一个笨蛋的股指交易记录-------地狱级炒手

hefeiddd · 发表于 2009-3-9 04:07

Chart Patterns | CANDLESTICK PATTERNS | Technical Analysis | Option Strategies | Bookshelf

Candlestick Patterns

A single day's trading activity can be summarized in a "candle." Groups of candles or certain candlestick formations indicate the underlying psychology and intentions of traders. Couple with chart patterns and technical analysis, knowledge of the most common candlestick patterns - as one of many tools to be used - can greatly increases a trader's success. Here we discuss 68 different bullish and bearish patterns used by successful traders.

Bullish Candles
Abandoned Baby
Belt Hold
Breakaway
Concealing Baby Swallow
Doji Star
Dragonfly Doji
Engulfing
Gravestone Doji
Hammer
Harami
Harami Cross
Homing Pigeon
Inverted Hammer
Kicking
Ladder Bottom
Mat Hold
Matching Low
Meeting Lines
Morning Doji Star
Morning Star
Piercing Line
Rising Three Methods
Separating Lines
Side by Side White Lines
Stick Sandwich
Three Inside Up
Three Line Strike
Three Outside Up
Three Stars In the South
Three While Soldiers
Tri Star
Unique Three River Bottom
Upside Gap Three Methods
Upside Tasuki Gap

Bearish Candles
Abandoned Baby
Advance Block
Belt Hold
Breakaway
Dark Cloud Cover
Deliberation
Downside Gap Three Methods
Downside Tasuki Gap
Doji Star
Dragonfly Doji
Engulfing
Evening Doji Star
Evening Star
Falling Three Methods
Gravestone Doji
Hanging Man
Harami
Harami Cross
Identical Three Crows
In Neck
Kicking
Meeting Lines
On Neck
Separating Lines
Shooting Star
Side By Side White Lines
Three Black Crows
Three Inside Down
Three Line Strike
Three Outside Down
Thrusting
Tri Star
Two Crows
Upside Gap Two Crows

Bullish Candlestick Patterns

[ Bearish Candlestick Patterns ]

hefeiddd · 发表于 2009-3-9 04:09

CHART PATTERNS | Candlestick Patterns | Technical Analysis | Option Strategies | Bookshelf

Chart Patterns

At the end of the day, the only thing that matters in the stock market is supply and demand. When there are more buyers than sellers, stocks go up. More sellers than buyers, stocks go down. A chart is simply a graphical representation of supply and demand. Any news or information that is important or relevant will show up in the chart. It is a totally unbiased, unemotional, direct representation of everything going on in the stock. History has shown that stocks often form patterns, and when these patterns are broken, price movements can be predicted with a high degree of accuracy. Here we discuss numerous popular chart patterns used by successful traders.

Bullish Patterns
Symmetrical Triangles
Ascending Triangles
Rectangles
Pennants
Flags
Wedges
Head & Shoulder Bottom
Cup & Handle
Trendlines

Neutral Patterns
Symmetrical Triangles
Rectangles

Bearish Patterns
Symmetrical Triangles
Descending Triangles
Rectangles
Pennants
Flags
Wedges
Head & Shoulder Top
Trendlines

Symmetrical Triangles

Bullish symmetrical triangles represent neutral periods of doubt and indecision. They are characterized by a series of higher lows and lower highs as the forces of supply and demand are nearly equal.Each rally is seen as a selling opportunity while each dip is met with buying. The pattern is typically large and takes several months or more than a year to form.

The best breakouts occur ½ to ¾ of the way through the pattern. A stock seems to gain energy as it is compressed into the triangle, but that energy dissipates beyond the ¾ point. It is recommended that traders abandon a stock that trades beyond the ¾ mark for very little movement is likely to occur. Volume typically diminishes as the pattern develops because traders become more and more unsure as to the stock's future direction. Then, seemingly without warning, the stock explodes out of the pattern.
Bullish symmetrical triangles appear in uptrends and typically resolve themselves to the upside. Breakouts to the upside must be accompanied by a significant increase in volume to confirm the breakout. Failure to accomplish this doesn't automatically render the play invalid, but it does raise a yellow flag. Besides volume, the astute trader ought to look for a close above the most recent high. This price represents the previous area of selling pressure and an area where stockholders may be looking to “get out even.” It is recommended that if volume does not accompany the break, and if the stock fails to make a higher high within a reasonable amount of time, the trader should move a sell stop up to protect profits.
The expected price movement upon breakout is approximately equal to the widest part of the pattern.

TEO formed a typically symmetrical triangle in an uptrend in the late winter months of '03. After steadily rallying on solid volume (notice the black volume bars are generally bigger than the red ones) the stock made a lower high and a couple higher lows as the stock was compressed by converging trendlines. Volume then surged on the mid-April breakout. Notice the widest part of the pattern (approx. 1.75 points) accurately predicted the move from 4.25 up to 6.0. Textbook play.

TRPS traded into a symmetrical triangle and broke out on massive volume. Notice the move from 10 to 20 into the pattern was pretty good at forecasting the move from 20 to 30 upon breakout.

