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TraderRavi

MM is the holy grail
Also, on the daily, the USDINR seems to have a cup and handle pattern with the depth of the cup being about 5 Rs. If this pattern works out, then are we looking at USD @Rs. 60 ?? !!!!!!!

The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil.
As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.

Target = 56 + 5 = 61..........
 
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil.
As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.

Target = 56 + 5 = 61..........
are...........ravi....bhai...............ye tumne likha hai.................kya kisi mahan trader ki aatma....tumhare ander aa gayee..............:lol:......any way good job:clapping:
 

TraderRavi

MM is the holy grail
are...........ravi....bhai...............ye tumne likha hai.................kya kisi mahan trader ki aatma....tumhare ander aa gayee..............:lol:......any way good job:clapping:
aree nahi bhai....,pehle mene socha TP se hi puch lu , cup handle , phir socha googling kar lete hain......mil gaya to teep dala.....site ka naam kahin forum rule violation ki wajah se nahi diya.....:lol:
 

TraderRavi

MM is the holy grail
tel(crude oil) mein aag lag gayi re.....jo short mein honge gaye tel lene....

BTW aaj mere trades metals mein tel lene gaye hain......:mad:

according to TRPS system (TR Pappu System), sabhi metals short mein hain.....:lol::lol:
 
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