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Strategies & Market Trends : Candlestick Patterns and how they can help -- Ignore unavailable to you. Want to Upgrade?

To: Murray Grummitt who wrote (5)	3/19/2002 8:11:03 PM
From: fut_trade	Read Replies (1) \| Respond to of 17

"most reliable patterns is the EVENING DOJI STAR" I took a look at the evening doji star pattern. The first thing I need is a precise definition of the pattern. For example, day 1: close higher than open day 2: open higher than day 1 high. close equal to open day 3: open lower than day 2 low. close lower than open Next, some specification for how much of a run needs to happen over how many days preceding the evening doji star (5% increase over the last five trading days). And then some specification is needed for the time frame over which the decline is to happen (1 to 3 weeks?). Other specifications could also be added as to the length of the first and third candles. But if too many specifications are added, the number of patterns found over the historical SP datafile becomes too small to be statistically significant. If you could fill in some of the specification of "evening doji star" I'll figure out the win/loss numbers.