"High Profit Trades found with Candlestick Breakout Patterns" - Stephen Bigalow
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- Опубликовано: 29 сен 2024
- Originally presented on July 10, 2012.
For more information on Steve Bigalow's Candle Profit System for MetaStock visit www.metastock.c...
Everyone wishes they got into the fast moving stock that jumped up $25 in a month. Candlestick Signals not only identify these potential movers -- they help you identify if there is still time to participate in the move!
In this recorded webinar Steve will show you:
• Which signals produce the Breakout Patterns
• How to perform a quick visual analysis for entry and exit points
• The tell-tale signals that investor sentiment may soon change
• How to stop buying at the top and selling at the bottom
Join Stephen Bigalow as he shares the ease and effectiveness of using Candlestick Signals. Both experienced and novice investors will appreciate how easy these are to add to current strategies, allowing for more profitable trades!
About the Presenter: Stephen W. Bigalow possesses over 30 years of investment experience, including eight years as a stockbroker with major Wall Street firms. He holds his Business & Economics Degree from Cornell University and is the author of three top investing books; Profitable Candlestick Trading, published by John Wiley & Sons, in January 2002 and second edition in 2011. High Profit Candlestick Patterns, released in December 2005. His latest book released the end of 2010, Candlestick Profits: Eliminating Emotions with Candlestick Signals.
Steve is an active member of AAPTA, the American Association of Professional Technical Analysts and affiliate of the "Market Technicians Association.
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To get a free book on trading: www.metastock....
To get a free one month trial of MetaStock visit: www.metastock....
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Regardless of how you want to look at it, trading with the guidance and assistance of a reliable expert is an unrivaled advantage in this business
i absolutely agree, i'd say the only fork in the road is finding a reliable expert. Any recommedations?
No Truer words have been spoken today
@@chriskitzlinger I recommend Lance Ingrid Bernthal, he's an absolute pro, and he makes me a 5 figure monthly turnover on my investment, he's taking new investors now. But i'd need to make certain that i have his permission to give his contact information out
@@arnoldlombardi
i'm familiar with the name, i've read a few of his studies and articles siting his progress over the years, never really got to work with him as his contact information wasnt't listed in the articles nor the blogs
I tell my brothers this all the time, they tend to prefer taking on trading themselves and they have suffered huge losses over the past couple of months
Thank you, Stephen! The T-line and the reversal signals are so helpful and easy to follow. They have helped me avoid costly mistakes. I watch this video regularly. Never before have I heard such a clear explanation of pivotal candlestick patterns and the importance of the 8-day exponential average line. I also read your daily Stock Market Comments, always positive and helpful. It's like having a guide by my side. You are a treasure! Thank you.
You demonstrate a very easy pattern to trade. These patterns you show are simple to trade because the swings are so up and down and smooth. It's not like that in real trading anymore. I''l bet these illustrations were from trading days before 2005.
Your Explanation is Simple and Great.
Sudersan Rao. India.
Excellent video- thank you so much!! I’m obsessed with learning trading!!
There's so much going on in this video. The hammer is identical to the Hanging man. The buy and sell dojis, based on his own words, looking at his charts, contradict what he's saying do in the chart. I'm literally looking at active candlesticks as he's talking and if I invested like he's saying, I'd lose on every one of them. And I'm only 33 minutes into this video.
I'm sure this guy knows this like the back of his hand. But I don't feel like he's explaining it very well to people trying to learn. There's so much here that isn't computing.
Thanks for watching. I love Steve's patterns and encourage you to watch some of his other videos on our channel. Happy Trading.
Thank you for providing this video. One of the more informative ones out there... lots-o-meat in this one!
Whats better? old school candles, trend candles or heikin ashi ?
that Indian bit was great @ 18:40
what is a t line ?
Time line
probably a stupid question but is he saying Stakaskics? or Statistics?
Stochastic
High profit trades? Go for low risk opt stocks Wellsbee.com has some picks and charting to read these investments.
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do you think this work for any pair's ???
