General Trading Chat

[HEM]

HEM Sir, ISL was 1st bar high na?

Yes..... but that bar was long enough (35 point )....so you can use fixed stoploss also like 15-20-25 points.....according to your risk appetite.


HEM

 

[travi]

Hi Experts,

Could someone give a link/document to study important candlestick patterns.

I searched in web, but there are too many patterns and im not sure which are the important ones used in both intra-day & swing.

Thanks

Just use the Wikipedia link, it clear and well defined.
https://en.wikipedia.org/wiki/Candlestick_pattern

Some simple patterns are the same, but named differently based on their position like hammer and hanging man etc.
8-10 patterns are sufficient (incl reps).

 

[traderniftybull]

NF

Holding 8155, anticipating for around 8200
LP 8169

 

[vagar11]

Hi Experts,

Could someone give a link/document to study important candlestick patterns.

I searched in web, but there are too many patterns and im not sure which are the important ones used in both intra-day & swing.

Thanks

Candlestick patterns are alone not enough to trade. They should be looked at support and resistance.

All candlestick pattern are nothing but reversal pts.

V - hammer, bullish engulfing, Piercing, Bullish harami, morning star.

Inverted V - shooting star, bearish engulfing, piercing, bearish harami, evening star.

I don't give much importance to them. Start with Saint sir thread, Then read thoughts on day trading part1/part2.

You can find those thread pdf in my signature too.

 

[travi]

Hi Experts,

Could someone give a link/document to study important candlestick patterns.

I searched in web, but there are too many patterns and im not sure which are the important ones used in both intra-day & swing.

Thanks

Also combine the volume of the candle to know its weightage and look for confirmation on higher TF.
Eg. 3 soldiers or 2 back crows would be a tall bar on higher TF etc

 

[traderniftybull]

BNF

Staying above BBRN may give 75-100 points

 

[BearsTruth]

Demonetisation is history! If you have the money, buy into this market: Rakesh Jhunjhunwala

|| Was not RJ said demonetization is a good thing? When the 2017 looks full of turmoil how can he give a call like that? RJ is fast losing my respect. He should not be this mindlessly bullish on India. There is nothing "special" or "unique" about Indian economy. It is just growing at 5-6% like other economies.||

http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[traderniftybull]

NF

Holding 8155, anticipating for around 8200
LP 8169

BNF

Staying above BBRN may give 75-100 points

wowwwwwww !!!!!!
clocked NF above 8200 and BNF above 18100
and looks still strong !!!!!!!!!!!!!

 

[tarun1313]

BNF



Staying above BBRN may give 75-100 points

What does BBRN mean?


Sent from my iPhone using Tapatalk

 

[traderniftybull]

What does BBRN mean?


Sent from my iPhone using Tapatalk

Big Big Round Number
with triple zeros, xx000