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Side-by-Side White Lines Bullish

Today we test the "Side-by-Side White Lines Bullish" candlestick pattern. This is part of a series of tests we are conducting to measure the efficacy of candlestick patterns.

This is the description as per the Lit Wick website

Side-by-Side White Lines Bullish - How to Identify it:

• The first day is a white day
• The second day is a white day that gaps up
• The third day is a white day of about the same body length and close as the second day

As always if the term “Long” is used in the description, we will define “long” as a range that is greater than the 20 day moving average of range. When we test the pattern in a uptrend, we define uptrend as a close greater than the 50 day moving average and yesterdays 50 day moving average is greater than the prior days 50 day moving average.

We tested this pattern on every one of the S&P 500 stocks since 1990 and compared the performance results to the average 5 day move in all the S&P 500 stocks. The entry was at the open on the day after the "Side-by-Side White Lines Bullish" pattern setup and the exit was at the open 5 trading days after entry.


Below are the results of the "Side-by-Side White Lines Bullish" candlestick pattern. As a comparison the average 5 day holding period of all the S&P 500 stocks and all the other candlestick patterns that we have tested to date.

Separating Lines Bullish candlestick pattern

Today we test the Separating Lines bullish candlestick pattern. This is part of a series of tests we are conducting to measure the efficacy of candlestick patterns.

This is the description as per the Lit Wick website

How to Identify it- Separating Lines:

• The first day is a black day
• The second day is a white day that has the same opening price as the first day

As always if the term “Long” is used in the description, we will define “long” as a range that is greater than the 20 day moving average of range. When we test the pattern in a uptrend, we define uptrend as a close greater than the 50 day moving average and yesterdays 50 day moving average is greater than the prior days 50 day moving average.

We tested this pattern on every one of the S&P 500 stocks since 1990 and compared the performance results to the average 5 day move in all the S&P 500 stocks. The entry was at the open on the day after the Rising three methods pattern setup and the exit was at the open 5 trading days after entry.

This is what the Separating lines candlestick pattern look like with a close on the 2nd day that is below the high of the first day.




Below are the results of the Separating lines candlestick patterns, separating lines with a close on the 2nd day above the high of the first day and a separating lines pattern with a close on the 2nd day below the the high of the first day. As a comparison the average 5 day holding period of all the S&P 500 stocks and all the other candlestick patterns that we have tested to date.

Rising Three Methods Bullish

Today we test the Rising three methods bullish pattern. This is part of a series of tests we are conducting to measure the efficacy of candlestick patterns.

This is the description as per the Lit Wick website:

Rising three methods pattern - How to Identify it

• The first day is a long white day
• The second, third, and fourth days have small real bodies and follow a brief downtrend pattern, but stay within the range of the first day
• The fifth day is a long white day that closes above the close of the first day

As always when the term “Long” is used in the description, we will define “long” as a range that is greater than the 20 day moving average of range. When we test the pattern in a uptrend, we define uptrend as a close greater than the 50 day moving average and yesterdays 50 day moving average is greater than the prior days 50 day moving average.

We tested this pattern on every one of the S&P 500 stocks since 1990 and compared the performance results to the average 5 day move in all the S&P 500 stocks. The entry was at the open on the day after the Rising three methods pattern setup and the exit was at the open 5 trading days after entry.

This is what the Rising three methods candlestick pattern looks like.


Below is a picture of the Rising three methods pattern that has 3 consecutive lows on days 2,3,4 in between the 2 white bars on the 1st and 5th days

Below are the results of the Rising three methods , rising three method with uptrend and Rising three method with three consecutive lows, all of these patterns are at the bottom of the table in bold. Also as a comparison the average 5 day holding period of all the S&P 500 stocks and all the other candlestick patterns that we have tested to date.


The rising three methods is a pretty lousy bullish setup, all of the variations I tested for this pattern made significantly less money than any random 5 day hold in the S&P 500 stocks.

Dividend Yielding ETFs

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Make 26% in a week!!

Here are the short term trading setups that triggered for our subscribers last week.

