Analysis of charts - discussion share ur views

[vishalalluri]

Hi vishal ,

Apart from watching Candle Sticks ,sometimes
I prefer simple Line Graph.

Reversals occur when a pair RED+GREEN or
GREEN+RED show up.In the present case I am clue-less
and the better option would be to maintain status quo.

same here clueless

pair reversals are known to me too

just asked out of a mere thought (present case) hehe

 

[bunny]

hi columbus

i was watching the chart of sundaramclayton

does continious red bars out of the upper band show any signal

i kno abt upper band lower band reversal signals but if red candles are piercing the upper band one after the other day does it give any signal

hope im clear

Please post the chart.

 

[vishalalluri]

Please post the chart.

hi bunny i am posting the chart and what i had asked is encircled

should i take it as a fact tht its just upper bb piercing and the red candles shows that prices closed below the open and the trend is still bullish

 

[bunny]

^
I am not experienced in Bollinger Bands, but I can tell you for sure that they are distribution bars and a reversal is impending, either a correction or major trend swing.

 

[bunny]

And not all all stocks behave as technically expected. Many illiquid stocks are at the operators' mercy. You cannot tell when they will run like a mad dog in any direction.

 

[vishalalluri]

And not all all stocks behave as technically expected. Many illiquid stocks are at the operators' mercy. You cannot tell when they will run like a mad dog in any direction.

very true i have seen stocks in my watch list running away from my techincals

some whipsaws in levels of technicals by me

thnks

 

[vishalalluri]

STRANGE SCRIPT NEVER HEARD THE NAME

 

[prasadam]

symmetrical. :lol::lol:

systematic i guess it is symetric he he

typo mistake

 

[prasadam]

Hi Vishal.

My basic rule is

Dont get fixated on specific numbers, such as buy prices, target prices, stop loss prices or index values.

next rule is entry when my set up gives a signal, scale in as per signals and exit when reversal is indicated.

Take positions in multiple time frames.

rest in the evening.

hi prasad im planning to start trading with mininifty from next week want ur views on it

i had read somwher in some thread about you conssitently doing disciplned trading on nifty can you share what strategy are u using .

i have waited enough days:annoyed: i think its time for me to start

 

[Mangafreakz]

@Prasadam
Will it be ok with you if i add you in email? Mine is jdude41 at gmail.