Harami Bullish

Bullish Harami Candlestick Play Instructions



Step 1
- Look for a BULLISH HARAMI resting on MINOR PRICE SUPPORT, and/or a
rising Major Moving Average (10 MA, 20 MA, or 50 MA) on the daily chart.




Step 2 - Pull up a 15 min. chart of the stock.

Step 3 - Note the high price of the previous day's daily HARAMI candlestick. Your entry point is 1/8th above this price.

Step 4
- On the following day, allow the stock to trade for 5 minutes before
entering. Enter the stock only if it breaks above the entry criteria
(1/8th above previous day's high) and only after it has traded for 5
minutes. If the stock does not break above the entry point, do not
enter.



Step 5
- Place the initial protective stop 1/8 below the low of the previous
day's HARMAI candlestick. Exit the stock for a small loss immediately
if the stock breaks below this price.

Step 6 -
Monitor the stock as it continues to rally upward. Look for areas of
support (either minor price support or base price support) on the 15
minute chart, and re-adjust your protective stop price upward as the
stock continues to rally. This will protect your profits, and/or
minimize your losses if the stock should turn against you.




Step 7
- Monitor the stock on a 15 min. charts as it climbs upward, and stay
in as long as the protective stop is not violated. Allow the stock to
achieve 1 point or greater profit, and then look for signs of weakness.
A reversal candlestick pattern on the 15 minute chart will serve as a
good indicator for a reversal point. After the price reaches an area of
resistance and weakens, sell half of your position. This may occur on
the same day as entry, or on the following day, depending on the
strength of the stock. Maintain the latest protective stop price for
the remaining half of your position.

Step 8
- Allow stock to continue it's rally. After the stock has rallied
further, again look for an area of resistance where the stock begins to
weaken and reverse. This could be a DOJI candlestick, or any other
reversal candlestick pattern on the 15 min. chart. Sell the remainder
of the position for profit.


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all this post by caffein_blue
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