Hubert Senters here.
Use Candlestick charts. I recommend that you learn how to recognize some of the basic combinations of candlesticks and I’m a big believer in Candlestick charts. I’ve been using them forever and I like combinations. I don’t like individual candlesticks. What I like is patterns of two or three.
So in TradeStation and most other platforms out there they have a scan that you can do in radar screen or they’re scanning feature or you can just put on the chart whichever way you prefer. So in this example, we could say, you know, a popular one here is Doji or hanging man and you can see there’s a lot of different ones you need to experiment with the ones that you like and the ones that you like the trade.
We’re going to apply Doji here to this one and see if we can apply anything. I will make it a big dot so I can see it and then you can obviously say ‘’boom’’ there is the Doji on the daily of Twitter so there’s a Doji. There’s a Doji and there’s the Doji. Now, that’s just one so. If I wanted to do a different one or just remove that and do it again insert analysis technique. That’s a single pattern. That’s a single Candlestick.
If I want to do like a bullish or bearish and golfing there that’s going to be a combination of two candlesticks together so I’m going to do that one. I will make the dots bigger so I can see the tag on things because I’m getting old, there you go. So there’s a bearish and golfing. I am trying to see if I see another one. I don’t think I see another one. There’s a bearish and golfing. Let me double check that.
Purple. I’m going to make sure I’m doing color. Yeah. It’s going to be a bearish and golfing. So it’s a bearish and golfing out there. Let me see if I can do one on Amazon, AMZN. And I’ve got both bullish and bearish and golfing so this is a bearish and golfing right there. I’m going to zoom out. I’m going make the dot a little bit bigger because still little bit of hard for me to see. Now, there you go. There you go.
We got to be able to see that. So this is telling me bearish and golfing potential popping price action and then what it do, they dropped potential bearish and golfing so what’s doing is here’s the way it looked bearish and golfing. You get this Candlestick here and then this is in golfing the prior price action. There you go. There you go. I don’t think there’s any more down here. Is anymore down here? Bearish and golfing. Here’s a bullish and golfing so bearish golfing is probably going to go a lot lower. Bullish and golfing means it’s probably going to go higher. There you go.
Good luck. Hope it helps. See you on the next video.
Hubert.
