Random thoughts on technical analysis
- Thread starter orderflow13
- Start date
bhaya crude leke baitho,jindagibhar haste rahogo
its nice hedge against inflation,..ek din sab log saikal pe jayenge aur hum hi honge ja gadi se jayenge . jokes apart on ta basis ur very correct, waiting on croosover above 111 will be very smart thing to do, i will also,then cover my gold ok (stop alex u dreaming now....... a cardinal sin of a raging bull is ' hope '
its nice hedge against inflation,..ek din sab log saikal pe jayenge aur hum hi honge ja gadi se jayenge . jokes apart on ta basis ur very correct, waiting on croosover above 111 will be very smart thing to do, i will also,then cover my gold ok (stop alex u dreaming now....... a cardinal sin of a raging bull is ' hope '
hi armhm,glad that u pointed out,ur right, lets get to the point ( if u know the basics u can skeep first few paras, and go on rsi thing,)
h & s is a trend reversal pattern, which can become continuation pattern,if its nake line not broken,any pattern is more strong, when its allowed to form in longer time frame,be it trend line, reverse h & s..etc. so people prefer to trade on longer time frame,
any patterns( trend line,chanel,h & s,peanut,flag..etc,) suggest only demand and supply, and any pattern doesnt have brain of there own,they dont recognise the day or week,they only reflects demand supply,so watching volume,other indicators along with them is very imp
so if u look at chart, i pointed rsi indicator, in past i trade h & s on 1 hour, 2 hour time frame also, rsi ( 7) usually goes in to bearish zone and stay consistantly, and then neck line breaks,( i reconfirm with slow stochestic some times,it depends on situation, n equity, few give response to stoch. few to rsi,its ur style), thats my method,
but i must tell u,
m not big fan of patterns,except head & shoulder, ur point of view is always appreciated,i will also learn something from u
p.s.i will keep lookin at this chart,tomorrow,as so many times todays h n played out next day .
h & s is a trend reversal pattern, which can become continuation pattern,if its nake line not broken,any pattern is more strong, when its allowed to form in longer time frame,be it trend line, reverse h & s..etc. so people prefer to trade on longer time frame,
any patterns( trend line,chanel,h & s,peanut,flag..etc,) suggest only demand and supply, and any pattern doesnt have brain of there own,they dont recognise the day or week,they only reflects demand supply,so watching volume,other indicators along with them is very imp
so if u look at chart, i pointed rsi indicator, in past i trade h & s on 1 hour, 2 hour time frame also, rsi ( 7) usually goes in to bearish zone and stay consistantly, and then neck line breaks,( i reconfirm with slow stochestic some times,it depends on situation, n equity, few give response to stoch. few to rsi,its ur style), thats my method,
but i must tell u,
m not big fan of patterns,except head & shoulder, ur point of view is always appreciated,i will also learn something from u
p.s.i will keep lookin at this chart,tomorrow,as so many times todays h n played out next day .
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