Long or Short Opinion

[rajputz]

Camarilla pivot 3 getting tested again and again...Failure of break to upside for 3 or more time can bring nifty down.

 

[rajputz]

Ghost still active...zlr weak...

 

[simple_trader]

Please explain, so that we can understand, why ?

I am an opportunistic trader. So do not mind shorting against the trend as long as I get confirmation. Also you may say that it has opened above resistance line. Those are as per technical. but resistances are to be broken. So no issue, as long as these trades give high probability and returns.

 

[rajputz]

Nifty ghost getting full respect...ZLR never completed rather changed into a famir...trend is down...

 

[crown]

rajput bhai
what is this ghost?
any guidance and thanks

 

[simple_trader]

There may be some resistance around NIFTY spot level 5230-40 tomorrow. In case we are unable to cross this range, then there is a chance that we retrace to 5150-60 spot level. If we break out above the range, then up move to continue. I guess chances are more that we would make retrace. Finger crossed!


Happy trading!

This is playing out well so far!!

 

[rajputz]

Ghost still active...zlr weak...

rajput bhai
what is this ghost?
any guidance and thanks

GHOST - Trend Reversal Pattern

1) CCI must make 3 peaks encapsulating 2 valleys.
2) The 2 valleys are connected by drawing a line.
3) This line is also extended to the right (in the future).
4) CCI violation of this line for a 3rd time triggers the trade.
5) CZI, SI, LSMA are NOT used.
6) GHOST can form in any direction with any slant.
7) Woodie believes the slant towards the Zero Line is preferable.
8) A Ghost is a Ghost is a Ghost.

With head and shoulder pattern. Either Head down with two shoulders up. Or Head up with both shoulders down. Both shoulders left or right should be down or up. Not one.

 

[rajputz]

Nifty ghost first failed, but fully respected after wards as camarilla pivots were getting full resistance....Check the chart: -

 

[rajputz]

After a ghost on Nifty 15 min....got another ghost on 30 minutes chart. Plus a Famir. Double Confirmation for trend reversal. Although the famir will be confirmed at 2:30, but is forming. So one need to be cautious before going long yet...15 min and 5 min have given zlr yet.

 

[crown]

thank rajput bhai
plese tell kidar se i can learn this
mene amibroker to download kar liya hai
aapki badi kripa hogi