💓💓❣
Family-cliking
Its T line (trend line) not tea line lol
Nice trade Stephen, Wow.. i have been trading for sometime now and still not profitable, guess i have lost more than i have profited, I really need some kind of guidance at the point i am. Trading forex without profits isn't encouraging.
Baruch Dorfman, So sad to hear about you losing trading, when it comes to trading forex you should go for the best, i personally rely on the services offered by recommended financial advisor in trading. Rather than trading and losing with just a video logic , I invest through a financial advisor to achieve the best of results.
@Kevin, thanks for the reply. Can you recommend a good financial advisor that will help me out?
I'd advise you trade with Mr Dean Larsen Wilson he is the one that manages my investment capital on my behalf and i have been profiting much more i could ever have profited. He is registered and experienced. He is the best man for you.
How can I reach out to him then?
It is so cool meeting others here that also invest with the help of Mr Dean, Actually my greatest fear investing through a financial Advisor, was that it was not so easy for me trusting a total stranger to handle my money. This was my greatest fear with Dean Larsen Wilson. But after i received my first and second profit through him i became totally confident in him. He is indeed a genius.
For as long as I can remember I never settled with random brokerages, I invest more effectively with the help of my fund manager Ronald B. Furey. Profits have been consistent and with his skills I don’t bother with the market complexities, I just invest and take profits
with the trading market constantly with new features, trading opportunities, financial swings and big sudden surprises around the corner opting for the aid of a trade expert is usually not a bad idea
How do you go about your trades with your fund manager? how can one reach him for inquiries??
@@Axelk8 I’m under his management service where he handles my trading analysis and executed trades among other investors on his clientele list using his superior expertise of the market giving me a much better standpoint and chance of earning colossal profit returns. This way it creates room for a more efficient and profitable trading process
@@Axelk8 He’s available for communication on what s app
1 3 (8 5 4) 3 7 1 - 1 5 8
Every millennial RUclipsr getting rich off tailwinds and graphics owes this guy 5%. Best actual trading knowledge on this platform!
I agree
The concept is good but micro trading,alot of these old fashion rules don't work and the black boxes and high frequency traders have squeezed out the scalpers and micro traders becasue you dont really get the big moves anymore, the counter moves come too soon. This change occured when the computer trading became predominantly the market and the specialists retired.
lol I was watching this 6 years ago... humble beginnings
Steve has always been a classic.
thank's to Mr Carlton Jefferson for helping earn so much after loosing severally and on so many try's thank's to you sir
Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr Carlton Jefferson, i never knew good trader still existed till I come in touch with him
Yes I was a beginner when I started trading with Mr Carlton Jefferson, he trades for me and also teaches his methods, what more am I looking for in a contract trader
I’ve been searching for such trading assistance as my job takes most of my time leaving me with little chance to focus on trading. How do I get acquainted with him?
contact him directly(carltonjefferson76@gmail.com>>>>>>
This was great, thanks, I been tryin to find out about "what is bullish engulfing pattern?" for a while now, and I think this has helped. Ever heard of - Banackenzie Aristocratic Builder - (should be on google have a look ) ? It is an awesome exclusive product for discovering how to conquer options trading minus the headache. Ive heard some decent things about it and my friend got great results with it.
great steve😊😊💕✌✍🙏 1 hours valuble.......
Thanks for watching!
Show everyone the zig days or consolidated days or the days that are effected by lots of news. The markets dont cooporate like these easy swing days you demonstrate here.!
Your comments are good but the same things still happen. Same kind of zigs in charts. Only in intraday.. he has to pick some graphs to explain the types of stuff he's talking about, but I can tell its not super cherry picked.. "The markets are never wrong.." as a famous dude said.
If this technique works so well,why not scalp the market on 1 minute charts using this method. Why use daily and have to wait weeks before profiting?Just leverage your position on the short term and you make the same money but you profit take in 5 minutes instead of 5 months.
Watch the video closely. The "T Line" is the "8 Day Moving Average."
