![]() ![]() NOTE: At times, it is acceptable for the close to be above the open on the last day. NOTE: At times, it is acceptable for the high of the last day to be equal with the prior day.Ģnd Criteria - The stock's close on each day should be below the open price. The Set-Up 1st Criteria - 3 consecutive lower highs and lower lows (major emphasis on the highs). The trader can often use this one set-up alone to buy without any other guide.This set-up is the key to capturing big 1 to 5 day trading gains on the up side.The Key Buy Set-Up is made up of only a few basic criteria.Sideways Trend Pristine's Key Buy Set-Up The Sideways Trend is better known as Stage 1 and Stage 3.Sideways Trend - Defined by a series of \"relatively equal highs and lows. The Down Trend is better known as Stage 4.ģ.Down Trend - Defined by a series of lower highs followed by lower lows. The Up Trend is better known as Stage 2.Up Trend - Defined by a series of higher highs and higher lows. 3 Primary Trends - Building Block Two There are only three things a stock can do: go up, go down, or go sideways. This is why we exclusively use candlestick bar charts in our trading analysis in all time frames. The Western view: \"Positive action because the stock was up 3/4 on the day.\" Japanese view: \"Negative action because the stock closed sharply below its opening price of $40.75.\" IMPORTANT: We regard the latter view as more accurate and useful for traders. If, on an up day, the stock closes below its open, the Japanese would regard it as negative. NOTE: As long as the underlying stock closes higher than the prior day's close, Western thought says it's positive, however, according to the Japanese view, this is not necessarily the case. ![]() Open and close of the same day, while the Westeners place the importance on the close as it relates to the prior period's close. Understanding Candlesticks Commentary The main difference between Japanese Candlestick analysis and Western Bar Chart analysis is that the Japanese place the highest importance on the relationship between the And over 65% of all trading losses can be attributed to being on the wrong side of the market. In fact, once these powerful but simple concepts are mastered and understood, the trader will rarely find himself on the wrong side of the market. ![]() After gaining a clear understanding of these building blocks, the trader will never again find himself confused and not knowing what to do. The following concepts form the cornerstone of any and every sound trading technique or tactic. Swing Trading with Oliver Velez email - Introduction In this section, we will reveal a few simple keys to understanding how the market works. ![]()
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