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Candlestick Forum LLC
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To build a community of educated, self-sufficient investors through the art and science of Japanese Candlesticks.
To build a community of educated, self-sufficient investors through the art and science of Japanese Candlesticks.

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The NASDAQ, although backing and filling a little today, is staying above the T-line as well as the upper wedge resistance level. The Dow and S&P 500 are trading in decisively today just below the 50 day moving average and the upper wedge...

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The strong reversal signals of Friday are now being confirmed with strength Today. The Dow has gone from supporting on the 200 day moving average and is currently nudging the 50 day moving average, the top of the wedge formation. The NASDAQ gapped up through the 50 day moving average/downward resistance level. Bullish confirmation...

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Today’s positive trading demonstrates the lack of selling pressure but still not enough bullish pressure to breach the upside of the wedge formation. The sideways mode of the markets continue to accentuate the analysis of each individual stock chart versus depending on the market trend to assist in price moves. Both long and...

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The market indexes currently trading relatively flat after trading lower earlier indicates there is still some potential bullishness that is offsetting the selling of the past five trading days. This does not mean an uptrend is about to start, it merely implies that...

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Why is today looking like a consolidation day? Many uptrending stocks are pulling back but they are not doing candlestick reversal signals. That indicates there is no major change of investor sentiment in those trends, merely profit-taking. It would not be unexpected to see the indexes come back and test the 50 day...

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Live Online Workshop with Jeff Gibby and Steve Bigalow Edit
Apr 19 @ 8:00 pm – 9:00 pm
April 19th: Live Online Workshop with Jeff Gibby and Steve Bigalow
“Scanning with Candle Profit Systems”

Jeff and Steve will show us:
How to easily scan all markets to find patterns using twenty of my most profitable patterns.
Step by step on how to use the charts to get detailed pattern explanations for using the Candle Profit Systems
How to use MetaStock to better understand my patterns and how to implement them in your trading with its real time commentary functions.
And so much more!

Registration Required – Click Here to Register
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The market indexes consolidated early today but is now trading above where they opened. This reveals the lack of any selling pressure as of yet in this market. The trend channel that has developed since late January implies the uptrend will remain in progress. Continue to stay...

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Today’s positive trading does not take the markets out of a indecisive nature, the major indexes continuing to trade below the 50 day moving average but above the T-line. The most compelling chart has formed in the transportation index, a bullish Doji sandwich breakout through the 50 day moving average. This adds...

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Although the markets have not shown any decisive trading over the past few trading days, one underlying factor can be observed. The markets are currently trading above the T-line. This trend analysis allows investors to at least gain some perspective as to the overall trend of the markets even though the daily trading is oscillating from..

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April 3rd: Live Online Workshop with Steve Bigalow

"Stop Loss Strategies"

Steve's going to show us:

How to identify the appropriate stop-loss level
How to establish the logical stop loss level for taking profits
How to immediately recognize when a trade is not working
Why it is important to establish stop losses other than reducing position losses
And so much more!

Registration Required - Click Below to Register
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