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CANDLES AND CANDLE'S ONLY

 
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Author CANDLES AND CANDLE'S ONLY
rajmohanmbamhr
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Post: #1   PostPosted: Tue Feb 07, 2012 7:49 pm    Post subject: CANDLES AND CANDLE'S ONLY Reply with quote
Potential candle stick reversals Daily/weekly/monthly...The daily candle stick patterns can be used for next day Day trading and the Weekly patterns can be used for taking Positional trades

Last edited by rajmohanmbamhr on Tue Feb 07, 2012 7:57 pm; edited 2 times in total
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rajmohanmbamhr
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Post: #2   PostPosted: Tue Feb 07, 2012 7:51 pm    Post subject: Rel capital Reply with quote
Bearish Engulfing Daily chart SELL BELOW 370

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rajmohanmbamhr
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Post: #3   PostPosted: Tue Feb 07, 2012 7:53 pm    Post subject: Opto circuits Reply with quote
Sell Below 260

Bear trap was done Need some filters

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Last edited by rajmohanmbamhr on Wed Feb 08, 2012 5:55 pm; edited 1 time in total
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rajmohanmbamhr
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Post: #4   PostPosted: Tue Feb 07, 2012 8:16 pm    Post subject: Nifty Reply with quote
Rising Three Methods: A bullish continuation pattern in which a long white body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new high.



But in Indian market (not only in the below chart)most of the times the fourth day candle was missing..Lets see whats going to happen tommorow..

But taking Long is only recommended above today's high (07/02) ...

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KatrinaaDP
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Post: #5   PostPosted: Tue Feb 07, 2012 10:26 pm    Post subject: Reply with quote
good rajmohan sir
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ESNMURTY
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Post: #6   PostPosted: Tue Feb 07, 2012 10:31 pm    Post subject: candles Reply with quote
Hi, I wish have a clarification.In the charts presented by you, It is expected that the price would fall.Kindly clarify , if it would fall on the very next day or will it take some days to fall.
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jyothi2011
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Post: #7   PostPosted: Tue Feb 07, 2012 10:40 pm    Post subject: Reply with quote
good job!
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rajmohanmbamhr
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Post: #8   PostPosted: Wed Feb 08, 2012 6:06 am    Post subject: Re: candles Reply with quote
ESNMURTY wrote:
Hi, I wish have a clarification.In the charts presented by you, It is expected that the price would fall.Kindly clarify , if it would fall on the very next day or will it take some days to fall.


As long as the stop loss is not triggered the selling is valuable In simple words sell only below the bearish candle and keep that candles high as stop loss..And vice versa

Note: If slop loss is triggered before selling triggered then selling becomes invalid

Regards

Raj
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rajmohanmbamhr
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Post: #9   PostPosted: Wed Feb 08, 2012 6:10 am    Post subject: Re: candles Reply with quote
rajmohanmbamhr wrote:
ESNMURTY wrote:
Hi, I wish have a clarification.In the charts presented by you, It is expected that the price would fall.Kindly clarify , if it would fall on the very next day or will it take some days to fall.


As long as the stop loss is not triggered the selling is valuable In simple words sell only below the bearish candle and keep that candles high as stop loss..And vice versa

And There is no time frame when it will fall but once the market falls these stocks will lead

Note: If slop loss is triggered before selling triggered then selling becomes invalid

Regards

Raj
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sherbaaz
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Post: #10   PostPosted: Wed Feb 08, 2012 8:44 am    Post subject: Reply with quote
Hi rajmohanmbamhr,

Since how long have you been using candle sticks the way you have presented. do you have record of profitable trades you have made using candle sticks (reversal) signals.

As for good reasons I know this naked/stand alone candlesticks will not work in long run. Taking reversal signals in the strong trend. You may have couple of profitable trades here and there but in the long run they will dry up.

its a fantastic way of representation of price on chart but as per me it does not work this way.

regds,
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rajmohanmbamhr
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Post: #11   PostPosted: Wed Feb 08, 2012 5:56 pm    Post subject: Re: Nifty Reply with quote
rajmohanmbamhr wrote:
Rising Three Methods: A bullish continuation pattern in which a long white body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new high.



But in Indian market (not only in the below chart)most of the times the fourth day candle was missing..Lets see whats going to happen tommorow..

But taking Long is only recommended above today's high (07/02) ...



High was not broken..
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ESNMURTY
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Post: #12   PostPosted: Wed Feb 08, 2012 11:34 pm    Post subject: Re: candles Reply with quote
rajmohanmbamhr wrote:
rajmohanmbamhr wrote:
ESNMURTY wrote:
Hi, I wish have a clarification.In the charts presented by you, It is expected that the price would fall.Kindly clarify , if it would fall on the very next day or will it take some days to fall.


As long as the stop loss is not triggered the selling is valuable In simple words sell only below the bearish candle and keep that candles high as stop loss..And vice versa

And There is no time frame when it will fall but once the market falls these stocks will lead

Note: If slop loss is triggered before selling triggered then selling becomes invalid

Regards

Thanks and regards

Raj


Thanks and regards
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rajmohanmbamhr
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Post: #13   PostPosted: Sat May 04, 2013 3:34 pm    Post subject: BankNifty Reply with quote
BankNifty Reversal Pattern in Weekly Chart

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rajmohanmbamhr
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Post: #14   PostPosted: Sat May 04, 2013 3:40 pm    Post subject: Infy Bullish Engulfing Reply with quote
Infy Bullish Engulfing

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rajmohanmbamhr
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Post: #15   PostPosted: Sat May 04, 2013 3:44 pm    Post subject: Here The Strong BUY strictly Only Above 322(Weekly) Reply with quote
Here The Strong BUY strictly Only Above 322(Weekly)

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