BollingerBands

[columbus]

EOD=23.9.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in YELLOW colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Yellow colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=26.9.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in YELLOW colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Yellow colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=27.9.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in YELLOW colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Yellow colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=28.9.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in YELLOW colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Yellow colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=30.9.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in YELLOW colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Yellow colour line
decides the momentum of market, mostly.

 

[timepass]

Today's candle makes a Harami pattern, doesn't it ?? Is it a bearish harami or bullish ? Can never make out the difference.

 

[columbus]

Today's candle makes a Harami pattern, doesn't it ?? Is it a bearish harami or bullish ? Can never make out the difference.

TP,

Yes,it is Bearish harami.See the enclosed chart.

 

[timepass]

Yes,it is Bearish harami.

And yesterday was a bullish engulf (expiry or not).. seems like someone is playing games with the charts

 

[columbus]

And yesterday was a bullish engulf (expiry or not).. seems like someone is playing games with the charts

Yeah,Bullish engulfing.To be frank ,never bothered to try,deciphering
candle pattern.Certainly it is good to have knowledge.

 

[timepass]

To be frank ,never bothered to try,deciphering
candle pattern.

So how do you play the candles within bollinger bands ?