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Uncle Steve Presents: “The Whole Ball of Wax: The Sticks According to Uncle Steve”

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Presentation on theme: "Uncle Steve Presents: “The Whole Ball of Wax: The Sticks According to Uncle Steve”"— Presentation transcript:

1 Uncle Steve Presents: “The Whole Ball of Wax: The Sticks According to Uncle Steve”

2 Uncle Steve

3 “The Big Eight…Bites the Big One”

4 My favorite retort to broker solicitations

5 Expensive Technical Seminars
“Think Before You Drink”

6 Why should I study candlesticks?
Because everyone will think I’m a candle-analyst and hip to the latest technical advances? or Because it will help me to enter and exit trades with more accuracy?

7 Candlesticks A visual examination of supply and demand
Fear and greed extend daily ranges to create a picture of market action Candles give warning signs Candles identify directional changes Works well on issues that tend to have higher volatility Works well on lower price issues that have less fundamental history

8 Technical Analysis using Candlesticks
Candlesticks: Work well on all issues and time frames Moving Averages (T3’s): A new twist on moving averages Momentum Oscillators: Reliable measurements of overbought and oversold situations

9 Tri-tips Are tri-tips a name for a cut of meat that is smoked over red oak wood…in the Santa Maria, California area? or Are tri-tips a candlestick formation that is not found in any books and extremely helpful in identifying tops and bottoms?

10 Tri-tips Any wick extensions in one direction are important
Tri-tips have a high reliability They give you time to react to the situation

11 The “Tri-tip waltz”

12 Tri-tips

13 AXP

14 “Tips and Wicks”

15 Tweezer Tops and Bottoms
The “tweeze” really do please A pattern that has a high reliability record for stopping market direction The longer the the tweezers…the more powerful the signal tends to be The smaller the timeframes the more tweezers appear

16 Two Hammers = Tweezers

17 Tweezer top plus, plus, plus

18 Wick Extensions Tweezers, shooting stars and tri-tips result from wicks extending in one direction Wicks are areas of price REJECTION A lot of price rejection in close proximity results in movement in the other direction Wicks can offer high risk/reward trading

19 “Crashing to earth”

20 T3’s and Beyond

21 Tim Tillson’s T3’s Published in the Journal of Combinatorial Theory and Technical Analysis of Stocks and Commodities Proprietary C# program as a test bed for filters, systems and options research TMA = E*1.7 – E *.7 Use as a proxy for price - or - Use instead of EMA in systems TMA has only 30% as much lag as an EMA of the same speed

22 T3

23 T5

24 T8

25 LLTC

26 LLTC

27 LLTC

28 GE

29 GE

30 GE

31 Pocket rocket

32 SBUX

33 Daily

34 Candles & T5

35 Weekly

36 Monthly

37 Futures love candles

38 “Are you threatening me?”

39 A bunch of them

40 Hi ho Silver

41 Hey, hey…15K

42 Remember the old daze?

43 Part III More candlestick formations and moving averages
Candlestick formations and momentum oscillators Uncle Steve reveals even darker candlestick secrets

44 Cedar Creek Trading, CTA Steve Karnish, Principal 1-303-618-2382
As the ex-Colorado Avalanche announcer, John Kelly, used to say…after an important goal was scored: “Thank you, thank you, thank you!”


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