4 Meet My Best Friend on Technical Analysis

8/17/2019 4 Meet My Best Friend on Technical Analysis

1/19

MEET MY BEST FRIEND ON TECHNICAL ANALYSIS

Hello reader and Chartist wanna be!!! I ho"e #o$ s"are %e so%e o& #o$r "re'io$s ti%e(Ma# )$sto sana a*o i"a*ilala sa#o(The tr$th is the# are %# b&& *a#a nat$to a*o n) Te'hni'al Anal#sis(Sa *anila a*o na)si%$la(

Do #o$ li*e to %eet the%+

For s$re %ara%i *a din %at$t$nan sa *an#a( And #o$ *now what, )$sto *a n#a %a*ilala(((So allow %e to introd$'e #o$ to %# b&&,,,

-MR. CANDLESTICK"

Ma#be #o$ will sa#, -.hat an e&&!!!-B$t, Yes "o an) %)a *andila sa 'hart(Its tr$e,, ito an) $na *on) na*ilala sa %$ndo n)Te'hni'al anal#sis(Si#a an) la)i *o tinititi)an, *ina*a$sa" *o "a n)a%insan(

Li*e I/% tr#in) to brea* a 'ode, li*e a %#ster# to %e(

" Pambihira ang dami namang kandila paano ko kaya tomatutunan."

" Ang hirap naman...."

Those are the da#s(

A*ala *o tala)a hindi *o *a#a(


2/19

0ossible "ala, at n)a#on "ara na silan) lyrics n) isan)*anta(((

A#iee,,, "aran) lo1e son) an) datin)an(Indeed, I &ell in lo1e with Te'hni'al Anal#sis(

Let/s start((

"CANDLESTICK CHARTING"

*How to read candles

2 Ma# 3 na "arts an) 'andle *a"a) binabasa %o ito(

45 Open2 "art *$n) anon) "res#o na)b$*as or o"enan) isan) sto'* sa %ar*et(46 Close2 *$n) anon) "ri'e na)sara #$n sto'*

47 H!2 hi)hest "ri'e na inabot n) sto'*43 Low 2 lowest "ri'e na naHit n) sto'*


3/19

8Y$n )reen 'andle is b$llish than red b'o9 na)o"en sababa

b$t na)sara s#a sa %ataas na "res#o

8Y$n red 'andle is bearish, %ahina s#a b'o9 na)o"en%ataas "ero hindi nas$stain at na)'lose sa %ababan)

"ri'e

Traders ter%,:""er wi'*2 bb; sti'*, %a# ini"it sa taasLower wi'*2 b$ntot, lawit 4ts$ri #n tala)a ter%

8How to Anal#$e

2


4/19

*I%portant &onts

45 Candlestc' patterns are not te Hol# Gral.

8Hol# ?rail %eanin) is #$n) ba)a# na )$ston) )$sto,%o "ero %ahira" %a*$ha or %aa'hie1e( So it onl#%eans *a#an) *a#a %o ito %at$t$nan dahil hindi n)a itoHol# ?rail( A'hie1e n) "ower %o an) Candlesti'*(

46 Candlestc' patterns are a tool( not a co%pletes#ste%.

8It onl# %eans rel#in) on 'andles alone are not eno$)h(Nato"i' na natin #$n Sto'hasti' indi'ators "wede #$nida)da) as tool at s#e%"re %ahala)a an) @ol$%e(

47 Candlestc' patterns are s)+ect,e( s)+ect tonterpretaton o- te trader.

8This(((na"a"ansin *o *a"a) ha%%er na re1ersal ba*aa)ad+Traders %$st anal#9e it &irst(

Sa Basi' lan) %$na ta#o(

*Knd o- Candles

45 Shootin) Star 46 Han)in) Man47 Ha%%er 43 In1erted Ha%%er 4 Doi4 B$llish=Bearish Hara%i4 Dar* Clo$d Co1er 4 0ier'in) 0attern

4 B$llish=Bearish En)$l&in) 0attern


5/19

*Sootn! star

2 A bearish sin)le 'andle Re1ersal "attern2 0weden) )reen or red an) bod# n) 'andle2


6/19

2 0weden) )reen or red an) bod# n) 'andle2 Bi)ti an) *andila sa taas2 Ma*i*ita sa $"trend

88wa) %a'on&$se sa han)in) %an at ha%%er, ti)nan%$na *$n) nasaan #$n "osition n) 'andle(Sa baba or sa taas ba(

:"trend 46)reen 'andles, han)in) %an, 'on&ir%ation then 'o%es the downtrend

*Ha%%er

2 A B$llish sin)le 'andle Re1ersal "attern2 0weden) )reen or red an) bod# n) 'andle2


7/19

%a)*aiba n) "westo #an( Y$n ha%%er sa baba %a*ita#$n han)in) %an sa taas(

Alwa#s re%e%ber, *ahit ha%%er need n#an n)

