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Trading With Chart Pattern

Discuss Trading With Chart Pattern at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; dear friend, can u please guide me on how to upload pic, image? because the ...


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  #111  
Old 1st May 2008, 10:34 PM
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Default Re: Trading With Chart Pattern

dear friend,

can u please guide me on how to upload pic, image? because the limitation is 100kb. even when i try to zip the file using winrar, it does not get compressed much. i save charts using fibotrader.

regards,

nick
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  #112  
Old 1st May 2008, 11:51 PM
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Default Re: Trading With Chart Pattern

Quote:
Originally Posted by nick721156 View Post
dear friend,

can u please guide me on how to upload pic, image? because the limitation is 100kb. even when i try to zip the file using winrar, it does not get compressed much. i save charts using fibotrader.

regards,

nick
Open the picture in paitbrush, save it in PNG format. & upload it here.
it will reduce the file size, but picture size & quality will be almost same.
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  #113  
Old 2nd May 2008, 09:57 PM
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Default Re: Trading With Chart Pattern

Quote:
Originally Posted by omkarmango View Post
Open the picture in paitbrush, save it in PNG format. & upload it here.
it will reduce the file size, but picture size & quality will be almost same.
dear omkarmango,

thanks for the guidance. i shall follow your instructions.

regards,

nick
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  #114  
Old 2nd May 2008, 10:26 PM
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Default Re: Trading With Chart Pattern

dear friends,

is the attached image forming inverted H&S pattern? it has been in sideway trend after downtrend. volume justifies the pattern.
please correct me if i am wrong.

regards,

nick

Last edited by nick721156; 11th June 2008 at 09:34 PM.
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  #115  
Old 4th May 2008, 08:37 PM
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Default Re: Trading With Chart Pattern

yes, it looks like head & shoulder. you can buy the breakout above neckline.
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  #116  
Old 4th May 2008, 09:12 PM
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Default Re: Trading With Chart Pattern

Quote:
Originally Posted by nick721156 View Post
dear friends,

is the attached image forming inverted H&S pattern? it has been in sideway trend after downtrend. volume justifies the pattern.
please correct me if i am wrong.

regards,

nick
Dear Nick
Your pattern truly looks like an inverted HNS one...but it fails to qualify one vital criteria of any HNS pattern. That is volume on the left shoulder should be the highest...followed by that on the head and finally by that on the right shoulder. On the contrary, here, volume below the left shoulder is the lowest and that below the right shoulder is the highest.

Anyway, the stock will most prob move upward due to breakout of the double top resistance line on high volumes. You can trade this counter keeping SL on the blue horizontal line u've drawn.
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  #117  
Old 18th May 2008, 11:31 AM
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Default Re: Trading With Chart Pattern

dear friends,

is it an inverted H&S pattern? if so min target=225. volume though less, in line with inverted H&S pattern. please clarify.

regards,

nick

Last edited by nick721156; 11th June 2008 at 09:34 PM.
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  #118  
Old 19th May 2008, 04:39 PM
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Default Re: Trading With Chart Pattern

i am attaching three charts here, please comment on the chart formations.

CESC -- is this Head & Shoulder Pattern, i think the volume negates the pattern, still your comments would be appreciated.

DISH TV -- is this flag pattern the big bullish candle does that qualify as pole of the flag.

HCC -- is this inverse Head & Shoulder pattern, i know that the price has fallen from the neckline, still wanted to clear my doubt.

thank you in advance.
Attached Images
File Type: png HCC.png (17.2 KB, 26 views)
File Type: png DISHTV.png (19.6 KB, 25 views)
File Type: png CESC.png (19.3 KB, 18 views)
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  #119  
Old 21st May 2008, 11:45 PM
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Default Re: Trading With Chart Pattern

dear friends,
in unitech H&S pattern is forming. please comment on it. want to learn.

regards,

nick

Last edited by nick721156; 11th June 2008 at 09:34 PM.
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  #120  
Old 22nd May 2008, 12:11 AM
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Default Re: Trading With Chart Pattern

Quote:
Originally Posted by xman_in View Post
i am attaching three charts here, please comment on the chart formations.

CESC -- is this Head & Shoulder Pattern, i think the volume negates the pattern, still your comments would be appreciated.

DISH TV -- is this flag pattern the big bullish candle does that qualify as pole of the flag.

HCC -- is this inverse Head & Shoulder pattern, i know that the price has fallen from the neckline, still wanted to clear my doubt.

thank you in advance.
dear friend,

CESC : in my view, to qualify as H&S pattern, first, trend should be up and not down.
DISH TV : flag is a continuation pattern. in your case it is breaking out up i.e. giving a sort of reversal pattern. although volume more or less justifies it, the flag is longer than it should have been. normally flag should take less than 3- weeks whereas here it is taking more than that. so may not qualify as flag.
HCC : it is in the first instance. however, as price is again falling through the neckline, it may be considered as failed inverted H&S pattern.

these all are my views. others please correct if i am wrong.

regards,

nick
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