KISS like McGrath

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columbus

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Ajax

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Rising Wedge in Reliance ? pls. suggest ...



and how true is this in our market ?

Failure rate 24%
Failure rate if waited for downside breakout 6%
Average decline after downside breakout 19%
Most likely decline after downside breakout 15%
Average # that meet price target 63%
Average # that pulled back to retest the breakpoint 53%
Average downside breakout distance to the apex 61%
Premature downside breakouts 22%
 
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MurAtt

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Is this a valid WW if breaks below ....

Looks more like a Triangle. Should be breaking upside coz best triangle is where there are 5 points touching the lines in all.

As regards the WW - if I am not wrong - Point 3 has to be (lower in case of bullish and higher in case of bearish) higher than 1.

Ajax sir will be able to guide us.
 

Ajax

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Ajax sir, this is what I have done today, When ever you get time please suggest ...
[This is a paper trade in live]



What have u done. It does not conform to Pivot theory. Too many trades
and trade against the trend. No profits. Broker will be very happy.
You may line to visit indi traders dot com for ball by ball commentray and
please go thru Kiss in theory and update yourself.
 

jatayoo

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Dear kenneth

The chart shows.. YELLOW arrows where yours truly took trades & reversed
And I know of some who have the abiity to take trades at blue arrows
And this is 15m NF chart. There are other times frames, Many other scrips

Posting here on PIB charts - with simplest of methods to show it does not
need rocket scince to make descent profits. And if you are infront of trading
screen thru out the day (unlike me, a part time trader) you might as well strive to get all the juice. Its not difficult.



Dear Ajax
I think that i see the ichimoko kenyo hyo clouds on the chart.
If it is so then where are the kjun and tenkan pl?:clapping::clapping:
 
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