Bullish Harami Reversal Pattern
Japanese
Candlestick Pattern
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The
image to the left represents a generic image only and should only be used
for definition purpose to differentiate this pattern from other
generic Japanese Candlestick patterns.
Bullish Harami pattern should only
be used as a confirmation signal to whatever primary trade methodology you
are using.
In addition, this Japanese
Candlestick pattern is very dynamic because it is suitable as a trend
reversal signal and as a trend continuation signal.
However, it is not suitable as
a counter-trend signal.
The chart below represents an
image of an actual trade (real money or simulator) that was taken by one of
our fee-based clients that has access to our primary trade methodology
involving WRB
Analysis while using the Bullish Harami pattern as a confirmation
signal.
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Click on image to view actual
size |
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However, although
the above charts shows one particular type of Bullish Harami, there are many
different types (sub-groups) of Bullish Harami patterns that are defined via
the recent price action that involves the Dark WRB, Small Body and S/R
Zones.
The
above charts do not show any trade management info because such info is only
reserved for our fee-based clients.
With that said,
the above generic info is for illustration
purposes only.
Simply, the charts
above do not teach you how to trade,
they do not provide a complete trading plan and they will not act as a surrogate mother for not understanding the price
action of the market your trading...represented by the
below
Basic Info (no trade management).
Yet, if your
looking for info on understanding the price action, how to exploit that
price action regardless to the candlestick pattern, a complete trading plan, realtime support
along with profitable custom Japanese Candlestick patterns not discussed
anywhere else outside of TheStrategyLab.com
(discussed only with our fee-based clients)...its represented by the below
Advance Info with Trade Management.
Regardless if you use the Bullish
Harami as a strategy all by itself (not recommended) or as a confirmation
signal (highly recommended)...
You must
understand the price action prior to the appearance of the pattern signal to
prevent the pattern signal from defining the price action resulting in poor
trading performance.
Last of all,
contact us, if you want to improve your understanding or trading of the
Bullish Harami (what works and what does not work ) via the following
trading instruments:
CME
Emini Futures ES, NQ and ER2
CME EuroFX EC
CBOT mini-sized Dow YM
Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and
GLD
Eurex Derivatives DAX and DJ Euro Stoxx50
Eurex Derivatives Bund, Bobl and Schatz
Euronext FTSE 100 and CAC 40
Forex
Currencies Eur/US Dollar (EurUsd), Euro/ Japanese Yen (EurYen) and US Dollar/Canadian Dollar
(UsdCdy)
Hang Seng Index Futures HSI
NYMEX Energies Light Crude Oil (CL) and Natural Gas (NG)
COMEX Gold (GC) and Platinum (PL)
Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis or wide range bar analysis)
Price Action Only Trading (no technical indicators)
@
http://twitter.com/wrbtrader/
http://www.thestrategylab.com
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
"Once a trend
starts, the odds are that it will continue. Every student of
science or engineering will recognize that this is nothing
more than Newton's First Law of Motion, which says, Every
body continues in a state of rest or of uniform motion in a
straight line unless it is compelled to change that state by
forces applied to it. Simply said, it is easier for a market
to continue its direction than to reverse its direction."
--Gregory L. Morris