General Trading Chat

[timepass]

Where crashing ? 0 .5%only down .

Looks like a crash from the high of the day. But it is only the beginning of the session. Even Europe crashed earlier, but is back in solid green now.

 

[Smart_trade]

SGX Nifty 8548...

Smart_trade

 

[lemondew]

Days like today work well when you go long when previous high is broken. It has to be trending day and moving 5 min bars. Only for intraday. I just accidentaly saw this when I read STs 2 bar rule. This is good for swing and lazy guys. when it is trending up and it goes down put a buy at SL Previous High broken. No need to continuously monitor...

The first high is broken the next would be and so and eventually it would fail . It is best to go for it when first high is broken.

 

[stock72]

Chart is very my symmetric ..so once reached the end it will break out ?

I too am not much familiar with this pattern
so I am just putting this chart for learning purpose only.

BOW-TIE DIAMETRIC PATTERN
Nifty Spot Chart
TF 1 hr.

 

[RAAMAKANT]

Where crashing ? 0 .5%only down .

For a Intraday Trader like me
nearly 200 points fall within few minutes is like a crash only...

But I agree, I need to improve my vocabulary.....

 

[RAAMAKANT]

Chart is very my symmetric ..so once reached the end it will break out ?

Can't say anything, I am observing this pattern first time only.
And I am trading on PA only so not much relying on patterns these days.

 

[lemondew]

hi,
I had backtested confusing 2 bar rule to breaking previous high. observed during uptrend it went up 300 or more when it did without going 50 down.....

So PH which is around 8600 ish very close to your diag high is broken then generally most often breaks with a bang in one day and eventually goes for 300 or more points above in coming days.

NOTE: I am not trading these set ups just tracking it.

I too am not much familiar with this pattern
so I am just putting this chart for learning purpose only.

BOW-TIE DIAMETRIC PATTERN
Nifty Spot Chart
TF 1 hr.

 

[LivetoTrade]

Sad to note people are losing jobs because of the Oil prices -

BP lays off 300 workers as oil slump troubles North Sea

 

[TradeOptions]

Nifty Option Chain -

Bank Nifty Option Chain -

Advance Decline -

Regards

 

[sudoku1]

I too am not much familiar with this pattern
so I am just putting this chart for learning purpose only.

BOW-TIE DIAMETRIC PATTERN
Nifty Spot Chart
TF 1 hr.

2 me it luks like a butterfly pattern :-D