I have a positive philosophy regarding candelsticks. After all, this indicates price; and price is what is always happening, where indicators are mostly mirrors of this. One can see the dips, hills and valley of the price chart just as well as he can with indicator wiggles. Let the markets dictate the price and let the student or retail trader discern the duration and direction of the dramaturgy.
On platforms as the TOS, one can see a shameful glut in the enumeration of indicators lavished upon the trader, giving him the impression that he is possibly missing out if he doesn't consider more in this forever list. This will only serve to confound the student/trader.
that indian story made my day
🙏👍👍
i understand what you are saying however if you take time to manipulate what he is showing in this video with what ever method or system you already use trust me this video will end up being one of the best ways to spend just over an hour
First gap up AND a confirmation white candle crossing the 2 pt MA and gapping up on that candles close in an oversold area is the best signals,not the doji and gap down on selloff.
There has been much talk about discipline in trading, but very little about being an organized trader. It all starts with your trading routine and that's when Mr Princewill Brown steps in
Words can't express how glad i feel being under Brown's mentor-ship, glad to see other beneficiaries.
Good one here, though I'm finding it more profitable trading with the help of an expert trader. His experience of the market has won me more profits than I expected. Mr Princewill's got evident trading strategies to get you huge profits like I'm benefiting right now
@Stephanie Nova Contact him on
inverted hammer and hanging man have been proven to be low probability signals.
Hey Bozo... Go for small increases 5, 10%, several trades a day. Buy at support and sell just before resistance. That's how you make an account grow. You're comment must be from experience, it's too bad you weren't shown how this works. Imagine 10% on a $5000.00 trade makes you $500.00. Now do that a few times every day. You'll never go broke taking a little profit.
Eventually I'd like to understand that i found what i have been looking for all these time as a trader, i wished to earn steady cash flow via Trading and earlier this year it happened. I learnt how to trade with a strategy called IQD Momentum Strategy by *Luklasz Wilhelm* with it I make earnings every day with a daily investment of $1505. you can search google for more information it's awesome with good knowledge.
@JOHN SMITH THE FOREX GOD that maybe true but if you see you are losing your shirt then you need to dial back
Else you will not be able to trade
I am a fan of pure price action strategies and have been profitable with them over the last year using the pipdaq setups which are solid. I trade in futures but price action entries are good for any market,
Thank you very much.. I'm learning a lot from you.
Sigh...patience Chuck. This might be good. Slow start but this information was very good.
But there is so many dojis on the wrong spots! how can you tell if this doji will be the right one? You would have bought too many on the way down, or sell too many on the way bottom.
Great Question, Steve looks at Stochastics (12 , 3, 3) to verify them. He likes to see Stochastics at overbought or oversold levels. Also, keep in mind that Steve says that Doji is simply a sign of indecision. He likes to trade the decisions and not the indecision. This is why a lot of his patterns use Doji followed by a confirmation that a decision has been made. For example, the Doji BF is a Doji followed by a gap up --Indecision followed by a decision. Hope it helps, you may want to check out his site : www.candlestickforum.com.
The T line is merely an MA. Im a bit confused the reply you were give. moving average is on MT4 (MT5 is better btw). when selcted change the value to '8'. simples. I always used 8 too. have more confidence now i know he does as well.
Great content ..read again 🙏🙏💜💛🌹🌸
Thank you!
I remember the smooth rallys and fast selloff days. Most of them don't come,maybe once a week or once every two weeks,the rest are whippsawed ups and downs.Most of the old fashion candle rules here work better in the night and very early sessions3 am to 5 am.After 830 or opening bell mostly gets very goosy.The 2:30 est second opening as velez once coined,doesnt come anyore over 7 years ago. the market now flattens out at 2:30 when it used to be considered the second opening.Times have changed.
Have you heard about Smarter Money Maker? (check it out on google) It is a fast and simple way to earn extra money faster
Nice xplen sir plz this video hindi dabbing plz
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Then download a FREE copy of The Ultimate Guide to Price Action Trading.
Your would be much more effective speaker and educator if you hold questions until the end of the presentation. You answered what is the T-line and the name of your third book more times than I can remember. Some of us heard and understood you the first time you told us.
