Intraday Candlestick Trading

[walterw 10]

This is what I mean :

 

[brownsfan019 17]

Yeah, that was a GORGEOUS risk/reward setup. Just beautiful.

 

Good times in the room today, plenty of trades for everyone to make some money.

[Anonymous 11]

This chart has a lot on it.

 

1. For the canlde crew we see a valid Dark (Open>Close) hammer pattern as per Mark. I have added three (3) Profit Targets using WRBs. This is not my prefered method but I know some use this type, so I placed some on here. Remember, Mark would be exiting as the candle becomes a WRB which is why PT3 is on what is not a WRB at the end of the period.

 

2. For the VSAers: First, we see demand enter on a down candle with Ultra High Volume candle with the close in the upper portion and the next bar up. This is the Dark Hammer of our Valid hammer pattern and We call this Stopping Volume. The next bar forms a WRB and the bar after that gives us a No Supply within the body of a WRB.....

[brownsfan019 17]

PP - what market is that chart from? If you remember, put a little tag on the chart or in the post what market so others can follow too. Looks like a currency.