Short term S&P trade made a 12.9pt profit! Out of the 18 short term trades in the past 2 years we made money on 15 trades for a total profit of 204.1 S&P points. These trades typically last 1-2 days long,

Ripe Trade Setups:

A long trade in TRMB for a 6.4% profit

A short in PTM for a 8.2% profit

A long trade in SD for a 9.7% profit

A total of 26% return for the week.

Year to date the “Ripe Trade” setup had 33 trades with 30 wins or a 91% win rate. The average trade made +3.1% , a $10,000 account would have compounded into $27,000

The Biggest win was 10.9% profit and the biggest loss was -6.6% . Below is an image of the Ripe Trade setup equity curve.

Year to date the “Sharpe Idea” setup had 73 trades with 65 wins or an 89% win rate. The average trade made +5.1%, a $10,000 account would have compounded into $276,000.

The biggest win was 19.4% and biggest loss was -4.8%

This compounded performance figure assumes that you are able to take these trades one after the other, however in real life sometimes the system has a cluster of trades that trigger during the same day. For example in March there was a period when about 20 positions triggered on the same day.

If we assume that we only take the 1^st 2 trades that hit on any given day, then the Sharpe Idea setup turns $10,000 into $50,000. Below is a chart that shows the equity curve.

Receive both the Ripe Trade and Sharpe Idea setup free by signing up for a trial, just choose the subscription option and go through the paypal sign up process, there isn’t any billing for 14days, if you aren’t impressed with the results cancel the subscription before the 14^th day and you don’t get charged a penny. After the 14^th day I give you a money back guarantee. Choose a subscription level here.

Check out our testimonials here.

Our pledge is to establish lasting relationships with our customers by exceeding their expectations and gaining their trust through exceptional performance.We are committed to providing the best and latest product offerings for online purchase. If you have any questions about our new products please do not hesitate to contact us. RipeTrade@gmail.com

Piercing Line Candlestick pattern

Today we test the Piercing line bullish pattern. This is part of a series of tests we are conducting to measure the efficacy of candlestick patterns.

This is the description as per the Lit Wick website:

Piercing line bullish - How to Identify it:

• First day is a long black day
• Second day is a white day with an open below previous days low
• Second days close is within but above the midpoint of the first days body

As always when the term “Long” is used in the description, we will define “long” as a range that is greater than the 20 day moving average of range. When we test the pattern in a down trend, we define downtrend as a close less than the 50 day moving average and yesterdays 50 day moving average is less than the prior days 50 day moving average.

We tested this pattern on every one of the S&P 500 stocks since 1990 and compared the performance results to the average 5 day move in all the S&P 500 stocks. The entry was at the open on the day after the Piercing line pattern setup and the exit was at the open 5 trading days after entry.
This is what the Piercing line candlestick pattern look like.

Below are the results of the Piercing line, Piercing line with a downtrend, piercing line with the 2nd day having a lower high than the prior day and piercing line with the 2nd day having a higher high than prior day, all of these patterns are at the bottom of the table in bold. Also as a comparison the average 5 day holding period of all the S&P 500 stocks and all the other candlestick patterns that we have tested to date.

The Piercing line pattern which has the 2nd white days high exceed the prior black days high is the most bullish with an average trade of .9% which is almost 3 times the amount of a typical 5 day holding period for any day.

Morning Star Bullish

Today we test the Morning star bullish pattern. This is part of a series of tests we are conducting to measure the efficacy of candlestick patterns.

This is the description as per the Lit Wick website:

Morning star bullish - How to Identify it:

• First day is a long black day

• Second day is a small day that gaps in the direction of the previous trend

• The third day is a white day

As always when the term “Long” is used in the description, we will define “long” as a range that is greater than the 20 day moving average of range. When we test the pattern in a down trend, we define downtrend as a close less than the 50 day moving average and yesterdays 50 day moving average is less than the prior days 50 day moving average.

We tested this pattern on every one of the S&P 500 stocks since 1990 and compared the performance results to the average 5 day move in all the S&P 500 stocks. The entry was at the open on the day after the Morning Star pattern setup and the exit was at the open 5 trading days after entry.
This is what the Morning Star candlestick patterns look like.


Below are the results of the Morning Star candlestick patterns, also as a comparison the average 5 day holding period of all the S&P 500 stocks and all the other candlestick patterns that we have tested to date.


The morning star bullish pattern performs better without the downtrend criteria.

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