Hit & Run Candlesticks Chart Patterns

Rounded Bottom Breakout

This is a money making chart pattern, easy to follow, easy to find, easy to trade, easy trading rules. This has become a favorite chart pattern among our members because of it’s strong profitable probabilities for swing trades and day trades.

  • You are looking for charts that have been in a down trend and the big 3 are starting to flip over or have already flipped over. Price starts running in a Bullish direction with a directional target and targets with PBO’s on the way up.
  • For more information and sevral PCF’s and scan ideas, visit our Members Area.

PBO J-Hook

  • You are looking for a Bullish trend and a slight pull back with in that trend. Then buy on the reversal signals or pattern.
  • For more information and sevral PCF’s and scan ideas, visit our Members Area.

J-Hook Breakout

Coming Soon

Pinball Setup

  1. The trend must be in a definable down trend, T-Line below or equal to the 20sma, 20sma below the 34ema, s34ema below the 50sma and 50sma below the 200sma.
  2. Some form of a bottom forming. Examples. double bottom, low high higher low higher high, multi bar candlestick bottom
  3. 10 % or more from the T-Line to the 34ema
  4. Close yesterday above T-Line
  5. Buy on positive trading above the T-Line after yesterday’s close above the T-Line
  6. Take profits on at least 1/2 at the 34ema daily chart or 200sma 60min chart, which ever is first.
  7. Use a stop on a close back below the T-Line
  8. For more information, PCF’s and scan ideas, visit our Members Area.

T-Line and T-Line Run

The T-Line and the use of the T-Line is one of the first things I recommend to any students that I’m working with, and it works for long or short set-ups. The use of the T-Line will help with entries, exits and how to follow a minor or short term trend.

Coupling the T-Line an easy to follow indicator with candlesticks and a little common sense chart reading, along with not being to greedy has jump started many struggling traders and put more profits in the pockets of successful traders.

Example:
After BBY gaped and created a Rounded Bottom Breakout on January 11, 2012 it be came a T-Line Run by closing above the T-Line for the next 18 days until February 7, 2013

More to come!