

	Home Market News Market Talk Learning Center Charting Analysis	Hotlist Watchlist Investment Log Trading Articles Trading Discussions

Bearish Long Green Candlestick Pattern Trading Guide

Step 1 - Look for a LONG GREEN CANDLESTICK against MINOR PRICE RESISTANCE and also against a declining MAJOR MOVING AVERAGE (10 MA, 20 MA or 50 MA).

Step 2 - Pull up a 5 minute chart of the stock.

Step 3 - Note the opening price of the stock. If the stock gaps up or down more than 5/8th, DO NOT enter the trade. If the stock opens within 5/8th of the previous day's close, proceed to Step 4.

Step 4 - Wait for the stock to trade for 5 minutes. After 5 minutes, note the high of the first 5 minute candlestick.

Step 5 - Sell short the stock if it trades 1/8th below the low of the first 5 minute candlestick. If the stock does not trade lower than the low of the first 5 minute candlestick, DO NOT enter the trade.

Step 6 - Pull up a 15 minute chart of the stock.

Step 7 - After shorting the stock, place an initial protective stop 1/8th above the high price of the day.

Step 8 - Monitor the stock during the next 15 minute candlestick

Step 9 - Adjust the protective stop to 1/8th above the high price of the previous 15 min. candlestick. Stay in the trade as long as the stock trades below this price.

Step 10 - Monitor the stock during the next 15 minute candlestick.

Step 11 - Adjust the protective stop to 1/8th above the high price of the previous 15 min candlestick. Stay in the trade as long as the stock trades below this price.

Step 12 - Continue to monitor the stock during each new 15 min. candlestick, and adjust your protective stop to 1/8th above each previous 15 min. candlestick's high.

Step 13 - Cover the stock for profit when it finally trades 1/8 above the high price of a previous 15 min. candlestick.

Content provided by Candlestickshop.com

Watch the latest videos on YouTube.com

Free Investing Materials:

Learn Winning Trading System - FREE

Free Stock Trend Analysis

Doublingstocks Newsletter Trial Offer

Free Stock Picks for 30-days

FREE Elliott Wave Tutorials

Free Trading E-Book

Free Trading Videos from INO TV

Free Trading Teleseminar Series

Free Trading Audio Learning Series

Free Investor eBook

Video: Learn Key Trading Principles

Free Classroom Trading Education

Web Hosting By: Hostgator

Hostgator web hosting discount coupon

TradingTrainer Options Education Commentary

TradingTrainer Options Trading Apprentice Program

MarketClub Trading Service

Trading Guides and Tutorials:

Introduction To Elliott Wave Principle

Profitable Trading Using Elliott Wave Analysis

Larry Williams' Ultimate Oscillator

Understanding Stock Basics Part I

Understanding Stock Basics Part II

Maintaining Proper Trading Psychology

Learn How To Trade a Bullish Harami Pattern

Learn How To Trade a Bearish Harami Pattern

Guide To Trading a Bullish 3 Black Crows Pattern

Guide To Trading a Bearish 3 White Soldiers Pattern

Guide To Trading a Long Red Candlestick Pattern

Guide To Trading a Long Green Candlestick Pattern

Guide To Trading a Bullish Thrusting Line Pattern

Submit
Enter search terms

Web
This Site

Useful eBooks:

The Candlestick Charting ebook

Guide to Consistent Trading Profits

Trend Strategist Handbook

The Stock Trading Guide

Breakout Pattern Trading Strategies

How To Develop a Profitable Trading System

Stock Options Trading Strategies

Useful Indicators and Chart Studies:

Bollinger Bands

CandleStick Patterns

Chaiken Oscillator

Channel Commodity Index

Elliott Wave Theory

Fibonacci Retracements

MACD Indicator

Momentum Indicator

Money Flow Index

Moving Averages

On Balance Volume

Overbought Oversold Indicators

Puts Calls Ratio

Relative Strength Index

Stochastic Oscillator

Trend Lines

Ultimate Oscillator

Volume

Volume Oscillator

Williams %R Indicator

Williams Advance Decline

Featured Trading Articles:

Bleak Outlook for Housing and Lending

Subprime Mortgage Meltdown

Differentiating Financial Mania and an Actual Bull Market

Who's To Blame For The Housing Market Disaster?

The Fed and Credit Crunch

Housing Bubble Opportunities

The Real Estate Situation

The Fed and The Housing Fears

Subprime Mortgage Disaster

Preparing For Real-Estate Opportunities

What is Forex?

Stock Trading Guides and Tutorials

Site Partners Options Trading Books Trading References Contact Us Link To Us Advertise