{"id":13523,"date":"2010-09-29T18:11:37","date_gmt":"2010-09-29T22:11:37","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13523"},"modified":"2010-09-29T18:11:37","modified_gmt":"2010-09-29T22:11:37","slug":"a-trader-walks-into-a-bar-pattern-hop-portunity-on-tap","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/29\/a-trader-walks-into-a-bar-pattern-hop-portunity-on-tap\/","title":{"rendered":"A Trader Walks Into A Bar\u2026 Pattern: HOP-portunity On Tap"},"content":{"rendered":"

A free Club EWI resource reveals how bar patterns signal high-probability trade setups
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By Elliott Wave International<\/span><\/h3>\n

There’s a little known joke among the trading community that goes like this: “A trader walks into a bar… pattern: ‘Ouch!’ “<\/em><\/p>\n

Fact is, if you don’t know what you’re doing, price bar analysis can be a bit “painful.” Finding a discernable pattern in their grouping can feel like finding a hair in a hay stack.<\/p>\n

But if you have the right teacher — say someone who has used bar pattern analysis for twenty-plus years to signal dramatic moves in some the world’s most watched markets — well, then the discipline is invaluable. And right now, EWI is offering just that, free: the 15-page eCourse Book titled “How To Use Bar Patterns To Spot Trade Set-ups”<\/a><\/strong><\/em> by EWI’s chief commodity analyst and Futures Junctures Service <\/em>editor Jeffrey Kennedy.<\/p>\n

In this free 15-page resource, Jeffrey Kennedy shows you the top 6 bar patterns from his personal repertoire. He provides each pattern with a definition, illustrations of its form, lessons on its application and how to incorporate it into Elliott wave analysis, and historical examples of its occurrence in major commodity markets.<\/p>\n

Take, for instance, the eBook’s section on “Popgun” bar chart patterns. Jeffrey defines this configuration as a “two-bar pattern composed of an outside bar preceded by an inside bar.” (See chart below.) From its namesake (the old-fashioned cork-and-string toy gun), popguns introduce swift tradable moves (“the cork flying”) that are ultimately retraced (“the string pulling the cork back”).<\/p>\n

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For a real-life example, see the September 27 <\/span><\/strong>Daily Futures Junctures<\/strong>, <\/em>where Jeffrey presents this daily chart of December Coffee that clearly identifies a “Popgun” at the May 2010 low.<\/p>\n

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As for the remaining 5 bar patterns featured in Jeffrey’s eBook — look no further than the complete, free15-page eBook. You can read “How To Use Bar Patterns To Spot Trade Setups” now with an instant, free Club EWI membership.<\/p>\n

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In this comprehensive collection, Jeffrey provides each pattern with a definition, illustrations of its form, lessons on its application and how to incorporate it into Elliott wave analysis, historical examples of its occurrence in major commodity markets, and ultimately — compelling proof of how it identified swift and sizable moves.Best of all is, you can read the entire, 15-page report today at absolutely no cost. You read that right. The “How To Use Bar Patterns To Spot Trade Setups<\/a>“<\/span> is available with any free, Club EWI membership.<\/p>\n<\/div>\n

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This article was syndicated by Elliott Wave International and was originally published under the headline A Trader Walks Into A Bar… Pattern: HOP-portunity On Tap<\/strong><\/a>. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

There’s a little known joke among the trading community that goes like this: “A trader walks into a bar… pattern: ‘Ouch!’ ” Fact is, if you don’t know what you’re doing, price bar analysis can be a bit “painful.” Finding a discernable pattern in their grouping can feel like finding a hair in a hay stack.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13523","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13523"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13523\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}