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Ashw replied to the topic What is piercing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 4 months ago
Piercing pattern is a trend reversal pattern.
Conditions:
Should cover atleast half the body of the previous candle.
The body should cover the previous high/low.
Should appear in a trend. -
Ashw replied to the topic What is inverted Head and Shoulder? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 4 months ago
Rapid accumulation pattern
Price above neckline.
High volume on the left shoulder.
3 months minimum for the pattern formation.
Head is the highest. -
Ashw replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 7 years, 4 months ago
Buy: When the pattern gets fully completed along with the volume pattern requirements.
Sell: 1 time the risk taken. -
Ashw replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 7 years, 4 months ago
Dow theory only helps us understand the demand and supply via trends.
Price patterns help us understand what is actually happening in the market. -
Ashw replied to the topic What is Double TOP? What are their conditions to determine the bearish trend? in the forum Price Patterns and its characteristics 7 years, 4 months ago
Equivalent tops.
1 month gap between the tops
High volume after the second top
Breakout of the previous bottom. -
Ashw replied to the topic What Should be Entry,Exit &Stop loss prices for triangle pattern – long position in the forum Stock market questions and answers 7 years, 4 months ago
Entry: Highest point of the triangle.
Exit: 1 time the risk taken.
S.L: Lowest point of the triangle. -
Ashw replied to the topic What is triangle pattern? What are the conditions to qualify as perfect triangle? in the forum Price Patterns and its characteristics 7 years, 4 months ago
Triangle pattern is formed by joining previous 2/3 tops and bottoms of the price by straight lines. Volume should be high just before or during the breakout of the triangle.
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Ashw replied to the topic What is Head and Shoulder? What are their conditions to determine the bearish trend? in the forum Price Patterns and its characteristics 7 years, 4 months ago
Head and shoulder is a distribution pattern.
1) Head must be highest point
2) Volume must be high in left shoulder
3) Price should go below the neckline which is used to join the bottoms of the head and shoulders. -
Ashw replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 4 months ago
Price patterns are used to identify what is actually happening in the market and to make money out of the understanding.
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Ashw replied to the topic What Should be Entry price, Exit Price and Stop loss for Cup Pattern in the forum Stock market questions and answers 7 years, 4 months ago
Entry price: When the trend becomes bullish after bottoming up.
Exit price: 1 time the risk taken.
S.L: Bottom of the cup. -
Ashw replied to the topic What Should be Entry price, Exit Price and Stop loss for Head & Shoulders in the forum Price Patterns and its characteristics 7 years, 4 months ago
Entry price: The point below the neckline.
Exit price: 1 time the risk taken
S.L: Right shoulder. -
Ashw replied to the topic What Should be Entry price, Exit Price and Stop loss for Double top in the forum Stock market questions and answers 7 years, 4 months ago
Entry: Breakout point of the previous bottom.
Exit: 1 time the risk taken.
S.L: Previous bottom. -
Ashw replied to the topic What Should be Entry price, Exit Price and Stop loss for Double Bottom in the forum Stock market questions and answers 7 years, 4 months ago
Entry: Breakout point of the highest of the previous two bottoms.
Exit: 1 time the risk taken.
S.L: Previous bottom. -
Ashw replied to the topic What Should be Entry price, Exit Price and Stop loss for Inverted Head&shoulders in the forum Stock market questions and answers 7 years, 4 months ago
Entry price: The point after the breakout of the neckline.
Exit: 1/1.5 times the risk taken.
S.L: The length of the right shoulder. -
Ashw replied to the topic What Should be Entry,Exit &Stop loss prices for triangle pattern – Shor position in the forum Stock market questions and answers 7 years, 4 months ago
Entry- Breakout above/below the highest/lowest point of the triangle.
S.L- Lowest point of the triangle if the highest point id the entry. Highest point of the triangle if the lowest point is the entry.
Exit- 1/1.5 times the risk taken. -
Ashw replied to the topic Which chart types are suitable for understanding Price patterns namely CUP, Flag in the forum Stock market questions and answers 7 years, 4 months ago
Line chart- Cup, H.S, D.B, D.T
Candlestick chart- Flag and Triangle -
Ashw replied to the topic Since dow theory is only to find the trend, cant we keep target and stop loss? in the forum Stock market questions and answers 7 years, 4 months ago
Yes, we can keep target and stop loss depending on our risk appetite and understanding a proper HT HB LT LB pattern and breakout point along with volume.
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Ashw replied to the topic How to determine the market trend using Dow Theory? in the forum Dow Theory in Practice 7 years, 4 months ago
By studying the high-top high-bottom low-top low-bottom patterns along with volume
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Ashw replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 7 years, 4 months ago
An approach to trading by understanding the demand and supply. Founded by Charles H. Dow.
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Ashw replied to the topic When to buy and Sell using Dow Theory? in the forum Dow Theory in Practice 7 years, 4 months ago
BUY: When the price follows a consecutive pattern of high-top high-bottom high-top high-bottom and when it crosses previous high/breakout point accompanied by a spike in volume before it.
SELL: When the price follows a consecutive pattern of low-bottom low-top low-bottom low-top and when it crosses previous low/breakout point accompanied by a…[Read more]
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