discussions from gkp topic

hi jackozy
Thats not an inside bar on GKP.
everyones gonna think im having ago at everyone...lol

Jackozy wrote: This particular pattern at a resistance is actually very simple. It's really just an inside bar trade - the second candle is the inside bar and the third one shows prices breaking to the downside so that's the direction in which you trade. Simples.

Amo
Thats not a bearish Harami if the high and low exceeds the previous candle.

Amo wrote: So a bearish Harami is valid as long as the body is contained within the previous candlestick. The high low can exceed it. Got it.

food4thought
im actually not going anywhere with this. I was just trying to explain about candlesticks to Amo in general and in no way was it to do with GKP or three inside down.
Sorry if it sounded like that

Food4Thought wrote: Amo,
not confusing at all. Bearish harami is valid and the third candlestick will confirm it if the sp closes below 220. the confirmation candlestick (todays) plus he harami is called three inside down.

Not sure where you are going here remo. We are at the top of a minor trend and this pattern confirms a probable change in trend, i.e a reversal. We are in exactly the right place.

There is nothing unauthodox here at all.

F4T

Thanks Jackozy. To be honest I was trying to work out what Remo and Food4though were debating more than anything else.

But to summarise everybody expects GKP to move to the downside from here. Watch it shoot up on Monday now

I wouldn't worry too much about it if I were you Amo. Trading candles is a very particular skill and takes years to master as I understand it. I only use a very few and am very particular about where they occur.

I don't have the knowledge or experience so I prefer to use other methods.

Best of luck though. Read Steve Nison (I think) if you want to know more.

So a bearish Harami is valid as long as the body is contained within the previous candlestick. The high low can exceed it. Got it.