Trading with EMA, Stochastic and Patterns.

[humble]

Hi Friends,

I think, we have a rounding top pattern in the Mini Nifty Futures, with the 30 min TF. If Mini Nifty Futures does not go below ~4400 [in which case the pattern would get negated], i think we can expect a strong upmove.

More information on Rounding Tops can be found here.

Regards,
-Sri

 

[humble]

Since Feb - March 2009, i.e 28th Feb, 2nd March and 3rd March, we have never had "3" -ve days on a roll .

For the last 3 days we had this again. Tomorrow would be an extremely interesting day!!!.

-Sri

 

[columbus]

Since Feb - March 2009, i.e 28th Feb, 2nd March and 3rd March, we have never had "3" -ve days on a roll .

For the last 3 days we had this again. Tomorrow would be an extremely interesting day!!!.

-Sri

Yes, after studying lot of yester years data, myself and Sunil hypothized that
Sensex will not lost for 6 days in a row.(That means POSITIVE on sixth day).
But we were proved WRONG in November 2008 because sensex lost for 7 days
in row.
In this year JAN also ,it lost for 5 days then gained for a day and then lost.

 

[humble]

Important set of Fibonacci numbers for Mini NF:

From July 13th 2009 low to August 3rd 2009 high:
Low : 3911
High: 4733

38.2% : 4419 [Yet to breach this level on a EOD closing basis.]
50% : 4322
61.8% : 4225

Let's see where Mini NF stops .

-Sri

 

[rajatheroyal]

Yes, after studying lot of yester years data, myself and Sunil hypothized that
Sensex will not lost for 6 days in a row.(That means POSITIVE on sixth day).
But we were proved WRONG in November 2008 because sensex lost for 7 days
in row.
In this year JAN also ,it lost for 5 days then gained for a day and then lost.

This research based on statistical data is called data mining.We just need the %.Say u know the % of times sensex makes 7 th down day say its less than 10% then u can utilize that.Ofcourse stops willbe hit,but overall ull be profitable.(Hoping that the history to repeat itself)

 

[humble]

Important set of Fibonacci numbers for Mini NF:

From July 13th 2009 low to August 3rd 2009 high:
Low : 3911
High: 4733

38.2% : 4419 [Yet to breach this level on a EOD closing basis.]
50% : 4322
61.8% : 4225

Let's see where Mini NF stops .

-Sri

4419 was breached twice today but mini NF literally leaped out of this level.

Another interesting pattern for tomorrow: Inverted H&S on 15 min TF. NeckLine ~4510, Head ~4395, Negation 4420.

Also the rounding top is perfectly in place.

Let's see what mini NF has in store for tomorrow.

-Sri

 

[humble]

4419 was breached twice today but mini NF literally leaped out of this level.

Another interesting pattern for tomorrow: Inverted H&S on 15 min TF. NeckLine ~4510, Head ~4395, Negation 4420.

Also the rounding top is perfectly in place.

Let's see what mini NF has in store for tomorrow.

-Sri

Pattern Negated :annoyed: .

-Sri

 

[sam_chinks]

Hi guys, been long i'v been to this great site. Now i guess is d time to update d basics again. M posting two daily charts as attachments, plz see the trendline i drawn is correct or not. M kinda confused with the trendline in these head and shoulder candidates.
Plz enrich my trading with ur feedback,even if sumone can reply with his updates or corrections on the same charts,dat will b great. Dnt forget to attach d file or chart pic in which u made ur correction.

Thanks......................

 

[sibumajumdar]

4419 was breached twice today but mini NF literally leaped out of this level.

Another interesting pattern for tomorrow: Inverted H&S on 15 min TF. NeckLine ~4510, Head ~4395, Negation 4420.

Also the rounding top is perfectly in place.

Let's see what mini NF has in store for tomorrow.

-Sri

Dear Brother,

Kindly tell me what is mean by NEGATION & its importance/significane. Pardon me for this silly ?........SM

 

[humble]

Dear Brother,

Kindly tell me what is mean by NEGATION & its importance/significane. Pardon me for this silly ?........SM

Hi SM,

Ideally while looking out for patterns, you need to prepare yourself for the trade.

Incase of Inverted head and shoulder pattern, that i had mentioned the second shoulder was not yet completed and was still getting formed i.e the second shoulder had to yet reach the neckline.

If at all the price had gone up and reached the neckline it would have completed the Inverted Head and Shoulder pattern. But the price went below the second shoulder which negated the pattern. So the "Negation" was a price below the second shoulder.

I hope I am clear. Let me know if you have any other question.

Regards,
-Sri