Stephen Bigalow Reviews 3

TrustScore 4 out of 5

3.9

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Company details

  1. Education Centre
  2. Alternative Financial Services
  3. Educational institution

Information provided by various external sources

Owner, Candlestick Forum. Free tutorials, videos, live trading room. Learn to read stock charts and make money trading using Japanese Candlesticks.


Contact info

3.9

Great

TrustScore 4 out of 5

3 reviews

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Rated 5 out of 5 stars

I am a new trader and have little monies to trade what is the best stock program can I buy including Bigalow’s trading overlay

Here it is, you can’t just use one indicator like Bigalow program, I needed to have TTP this program, which draws a ribbon under the prices and using Bigalow’s candlestick program and his 9 day moving averages.

It cost for this program $400.00 but you have to have MetaStock tool kit. You can’t trade from the chart it’s only a platform to do one’s analysis. $59.00 per month plus EOD data plus Bigalow candlestick program of $400+.

Let me be clear, 9 day EMA’s are too short of time for me to take a trade, so I increased it with a 20 day EMA and it capture all the trend highs! This was trading crypto! It keeps me in longer after a pull back in prices and there is always that!

Bigalow has a great course but focuses mostly on his subscription website. MetaStock is the platform that uses his system as a MetaStock add-on to scan many thousands of securities in a few seconds, to scan all securities for the best type candlestick trading.

You will get around 10-20 high trade stocks for the next days trading. I was a customer of Metastock for many years!

I checked all the volatile markets doing crypto charts for the past 12 months and the bigalow T-LINE set at my 20 day ma, using a different moving average from his 9 day verses my 20 day SMA.

It is the best tools I have ever used to date. MetaStock is expensive per month but they are not over medium of stock platforms across the world, some are much higher priced out there.

But those of you who are new to trading I would highly suggest this for you! I just wanted to show you all that it is an awesome setup. My wife is my biggest critic and she is in shock, that the program inside metastock can make huge profits!

I am a Swing Trader 7-30 days depending when the market that is rising, continues to rise but once prices closes and breaks through my 20 day to the downside, I get out!

Sometimes even before the prices close over the T-line I am ready to liquidate my positions, because, the stochastic oscillators is overbought and turning.

I go to the ten minute chart delayed pricing to see if it is still bullish or bearish. If it too is showing weakness then a no brainer out I go! All this can be done in 5-10 minutes a day after market closing.

The basic stochastic using Bigalow’s program would be used only to find overbought or oversold areas that show prices are ready to turn.

I don’t trade and make decisions based on the , unless both oscillator and the price bars whether overbought or oversold agree with one another! Always, at these extreme highs and lows, go to the 10 minute chart and see what it is telling you.

If you are overbought and prices are turning downward from area once it breaks t-line time to sell. Same goes for oversold areas on the oscillator, when prices turnaround from this situation and breaks out from the T-line to the upside, your probabilities will have you on the right side of the markets 85% of the time.

I tell you what the problem is when trading stocks, you have a good program and you start making monies! So, why does the trader not make as much, when it goes up a few dollars?

Unless you trade low power stocks at a dollar and up you will make money because you can afford more shares x the price.

But the problem is, no one tells a new trader that you need around $5000.00 to 10,000.00 to make it worth waiting for, so when a stock goes up $4.00 per share profit multiply the number of shares you own! The more shares the more money you make!

With the bigger account, actually $5-10,000 is a small account in the overall universe of stocks. If you purchase a $20.00 per share stock and it hits $25.00 x 50 shares you purchased = $1000.00 to purchase the 50 shares at the beginning.

Prices climbed to $25.00 per share your total with the 50 shares = $1250.00 remember you invested $1000.00 and you made a $250.00 profit in only a week or so.

Keep this in mind, they tell you trade as low as $5.00 but tell me, honestly, do you believe for a minute you will make thousands of dollars on a $50.00 account? The example above was just enough to keep the trader in profit!

The new traders who don’t have tons of money, no stock exchange clearing house will allow you to short any markets or buy and sell stock options! If you don’t believe me, try calling a broker!

All in all, read through MetaStock, even if you have a program already using, it doesn’t hurt to have another pair of eyes looking at the same things.

12 October 2022
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