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Rajkumar 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, 10 months ago
The body should cover the previous day low
The body should cover at least 50% of the previous day
Upper tail should not be high
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Rajkumar replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 10 months ago
A bullish trend in doji is called morning star
A bearish trend in doji is called evening star
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Rajkumar 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, 10 months ago
hammer:
Hammer should be green in color
The upper tail should be small or invisible
The lower tail should be two times higher than the body
It’s a bullish pattern create long position
Hanging man:
The upper tail is higher 2times than the body
It’s red in color
It’s a bearish pattern,create short position
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Rajkumar replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 10 months ago
Doji means neutral where opening and closing are at same level
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Rajkumar 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, 10 months ago
Engulfing pattern formation is viewed by candlestick
The bullish body should cove the previous day
High volume within 2days
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Rajkumar 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 7 years, 10 months ago
Steeper slope of 70°
Rectangle moment in side ways
Formation of flag 4-7 days
Positive break out with good volume
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Rajkumar 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, 10 months ago
Two equivalent top
Volume should be high in right side
Duration must be 20days
Short position must be created when crosses the neckline
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Rajkumar 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 7 years, 10 months ago
The two equivalent bottom
Volume should be high at right side
Duration must be 20 days
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Rajkumar 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, 10 months ago
Head and shoulder inverted method is known as inverted head and shoulder method
Condition
The left side volume must be high
Right side volume should be low
Head must low when compared to recent volume
Minimum 3 months to take formation each one month duration
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Rajkumar replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 7 years, 10 months ago
Price pattern: price pattern is a analysis made for short term duration , when to entre and exit can be done
Dow theory: price pattern analysis is made for long term duration
2years of data is required
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Rajkumar replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 10 months ago
A pattern is identified by line in a common price points such as opening,closing,high,low.
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Rajkumar 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, 10 months ago
By connecting 5points the triangle must be formed
1.5-2 months duration must be taken to form
70% of break out is expected
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Rajkumar replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 7 years, 10 months ago
Demand >supply then buy
Supply >demand then sell
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Rajkumar 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, 10 months ago
When the price pattern of the company forms a cup shaped structure it’s called rounding bottom
Condition
It take long duration to form
It does not get affected to market scenario
It’s morepowerful when breaks out a cup pattern shape
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Rajkumar 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, 11 months ago
Dow theory is used to find only used to find the moment.
We can’t keep target or stop loss
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Rajkumar replied to the topic How to determine the market trend using Dow Theory? in the forum Dow Theory in Practice 7 years, 11 months ago
Higher bottom – higher top – high volume- bullish
Lower top- lower bottom- high volume- bearish
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Rajkumar replied to the topic What are Support and Resistance? in the forum Dow Theory in Practice 7 years, 11 months ago
Support: demand is greater than supply create long position
Resistance : supply is greater than demand create short position
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Rajkumar 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, 11 months ago
Intraday day trading cannot be done
2years of data is required for making analysis
Trading is done on long term basis and on not short term basis
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Rajkumar replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 7 years, 11 months ago
It is the oldest method.
It is a study of market by technical analysis by the demand and supply
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Rajkumar 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, 11 months ago
Line chart is used
Minimum 2 year chart is viewed
Duration of trend forecasting – 2 to 3 months
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