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Uncle Steve Presents:

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Because everyone will think I'm a candle-analyst and hip to the latest technical ... Candles give warning signs. Candles identify directional changes ... – PowerPoint PPT presentation

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Title: Uncle Steve Presents:


1
Uncle Steve Presents
The Whole Ball of WaxThe Sticks
According to Uncle Steve
2
Uncle Steve
3
The Big EightBites 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 Im 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 Analysisusing Candlesticks
  • Candlesticks Work well on all issues and time
    frames
  • Moving Averages (T3s) 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 woodin 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 tweezersthe 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
T3s and Beyond
21
Tim Tillsons T3s
  • 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 E1.7 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, hey15K
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, CTASteve Karnish,
Principal1-303-618-2382
www.cedarcreektrading.com cedarcreek_at_comcast.net
As the ex-Colorado Avalanche announcer, John
Kelly, used to sayafter an important goal was
scored Thank you, thank you, thank you!
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