BDY formed a solid symmetrical triangle pattern in the fall of '01 and provided a great move to the upside when the stock broke out. Notice the volume; it was huge on the rally into the pattern, and than it significantly fell off within the pattern.That's exactly what you want to see. Then volume surged again on the breakout. Textbook scenario.

hefeiddd · 发表于 2009-3-9 04:11

Chart Patterns | Candlestick Patterns | TECHNICAL ANALYSIS | Option Strategies | Bookshelf

Technical Analysis

Technical analysis is a broad name given to the study of a company via its trading activity (versus fundamental analysis, which studies the balance sheet etc.) of a company. Over the years, mathematicians and traders have used the pricing activity of stocks to derive formulas that assist in determining the underlying intentions of the trading/investing participants. Here we discuss numerous popular technical indicators successful traders use in conjunction with chart patterns and candlestick patterns.

Advance/Decline Line

The Advance/Decline Line (A/D Line) is a widely followed “breadth” indicator used to measure the market's internal strength. It is the cumulative total of the difference between the number of NYSE issues that are advancing versus those declining. When the A/D Line is moving up the market is said to have good breadth while a downward sloping line indicates internal weakness.
The A/D Line can be used to confirm the movement in the overall market or to hint at a possible reversal. If both the market and the A/D line are moving up, one can expect the market strength to continue. But if the market moves up while the A/D starts to flatten out and then move down, it hints at internal weakness, and the overall market is very likely to pull back.
On the downside, if both the market and the A/D Line are moving down, one can expect the market weakness to continue. But if the market moves down while the A/D Line starts to flatten out and then move up, internally the market is gaining some strength and the indexes will likely bottom and reverse course.

The A/D Line is a long term indicator. The next two chart show an example of a positive divergence that formed between the NYSE and the NYSE A/D Line. While the market was making a series of lower highs during the last half of 2002 and beginning months of 2003, the A/D Line had bottomed and started turning. Strength was building, and the NYSE rally was not far off.

The next two chart show the opposite situation. While the market was steadyily moving up, the A/D Line was making lower highs. Something had to give. Either the market was going to pull back or the A/D Line was going to start moving up. In this case the A/D Line broke support and the NYSE wasn't far behind.

hefeiddd · 发表于 2009-3-9 04:12

Chart Patterns | Candlestick Patterns | Technical Analysis | Option Strategies | BOOKSHELF

Bookshelf

Here is a short list of books we recommend. Books on Charting Forget the Fundamentals: Just Read the Charts by Jason Leavitt Destined to be classic! Yes, we’re biased. Not yet available.
	Technical Analysis of Stock Trends, 8th Edition by Robert Edwards, John Magee, W.H.C. Bassetti (editor)	Beyond Candlesticks: New Japanese Charting Techniques Revealed by Steve Nison
	Technical Analysis of the Financial Markets by John J. Murphy	Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris
	Technical Analysis from A to Z by Steven B. Achelis	Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits by Stephen Bigalow

Biographies, True Stories, Life, and Trading
	The Trading Athlete by Shane Murphy and Doug Hirschhorn	The Education of a Speculator by Victor Neiderhoffer
	Reminiscences of a Stock Operator by Edwin Lefevre	Liar's Poker by Michael Lewis
	Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder	Come Into My Trading Room: A Complete Guide to Trading by Alexander Elder
	How I Made 2,000,000 in the Stock Market by Nicolas Darvas	How I Trade for a Living by Gary Smith
	The Art of Contrary Thinking by Humphrey B. Neill	Tape Reading & Market Tactics: The Three Steps to Successful Stock Trading by Humphrey B. Neill
	Pit Bull: Lessons from Wall Street's Champion Trader by Marin S. Schwartz, Paul Flint, Dave Morine	The Day Trader: From the Pit to the PC by Lewis Borcellino w/ Patricia Commins
	The Tao of Trading: Discovering a Simpler Path to Success by Robert Koppel	Secrets for Profiting in Bull and Bear Markets by Stan Weinstein
	The Disciplined Trader: Developing Winning Attitudes by Mark Douglas	Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas
	The Taylor Trading Technique by George Douglass Taylor	The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities by Alan S. Farley

Interview Style Books
	Market Wizards: Interviews With Top Traders by Jack D. Schwager	The New Market Wizards: Conversations With America's Top Traders by Jack D. Schwager
	The Mind of a Trader by Alpesh B. Patel

Books on Options
	McMillan on Options by Lawrence G. McMillan	Options as a Strategic Investment by Lawrence McMillan
	Getting started in Options, 4th Edition Michael C. Thomsett	The Options Advisor by Bernie Schaeffer
	Sure Thing Options Trading by George Angell	DeMark On Day Trading Options by Thomas DeMark and Thomas DeMark, Jr.

Books on Futures
	Steidlmayer on Markets: Trading with Market Profile by J. Peter Steidlmayer and Steven Hawkins	Mind Over Markets: Power Trading with Market Generated Information by James Dalton, Eric Jones, and Robert Dalton
	The Futures Game: Who Wins, Who Loses, & Why by Ben Warwick (Editor), Richard Jack Teweles, Frank Joseph Jones	Intelligent Futures Trading by Chick Goslin
	Direct Access Futures: A Complete Guide to Trading Electronically by David I. Silverman, James J. McNulty	Profit in the Futures Market Jake Bernstein
	Day Trade Futures Online (Wiley Online Trading for a Living) by Larry Williams	A Complete Guide to the Futures Markets: Fundamental Analysis, Technical Analysis, Trading, Spreads, and Options by Jack D. Schwager