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Martin Pring Forex Guia operativa italiano
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Analisi della barsticks price action.
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Tables with variations of the theme.Full description
A look into the world of beverages commonly sold in bar, restaurants, lounges and other settings around the world. Discusses the steps needed to establish a profitable business that is depen…Descripción completa
Introduction to One and Two Bar Price Patterns
g n i r P . J n Marti www.pring.com
One and two bar patterns are usually short-term reversal phenomena.
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All one, and two bar price patterns must be preceded by a short-term up or downtrend.
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These patterns indicate exhaustion, where market psychology has reached a short-term extreme.
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Alternatively, them asas offering Do not think ofthink theseofpatterns black signals one and five stars. andrated white,between but in shades of gray.
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These may occasionally act as Do not patterns think of these patterns as black consolidation asgray. well. and white, but formations in shades of
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Outside bars
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Encompasses Outside bar trading range of previous bar and then some!!
We want the close to be in the lower end of the trading range.
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Encompasses trading range of previous bar and Close then some!! should be in the upper part of the range.
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Sometimes encompasses trading range of several bars
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If close develops towards the high expect an upside breakout
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S&P Composite 5-minute bar Outside bar
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S&P Composite 5-minute bar
Outside bar failure
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S&P Composite 5-minute bar
Consolidation
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Measuring the Significance of Outside Bars 1. The wider the bar and the wider the difference between the open and close the better.
2. The sharper the preceding rally (reaction for a down reversal) the better.
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Merrill Lynch 10-minute bar
1. Outside bar
2. Good volume
Price often consolidates prior to rallying.
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DJIA 60-min Bar
Confirmation
Outside bar
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Union Bank Daily
Same day confirmation
Outside bar
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NASADAQ 100 Daily Outside bar
Outside bar closes near its high after a small decline and cancels previous outside bar.
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Dollar/franc 30-minute “Outside bar”
Outside bar www.pring.com
Cocoa Weekly
Continuation outside bar Whipsaw
Confirmation
Outside bar www.pring.com
Sugar Daily
Possible reverse head and ..but this is an outside barshoulders
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Dow Jones AIG Index
Outside bar
Consolidation Outside bar
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Cocoa Weekly
Break above line confirms whipsaw.Outside bar
Strong second outside bar
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Bank of India Daily Bank of India
Outside bar
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Vestel
Outside bar
Outside bar
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NYSE Composite Record volume
Outside day24 2002 Outside day July
Daily Volume
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Summary for Outside Bars 1. One wide bar preceded by a persistent up or down trend. 2. Totally encompasses previous bar. 3. The wider the bar, the more bars it encompasses, the greater the volume the stronger the signal. 4. New trend sometimes take several bars to get underway. 5. Signals of short-term duration be can be “dominos”. www.pring.com
Inside Bars
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Second bar encompassed by the first
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Better inside Inside bar bar
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Second bar encompassed by the first
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Inside bars indicate that prevailing momentum has dissipated because buyers and sellers are now equally matched.
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S&P Composite 5-minute bar
Inside bar
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S&P Composite 5-minute bar
Inside bar
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S&P Composite 5-minute bar
Inside bar
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Canara Bank Daily
Inside bar
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Summary for Inside Bars 1. Two bars preceded by a persistent up or down trend. 2. First bar relatively wide. Second bar totally encompassed by first: the smaller the better. 3. The inside bar indicates a balance between buyers and sellers. Signals are of a short-term duration. 4. Followed by a reversal in trend or consolidation. www.pring.com
Two Bar Reversals
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Two bar reversals indicate a dramatic change in sentiment..
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Sharp rally
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Closes near the high
First bar opens near the low.
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Second bar opens near the high
Closes near the low
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Resistance zone The lower the resistance zone the better.
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Both bars of roughly equal height…..
…and usually much larger than those of the preceding trend www.pring.com
Closes near high
Opens near high
Closes near low
The higher the Opens near low support line the better.
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S&P Composite 5-minute bar Price closes near high after a sharp run up.
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S&P Composite 5-minute bar Price opens near previous close.
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S&P Composite 5-minute bar
Nice low resistance line.
Price closes near its low, and that of the previous bar.
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US Bancorp Daily Two bar reversal
Heavy volume emphasizes pattern
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Sugar Daily
Two bar reversal
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CRB Composite
Two bar reversal
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Dollar/franc Daily
Nice low Two bar reversal resistance line.
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Look at more than one time frame and more will be revealed!
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December 2006 British Pound IMM 10-minute bar
False breakout
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December 2006 British Pound IMM Hourly bar
Two bar reversal signals false breakout
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December 2006 Dow 30-minute bar
Not much of a reversal signal.
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December 2006 Dow Hourly bar
Strong two bar reversal
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December Australian Dollar 2006 10-minute bar
No reversal signals here!!
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December Australian Dollar 2006 Hourly bar
Instant confirmation Two bar reversal
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Using one and two bar patterns as dominos or reverse dominos.
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DJ Transports Daily
Nice Twohigh barsupport line reversal KST
Smoothed RSI rallies above oversold and KST goes bullish
Smoothed RSI
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Summary for Two Bar Reversals 1. Two very wide bars of similar size preceded by a persistent up or down trend. 2. First bar opens near low (high), closes near high (low). Second bar opens near high (low) and closes near low (high). 3.Reversals are of a short-term duration but are often dramatic.. 4. Occasionally result in domino effect. www.pring.com
