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| Discuss Pattern Trading at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by aca_trader I would suggest following the stock instead of booking partial profits. ... |
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#221
13th February 2007, 11:34 AM
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Re: Pattern Trading
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Praveen. 
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#223
13th February 2007, 10:30 PM
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Re: Pattern Trading
Quote:
Thanks for your suggestions. I really want to learn more. Some Topic to start with? Further, Can I request you to please add some value to my poor self? Thanks once Again. Best Regards, --Ashish
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#224
15th February 2007, 07:46 AM
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Re: Pattern Trading
Ashish,
Is BILT , a Ascending Broadening Wedge".Your observations are awaited. Regards Asish Last edited by uasish; 4th June 2008 at 09:12 AM.
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#225
15th February 2007, 08:28 AM
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Re: Pattern Trading
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The pattern may be considered as a brodening formation but most of the area covered by it is white space which casts a very dark shadow on reliability of pattern. Best Regards, --Ashish
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#228
15th February 2007, 11:30 AM
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Re: Pattern Trading
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Best Regards, --Ashish
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#229
15th February 2007, 12:03 PM
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Re: Pattern Trading
Quote:
About the ascending brodening wedge, I do not consider such loose patterns as patterns at all. A pattern in except a few cases, an interplay of trendlines and I prefer to draw those trendlines within the immediate pivotal ranges and not beyond that. However, sometimes such loose patterns may be valid in which case, it's preferable to go to higher periodicity chart and check if the loose pattern on daily charts is a valid pattern on weekly charts. If such pattern is not visible on high periodicity, it's better to avoid them. Best Regards, --Ashish P.S. :-- A chart of SESA GOA with various patterns is attached.
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