How is the trading going? Been following Bigalow for a few years
Kinda more comfortable now
Took his foundation and worked it into my own style
So far so good
Thx
I lost count of how many times I've watched this video at around 10th..
Are you the one who watched this 1.2 million times?
@@ccr6942 nearly 50
ok thaqnk u stephen...... sorry many many thanks to u.... but i want to know how i set up stop loss by using this stategy ...?
In a lot of cases, Steve will use a 7 EMA (t-line) with this strategy as a stop. The instrument must CLOSE under the T-Line. In the case the instrument moves fast in the correct direction, Steve will use a 3 EMA instead.
In a lot of cases, there will also be an initial stop loss added depending on the pattern. These are outline in the commentaries for the MetaStock add on when they are applicable.
thank you for the great video!!!!
Several tools are used in Forex market among them indicators are cardinal one. Trade12 broker offers me more than 250trading articles and a qualified educational program which includes e-book, video tutorials and Forex glossary. This is well enough for allotting a vast amount of knowledge to me.
Finishing up an Algorithm, testing phase now. I will offer for sale only 4 licenses: 4 million for a license.
The best video you can watch!
really?
I'm using #EITmethod since 2017 for good profits
The indian story is funny. The weather man watching was watching them and they were getting signal from him. best example.
zzzzzzzzzz its so easy to say whats going to happen after its already happend, why do i never see people doing live recording of them explaining why its going to go up when they say it will.
does this work on forex?
yes should do works on anything
Can somebody help me out. Did he mention the timeframe he uses
Hi Andre, Most of these charts are Daily.
very interesting??? doji..gap..T-line..close at top..at bottom...had to stop after 31 minutes...maybe more basic learning of candlesticks needed for me...surely would like to understand all of this!!!
Fran Munschauer take your time
You can learn this
I am self taught and you can too
Mr Bigalow is good
Just a follow up to see how your trading is coming along
Thx
Still a good lecture. Thanks
Glad it was helpful!
whats the best SMA settings for super volatility in micro/small cap markets?
The Bible of Trading
lol. Great Indian story.
I'm assuming these strategies work exactly the same across all markets and even cryptocurrency trading?
They should, but I haven't used it extensively with cryptos. If you'd like to review some charts with it, you can chat online with us and we can prepare some for you. www.metastock.com/saleschat
Can't believe Steve is not longer with us 😓
😞
This is a really good video MetaStock... Knowing Candlestick patterns is super critical to becoming a successful market trader..
Thanks! Steve did all the heavy lifting. It was good to have him on here.
i trade in Vault Options since is the very best broker in the market, excellent with excellent support plus instant withdrawals, in Vault Options you don't have to wait to receive your profits since this are done instantly
I think the only thing I got from this that might be useful is buying at points of indecision and setting your stops smaller then your limit. If your lucky half the time you'll make money.
I think what using this would actually do is give confidence so you don't randomly bail out when you should see your profit through to the next point of indecision.
But I'm very new at this ;)
I wonder 8 years later if you carried on learning
@@mustafashah3730 I learned that it's definitely just gambling because of how much it's leveraged. And feeling like you understand something doesn't mean that you actually do.
❤❤👍👏🌹🙏🙏
Thanks!
T line is the 8 day
EXP moving average
i was just about to google it and by chance my eyes wondered here. thank you
I guess that was useful .....
12,3,3 inputs but in which format 12 Period and K%3 and D%3? Different programs use different methods as to which inputs go in first? Any comments and what stochastics he uses exactly?
Everything in this amazing!
Well everything but the super weird native American indian chief story. That was crazy.
Beyond the Candlesticks , Moving Averages, Trend Lines, Indicators, Fib, Oscalators.etc... There is a one Method which will work only once in a month in all majoy currency Pairs. Just Take only one trade and Get profits $1500 to $3000
Does anybody implement this system if it works.
