Nifty Futures Trading

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uasish

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#19,631
new2sm said:
Ashishda, just a small correction,
1. Grave stone dojis are where there is a High, no low and the mkt closed at open. The ones you have shown does not match the criteria.
http://www.streetauthority.com/terms/doji.asp
2. Inverted Hammer shown around :09 is actually shooting star. Inverted Hammers are formed in a downtrend and are bullish, a shooting star also looks like IH and are formed in a UT thereby signifying Downtrend. THe one you have shown is Shooting Star.
3. Where you have shown "To be covered here", the next two bars are examples of IH and you can see they were bullish or ended DT correctly(although temp. but good signals to cover and short @higher levels or go long)
4. Where you have written "Engulfing Bull in an Uptrend" looks to me as a Bearish Engulfing. I presume the Black bars are -ve closing/bearish/Red bars sorry of not so.
5. I am not convinced about Seperating Lines. The Second Day's Opening must be equal to or close the previous bar. Even if I consider it to be Bearish Seperating line, the existing trend has to be Down, we see a White Candle and next is Black Bar with its open == previous bar's open, where you have pointed "Seperating Lines" we are not in a DT. Ofcource no question of Bullish Seperating Lines coz after it is a Downtrend. This is because Seperating Lines are continuation pattern and must indicate continuation of Trend nor of them qualify.
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Your point no 4 is correct,plz see my post,it was wrongly printed,rest i beg to differ.However if you are statisfied and Earning i have no qualms.:D
Education is necessary & good but has to be translated in money,if you are doing so,excellent forget Inverted whether it is inverted or not,this is what i have learnt and classical,which i am sharing ,like you.
There can be a seperate good Thread on Candel Stick,it seems you are quite capable enough ,why dont you start one,we all may chip in.
Definetly whenever there is some imp Candel Stick pattern which i would be trading may post Live in that thread,any learning then can be instantly validitaded Live On Mkt,no bookish but practical/effective on Mkt.
No post mortem.
 
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uasish

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#19,632
#19,632
new2sm said:
Komal, Both look same, but here is the catch, you CAN have a Blue/+ve IH at top and Black/Red/-ve closing IH at top and similarly at bottom. The Candlestick Analysis says that inorder to clearly tell whether it is bullish or bearish they call it Shooting Star to signify end of uptrend, a mad uptrend coming to an end....got it....armano pe paani phira types. otherwise throriticall both are in the "shape" of and Inverted Hammer. The same rule goes for Hammers, you have Hammer at the bottom signaling and end to DT and Hanging Man signaling and end to uptrend very intutive actually come to think abt it.
Click to expand...
Very rightly said.:)
 
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uasish

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#19,633
#19,633
new2sm said:
Also one more difference(damn why can't I edit my post), IH and Hammers to be considered strong should ideally be in opposite colours to the preceeding trend so what will you now call it bullish trend but now going to be bearish (inverted) hammer, bearish but now going to be bullish trend but weak blah blah....so simple to say Inverted Hammer if I expect trend to be Bullish and a Shooting Star if I expect trend to go -ve :)
Click to expand...
Happens many of the times in actual Mkt.:)
 
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