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Prakash 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, 2 months ago
Piercing is Reversal candle stick pattern
Condition are : The body should cover the previous day low and Current body should cover at least 50% of previous body and the upper tail should not be very big ,Create long position if the body covers more than 50% of the previous days bearish candle ,provided a significant volume is noticed during the…[Read more] -
Prakash replied to the topic What are HAMMER / hanging man? Why it is very popular when to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
Hammer means : Opening ,closing , And high prices are in More or less Same level
HANGING MAN : Opening , closing and low prices are in More or less same level
Hammer means Bullish trend create long position
Hanging man : Bearish trend create short positionBoth cases volume should be high
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Prakash replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
During bearish moment a doji appears it called as Morning star ,create a long position (when trend moves high price of doji )
During bullish moment a doji appears it called as Evening star , creat a short position ( When trend move low price of doji) -
Prakash replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
DOji means neutral trend (No significant rise or fall )
after downtrend doji appears means create long trend
After uptrend doji appears means create short position -
Prakash replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
Candle stick is trend reversal pattern , Its uses to find open close high and low prices in a day
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Prakash replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
4 to 7 days
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Prakash 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 7 years, 2 months ago
Weekly traders use candle stick analysis , Volume should be high
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Prakash replied to the topic What is Engulfing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
Engulfing pattern is reversal trend pattern
Condition of Bull : the price is falls continuously and one day it rises dramatically (Green pattern cover the full body of red body)
Condition of bear : The price is rises continuously and one day it falls dramatically (Red body cover the full body of green body)
Create long position in bull…[Read more]
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Prakash replied to the topic What is Engulfing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Engulfing pattern:</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Bullish:</p>
<p style=”box-sizing: border-box; margin: 0.85em…[Read more] -
Prakash replied to the topic What is Engulfing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
<p class=”MsoNormal” style=”margin: 10.2pt 0cm; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;”><span style=”font-size: 12.0pt; font-family: ‘Times New Roman’,’serif’;…[Read more]
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Prakash replied to the topic What Should be Entry price, Exit Price and Stop loss for Flag Pattern in the forum Price Patterns and its characteristics 7 years, 3 months ago
Entry price ll be trend move upwards the previous HT of rectangular area
Stop loss be point where the steeper pole is started
Exit price ll Entry price – stopped loss
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Prakash 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, 3 months ago
Entry price will be right shoulder trend croses the neck line
Stop loss will be head of right shoulder
Exit price will be difference between entry price and stop loss
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Prakash replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Price Patterns is type of technical analysis .which shows the market behavior and characteristic of buyers and sellers and also describes the market Flow
Input are – price , volume ,and time period
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Prakash 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, 3 months ago
Inverted head and shoulder is accumulation process
time period – minimum 3 months
Left ahoulder – high volume
head – Low Voume
right shoulder – Less Volume
To determine it is a bullish trend ,the break out point should cross the previous tob
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Prakash 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 7 years, 3 months ago
Cup Pattern is Just a bottom of the cub ,it is a accumulation process . generally it ll take long time to construct
To determine it is bullish the Trend/Break out point must exceed higher previous top
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Prakash replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Price patterns tells about the Market behavior , Market flow ,characteristic of Buyers and sellers
Dow theory explains about demand and supply and who is controlling the market
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Prakash replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 7 years, 3 months ago
BUY :
- Double bottom
- Flag
- Cub
- Inverted Head and Shoulder
Note : All above should done with the good volume
SELL:
- Double tob
- head and shoulder
Note :All above should done with good volume
TRIANGLE BOTTOM : We have wait for the breakout point and then next move based on Market flow whether to buy or sell
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Prakash 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 7 years, 3 months ago
Line chart : around 2 years
Bar chart : weekly or monthly basis
Candle sticks : Day charts or intraday
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Prakash 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 7 years, 3 months ago
Major critics are : can’t describe MarKet behavior and characteristics of buyer and seller and its not for short term period and intraday basis
It is base of technical analysis bcoz it’s describe demand and supply patterns
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Prakash replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 7 years, 3 months ago
Dow theory is a type of technical analysis , It’s used to identify the demand and supply in market position .
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