discussions from gkp topic

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

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

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.

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.

remo wrote: 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.

I was just going by what is said here :

www.candlesticker.com/Cs43.asp


'3. Then we see a doji completely engulfed by the real body of the first day on the second day. The shadows (high/low) of this Doji do not have to be contained within the first, though it's preferable if they are'

Im not certain about that comment.but in most books a harami is contained inside of the previous candle. thats the first ive seen it described like that.Even the picture is how it should be so why put a picture up if it could be different??? who is the writer???
never the less as food4thought pointed out there seems to be more than one way to do it.
The person that introduced candle stick to the western world is steve nison and im sure he does not do it that way.Ive been to a few of his seminars in the past and he has never mentioned it like that.
If its done like that then you will get a whole load of harami all the time and that would beat the objective of a harami.

Amo wrote:

remo wrote: 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.

I was just going by what is said here :

www.candlesticker.com/Cs43.asp


'3. Then we see a doji completely engulfed by the real body of the first day on the second day. The shadows (high/low) of this Doji do not have to be contained within the first, though it's preferable if they are'