|
|
| Discuss Chart Science..... at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hello friends, I have been in the markets for 2 years now, there are a ... |
|
|||||||
| Notices |
| Technical Analysis Discussion of all the principles involved in technical analysis. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
17th May 2008, 11:24 AM
|
|||
|
|||
Chart Science.....
hello friends,
I have been in the markets for 2 years now, there are a few things about charts that i have learned, some formations that i have started to recognize, some patterns that are commonly traded by whoever is moving these markets. Now, i m going to discuss these beautiful formations with you and tell you what i think is happening out there....... I dont think reading charts means technical analysis. its just reading the data like you read the tape..... Appreciation and criticisms are invited, i m here to share and learn, not teach ! pls start from post no 12-13. dead links in beginning Last edited by the tape; 28th August 2008 at 04:32 PM. Reason: dead links 
|
|
#2
17th May 2008, 11:28 AM
|
|||
|
|||
Re: chart science.....
U R Welcome
|
|
#3
17th May 2008, 11:40 AM
|
|||
|
|||
Re: chart science.....
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
|
| The Following User Says Thank You to the tape For This Useful Post: | ||
trader111 (15th August 2008) | ||
|
#4
17th May 2008, 11:43 AM
|
|||
|
|||
|
Re: chart science.....
The size of the candles thet are surrounding the pipes are very small comparatively, which, i assume, means that the big players have decided ehich way to go !
|
|
#5
17th May 2008, 11:56 AM
|
|||
|
|||
|
Re: chart science.....
pipe bottoms in nifty. watch the surrounding candles again. this one actually reversed nifty.
http://img246.imageshack.us/my.php?image=fri12yr3.png
|
| The Following User Says Thank You to the tape For This Useful Post: | ||
trader111 (15th August 2008) | ||
|
#6
17th May 2008, 12:04 PM
|
|||
|
|||
|
Re: chart science.....
Quote:
|
|
#7
17th May 2008, 12:13 PM
|
|||
|
|||
|
Re: chart science.....
hello rkripal, pipe bottoms and tops are common chart formations that appear on charts. they are called pipe because, simple, they look like pipes. the formation is more meaningfull when the price tries to break out of the range. but faces resistance and comes back to the opening of first candle.
|
|
#8
17th May 2008, 12:30 PM
|
|||
|
|||
|
Re: chart science.....
Pipes are powerfull signal as i know they hold less amount of risk when you jump and trade them. you may find it difficult to recognize in beginning days but, if you keep studying them yu, ll know their pottential.
This one breaks the intraday low and comes back in. look at the following candles http://img215.imageshack.us/my.php?image=29eo7.png
|
| The Following User Says Thank You to the tape For This Useful Post: | ||
trader111 (15th August 2008) | ||
|
#9
17th May 2008, 12:30 PM
|
|||
|
|||
|
Re: chart science.....
Quote:
|
|
#10
17th May 2008, 12:50 PM
|
|||
|
|||
|
Re: chart science.....
That was ( big players had decided which way to go). If you get a bottom you go long because its a BOTTOM. plus lets talk about dumbs, there is always dumb money present in the markets. the money that is not smart is dumb. and if you are going to ask the market, " when i am going to buy, who is going to sell ?" u, ll never get the answer.
thanks for your interest, i know its a bit confusing for you right now but in next chart you are yourself going to recognize the formation yourself
|
| The Following User Says Thank You to the tape For This Useful Post: | ||
alex_laxya (2nd September 2008) | ||
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
