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bullish harami |
rrk2006hyd
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Joined: 13 Oct 2010
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Post: #1  Posted: Thu Feb 16, 2012 6:29 pm Post subject: bullish harami |
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Bullish harami..what happens next..will it open above 5520 or below 5507 tmrw..lets watch
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maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
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| Post: #2 Posted: Thu Feb 16, 2012 6:36 pm Post subject: |
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“Harami” is an old Japanese word for “pregnant”. The long white candlestick is “the mother” and the small candlestick is “the baby”.
let's celebrate Harami Birthday !! 
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maddyprincess
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Joined: 15 Nov 2011
Posts: 160
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| Post: #3 Posted: Thu Feb 16, 2012 6:38 pm Post subject: |
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| maddyprincess wrote: | “Harami” is an old Japanese word for “pregnant”. The long white candlestick is “the mother” and the small candlestick is “the baby”.
let's celebrate Harami Birthday !! |
Don't ask who is the father ???
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4 Posted: Thu Feb 16, 2012 6:45 pm Post subject: |
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| maddyprincess wrote: | | maddyprincess wrote: | “Harami” is an old Japanese word for “pregnant”. The long white candlestick is “the mother” and the small candlestick is “the baby”.
let's celebrate Harami Birthday !! |
Don't ask who is the father ???
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #5 Posted: Thu Feb 16, 2012 7:14 pm Post subject: |
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Bullish Harami pattern is a reversal pattern with following criteria
1. Downtrend should be clearly visible or evident
2. First candle should be black (down)
My opinion - this signal should be ignored.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #6 Posted: Thu Feb 16, 2012 7:31 pm Post subject: Harami |
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| amitkbaid1008 wrote: | Bullish Harami pattern is a reversal pattern with following criteria
1. Downtrend should be clearly visible or evident
2. First candle should be black (down)
My opinion - this signal should be ignored. |
I agree with this view. This should be ignored unless something like a consistent selling happens. Even if the market forms a black candle tomorrow, we dont have to worry if we are above the 8-day EMA(5425 as per today's closing). In that case, we will break the high made yesterday soon which will negate the Harami. However, one must reassess the situation only if the market goes below the 8-day EMA. This is because the market hasn't gone below this level after the 4800 level has been conquered.
SAM
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dineshjm
White Belt
Joined: 14 Mar 2010
Posts: 23
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| Post: #7 Posted: Thu Feb 16, 2012 7:43 pm Post subject: Re: Harami |
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| psalm wrote: | | amitkbaid1008 wrote: | Bullish Harami pattern is a reversal pattern with following criteria
1. Downtrend should be clearly visible or evident
2. First candle should be black (down)
My opinion - this signal should be ignored. |
I agree with this view. This should be ignored unless something like a consistent selling happens. Even if the market forms a black candle tomorrow, we dont have to worry if we are above the 8-day EMA(5425 as per today's closing). In that case, we will break the high made yesterday soon which will negate the Harami. However, one must reassess the situation only if the market goes below the 8-day EMA. This is because the market hasn't gone below this level after the 4800 level has been conquered.
SAM |
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dineshjm
White Belt
Joined: 14 Mar 2010
Posts: 23
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| Post: #8 Posted: Thu Feb 16, 2012 7:47 pm Post subject: harami pattern |
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dear sir,
with due apologies, we should not ignore any warning given by candlestick pattern. The break below the low 5387 should ring the bell for correction..
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #9 Posted: Thu Feb 16, 2012 8:04 pm Post subject: |
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| no matter what happens, market is always Harami. It only makes us harami (pregnant) with fear!
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #10 Posted: Thu Feb 16, 2012 8:11 pm Post subject: Re: harami pattern |
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| dineshjm wrote: | dear sir,
with due apologies, we should not ignore any warning given by candlestick pattern. The break below the low 5387 should ring the bell for correction.. |
Hi Dinesh,
I didn't say that we should ignore it completely. But as long as we are above 8-day EMA, we shouldn't be worried. That's what I have meant. By the way, reliability of this pattern is not considered high. Its a LOW to MEDIUM level pattern as far as the reliability is concerned. So, let's just wait and watch the trades for a few days from now onwards to check the effectiveness of this pattern. 
Regards,
Sam
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #11 Posted: Thu Feb 16, 2012 8:11 pm Post subject: |
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| vinay28 wrote: | | no matter what happens, market is always Harami. It only makes us harami (pregnant) with fear! |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #12 Posted: Fri Feb 17, 2012 12:58 am Post subject: |
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Interesting -- first a Marabuzo candle and then what looks like a harami pattern along with the Marabuzo.
How do we read this?
First there was some profit to be booked after the Marabuzo rise .Someone is going to blink , you see.
Second , later half buying today gave you the long shadow of the so called 'pregnant hump' else we would have ended with a black/red candle
So far so good ... we are still bullish
Third , tomorrow is a Friday and then Monday is a trading holiday . who is going to carry positions over the longish weekend ? What if Greece is thrown out of Eurozone to fend for itself over the weekend? who will blink tomorrow?
Fourth , will the sentiment of 'third' (as above) actually get the bulls to absorb the selling and add to their positions ? Likely
Or is it just going to be a dull day
Ruining the bullish sentiment will delay the share sales of PSU
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KatrinaaDP
White Belt
Joined: 11 Sep 2010
Posts: 95
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| Post: #13 Posted: Fri Feb 17, 2012 6:25 am Post subject: |
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good 
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #14 Posted: Fri Feb 17, 2012 9:26 am Post subject: |
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| AJAYHKAUL wrote: | Interesting -- first a Marabuzo candle and then what looks like a harami pattern along with the Marabuzo.
How do we read this?
First there was some profit to be booked after the Marabuzo rise .Someone is going to blink , you see.
Second , later half buying today gave you the long shadow of the so called 'pregnant hump' else we would have ended with a black/red candle
So far so good ... we are still bullish
Third , tomorrow is a Friday and then Monday is a trading holiday . who is going to carry positions over the longish weekend ? What if Greece is thrown out of Eurozone to fend for itself over the weekend? who will blink tomorrow?
Fourth , will the sentiment of 'third' (as above) actually get the bulls to absorb the selling and add to their positions ? Likely
Or is it just going to be a dull day
Ruining the bullish sentiment will delay the share sales of PSU
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There goes the Harami , Marabuzo.... blah blah.....
Nifty spot bulldozed to 5575
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #15 Posted: Fri Feb 17, 2012 9:30 am Post subject: |
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Ajay!
You never miss a point or a chance.
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