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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (1467)12/11/1998 12:06:00 AM
From: Russell McGuire  Read Replies (1) | Respond to of 1589
 
Hi, Just found this thread, I like it.

I'm new to candlesticks to but I like how they predict the next days action. Last Friday I got in YILD because I saw a Hammer forming, I'm out now(nice profit) but would anyone like to give me their read on YILD's chart.

This thread feels like home already.(sweet)

Rusty



To: Gottfried who wrote (1467)12/11/1998 12:30:00 AM
From: Russell McGuire  Read Replies (1) | Respond to of 1589
 
Gottfried,

As far a VLNC goes I don't think it counts as an Island reversal because the gap was filled on the November 12(I think it was the 12th, dragonfly doji was formed). What settings all you using for RSI? I'm using Bigcharts right now(can't change setting, it's 14day RSI) but the RSI is just as low now as the beginning of the run up in October. And the Fast stochastics(on Bigcharts 5,5, not the best setting, I know) are right at the 20% line.(bullish) Basicly what I saying is I think either Friday or Monday VLNC show start up.(Of course I could be wrong, it wouldn't be the first time).

Rusty

PS ... Got Parity Plus 2.0 software coming for Christmas and then I will be able to change indicators settings to maximize their effectivness.