Chart Science.....

alex_laxya · #**161** 12th September 2008, 11:20 PM

Quote:

Originally Posted by the tape

these links suck ! any other way to post image ! pls tell

hi pipemaster,

, buddys here for, go on imagevenue.com,can upload 10 images at a time,
or on image shack,at bottom there is plus mark,(under advance option tag),click it, there will be red link 'do not use for forum', as a true indian use it

,
p.s. if doing this wrong leme knw also

the tape · #**162** 20th September 2008, 10:49 PM

Hi there !

If you look closely, you will notice that these are swing highs.AND THIS is a swing rally. the price is moving in control.

So green candles have broken consecutive highs + green is dominating now.

Any nearest swing low can be used as STOP to enter a long. NEVER TRADE THE STOP.

the tape · #**163** 22nd September 2008, 08:18 PM

robin_malihan · #**164** 22nd September 2008, 09:18 PM

I think chart says it all with vol

Robin

columbus · #**165** 22nd September 2008, 09:54 PM

Earlier I was writing about STRETCH effect ,which you can see in these charts ,because the X-axis is pulled thereby the effect of Y-axis is not fully felt.No problem with the charts ,absolutely.

Satyen · #**166** 24th September 2008, 01:02 AM

Hi tape i am attaching a chart with my veiw ... can we consider the market openings exactly at previous pivot/resistance level for any kind of reversal

may be this a sily question or not related to the thread but need your comments

Regards
Satya

the tape · #**167** 24th September 2008, 11:50 AM

Quote:

Originally Posted by satya_pinku2003

Hi tape i am attaching a chart with my veiw ... can we consider the market openings exactly at previous pivot/resistance level for any kind of reversal

may be this a sily question or not related to the thread but need your comments

Regards
Satya

Hi satya !

Its a good observation of yours, pointing out a resistance level, as you said, market is either moving below that level or just able to touch it.

It looks like you have posted a hourly chart, which is or should be used for positional trading mainly. My knowledge on positional is not much but as far as intraday is concerned, finding these type of entries can be hugely rewarding, as on 5 min basis, The R/R ratio is very favorable, therefore bigger moves can be played by hiding the stop above such levels ( in short position )

HEM · #**168** 24th September 2008, 12:17 PM

Quote:

Originally Posted by the tape

this is the chart of 5 min essar oil (intraday) . Perfect example of pipe bottoms formation.
Look at candles no 14 and 15.

http://img527.imageshack.us/my.php?i...5741323qj0.png

hello tape,
i am not able to see chart from this link (http://img527.imageshack.us/my.php?i...5741323qj0.png ).that link is not working. please tell me how i can see chart from this link.

the tape · #**169** 24th September 2008, 12:27 PM

Quote:

Originally Posted by HEM

hello tape,
i am not able to see chart from this link (http://img527.imageshack.us/my.php?i...5741323qj0.png ).that link is not working. please tell me how i can see chart from this link.

Hi HEM !

I mistakenly deleted some of the images that were posted earlier. Please ignore these links. The thread is full of pipe bottoms and tops. checkout the recent ones.

Czar · #**170** 25th September 2008, 07:46 PM

Ahem... dow... bow wow [IMG]

[/IMG]

The Following User Says Thank You to alex_laxya For This Useful Post:
the tape (13th September 2008)

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