Technician
Short

A Yearly Hanging Man

INDEX:DOWI   DOW Industrials
3650 62 66
Just a quick heads-up. On this yearly hanging man candlestick. Are we reversing??


http://thefxchannel.com/daily-forex-forecast/
Best Regards,
Technician
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
justatrader PRO
11 months ago
Something's coming!!!! Happy New Year
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Technician TOP justatrader
11 months ago
Happy New year justatrader
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berkek PRO
11 months ago
Hangman occurs when it makes a new low within the pattern. This is not a hangman.
+1 Reply
tradingpro PRO berkek
11 months ago
That is not true hanging man can be seen on both ends.
+1 Reply
srinivasvk9211 berkek
11 months ago
it may not be bookish but is the one. wick on the top of the candle and bottom can be seen clearly. I would rate price/volume as well with it and in that sense it is Hangman.
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Technician TOP
11 months ago
http://www.investopedia.com/terms/h/hangingman.asp
+2 Reply
berkek PRO Technician
11 months ago
I understand your point. I am not trying to be right or wrong here, but by definition a hangman is different. It might be slightly weak during the year but definitely not a yearly reversal.

Check out AUDJPY weekly bar that starts on 15.04.2013. That is a text book hangman with confirmation.
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NickCoulby PRO
11 months ago
....
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IvanLabrie TOP NickCoulby
11 months ago
One candle, yes. Same reaction. :p

Cheers
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NickCoulby PRO IvanLabrie
11 months ago
Lol yea, this should be flagged as a spam chart.. Like the "MERRY CHRISTMAS" charts..
+1 Reply
IvanLabrie TOP NickCoulby
11 months ago
I agree wholeheartidly, even if the poster doesn't like it...it's not that great of a 'trading idea'.
I don't see a whole lot of work, worthy of a post, I don't see a trade reccomendation...so what is it other than spam charting?
The greetings charts too, completely pointless...chatrooms are for that kind of thing, not publications which people get notifications for.
+4 Reply
Technician TOP IvanLabrie
11 months ago
Well, it is good to hear your opinion about trading. But leave the spam for the moderators to handle.
+3 Reply
IvanLabrie TOP Technician
11 months ago
Sure thing, the other moderators must decide on that. O don't think this chart or the greetings charts have value. There's no trade here, and there's very little analysis 'work' in it.
You could have posted a multi timeframe view dissecting this candle pattern or something and/or elaborate more on how to trade this out what to look for based on this analysis.
Aa is, the chart doesn't do much for anyone looking at it, experienced or not, versed on candle patterns or not... my 2 cents.
+1 Reply
Technician TOP IvanLabrie
11 months ago
This comes in the context of a series of posts as shown on the related links. I personally believe that everyone has the right to publish anything under his profile. But this is not possible under the current logic in tradingview, because all posts go the public feed. So i think there should be a new logic that differentiate between both.
+1 Reply
JohnygForex PRO
11 months ago
this isn't a hanging man to me
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JohnygForex PRO
11 months ago
spinning top, hanging man has little to no wick on top, gg
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Technician TOP
11 months ago
:D . . Good to know yo have your interpretations for hanging man candle.. But i follow the text book standards here. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks
+2 Reply
Tom_Killick PRO Technician
11 months ago
Liked rotfl
+1 Reply
TheGMan
11 months ago
Great eye Technician!
+1 Reply
Lanmar PRO
11 months ago
I appreciate Technician's work. On this topic, I believe it is usually an impediment to rely on the look or behavior of an individual candlestick to determine some probability on price, unless you've done some thorough long term back-testing on individual candlestick behavior (I'm talking at least a decade or two here. The more the merrier). Analyzing the behavior of a candlestick too much can take you out of your trade (plan) even if price hasn't invalidated the structure of the trade (plan). In the past, this has been a problem throughout my trading history - by thinking direction will change just because a candlestick "looks" like it will actually cause a change, only to eventually find myself closing my position unnecessarily due to THINKING something will occur (emotional).

I will say this, behavior of candlesticks definitely have value for select situations. I have personally done well without knowing what a doji or hangman is. However, there have been countless times where I analyze price and say "I do not like the way that candle closed because it looks like such and such," and have been right countless times, but also dead wrong.

