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Your favorite candle stick pattern
Started:August 28th, 2012 (01:08 AM) by Itchymoku Views / Replies:2,274 / 11
Last Reply:August 29th, 2012 (03:10 AM) Attachments:0

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Your favorite candle stick pattern

Old August 28th, 2012, 07:31 PM   #11 (permalink)
Trading Apprentice
Kansas City, KS/USA
Futures Experience: Intermediate
Platform: Sierra Charts
Favorite Futures: ES, EURUSD
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Itchymoku View Post
I was just curious what other people have to say about their favorite candle patterns and which works best for them. I personally trade the shooting star pattern (when the market is not trending) as I have had much luck with it compared to other setups. I Was curious If anyone uses any other types of patterns they'd like to share. Feed back always appreciated .

In addition to Suri Duddella mentioned by Big Mike, and Thomas Bulkowski mentioned by Fat Tails, you might want to check out Lance Beggs stuff. He has a bunch of free videos on YouTube and well as a training course called YTC price action trader. I have material by all 3 mentioned above and each one provides very valuable information.

Bearish and Bullish engulfing patterns can also be powerful, given the right context.

Good luck.


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Old August 29th, 2012, 03:10 AM   #12 (permalink)
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trendisyourfriend View Post
I like to trade the pin bar candlestick reversal pattern as shown here at key areas and in the direction of the primary trend. It's a key pattern that clearly denotes trapped traders.

@trendisyourfriend , do you also consider other candlestick patterns besides the pinbar which show the same movement? Since the pinbar is nothing more then ' price turning around' within one candlestick, the same information can be shown by different/more candlesticks. E.g. the bearish/bullish engulfing 2 candlestick pattern combined is the same as a shooting star/pinbar etc. Although one could say it shows slower momentum since the pattern takes 2 candles to form, instead of one.

Since you say it denotes trapped traders, would you only consider pinbars which dip below some form SR ( in case of ' bounce of long SR )? ( and dismiss the ones which turn around just before )

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