TYMEN1
I second Merchantprice! I’d love to read a whole article style ‘Joy of Candlestick Trading’. Rather than having to trawl through what is it now 100 plus pages as I attempted to do today, trying to find your posts and charts. I know its a big ask, but would love an ‘idiots guide’ (I refer soley to myself here 
PDF or whatever style download of all your gold nuggets! :D:D
I thought the same as you R Carter but decided to plow on anyway and I really would recommend reading the whole thing as you sort of immerse yourself totally into it, read about other peoples mistakes so you don’t make them and just generally come out with a far better knowledge of this system!
On a side note, does anyone else with Dealbook find that when they minimise the program, they lose it from the bottom of the screen?
MikeTye
Yep that makes sense! But [B]wow[/B] this thread is a big read! 
Carter between Tymen and your strategy, I am very excited to learn these Bollinger techniques! I can say that I spent a great deal of time reading the original JoCT thread (starting from post 1420 as instructed), reading over the PDF and trying my best to follow the complexities of many of the posts in this thread so far.
But I am chagrined to say that, along with the posters above, I could surely use an Idiot’s Guide to Candlesticks kind of walkthrough. Certainly, Tymen you have been very generous of your time and patience so far, so I am sorry to have to ask for an even clearer explanation of entries and exits.
Please assume I have the mind of a simpleton; that way, in terms of my trading acumen, you will not be far off. 
Comon guys, he said he’s working on the Final PDF. Let’s give him some time to get it all together eh?
He’s already taking time off from his real trading to do demo trading to help teach us. Look back at all the successful trades he’s posted and remember - Those are all lost profits for him :eek:
Hello,
I have two questions in tymen’s patterns that are posted. I faced similar patterns during my trades as well. First, when the pattern forms on the main chart and if the third candle is already very close or breaching the middle bb can we still take the trade ??? Second, if we see the pattern formed on the main chart and when we switch to 5m and we find candles already close or going past the opposite outer starc / bb what do we do ? Take the trade or drop it ?
Kindly enlighten.
Warm Regards.
Muthu.
MUTHUSAI2000
On the 5M chart the second of the illustrations is the better of the two trades in my humble opinion. A large candlstick wick outside of the bollinger is a good indication of overbought. When to enter is more complicated. On a 1h chart its an even bigger indication of a good counter trend trade.
For more on this try the newly opened thread 'Bollinger band trading with MA’s by SanMiguel.
Hello Carter,
Thank you for your feedback. Are you referring to the second chart of my last post ? If so that is a 30 m chart. I will look in to the thread you have mentioned. Thank you so much.
Regards,
Muthu.
Chennai.
India.
OK, heaps of posts for me to reply to again - everyone appears to be doing well but specialist help is needed for [B]Merchant [/B][B]Prince[/B].
I will oblige here.
I will answer the necessary posts then move on to posting new material.
This material should help clarify some matters for [B]Merchant Prince, muthusai2000 [/B]and[B] R Carter[/B].
Material to be included in the final PDF will be so labelled at the top of my posts…
(for use in the PDF).
Only a few weeks ago, I thought this thread was going to die from lack of contributions.
Now it is experiencing a revival of enormous proportions!!
But the PDF is coming soon and I do wish to close this thread on or before November 15.
Thank you for that, [B]DodgeV83[/B].
I will certainly look into that!!
[B]Wow!![/B]
I am still finding myself confused over what I’m doing wrong in entering trades.
A real step-by-step guide would help me a lot
Stick with the latest posts of mine here - I think they will clarify things for you.
So far I have only posted the Basic level strategy and the rules governing the use of the BB on the main charts.
[B]Now its time to look at the Advanced level in detail…[/B]
Please hold on!!
Preparing the immediate instructional charts for the thread already entails a mountain of work.
The final PDF is on its way and it will contain all the important “gems” of the candlestick method.
I have downloaded Adobe Acrobat’s PDF maker that allows 5 freebies.
I will post a first PDF for inspection and comment. Then I will edit that according to the feedback.
Eventually the final effort will be produced.
In the meantime, further posts explaining the Advanced level will be posted so that there is greater clarity.
Thank you, [B]DodgeV83[/B].
It is true that I am losing considerable profits by working on all this material.
But I am in my latter years, so I don’t mind.
I will continue to post the necessary diagrams and charts until I feel there is a sense of completion.
Then the PDF.
First, a few notes on Photobucket.
When you take a screen print and send it to Microsoft Paint for editing, you do NOT NEED to resize the picture.
The standard screen shot is just what you need to do a nice large chart in your post!!
Now let us look at what we must do when we first login to Photobucket…
The “more options” window will set you up for beautiful large charts and pictures!!
It takes a little longer to download them but it is well worth it.
See next post
See picture below - this is what you get when you click the blue “more options” tab >>>
See next post
[B]Now back to the candlestick method…[/B]
(for use in the PDF)
[B]The Advanced Level Method.[/B]
[B]Use of the Starc Bands.[/B]
[B][U]Observation of Price Action.[/U][/B]
The Starc bands mostly operate within the Bollinger bands.
In the following charts and diagrams the Bollinger bands are shown in blue while the Starc bands are shown in pink.
The Starc bands are loaded [U]twice[/U], one with input factor = 1, and the second with input factor = 0.7.
You can set the line thicknesses according to your own preferences.
The following real life charts show that happens to the price action when the Starc bands are…
Going level.
Going up or down.
Going extremely up or down.
(for use in the PDF)
Here is a price chart showing both the Bollinger bands (blue) and Starc bands (pink).
The Starc band regions have been coloured in to improve clarity.
These colours will not, of course, been seen on a live price chart.
We note that on the level section of the Starc bands, the price action moves thro the whole range of the bands.
However, on the downward section to the right, the price action confines itself to only one half of the bands.
That half is the lower half.
(for use in the PDF)
On this 5 minute price chart with Bollinger bands and Starc bands, we see the price action rising >>>
We note that the price action confines itself to only one half of the bands.
That half is the upper half.
(for use in the PDF)
Another 5 minute price chart with Bollinger bands and Starc bands >>>
Again, we note that the price action confines itself to the lower half of the Starc bands when the price action is going down.
Again we note that the price action moves thro the whole range of the Starc bands in the level section.