Ultimately, long term back-testing on the hangmans, hammers, etc, would be of great value.
+1 Reply
Technician TOP Lanmar
11 months ago
Appreciate your input. It is always necessary not to rely on a single candlestick pattern when trading, however, if we use it within the context of the overall analysis it will provide real value an many cases.
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Technician TOP
11 months ago
Looking at this post and saying it is spam or useless is biased, meaningless and crap.. especially after the multiple posts i have wrote on the stocks market here are some:
The High Yield Bonds Market Says it ALL

Pulling the short trigger on the U.S. stocks market

8 Reasons to Short the Stock Market (Part One) #stocks

8 Reasons to Short the Stock Market (Part Two) #stocks

8 Reasons to Short the Stock Market (Part Three) #stocks
+1 Reply
gLloWaves Technician
11 months ago
Thanks, I like your charts and I have no problem with this post. Sometimes one little criticism can snowball and it looks like a bigger deal than it really is.
+2 Reply
mrLOBSTER
11 months ago
Yeah, will history repeat itself:
Example
+2 Reply
Olu
11 months ago
Hi Technician
Thanks for the chart. I do not consider it a useless chart. When I saw it I said to myself 'Hmm, the whole year has been a hanging man' I dont have that timeframe view in my arsenal. With one mouse view I had an accurate view of the OHLC for the whole 2015, Thanks. 2015 and 2014 also almost double bottomed. So a break of that bottom will be meaningful. Just a revisit to that bottom, not to talk of a break below it with me in it will be meaningful to my account as well. Keep on posting Technician. Trading decisions are made based on a confluence of bits of information about the market added together. Happy New Year
+1 Reply
mrLOBSTER Olu
11 months ago
SPX did also end the 2011 year on 0%. So pretty much anything can happen this year... I will be looking on January effect to show up, if not.... RELEASE THE KRAKEN!

Following yearly results, year over year, since the bull market began:

2009 (+23.4%)
2010 (+12.8%)
2011 (0%)
2012 (+13.4%)
2013 (+29.6%)
2014 (+11.5%)
2015 (-0.6%)

Yes, 2015 is the first year over year loss. But the market would have been unchanged, like 2011, if not for the last two hours of trading on Thursday 12/31/2015.


https://caldaro.wordpress.com/
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Technician TOP mrLOBSTER
11 months ago
Yep mate. Thats why i always look for the low of the hanging man as a critical point of confirmation.
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Olu mrLOBSTER
11 months ago
Release the Kracken. MrLobster you put a smile on my face. Hercules?
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mrLOBSTER Olu
11 months ago
https://www.youtube.com/watch?v=gb2zIR2rvRQ

BTW: I read about your "ABOUT ME" at your page, and your methods reminded me of Occam's razor.

In case it's not familiar to you:

https://en.wikipedia.org/wiki/Occam%27s_razor
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Olu Olu
11 months ago
The Kracken is stirring...
+1 Reply
Technician TOP Olu
11 months ago
Olu, thank you. I think the low of 2015 will be a major level to watch this year. A break below would be seriously harmful
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paulyberndt PRO
11 months ago
Thanks for the post, Agree it needs confirmation but a yellow flag none the less
+1 Reply
ChimbOt PRO
11 months ago
Great Stuff as always !
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I don't know why there is so much rebuttal about the merits of this hanging man candle . I have seen plenty of hanging man candles give great signals . The great thing about candles is they give signals before other typical indicators do. And this being a yearly signal is quite ominous .
+1 Reply
IvanLabrie TOP BestOnlineTrades.com
11 months ago
The problem is this is one candle, with 3 lines of text...not the candle pattern itself.
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ChimbOt PRO IvanLabrie
11 months ago
The candle speaks for its self, watch for a break of the low, very simple to understand :D
+2 Reply
IvanLabrie TOP ChimbOt
11 months ago
And stop loss? and target? Not a practical trading idea in itself. That's some giant range for a stop. It's as good as having a blank chart.
+1 Reply
ChimbOt PRO IvanLabrie
11 months ago
well he started by saying " Just a quick heads-up. ".. he didnt post a trade , just informing of a sentiment change
+1 Reply
IvanLabrie TOP ChimbOt
11 months ago
1 year to form this candle...5 minutes to post this chart. :)
I'm done commenting on it. I've stated why I disagree with this type of post.
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ChimbOt PRO IvanLabrie
11 months ago
does it take a week to post a weekly chart?
i think this is a great share of information
+2 Reply
IvanLabrie TOP ChimbOt
11 months ago
Nevermind...reread my comments. Can't add more.
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OdoFx IvanLabrie
11 months ago
Does it look for you as trade idea? Because for me it is not idea so dont need tp and sl.
For me it looks like "observation" only and it is enough sometimes.
When i have own strategy then informing me about candle pattern is pretty enough as i cant watch all instruments... And it doesnt matter if it is yearly hanging man or daily hman... It is still the same information and maybe for some people here is usable... Cheers
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Technician TOP OdoFx
11 months ago
Thanks OdoFx, Unfortunately, some people want things to be their way and only their way.
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TheGMan
11 months ago
The bubble is soon to pop! Technician has given fair warning. Who else has taken the time to look at a yearly time frame?? I trade Hanging Men & Inverted Hammers almost exclusively & there is nothing wrong with this Hanging Man pattern. Is the upper wick a bit large? Yes. Which means there may be still be a bit more demand left however, they are the perfect foot prints of the bigger players (Hanging Men & Inverted Hammers) (In the right context) It tells the story that the big institutions have stepped in secretly with their positions. The dumb money is still buying while the smart players have already positioned themselves short. Visa versa for Inverted Hammers. Traded properly it is by far the BEST R/R trades that can ever be taken! Many times with absolute zero draw down outside of your spread and comm. You only ever want to trade to the direction of the pin. Short on a Hanging Man & Long on an Inverted Hammer. I personally like to trade to the end of the pin then take half my position off & let the other half on as a runner & manage it. If its not going in your direction from the start get out! That's the beauty of these, no need to take any heat what so ever! Small stops/BIG profits! You may get taken out of a trade however many times it will come back into play. If price comes back into the pin area again simply re-enter. Do a little homework on past history & you will see in any market & any time frame they play out like clock work most times. Now there's a few golden nuggets you can take to the bank.
+6 Reply
fortham TheGMan
11 months ago
greatly put.
+1 Reply
TheGMan fortham
11 months ago
Thank you Fortham for the comment!
As stated... "Traded properly it is by far the BEST R/R trades that can ever be taken! Many times with absolute zero draw down outside of your spread and comm."

