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Play With Candle Sticks

Discuss Play With Candle Sticks at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by kindman SWAGAT MY DEAR... WHO IS WRONG?? ME OR YOU?? EXPLANATION OF ...


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  #11  
Old 2nd September 2007, 01:17 PM
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Default Re: Play With Candle Sticks

Quote:
Originally Posted by kindman View Post
SWAGAT MY DEAR...

WHO IS WRONG?? ME OR YOU??
EXPLANATION OF DOUBLE TOP

For a double top,
prices rise to a certain level and then retreat because the supply outstripped the demand at that level.
If prices rise again to the level at which they retraced before, it is called a double top.
If prices continue to carry through that level, a double top breakout is recognized by our alert system.
The double top breakout alert implies that the buyers are now creating more demand than there is supply at the level of the double top and we have a breakout

SEE MR SWAGAT DONT EXPECT MORE REPLY FROM ME....
My reply to ur question lies in my firts post itself. U need to read more on DT .

if ur interested then here is the link
http://stockcharts.com/school/doku.p...e_top_reversal

For other newbies who are watchin this thread pls go thru the above link.


And lastly cut the Caps.
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  #12  
Old 2nd September 2007, 01:39 PM
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Default Re: Play With Candle Sticks

Swagat You Are Correct....

Mistake Is Mine.... I Have Read The Link...

Thanks For Ur Comment....
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  #13  
Old 2nd September 2007, 01:46 PM
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Default Re: Play With Candle Sticks

Quote:
Originally Posted by kindman View Post
Swagat You Are Correct....

Mistake Is Mine.... I Have Read The Link...

Thanks For Ur Comment....
Ur welcome
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  #14  
Old 2nd September 2007, 01:50 PM
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Default Re: Play With Candle Sticks

Quote:
Originally Posted by prabhjeetrana View Post
kindman i think what swagat is pointing out makes sense. A Double top is formed when price reaches the level of previous top and retrace back fom there but in your chart the price has not retraced back from the previous top , instead they have gone straight through it, so that means its a single top and not double top

DOUBLE TOP BREAK OUT DEFINITION + CHART

SEE U CAN SEE DOUBLE TOP = X
Attached Images
File Type: jpg DOUBLETOPBREAKOUT.JPG (47.6 KB, 68 views)
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  #15  
Old 2nd September 2007, 02:37 PM
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Default Re: Play With Candle Sticks

Quote:
Originally Posted by kindman View Post
DOUBLE TOP BREAK OUT DEFINITION + CHART

SEE U CAN SEE DOUBLE TOP = X
LOL, the double top breakout you speak about is for a point and figure chart, not for a bar chart.
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  #16  
Old 2nd September 2007, 03:29 PM
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Question Re: Play With Candle Sticks

sub: nifty

it seems nifty is reaching a strong overbought stage and waits for a correction.Friday"s run up with lower volume may end up in a higher opening and sell off on Monday



edakat
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  #17  
Old 2nd September 2007, 03:43 PM
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Default Re: Play With Candle Sticks

Candlestick charting has NO target. Its just patterns for reversal/continuation etc. Other forms of TA has targets etc.
btw I am quoting Steeve Nison. If you have any better source, please quote and we can discuss.
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  #18  
Old 2nd September 2007, 05:06 PM
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Default Re: Play With Candle Sticks

You wanna play with candlesticks. LMAO
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  #19  
Old 2nd September 2007, 06:29 PM
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Default Re: Play With Candle Sticks

Friends ....

You Can Also Paste Some Candle Stick Patterns....

Plzz Comeonn....

We Will Discuss....
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  #20  
Old 2nd September 2007, 06:31 PM
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Default Re: Play With Candle Sticks

Quote:
Originally Posted by amitt29 View Post
You wanna play with candlesticks. LMAO
Ha ha ha

ss
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