SPX"s Japanese candlestick trading signals since inception 1957Hey Traders ,
what's up. I know that there is allot of data, i hate that as every one else does. But,
if you want to keep it simple just study, analyze and write down the Red & Green boxes they should sum up most of the study. I have included all the
data here . So feel free to redo, redistribute, reuse or shar it here or outside of tradingview with anyone even with out mentioning the source. from me
to humanity whom are trading SPX : - ). Moreover, If anything that this data is telling us in a very short English terms "Do not chase tops on monthly candles !!! " .
Also, some monthly candles could be treated as bullish data suggesting that !!! what's up with that!!! no Golden rule for these candles.
wish you all the best.
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1/ Bearish
Spinning Top Black 21 times : since Dec, 1961
Just looks like Evening star !!! Reds i'll treat them
like bearish signals just for the record : - )
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profit Opportunity cost
zero 300%
54 zero
6.40 zero
zero 340 %
17.33 zero
zero 17.18
zero 7.95
zero 34.49 %
zero 19.98%
22.11 zero
10.31 zero
zero 5.56%
3.61 zero
37.19 zero
zero 8.21
9.48 zero
zero 4.92
8.70 zero
zero 28.87%
28.23 zero
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Long Upper Shadow 15 times: since Nov, 1950
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Profit Opportunity Cost
31.80 zero
zero 16.10
zero 6.28
zero 4.8
Zero 23.55
Zero 145
Zero 69.85
21.39 zero
28.49 zero
2.97 zero
zero 22.31
zero 9.51
3.70 zero
2.30 zero
zero 11.62
***********************************************************************
Hanging Man 8 times: Since Nov, 1951
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Profit Opportunity Cost
18.62 Zero
2.11 Zero
Zero 3.83
Zero 6.29
Zero 12.98
Zero 17.11
Zero 49.01
Zero 16.22
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Engulfing 15 signals: since Feb, 1952
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Profit Opportunity Cost
Zero 23.33%
Zero 17.77
13.47 zero
11.46 zero
zero 13.36
4 zero
zero 57
zero 27.77
zero 81.35
Zero 124.44
6.06 zero
20.76 Zero
Zero 12.67
5.95 Zero
Zero 14.01
*************************************************************
Marubozu Black 5 times ! : Since Apr, 1952
--------------------------------------------
profite opportunity cost
zero 23.31
zero 62.06
8.11 zero
zero 112
zero 15%
************************************************************
Tweezer Top 13 times : since April, 1956
----------------------------------------------------
Profit Opportunity cost
12.36 zero
4.25 zero
3.81 zero
zero 60.73
zero 34.73
zero 7.47
4.16 zero
zero 14.45
zero 47.07
9.41 zero
15.14 zero
7.04 zero
12.38 zero
*************************************************************
********************************************************************************************************************************
2/Bullish.
Long Lower Shadow-Bull 27 times : since Jul,1950
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Profit Cost
37.20
8.53
8.28
49.59
3.38
22.42
20.42
zero 46.23
273.66
37.93
60.27
zero 8.84
40.87 zero
zero 36.73
zero 33.39
3.72
19.43
3.83
6.62
6.29
14.01
4.61
25.32
18.08
2.53
8.62
44.87
******************************************************
Marubozu White -Bull 26 times : Since Sep, 1950
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profit cost
zero 4.60
21.45
12.15
71.55
36.09
2.3
4.15
46.07
19.25
5.86
9.08
4.01
21.27
3.85
zero 14.17
11.21
3.25
11.88
5.79
8.35
3.90
2.36
zero 4.92
3.74
2.45
3.36
************************************************************
Spinning Top White19 times : since March 1950
Just looks like Evening star !!! Whites i'll treat
them like Bullish signals just for the record : - )
---------------------------------------------------------
Profit opportunity cost
zero 19%
14.20 zero
86.64 zero
29.22 zero
44.90 zero
zero 31.81
8.06 zero
zero 9.45
6.35 zero
17.18 zero
24.60 zero
zero 4.01
10.78 zero
zero 3.35
12.22 zero
zero 4.94
zero 4.94
47.61 zero
13.65 zero
--------------------------------------------
Summery: 63% bullish
***********************************************************************************
Rising Window 21 times: Since May, 1950
--------------------------------------------------------
Profit Cost
2.51
8.04
11.22
6.11
1.85
zero 3.90
zero 8.29
12.83
13.72
26.85
3.85
3.85
zero 9.03
6.25
54.19
3.62
zero 4.28
zero 3.50
zero 11.18
*******************************************
Long Lower Shadow-Bull is actually a Doji
52-53-54-
Or inverted hammer 63-86-88!!!!
I might be wrong or tradingview is wrong
or something else is wrong!!!
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