Well... a picture/chart says a thousand words... As one can see there was absolute zero DD on the open of the new candle in fact she gapped down 198 pts.

As of this time of posting on Friday we are now down 1286 pts! SWEET! As I've said to my protégés on numerous times.... "One could retire very comfortably trading only just the Inverted Hammer & the Hanging Man." & is why I love these patterns & trade them almost exclusively.

"We don't get paid to trade... We get paid to wait" ~TheGMan

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todays PRO
11 months ago
Thanks Technician! I saw a similar pattern on the SPY yearly the other day and wondered why no one was talking about it. I don't get all the chatter about the hanging man. Looks like one to me and on the SPY yearly chart, it looks like a classic Evening Star pattern. I put a Sine wave on it and every 3 to 4 years we had a nice zig zag pattern until 2009, when we continued up instead of down and now are double the height from the start of 2009. Don't really know how to post the chart, but hope I described it enough. Looks like something to watch. I appreciate your expertise and input.
+1 Reply
GarryBartsch PRO
11 months ago
I believe the market is topping:
Stock Market Under Distribution for the Past Year
+1 Reply
TheGMan
11 months ago
Dow Futures Dump 300 Points From New Year's Eve Highs. Mmmm
+1 Reply
Technician TOP TheGMan
11 months ago
Yes mate. It could be just the beginning
+1 Reply
srinivasvk9211
11 months ago
thank you Technician. I am noticing patterns with some similarities on RUT as well. Shanghai index and BSE, LSE today causing some more ripples. Looks like all indexes almost all on same page. Particularly my RUT iron condor, SPX butterfly set-up is particularly is working in our favor.
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joinfree
11 months ago
do we have MACD or RSI divergence on 1 year chart? then sure reversal
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Olu
11 months ago
Hi Technician Do a 'load new bars' on your original char and see the damage being done
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mrLOBSTER Olu
11 months ago
DOW under 16 000 = Lights out!
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Olu mrLOBSTER
11 months ago
The Kracken?
+1 Reply
Technician TOP Olu
11 months ago
Yes buddy, lets wait and see whats next
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mrLOBSTER Technician
10 months ago
It's interesting how the market is in the same position as in 1927-1929.

Martin Armstrong (28 feb 2015):
"We appear to be in that 1927 moment where the Central Banks secretly got together and tried to deflect the capital inflows to the USA to help Europe. The USA lowered its interest rates in 1927 and then was forced to raise rates virtually doubling them trying to stop the rally into 1929."

Look at this chart, do you see what its forming before that huge spike?
http://s3.amazonaws.com/armstrongeconomics-wp/2013/08/DJ2731-W-False-Move.jpg

Same thing as now on DOW, SPX and DAX!!
DOW:
Example
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Olu mrLOBSTER
10 months ago
If they are trying to stop the rally this time as well they just might get their wish. Excellent observation. Thanks
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mrLOBSTER Olu
10 months ago
If the the economy goes further down -> oil price drops more -> economy goes down even more -> recession -> oil price up(cartells) -> hyper inflation.... LIGHTS OUT!
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Olu mrLOBSTER
10 months ago
A snowball effect. However I dont think oil is going down below 28 though....
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TAJ249
10 months ago
Enjoyed the post purely for it's unusualness. Feel that the criticism is a bit pedantic as we can pick and choose which posts we want to read. Appreciated and keep them coming.
+1 Reply
What does it mean when there are TWO yearly hanging mans ? which there are now ?
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