Experienced investors who have sufficient background in technical analysis, candlestick patterns and who have been trading stocks for sufficient time should carefully examine the stocks on the “Recommended” page. On this page, we do not only suggest stocks to BUY but we highlight stocks too with newly detected bullish patterns. The best possible course of action for experienced investors is to add these stocks to their portfolio and then closely monitor their confirmation status. The required precision that will allow trading these stocks at prices very close to the confirmation levels can be achieved this way only. If the investors prefer to pick the stocks themselves, a proper approach in this case would be to use the home page Scanner and the signal lists that provide powerful filtering and sorting facilities.
The signal update and market outlook commentaries placed at the signal page is a valuable source of information that should not be overlooked. The pattern confirmation history, and signal history and the last 6-month’s chart on the signal page should be carefully examined to get a clear idea about the technical character of the security. Another unique tool, which is provided in this website, is the delayed intraday module which closely tracks the confirmation status of the detected patterns and which serves to the purpose of catching the most advantageous trading price in actual trading. Though the module works with delay, it still is an exceptional tool in pinpointing the right time to place an order by vividly illustrating the intraday candlestick and the last detected candlestick pattern with its confirmation and stop loss levels on a chart. What an experienced trader is supposed to do during the trading hours is explained under the module with short and clear comments. The chance of a false trade, which is quite a common event in the chaotic world of the stock markets, will be definitely minimized if the investor has enough rigor and patience to first consider all of the available above-mentioned information prior to placing a definite bet in the market.
Our website also provides the pattern performance for each stock in our database. Though these advanced lists are essentially designed for professional investors, the experienced investors may well use them as a further aid in objectively determining the possible success of a confirmed pattern in a stock, since they show how each observed pattern historically performed in terms of confirmation success and trading success.