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clintonfernando replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Doji means neutral. the open price & close price very close. We can make use to find the indicate reversal..
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clintonfernando replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Morning star appears after dark night which is a sign of bullish and can be bought above the days high and stop loss below the days low.
Evening star appears after a bright day which is a sign of bearish and can be sold below the days low and stop loss above the days high..
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clintonfernando replied to the topic Who should use candle stick analysis? What is the role of volume in candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
candle stick is for weekly basis it is useful for a short term trader..because volume helps to understand price movements easily..
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clintonfernando 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 8 years, 7 months ago
When the buyers are becoming aggressive consecutively at a point, which is spotted as higher top , the consecutive Higher top is termed to be known as Double Top..
conditions :
1.the duration should be 20 days
2.volume should be high in the second top
3.the price should go below the previous buying zone the we can create a short position
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clintonfernando replied to the topic What is rounding bottom / Cup pattern? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Rounding bottom/Cup pattern which is formed rarely only by the stronger hands of the company..
conditions :
Volume should be low
duration must be long term
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clintonfernando 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 8 years, 7 months ago
Triangle pattern is another price pattern for short term technical analysis. The pattern of waves which form in a Triangular manner is called Triangle pattern.
conditions :
5 Wave pattern should form a triangle shape.
Triangle break out expected at 70% of the zone.
It should take minimum 1.5 months to form triangle.
Volume traded should be high…[Read more] -
clintonfernando replied to the topic What is Double BOTTOM? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 8 years, 7 months ago
double bottom is the end form in a decline market..
condns :Two Equivalent Bottom..
Volume at Second bottom should be high..
Duration from one bottom to another should be about 20 Days..
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clintonfernando replied to the topic What is Double BOTTOM? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 8 years, 7 months ago
double bottom is the end form in a decline market..
condns :Two Equivalent Bottom..
Volume at Second bottom should be high..
Duration from one bottom to another 20 Days..
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clintonfernando 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 8 years, 7 months ago
The pattern is exactly opposite to the normal Head and Shoulder model..
Conditions for bullish trend : The volume should be high at left shoulder and low at right shoulder,The minimum duration for each pattern must be minimum one month..
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clintonfernando 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 8 years, 7 months ago
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The pattern is exactly opposite to the normal Head and Shoulder model..
Conditions for bullish trend :
The volume should be high at left shoulder and low at right shoulder.The minimum duration for each pattern must be minimum one month.
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clintonfernando replied to the topic Price Patterns in the forum Double Bottom / Double Top 8 years, 7 months ago
a price pattern is a recognizable configuration of price movement that is identified using a series of trend lines or curves… When a price pattern signals a change in trend direction, it is known as a reversal pattern, a continuation pattern occurs when the trend continues in its existing direction following a brief pause…
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clintonfernando replied to the topic Price Patterns in the forum Double Bottom / Double Top 8 years, 7 months ago
a price pattern is a recognizable configuration of price movement that is identified using a series of trend lines or curves. When a price pattern signals a change in trend direction, it is known as a reversal pattern; a continuation pattern occurs when the trend continues in its existing direction following a brief pause.
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clintonfernando replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 8 years, 7 months ago
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Price pattern help us to determine the trend..It also helps us to know when to buy and sell..
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clintonfernando replied to the topic How to determine the market trend using Dow Theory? in the forum Dow Theory in Practice 8 years, 7 months ago
to determine dow theory is it has higher top and higher bottom,Lower top and lower bottom..
When there is a higher top and higher bottom with high volume of buying then it is bullish market
When there is a lower top and lower bottom with high volume of selling then it is bearish market
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clintonfernando replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 8 years, 7 months ago
Dow theory is the first and foremost theory developed by charles dow.. it has been practiced to stock trading market to identify the demand and supply zone.
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clintonfernando replied to the topic What type of Charts Used, Minimum look up period, Duration of Trend forecasting for Dow Theory? in the forum Dow Theory in Practice 8 years, 7 months ago
line charts have been used to analyze dow theory. the minimum look up period is two years. and duration is for 3 months..
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clintonfernando replied to the topic When to buy and Sell using Dow Theory? in the forum Dow Theory in Practice 8 years, 7 months ago
In dow theory, we need to buy only during Higher Top & Higher Bottom with a higher volume movement during bullish trend..we need to sell only during Lower Top & Lower bottom with higher volume movement during bearish trend..
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clintonfernando replied to the topic What are the major critics against Dow Theory? How come it remains on top of any analysis? in the forum Dow Theory in Practice 8 years, 7 months ago
Dow Theory is Oldest Theory & Help has to Identify the Buyer zone and Supplier zone.It has been used for Long term Trading & Not Suitable for Short term Trading.It has a 56% Success Ratio and it is Proved…
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clintonfernando changed their profile picture 8 years, 7 months ago
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clintonfernando replied to the topic what are the Pro and cons of fundamental analysis? in the forum Understanding the Price Movement 8 years, 7 months ago
Pros – The advantages of fundamental analysis are it is more accurate,the decisions made according to fundamental analysis is always profitable.
Cons – More time involved to do analysis,It requires huge volume of data..
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