12,3,3 inputs but in which format 12 Period and K%3 and D%3 different programs use different methods at to which inputs go in first? Any comments?
this is fantastic shizzle my man!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! unbelievable informative.
basics i never bothered to understand! dont worry though, theres still enough suckers out there you can make money from! ha.
cheers keep it up. Youve improved my trading exponentially. (within 2 days can see more positive results!!!) sick.
know the trend.. u will always profitable ... the problem is many people did'n know the trend... buy n sell at same trend... hahahah
If you want to be a millionaire write the book "About how to become a millionaire'
P.S sorry if i make some mistakes. not a native just a lerning
Great experience shared Sir. Hats off to you
Thanks a ton
Joobeng I see that too. At about 12:50 he says dar.n, I am showing these with aaa... Not sure what the indicator is on the video but I'll bet he intended to show what he said Stochastics 12,3,3.
Is there a difference between the reading when you compare stocks and forex?
Not really, they are the same. However you should have a different methodology for stocks and forex. Depends on your trading style (scalping/day/swing/position trading). For short-term, you'd focus more on technical analysis so reading candle sticks would be similar (watch out of economic events in forex). For long-term, you really need to focus more on fundamental analysis than technical analysis.
Patterns (wedges, flags, triangles), support and resistance lines and candle sticks work with both. (Basically price action analysis)
Embiv... In my experience, candlestick analysis works just as good in the forex market as it does in the stock market.. Hope this helps!
Nice teching sir love your idea
That native american wood harvest story was pretty good
9:10 you say when you see a doji at the top "sell" but in the following example where you see a steady bullish trend where you see a lot of Doji's on the way to the top, that's one thing that confuses me. if you were to sell as soon as you saw a doji at the top wouldn't you have cutten your profit like you explained after?
I'll do my best to answer this for you. The definition for a Doji at the Top is a Doji followed by a gap down. Steve always says Dojis represent indecision. We don't want to trade indecision, we want to trade the decision. So, in this case, the gap down is the decision and where you would look to go short. You could put your stop at the top of the Doji as you won't be right all the time. The opposite of this pattern is called the Doji Best Friend. This is a Doji followed by a gap up. I hope it helps.
Traders ask about the best time frame and consistent strategy on Doji, i want to tell you that all time frames work with a developed strategy. master a developed strategy and choose your time frame, find a way of making money trading it with a good strategy. as for me i use IQD Momentum strategy to make money with my perfect timing on doji. reading vital ebooks from the developer LUKASZ WILHELM.
talking about candlestick which time frame u used the most?
most reliable is Daily
Do you ever use Heiken Candles? I find they are really good for advanced warning of trend changes and slown down. Japanese candles can be dynamite if you know how to read them. Thanks Steve great video.
Rubbish... good luck become traders lol....
The market isn't predictable or else they wouldn't be sharing this information lol
Can someone tell me what the "T" line is?
its a line you place while having a cup of tea...lol...its a 8EMA
for shorter trades like 10-15minute trades on binary options what moving average combo should i use ?
Trading is never complicated, we are making it has complicated
Big facts 💯💯💯💯💯💯💯💯🔥🔥🔥🔥🔥🔥🔥
Forex is difficult to predict. oil is not.
THE MOST AMAZING VIDEO I'VE EVER WATCHED. 10 YEAR FOCUS.
can this apply to a 1 min chart?
Great video and very useful and concise. Thanks a lot.
There are groups you can join where you can watch the traders taking live trades and talking you through it so that you can see things happening in real time
When you say the T Line what do you mean?
Is that the 20,50,200 Moving Average or the Exponential or how do you calculate the T Line?
He said he uses the 8 EMA
Thank you so much! Awesome!
53:13 KICKER SIGNAL
If the charts shown are not one minute charts for day trading, then the presentation comes up short. I suppose if you are a swing trader, this may be useful, but isn't the minute charts the real indication of effectiveness? Still insightful info, but lacking.
Abandoned babys dont work more then 50% of the time in micro trading with 1 or 5 minute charts.I like a 70%+ percentage of winners. at 50% success,you have to rely on big trends to come out ahead.