tag:blogger.com,1999:blog-6288069931354007705.post7131697177075416098..comments2024-01-12T05:25:12.751-04:00Comments on CalTrader - Investing Insight: What a Head Fake Day!Calhttp://www.blogger.com/profile/00455804022639671744noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6288069931354007705.post-81107771574102702252006-12-10T18:59:00.000-04:002006-12-10T18:59:00.000-04:00Hey Cal,
Not sure what platform you are using for...Hey Cal,<br /><br />Not sure what platform you are using for the 15 minute timeframe of AAPL. But neither my esignal or stockcharts.com shows a hammer for the third stick on the 15 minute view. Nothing more than a NR body with long upper and lower shadows. You might want to look into that because accurate charts are a must.<br /><br />IMHO, AAPL reversed on gap support dating back to Nov. 21st.<br /><br />Nice Work Cal!TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-6288069931354007705.post-39112199678684606422006-12-10T09:26:00.000-04:002006-12-10T09:26:00.000-04:00No quibbles on terminology - you made the trade an...No quibbles on terminology - you made the trade and it was a good one. <br /><br />Follow this narrative on the 10min chart that is shown:<br /><br /> What we have is a classic zig/zag pattern - a declining stock, a gap up, fall back to 8 EMA (not shown but it did you can look it up) then a moment of indecision (red spinner), then a reversal and take the trade on the break of the 10 A.M. candle. (If you draw a line on the chart following the up and down candles you will see a "zig/zag" pattern).<br /><br />You will see this pattern many times every day. You can even reverse it for a short. It can yield a home run (couple of bucks) or a short term scalp (10-20 cents). And it can be used in any time frame from seconds to months. It is my second favorite trading set-up (after the counter gap from a blow-off bottom).<br /><br />Well done - also a nice BLOG keep it up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6288069931354007705.post-57560328839331818352006-12-09T18:37:00.000-04:002006-12-09T18:37:00.000-04:00None of those candles you identified are "Hammers"...None of those candles you identified are "Hammers". A simple Rickshaw Harami at best, which shows indecision.<br /><br />At least the trade worked for you. :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6288069931354007705.post-54806267139150871872006-12-09T16:21:00.000-04:002006-12-09T16:21:00.000-04:00Thanks for the expanded explanation! Very helpfu...Thanks for the expanded explanation! Very helpful. That seems a daring trade (with all that volume and rapid movement at the market open)... Nice eye! <br /><br />I am wondering if a 15 minute hammer is a stronger indicator than say, a 5 minute hammer. Will be watching your AAPL posts with interest in the hope of learning more. <br /><br />Good luck.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6288069931354007705.post-83707318430428820482006-12-09T14:22:00.000-04:002006-12-09T14:22:00.000-04:00the hammer on the 15 min looks better than the 10 ...the hammer on the 15 min looks better than the 10 min, imho.<br /><br />i dunno about screaming pick me, pick me, but a good trade none the less.<br /><br />'atta boy Cal, keep ripping it up.<br /><br />dan.<br /><br />p.s. you owe 3 kegs tonight, having a banger!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6288069931354007705.post-32688601434405067842006-12-09T02:09:00.000-04:002006-12-09T02:09:00.000-04:00Why does that 15 minute hammer scream 'pick-me-up'...Why does that 15 minute hammer scream 'pick-me-up'?... I don't see why it is necessarily bullish. Can anyone tell me?<br /><br />Thanks!Anonymousnoreply@blogger.com