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Ayyasamy muthukumar replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Using candle stick analysis ,forecasting can be done for a week time.
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Ayyasamy muthukumar 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 analysis is useful for short term traders.
Volume indicates the trend reversal.
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Ayyasamy muthukumar 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
After a significant rally if doji(NEUTRAL)appears,is called evening star.it shows Bearish trend,we should sell after its price goes below the previous day low.
After a significant fall,if doji appears ,is called morning star,it shows bullish trend,we should buy after its price go above the previous day high.
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Ayyasamy muthukumar 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 8 years, 7 months ago
Piercing pattern can be identified by candle stick analysis
Conditions :
Today’s body should cover previous day low
Today’s body should cover at least 50% mark of previous day body.
The upper tail should not be very big.
Normally volume will increase on piercing day.
Buy when the next day price go above the last two days high
Sell when…[Read more]
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Ayyasamy muthukumar started the topic in the forum Price Patterns and its characteristics 8 years, 7 months ago
Price patterns are the indicators for the share trading,they are the one shows the price movements and it’s trend.
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Ayyasamy muthukumar replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Dow theory cannot be used short term Trading because it shows only demand and supply not the price movements.
But price patterns shows the price movements and clear entry & exit points.
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Ayyasamy muthukumar replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Bullish patterns for buying:
1.double bottom pattern
2.cup pattern
3.flag pattern.
4.head and shoulder bottom
Bearish pattern for selling
1.double top
2.head and shoulder top
All the above patterns should be confirmed with their conditions before taking the decision of buying or selling.
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Ayyasamy muthukumar replied to the topic Price Patterns in the forum Double Bottom / Double Top 8 years, 7 months ago
Price patterns:A trend can be detected by connecting the prices on the price chart.
It is used in stock technical analysis for predicting future price movements.
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Ayyasamy muthukumar 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
Inverted head and shoulder is also called head and shoulder bottom.
Conditions:
*There should be an major down trend before this pattern.
*left shoulder volume highest indicating the selling pressure.
*head with high volume.
*right shoulder with reasonable volume and also after the neckline.
*long positions to be considered
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Ayyasamy muthukumar 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 8 years, 7 months ago
Head and shoulder is one of the distribution pattern formed with left shoulder in high volume, head should be the highest and right shoulder with low volume.
Important point to be noted that prior to head and shoulder pattern ,there should be a significant rally .
This shows at the left shoulder stronger hands are buying the stocks and in…[Read more]
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Ayyasamy muthukumar 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 8 years, 7 months ago
Head and shoulder is one of the distribution pattern formed with left shoulder in high volume, head should be the highest and right shoulder with low volume.
This shows at the left shoulder stronger hands are buying the stocks and in right shoulder side stronger hands are out of the market.
Duration to form each pattern is min one mont…[Read more]
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Ayyasamy muthukumar 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
Cup pattern :
It is an accumulation characteristics pattern and decoupled from the market.
It is very strong pattern and it takes long time to construct.
During the cup forming,volume to be low.
It is the best pattern for long term investment.
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Ayyasamy muthukumar 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 bullish trend indicator pattern It is 5 wave corrective pattern should form a triangle shape
Triangle area should be min 1.5 months
Triangle break out expected around 70 %zone and volume should be high at that point to confirm breakout.
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Ayyasamy muthukumar 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 bullish price pattern in technical analysis.
Conditions:
*two equivalent bottom
*volume at second bottom or above the previous high to be high.
*then long positions considered above the previous high
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Ayyasamy muthukumar 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
Double top is one of the price pattern in technical analysis.
Conditions for bearish trend:
*Two equivalent top
*volume at second top or below previous low should be high.
*Duration between two tops should be 20 days.
*Then short positions can be considered below previous low
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Ayyasamy muthukumar replied to the topic What is FLAG pattern? What are the conditions to qualify as perfect FLAG? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Flag pattern :it is one of the technical analysis price pattern. It can be identified by the following conditions.
*It should form a steep pole
*then price should be moving horizontally for sometime with low volume.
*then there should be a breakout,price will go up with high volume
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LR and Ayyasamy muthukumar are now friends 8 years, 7 months ago
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Ayyasamy muthukumar started the topic in the forum Dow Theory in Practice 8 years, 8 months ago
By using dow theory we can reliably obtain the market trend
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Ayyasamy muthukumar replied to the topic How to determine the market trend using Dow Theory? in the forum Dow Theory in Practice 8 years, 8 months ago
By using Dow theory
The market trend can be determined by the sequence of tops and bottoms in daily charts of two years duration
If high bottom followed by the high top with high volume -bullish trend
if low top followed by low bottom with high volume-bearish trend.
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Ayyasamy muthukumar replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 8 years, 8 months ago
DOW THEORY:Dow theory invented by charles H dow in 19th century.It is a technical analysis tool for analysing the market basically identifies the demand and supply zone.
Acc.to this theory first identify the tops and bottoms in daily charts based on price and volume for a period of min 2years,it gives the conclusion of when to buy and when to…[Read more]
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