Software for Serious traders
|
| ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Kwik*POP Chart Pattern
The Next Generation in Trading Software July, 15th 2011 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ |
Greetings, Imagine a herd of very powerful, mature buffalo charging forward. They are angry, frightened and just a little pissed off. There is steam spouting from their nostrels as their powerful hooves dig into the turf. There are hundreds of them charging in the same direction with the same temperament and the ground trembles under their furious assault. Imagine a very, very hungry lone wolf, looking for a meal, observing that herd of buffalo charging straight for it. What do you think would happen if that desperately hungry lone wolf tried to attack one of the charging buffalo in that crazed herd? Obviously, the wolf would be FLATTENED like a PANCAKE! This is a rather crude metaphor for a price/momentum pattern that you will see periodically. I want you to remember two components to this pattern. 1) LONE WOLF attacks and 2) Gets flattened like a PANCAKE. Once again, 1) LONE WOLF attacks and 2) Gets flattened like a PANCAKE. Burn that image in your brain.
Here is what it looks like on a 7,500 volume chart of ES. We call the yellow candlestick with a red dot above it the PB( Pam's Bar) LONE WOLF bar. We call the bar that closed above the high of the PB LONE WOLF bar the PANCAKE BAR. When the LONE WOLF gets flattened like a PANCAKE with a Blue bar the bulls are firmly in control. This example is a BULLISH LONE WOLF REVERSAL. LONE WOLF PANCAKE BARS, both bullish and bearish, present visually dramatic trading opportunities showing when a move up, or down, is strengthening. Once again, 1) LONE WOLF attacks and 2) Gets flattened like a PANCAKE. Burn that image in your brain. If you would like more information on using LONE WOLF PANCAKE BARS please send an e-mail to kwikpop@kwikpop.com Regards, WDH
|