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Pattern Trading

Discuss Pattern Trading at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by uasish Ashish, I may sound thetrical stating "All Religions leads to the ...


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  #351  
Old 18th April 2007, 09:52 AM
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Default Re: Pattern Trading

Quote:
Originally Posted by uasish View Post
Ashish,
I may sound thetrical stating "All Religions leads to the Almighty".See now how will the "Disbeliver of Pattern Trading" negate this ? The basic reason why these "TA Disbeliver" chant on is becoz they can't code these "Patterns" as Signals & do Backtesting,hence they outrightly denounce this Viatal branch of TA.Same thing for Elliot Wave .

Asish
At the end of the day, money matters. It has no colour (Forget Black & White).
BTW, backtesting of patterns can also be done as illustrated by Thomas Bulkowaski but it is a very lengthy process instead of the button click backtesting of other trading ideas.

Best Regards,
--Ashish
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  #352  
Old 18th April 2007, 06:32 PM
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Default Re: Pattern Trading

Hi Ashish,

Is there any pattern forming in Orchid Chem??

Plz Suggest.

Regards,
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  #353  
Old 18th April 2007, 10:04 PM
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Default Re: Pattern Trading

Quote:
Originally Posted by Luckytrader View Post
Hi Ashish,

Is there any pattern forming in Orchid Chem??

Plz Suggest.

Regards,
Orchid Chem had a breakout from Rounding bottom. It's in pullback mode.

Best Regards,
--Ashish
Attached Images
File Type: png OrchidChem_RoundingBottom.png (15.6 KB, 52 views)
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  #354  
Old 18th April 2007, 11:47 PM
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Default Re: Pattern Trading

Head & shoulders on hrly HDFC
is it ?

Ajax

Last edited by Ajax; 22nd October 2008 at 10:55 PM.
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  #355  
Old 19th April 2007, 01:04 PM
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Default Re: Pattern Trading

Quote:
Originally Posted by aca_trader View Post
Orchid Chem had a breakout from Rounding bottom. It's in pullback mode.

Best Regards,
--Ashish
Thanx friend.

Regards,
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  #356  
Old 19th April 2007, 02:00 PM
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Default Re: Pattern Trading

G.E.Shipping

Isn't there is a Break-Out from its resistance level ???

Last edited by Luckytrader; 17th January 2008 at 08:11 PM.
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  #357  
Old 19th April 2007, 08:54 PM
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Default Re: Pattern Trading

Quote:
Originally Posted by Luckytrader View Post
G.E.Shipping

Isn't there is a Break-Out from its resistance level ???
Volumes not so impressive, so can be a false breakout. I would not confirm untill Higher Pivot Low has not been formed.

Raj
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  #358  
Old 25th April 2007, 10:04 PM
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Default Re: Pattern Trading

Hi guys... Has a "falling wedge" pattern occurred in Ramco Systems?
Volumes have most definitely soared.
Traderji-RamcoSystems-25-04-07.JPG

Ayan
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  #359  
Old 26th April 2007, 07:31 PM
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Default Re: Pattern Trading

Quote:
Originally Posted by thegreatad View Post
Hi guys... Has a "falling wedge" pattern occurred in Ramco Systems?
Volumes have most definitely soared.
Attachment 4757

Ayan
Nice find Ayan. What would be ur call on this one. Do u wait for a pullback for entry or enter with a strict SL

Raj
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  #360  
Old 29th April 2007, 03:32 PM
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Default Re: Pattern Trading

Quote:
Originally Posted by thegreatad View Post
hi rajesh....since the company is in a downtrend for so long there is a high probability of a pullback. I would wait to see whether the breakout is for real or not. I would buy only when it crosses its recent high of 180.

Ayan
Nice way to think Ayan. Even I would do the same. I wont enter unless the trend is confirmed coz u can see lot of false breakouts

Raj
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