FuriousThug
256 posts
msg #65152
- Ignore FuriousThug |
7/18/2008 12:05:15 AM
And in the other direction...
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WALLSTREETGENIUS
983 posts
msg #65153
- Ignore WALLSTREETGENIUS
modified |
7/18/2008 12:21:23 AM
Thug -
You better look again...I haven't offset it, but I can tell you that you will NEVER get a single hit with this filter, because it makes no sense. You better rethink this....
Just because you take soneone elses filter and reverse it, doesn't mean it's a filter. A lot of thinking and strategy goes into building filters, so I would at the very least make sure it's a filter before you post one in the future....but that's just me....
RIGGS
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WALLSTREETGENIUS
983 posts
msg #65154
- Ignore WALLSTREETGENIUS |
7/18/2008 12:29:03 AM
Here it is again....
RIGGS
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lawdawguw
25 posts
msg #65182
- Ignore lawdawguw |
7/18/2008 1:57:05 PM
to answer "wallStreetgenious"
The theory behind the bullish engulfing is a downtrend is in place, then, the gap down the second day continues the trend, however, something during the day occurs, and investor sentiment changes, causing a turn around. This turn around is bullish because it erased all of the previous days losses.
It's a fairly reliable pattern.
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chetron
2,817 posts
msg #65183
- Ignore chetron |
7/18/2008 2:22:03 PM
HOW DOES A CANDLE THAT GAPS UP AND ERASES ALL OF YESTERDAY' S LOSSES DIFFER?
TIA CHETRON
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lawdawguw
25 posts
msg #65186
- Ignore lawdawguw
modified |
7/18/2008 4:02:16 PM
There is not "gap up".... it would not be a bullish engulfing.... it would be a bullish kicking pattern
day one continues the trend downward, then, day two gaps down.... however, a shift occurs, and the shorts cover creating an uptrend....
here is a video: http://tradewithoutemotion.com/candlesticks__bullish_engulfing
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WALLSTREETGENIUS
983 posts
msg #65187
- Ignore WALLSTREETGENIUS
modified |
7/18/2008 4:49:01 PM
Thx
Still not perfect but better than the alternative...
__________________
You're welcome Lawdawg! Just glad SF & "I" could help man...(wink) HeHe...
- WALLSTREETGENIUS -
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