Trading With Chart Pattern

sriramvr · #**151** 9th June 2008, 08:57 PM

Quote:

Originally Posted by mahesh2007

First of all thanks Nick for confirming the candle.

Regarding H&S pattern, according to Edwards & Magee,
one third of all H&S formations have more volume on left shoulder than head,another one third have equal volume on both head and shoulder, and remaining one third have greater volume on the head than the left shoulder.
So all options have equal probability ie 1/3.

what is more imp is volume at right shoulder that should be lesser than LS and H so that probability of breaking down of neck line shall be higher.

regards

thanks sir

mahesh2007 · #**152** 21st June 2008, 08:49 AM

descending triangle formation in ICICI bank.
breakdown expected.
decreasing RSI and volume are threat for fizzling out of the trend.

rajatheroyal · #**153** 30th June 2008, 01:36 AM

triangle breakout in gold futures.(sorry if i am wrong because iam new to technical analysis)

savio · #**154** 30th June 2008, 03:03 AM

Quote:

Originally Posted by soumya_b

another one 4 u....

Hi soumya_b,

I Would like to read about the target price for both methods you are showing in your Images.

Could you please direct me to any article about that?

All the best

goyaltraderz · #**155** 3rd July 2008, 11:37 AM

hi can u tell me which software did u use for the Gold triangle explanation

rajatheroyal · #**156** 5th July 2008, 05:49 AM

There is a head and shoulder forming in sunpharma.Get ready to short with me.

CrossfireX · #**157** 6th July 2008, 11:45 AM

Quote:

Originally Posted by rajatheroyal

There is a head and shoulder forming in sunpharma.Get ready to short with me.

it's approaching RSI 70

goyaltraderz · #**158** 8th July 2008, 01:36 AM

also found good trading calls through chart pattern on commodities, ewtrading.blogspot.com

rajatheroyal · #**159** 8th July 2008, 07:55 PM

Head and shoulder seen in Lupin.I think now because there is no stamina left in the stocks to fall further so the bears are heading towards pharma industry. It is also interesting that the Bse Hc is also showing a sign of head and shoulders.

rajatheroyal · #**160** 9th July 2008, 09:21 AM

Quote:

Originally Posted by goyaltraderz

hi can u tell me which software did u use for the Gold triangle explanation

Dear goyal
i use metastock for all my EOD analyse but as the realtime data is a little costly i use i charts which is much cheaper(350 rs per month). they also provide commodity , stocks and indices futures for all three months.

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