'on&ir%ationHindi #$n na*a*ita lan) n) ha%%er re1ersal *aa)ad

*In,erted a%%er

2 A B$llish sin)le 'andle Re1ersal "attern

2 0weden) )reen or red an) bod# n) 'andle2


8/19

Ba%%!!! The b$lls ta*e o1er((Re1iew lan), ano 'andle #$n n*a#ellow shadow+

*Do+

2 No real bod#, walan) *atawan "aran) sti'* ln) s#a b$tstill a 'andle2 T$) o& war n) b$lls and bears, hilahan sila *$n) sino%a))ain n) "ower 2 S#e%"re walan) *$la#, I %ean not red or )reen


9/19

D#an a*o na)aral sa #o$r tradin) 'oa'h sa YT.at'h n#o, d#an "o a*o na)start(

(

Need n) trend, iba %eanin) n) Doi sa taasat Doi sa baba

Need "a din n) 'on&ir%ation 'andle(


10/19

*Hara%

2 6'andle Re1ersal "attern, dalawan) *andila na $sa"andito "artner *$n) ba)a(2 Co$ld be a B$llish=Bearish Hara%i25st 'andle 'ontin$es the trend,6nd 'andle 'an be either 'olor 2 The &irst 'andle is bi))er than the se'ond one(2 Meron din tintawa) na Hara%i 'ross, %eanin) an) 6nd'andle is DOI(

Sa Hara%i 'ross )an$n "a din r$le( Y$n 5st 'andle a#)reen *$n) Bearish hara%i(

At red 'andle *$n) B$llish hara%i na%an( The sa%e "arin an) iba lan) is #$n 6nd 'andle whi'h is a Doi, no

bod#(

8Bearish Hara%i


11/19

2 The &irst 'andle on Bearish hara%i is ?reen alwa#s#an2 Re%e%ber the 6nd 'andle on Hara%i "weden) )reen

or red(2 .hat does it %ean,,I& )reen an) 6nd 'andle %eans the b$lls a# hira" n)%a)s$stain n) %o%ent$%( ?ettin) e>ha$sted na,na"a"a)od(


12/19

.ala "an) s$''eedin) trend b$t let/s see(I& the bear or b$ll will won this t$) o& war(

T$) o& war Hilahan n) l$bid na )a%eDa"at 'o%"lete details tala)a(

8B$llish Hara%i

2


13/19

And the b$lls won the )a%e(

45trend2 )alin) sa downtrend46"attern2b$llish hara%i a# %a*i*ita sa downtrend, #$n

5st 'andle is red, 6nd 'andle 'an be )reen or red47'on&ir%ation2 that )reen 'andle at na)t$lo# na an)

$"trend, tho$)h %a# sidewa#s n) *onti b$t nas$stain "a


14/19

din #$n :" %o%ent$%( B$lls ha1e the "ower( ?alin) n)botto% &isher at s$%alo sa B$llish Hara%i((

88


15/19

Sa dar* 'lo$d, da"at #$n 6nd 'andle a# JK or *alahatin) "re1io$s 'andle an) haba or hi)it "a( ?etss G

Stor# o& Fni2i"it hehe(((L$1 it, %wahh((

*&ercn! pattern

2 6'andle B$llish re1ersal "attern

2 A""l# onl# in downtrend2 Sa downtrend s#a %a*i*ita2 Fro% the word itsel& "ier'e 4e%otionSo%ethin) that is stron) and dee"(2 Loo*in) at the 6nd 'andle, %eron #an )a" down(2 Stron) e%otion #an at "ani' sellin) b$t the )ood thin)is na*abawi an) %)a b$lls at na)sara sa %ataas na

"res#o(


16/19

Red 'andle &ollowed b# )a" down *inab$*asan, b$t

na*$ha n) 'andle na %a)'lose n) %ataas, I %eanna*abawi s#a that/s wh# its a lon) )reen #$n 6nd

'andle( At #own, :" $" and awa#( 0ower!!!

*En!)l-n! pattern

2 6'andle, either Bearish or B$llish re1ersal "attern

2 Bearish en)$l&in), &irst 'andle is )reen 'ontin$es thetrend, 6nd 'andle is red2 B$llish en)$l&in), &irst 'andle is red 'ontin$es the trend,6nd 'andle is )reen


17/19

En)$l&in) the red 'andle, *inain n) b$o sa sobra la*i n))reen 'andle(

Si)e b$hos!!! Hahaha(((


18/19

Nab$h$san a*o dito lols 0Na)&rida# r$le sila, ba*as#on na "ala n$n *inab$*asan

nawala sa isi" *o(

Are #o$ still with %e+Mahaba ba+Mahira" ba+

.ell, a*ala n#o lan) #an(


19/19

4 Meet My Best Friend on Technical Analysis

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