Hawkeye Wide Bar

Wide BarThe Hawkeye Wide Bar (PaintBar) signals the occurrence of a wide-ranging bar signifying a volatile trading period.

Do not enter a trade on a Hawkeye Wide Bar. Wait until the next bar.

For Uptrend:  If the close of that bar is greater than the high of the Wide Bar then enter.  If not, wait. Look for a Hook Pattern before entering.

For Downtrend:  If the close of that bar is lower than the Low of the Wide Bar, then enter. If not, wait. Look for a Hook Pattern before entering.

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Highlights

  • Hawkeye Volume Radar
    A major market reversal is the conversion of an overall uptrend into an overall downtrend, or vice versa.  It is always a bottom or top. 

Disclaimer

*Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of uture results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

 The Hawkeye Trading Room is provided for informational and educational purposes only and should not be construed as investment advice. You should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. Factual statements in this web page are made as of the date stated and are subject to change without notice.