price, but more stops outs. Since we are going against the trend, I wait for confirmation. Now we have to wait and see if this move above the highs is a true move or a head fake. If its a true move I will wait for a test of this new support, if its a head fake I will be looking for a pattern to sell. Also, something interesting to note is that neither Heating Oil or Natural Gas has taken out the highs. They might do it in the next couple days, but just something else to watch to try and put the pieces of puzzle together.

You just expected a company to drop everything and do something that one person asked for? Who knowns, maybe they'll do it. But to expect it to be done in a week or two is crazy. Yeah, they are going to release a new version of the software with one update because you asked for it. I don't know what kind of companies you are used to dealing with, but don't you think its absurd for you to be asking for an update already? Apparently not....

Also, I think you have Nison's books. Do you remember reading about "crack and snap" and "Falling off the roof"?. If not, take a look. He talks about how to play these kinds of head fakes.

So you are just looking for a close over resistance, not a candle pattern to confirm, correct? If that is the case, then I can see your bullishness. I personally wouldn't just buy if/when it closes over resistance, I would wait for a retest of that resistance, which would then be support, and candle pattern. If you look back, you can see some head fakes.