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prabhaker replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
DOJI – during bullish trend it is morning star and you can buy
DOJI – during bearish trend it is evening star and you can sell
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prabhaker 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, 5 months ago
Japanese method of studying demand and supply
used for weekly traders
in one stretch we can study the total data
daily trend can be studied
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prabhaker 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, 5 months ago
Japanese way of understanding the demand & supply
for weekly traders
one stretch lot of dates are available
daily price moments can be studied
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prabhaker replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
Doji: nuetral i.e. positive and negative are equal also called morning star
it is reversal
Volume should be high
doji sideways neglect
significant fall in price
it is bullish
Take action as long
Evening star:
It is bearish
take action short
significant price increase
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prabhaker 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, 5 months ago
piercing pattern: the body should cover the previous days low
condition: the upper tail should not be very big
green color
trend reversal
prior trend to be negative
green body should cover the low of the previous body and 50% more
Buy: if the price goes highest of two days
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prabhaker 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, 5 months ago
Engulfing is covering the previous body
conditions:recent fall in price to be witnessed
color to be green
Today bullish body should cover the previous body
increase in volume
Buy: two days bullish high and if price goes up you can buy
stop loss: below where bullish started to buy
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prabhaker 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, 5 months ago
hammer: trend reversal
significant price fall
green color
high volume
lower tail length equal to two times length of hammer
upper tail to be invisible
BUY: If it is highest of the previous day and valid for 3 or 4 days
It is bullish
Hanging man: Hammer color to be red
It is bearish
it is reversal
upper tail to be double time length of…[Read more]
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prabhaker 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, 5 months ago
It is a accumulation or distribution pattern
duration should be minimum three months
low volume during left shoulder
low head should be deep
high volume in right shoulder
bullish trend in right shoulder top level (i.e.previous higher top)
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prabhaker 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, 5 months ago
It is accumulation or distribution pattern
identify equivalent tops and bottoms
between two heads time required is one month
volume should be in second top
create short position
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prabhaker 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, 5 months ago
It is a accumulation or distribution pattern.
duration to be three months
left shoulder the volume should be high then the bearish trend reversal happens
head should be tallest one
right shoulder the volume should be low
bearish trend starts at right shoulder below level to the previous low bottom
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prabhaker replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 7 years, 5 months ago
identify the price pattern to which it matches and then find the breakout point to sell or buy the shares
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prabhaker replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 5 months ago
interpreting a pattern and forecast the price movement
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prabhaker 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, 5 months ago
It is a horizontal trading pattern.
45 days to form
volume should be high during breakout price
spot five wave ABCDE
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prabhaker replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Dow gives market trend
price patterns gives price movement
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prabhaker replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 7 years, 5 months ago
Dow theory is a form of technical analysis used in share market to get the market trend in a span of two years
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prabhaker replied to the topic How to determine the market trend using Dow Theory? in the forum Dow Theory in Practice 7 years, 5 months ago
market trend determined by bullish trend & bearish trend with volume within a period of two years
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prabhaker replied to the topic When to buy and Sell using Dow Theory? in the forum Dow Theory in Practice 7 years, 5 months ago
buy: at bullish trend when crossing previous top
sell: at bearish trend when crossing previous bottom
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prabhaker 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, 5 months ago
1)late recognition of change in trend
2)different trends are no strictly defined
Dow theory gives overall directions in the market
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prabhaker 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, 5 months ago
line chart and minimum period is two years
candlestick chart and minimum look period one day
duration of trend forecasting for Dow theory is one month
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prabhaker replied to the topic What are Support and Resistance? in the forum Dow Theory in Practice 7 years, 5 months ago
when price falls, support represents when buying overwhelms selling and price reverse
resistance is the where selling overwhelms buying and the price increases stop
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