Story behind the candle - Part 1

Ok guys...

To all traders... as I promise to you... here I will try to tell the story behind the candle using my own perspective and my own definition. Here we go.

Candle Pattern
Candle pattern was the early sign for something but not confirmation unless we understand the whole process of chart.
The bad things about me is I don't like to remember the candle's pattern name as what we can found on Candlestick Book... such us engulfing... dark cloud cover... haramy... and so on. I'm not really sure why... for me it's not practical and we might miss something while we tried to identify what was the pattern could be during trading.... And the pattern might goes wrong.

Study
I prefered to observe the chart by using my own eyes rather than to resite on mind the whole subject and chapter from Candlestick Book. And you supposed to believe on what you see rather than using teory. My study is base on High and Low candle. I tried to understand the process and to summarized the the candle's pattern how it supposed to be something. I tried to classify the last 2, 3 or 4 candles from all time frames.

So... what could happen next? That is nothing I can do to know what will happen in the future.... LOL. :D

My prediction is simple... it's base on probabilities. As a human being we only can apply mathematical calculation ... that is chance and probabilities.

The result from my observation was 'FRACTAL'... Fractal exist on every pattern of reversal ... It doesn't matter what you want to call it... engulfing... dark cloud cover... shooting star.... or what ever. If you not believe on me... just tried to spot the candles pattern, identify the name of the pattern and then insert the fractal indicator on that chart.

But... fractal indicator itself was lagging. And most probably we will loss if we trade base on fractals indicator... So what I really did was to catch the last candle which most probably will form fractal by using 'TIMER'. From the last candle we also could get the information about strong or weak BULL or BEAR .... and the chance of the FRACTAL.... of the candle by using High and Low candle. I just simply referred the formation as FRACTAL... easy to remember and more practical.... I don't care about the pattern name. The only things I care about... is the pattern STRONG or WEAK?... refer to last High or Low of candle or formation of candle as well as overall High Low of the chart.

That's why i create 'FRACTAL BULL BEAR FIGHTING' indicator.... to reduce the human error and to monitor the last pattern candle from all timeframes. (Before i create the The MARKET SENTIMENT indicator...)

To be continued.....