1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac
- Thread starter healthraj
- Start date
- Tags many trades per-day(mtp) one trade per-day (otp) raj trading system trade with renko chart trade with saint flow
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Fellow Traders,
Did not have much time to put together the content on Chart patterns.
I have put together a draft presentation from the content collected over the net. I have added the chart from the RENKO and FLOW chart from the MTP tool so that it makes relevant for you. The intention of this post is to make people look for patterns instead of blindly taking positions especially during those Rangebound or Volatile days.
The reason to analyze the chart patterns, is to make the BUY, SELL or HOLD decision but NOT TO Predict the Future.
Hope you find it useful. As usual I am not an expert and so if there are any errors in my compilation please let me know so that I can modify and upload the updated document.
http://www.4shared.com/file/MYmCxfOV/Trading_Chart_Patterns-RAJ.html
Fellow Traders,
Did not have much time to put together the content on Chart patterns.
I have put together a draft presentation from the content collected over the net. I have added the chart from the RENKO and FLOW chart from the MTP tool so that it makes relevant for you. The intention of this post is to make people look for patterns instead of blindly taking positions especially during those Rangebound or Volatile days.
The reason to analyze the chart patterns, is to make the BUY, SELL or HOLD decision but NOT TO Predict the Future.
Hope you find it useful. As usual I am not an expert and so if there are any errors in my compilation please let me know so that I can modify and upload the updated document.
http://www.4shared.com/file/MYmCxfOV/Trading_Chart_Patterns-RAJ.html
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Chart Patterns - Triangle
One of the patterns that I mostly look for is Triangle because it gives a Good breakout.... Find below the AXISBANK Daily chart. On of the other way to find, which way it would break is, to draw the centre line so that it divides the triangle into two areas. You can see the bottom triangle has more area than the upper triangle. I mean lower triangle has more power than the upper triangle and so will defeat the upper triangle or the upper resistance. So even though it looks like a Symmetric triangle, it is more a "Ascending triangle".
With the Triangles mostly
Triangle Ascending Mostly bullish
Triangle Descending Mostly bearish
Triangle Symmetric Depends - So we have to wait?
Chart Patterns - Triangle
One of the patterns that I mostly look for is Triangle because it gives a Good breakout.... Find below the AXISBANK Daily chart. On of the other way to find, which way it would break is, to draw the centre line so that it divides the triangle into two areas. You can see the bottom triangle has more area than the upper triangle. I mean lower triangle has more power than the upper triangle and so will defeat the upper triangle or the upper resistance. So even though it looks like a Symmetric triangle, it is more a "Ascending triangle".
With the Triangles mostly
Triangle Ascending Mostly bullish
Triangle Descending Mostly bearish
Triangle Symmetric Depends - So we have to wait?
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Triangle formation in Today's NIFTY chart.
Today in NIFTY 10 min charts initially there was FLAG formation and due to Weak Europe opening it turned out to be Triangle Breakout...
In the 30 min chart, In the morning itself there was a simple Triangle breakout below 5717... I am posting the more complex chart below.
Hope you guys appreciate the Triangle breakout
Triangle formation in Today's NIFTY chart.
Today in NIFTY 10 min charts initially there was FLAG formation and due to Weak Europe opening it turned out to be Triangle Breakout...
In the 30 min chart, In the morning itself there was a simple Triangle breakout below 5717... I am posting the more complex chart below.
Hope you guys appreciate the Triangle breakout
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
In NIFTY charts, you will now see a WEDGE. So pretty much all important chart patterns are seen today in NIFTY. When I say aggressive Trading, at 2:45 pm when the NIFTY Spot reached 5682, you can see how quickly it jumped to 10 points in SPOT and 15 points in Futures...
In NIFTY charts, you will now see a WEDGE. So pretty much all important chart patterns are seen today in NIFTY. When I say aggressive Trading, at 2:45 pm when the NIFTY Spot reached 5682, you can see how quickly it jumped to 10 points in SPOT and 15 points in Futures...
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
In the MTP tool 3.2 you can see the patterns in the RENKO and the FLOW chart. Probably there is no chart feature for the EOD Stock Screener, which I will include. I will also include a draft version of reading the chart pattern based on the mathematical lines...
I am trying to merge the Stock screener in the MTP tool itself.
I will try and upload a version so that you can see the patterns yourself in the EOD charts also...
Please find below the Chart patterns taken from the EOD charts.. So NIFTY is in Ascending Triangle formation. Most of the Stocks are in Ascending Triangle formation waiting to breakon the UP side. But who knows after Expiry all those stocks might crash down...
One more sample on the stock ABIRLANUVO
In the MTP tool 3.2 you can see the patterns in the RENKO and the FLOW chart. Probably there is no chart feature for the EOD Stock Screener, which I will include. I will also include a draft version of reading the chart pattern based on the mathematical lines...
I am trying to merge the Stock screener in the MTP tool itself.
I will try and upload a version so that you can see the patterns yourself in the EOD charts also...
Please find below the Chart patterns taken from the EOD charts.. So NIFTY is in Ascending Triangle formation. Most of the Stocks are in Ascending Triangle formation waiting to breakon the UP side. But who knows after Expiry all those stocks might crash down...
One more sample on the stock ABIRLANUVO
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