vlad.adrian

Morgan Stanley - Candles and Gaps

BATS:MS   MORGAN STANLEY
362 1 7
This is not a trade ideea, I just wanted to label what happened last 8 months, so when I will see the next signal i can compare it with the recent history.

The chart is kind of full, so I recommend you watch the numbers in the elipses and look for the explanation, not the other way around.

Now, about the chart, I can't make a 100% prediction on the resulting profit because I didn't trade these patterns, I just saw them today when I was looking at a breakout ideea posted by 'flavisam', but I think they would turn out quite profitable because all the losses were small and a few of the good trades had really good gaines. The only problem is the high frequency trading, which means many commisions, but I think that on a decent account at a decent broker it wouldn't be a problem.

As you can see, last 4 months we had fewer signals with more profitable trades, so let's hope this will continue.

I'm sorry if I missed anything, please point it out to me if u find something.

If I will see another pattern, I will post a comment.

Right now we are in a consolidation period, I'm waiting for a breakout or a candle pattern at the bottom of the consolidation near the psychological level.
I see a piercing line pattern on 14.01.2014. Watch for the open in 30 minutes.
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