Chart Science.....

bjnaikhot · #41 18th May 2008, 07:39 AM

sorry to say, but i would love to keep it secret for now,infact i am working on a new indicator, which will identify pipes in progress..but still if someone actually understands piping and its sureshot potential with minimum risk can contact me,my cell no. 9925673239.

vvvv · #42 18th May 2008, 08:17 AM

Quote:

Originally Posted by bjnaikhot

sorry to say, but i would love to keep it secret for now,infact i am working on a new indicator, which will identify pipes in progress..but still if someone actually understands piping and its sureshot potential with minimum risk can contact me,my cell no. 9925673239.

if u want to keep things secret then why do u write abt it..thts called boasting..& when sum1 asks u sumthin u give explanations which are found in most text books.the same thing i have seen for ur stochastics explanation...thee are a lot of other people who wants to keep things secret but i havent found them boasting abt their accomplishments...& wht u r discussing is actually not helpin any1..no1 is asking u reveal ur code..but u dont even give any1 a sense of direction to work thins out for themselves..as far as ur blog goes,, i had to search for sumthin meaningful abt sochastics & it was sumthing ull find it on the net very easily..so pls give us sumthing to work on.

bjnaikhot · #43 18th May 2008, 12:24 PM

first, i have just started to write something on stochastics,,,,i want to know how far some other technician has gone into the deapth of stochastics,,i think you seem tobe in a hurry !!!.n how can you say there is no hint given??,i said , i have developed a code that works in metastock and in afl, to find piping in process,,is it not a clear hint ,that a formula/an explorer is possible ??,,and about stochastics,just show me A book which says,that stochastic is THE BEST,,and also show me any writing that says,one DOESNOT EVEN NEED TO USE ANY OTHER INDICATOR AND ONLY STOCHASTICS IS ENOUGH,,,...though i welcome your comments..

the tape · #44 18th May 2008, 01:47 PM

This was a pretty big pipetop in indiabulls ( A )

The candles in consolidation ( B ) are also supportive as they are smaller in size.

But,

Look at Volume it took for the bulls to take the stock in opposite side of the pipe closing ( V ).

And the biggest volume came in the smallest bar suggesting a squeeze

http://img241.imageshack.us/my.php?image=ibullsff9.png

the tape · #45 18th May 2008, 01:54 PM

Unitech takes pipesupport for a continuation rally.

http://img183.imageshack.us/my.php?image=unitechmj8.png

ARMHM · #46 18th May 2008, 02:09 PM

Quote:

Originally Posted by the tape

Unitech takes pipesupport for a continuation rally.

http://img183.imageshack.us/my.php?image=unitechmj8.png

Hi Tape
I think there is some mistake in unitech chart. Have a second look

the tape · #47 18th May 2008, 03:15 PM

ARMHM

whats the mistake ?

ARMHM · #48 18th May 2008, 03:32 PM

Quote:

Originally Posted by the tape

ARMHM

whats the mistake ?

Tape
Sorry. Nothing is wrong. I thought the chart was for 16th May 2008.

the tape · #49 18th May 2008, 03:55 PM

This chart of nifty now, has two pipe bottoms.

A is not actually a pipe bottom. though it exactly looks like one, but, if you see closely, after the formation of the pipe on candle no 15 ( A ) THE PRICE DOES NOT CONSOLIDATE, IT KEEPS MOVING. the size of the following candles does not shrink

And then when you see ( B )!. its a perfect pipe bottom. just look at the size of the following candles ( specially bodies ) they are relatively very small

Result was a quick up move !

http://img262.imageshack.us/my.php?image=57me2.png

the tape · #50 18th May 2008, 04:25 PM

Nifty !

http://img135.imageshack.us/my.php?image=thurs6gh2.png

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