john person candlesticks

8/11/2019 John Person Candlesticks

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Presented By:Presented By:John L. Person, CTAJohn L. Person, CTA

www.nationalfutures.comwww.nationalfutures.com

Part 2: Identifying Candlestick PatternsPart 2: Identifying Candlestick Patterns


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Part 2: Identifying Candlestick PatternsPart 2: Identifying Candlestick Patterns

Today we will Learn two key CandlestickToday we will Learn two key Candlestickpatternspatterns which helpwhich help identify key reversalsidentify key reversalsand shifts in momentum.and shifts in momentum.

Learn how candlesLearn how candles can help you discovercan help you discoverconditional changes in the markets and howconditional changes in the markets and howto use them to ride trending marketto use them to ride trending market

conditions.conditions.This section of the series will instruct you asThis section of the series will instruct you asto when to enter a position.to when to enter a position.


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Technical Approach to TradingTechnical Approach to Trading

Traders use different forms of analysis.Traders use different forms of analysis.

The four common denominators that we allThe four common denominators that we all

have to work with is Open, High, Low & thehave to work with is Open, High, Low & theCLOSECLOSE ..

It is how we analyze , interpret and act on theIt is how we analyze , interpret and act on theinformation that makes us different asinformation that makes us different astraders.traders.


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Technical Approach to tradingTechnical Approach to trading

The markets do give you clues .The markets do give you clues .These are theThese are the setset -- upsups traderstraders

look for.look for. TRIGGERSTRIGGERS are the actual signalare the actual signalthat is generally based off of athat is generally based off of asignal from thesignal from the CLOSECLOSE of a specificof a specifictime periodtime period


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Technical Approach to tradingTechnical Approach to trading

Indicators, Oscillators and MovingIndicators, Oscillators and Moving Averages are derived from Averages are derived from PRICEPRICE ..

Most price patterns (Flags, H&S,Most price patterns (Flags, H&S,Pennants) are formed from prices inPennants) are formed from prices inconsolidation periods.consolidation periods.

If you canIf you can TRAINTRAIN your eyes to look for your eyes to look forcertain signals in PRICE then you arecertain signals in PRICE then you areone step ahead of the crowd.one step ahead of the crowd.


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Basic Candlestick ConstructionBasic Candlestick Construction


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Candle patterns ToCandle patterns To

KnowKnow

Evening Doji Star Harami Doji Cross Bearish Engulfing Dark Cloud

Morning Doji Star Bullish Piercing Hammer Bullish Engulfing


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Back Test results withBack Test results withwww.genesisft.com www.genesisft.com


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Back Test results withBack Test results withwww.genesisft.com www.genesisft.com


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Doji Candlestick propertiesDoji Candlestick properties

DOJI Closes at or nearDOJI Closes at or nearopenopen

Helps confirm reversalsHelps confirm reversalsHas different namesHas different names

Helps form two or threeHelps form two or threecandle pattern.candle pattern.


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Hammer Reversal CandlesHammer Reversal Candles

The characteristics required to form aThe characteristics required to form ahammer candlestick are that the lowerhammer candlestick are that the lowershadow should be at least two times theshadow should be at least two times thelength of the body.length of the body.

There should beThere should be little little or no upper shadowor no upper shadowand the color, meaning a lower close thanand the color, meaning a lower close than

the open or a higher close than the openthe open or a higher close than the opendoes not matter.does not matter.


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NamedNamed TakuriTakuri

After a downtrend once a hammer After a downtrend once a hammerforms, the next candle with aforms, the next candle with a

higher close above the hammershigher close above the hammershigh triggers a buy signal.high triggers a buy signal.

The longer the Shadow the moreThe longer the Shadow the more

bullish the signal.bullish the signal.

Large Volume also indicates anLarge Volume also indicates anexhaustion bottom has occurred.exhaustion bottom has occurred.


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JACK HAMMER JACK HAMMER


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JACK HAMMER JACK HAMMER


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JACK HAMMER JACK HAMMER The Before Shot


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Market rallied substantially

based off the Jack Hammerformation! Also 1 st higherclosing high breakout!

The After shot


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JACK HAMMER JACK HAMMER Back Test results combinedwith Pivot, M/A & Higher

close gives addedimportance to this trigger!


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Buy on the close or on the next open after a newBuy on the close or on the next open after a new

closingclosing high is made from ahigh is made from a Doji,Doji, against a keyagainst a keyPivot Point Support Target number.Pivot Point Support Target number.

Place stops below the lowest low point of thePlace stops below the lowest low point of theBullish Candle. These shouldBullish Candle. These should initiallyinitially be Stopbe StopClose OnlyClose Only s.s.

Sell or exit the trade on theSell or exit the trade on the close close or the nextor the nextopen of a candle that makes a lower closing lowopen of a candle that makes a lower closing lownear an important Key Pivot Point targetnear an important Key Pivot Point targetresistance number.resistance number.

HCD Trade StrategyHCD Trade Strategy


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High Close Doji SetupHigh Close Doji Setup


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High Close Doji SetupHigh Close Doji SetupHCD near Pivot Point Targetsupport generates high quality

setup & trigger


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High Close Doji SetupHigh Close Doji Setup


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Sample HCDSample HCD -- Back Test ResultsBack Test Results


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Part 3: High Probability Trading TechniquesPart 3: High Probability Trading Techniques

Learn to develop and design a trading programLearn to develop and design a trading programcombiningcombining both techniques. You will also learnboth techniques. You will also learnhow to manage a trade after the initial sethow to manage a trade after the initial set -- up andup andtrigger of the entry is made.trigger of the entry is made.

You will discover what to look for in determining You will discover what to look for in determiningthe strength of a trending market condition andthe strength of a trending market condition andwhy it is important to use various time frameswhy it is important to use various time framesand, more importantly, which time periods toand, more importantly, which time periods totrade with in order to help confirm your entriestrade with in order to help confirm your entriesand exits.and exits.

I will introduce you to the genesis softwareI will introduce you to the genesis softwareproprietary signals, generated from the principlesproprietary signals, generated from the principlestaught in the last three sessionstaught in the last three sessions


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WWW.NATIONALFUTURES.COMWWW.NATIONALFUTURES.COM

All of the material All of the materialcovered in thesecovered in thesesessions are fullysessions are fully

disclosed in thedisclosed in the Trading TriggersTrading Triggers advanced tradingadvanced tradingcourse completecourse completewith workbook with workbook &&two multimediatwo multimediaCDCD s.s.


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Sign up to experience a Free TRIALSign up to experience a Free TRIALto our LIVE, interactive on to our LIVE, interactive on - - linelineTrading Room.Trading Room.

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Now open for Questions.Now open for Questions.

john person candlesticks

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