Financial Post And Essays

Pattern Name Structure TREND Stop Loss Checklist Bullish Marubuzo Open = Low Close= High BUY Long Open Price= SL 3:20 Current Market Price(CMP)= High price of the day. Opening Price=Low price of the day. Bearish Marubuzo Open=High  Close=Low Sell Short Sell price close to a closing price of Marubozu Closeprice=SL Avoid trading at extremely small or long candles(above10%) Spinning Top Equal size candles with equal wicks. The Doji Non-existent candle with open price=close price Market can swing either way after Doji. The paper umbrella Long lower shadow with small upper body Hanging Man(Bearish) Forms at top of the trend. Short Trade. Preceded by an uptrend. Risk-takers the same day initiate at the closing price. For risk-averse initiate close of the next. High of candle=SL Note if both patterns are available, the hammer setup is better. Hammer(Bullish) Forms at bottom of a trend. Long trade Longer the lower part more bullish the High-risk taker the buy on the same day Low-risk taker...