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jdpt Yellow Belt
Joined: 25 Jun 2012 Posts: 806
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Post: #76 Posted: Mon Jun 03, 2013 11:44 pm Post subject: |
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apka wrote: | jdpt wrote: | jdpt wrote: | |
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thanks for this chart, what should be the trgt as per you in this case considering the height difference and sloping shoulders and head? |
your welcome apka, in this case diffrence between head and neckline would be tgt or one can go with fibonacci 261 lvls (chart attached)
Regards
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jdpt Yellow Belt
Joined: 25 Jun 2012 Posts: 806
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jdpt Yellow Belt
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jdpt Yellow Belt
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jdpt Yellow Belt
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jdpt Yellow Belt
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #82 Posted: Sun Jun 16, 2013 11:36 pm Post subject: |
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The target for the H&S, that you calculated was perfect.
Thanks jdpt for your posts.
Just keep it up.
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jdpt Yellow Belt
Joined: 25 Jun 2012 Posts: 806
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Post: #83 Posted: Mon Jun 17, 2013 11:33 pm Post subject: |
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saumya12 wrote: | The target for the H&S, that you calculated was perfect.
Thanks jdpt for your posts.
Just keep it up. |
Hi saumya, actully i did nothing, Head & Shoulder is a very easy & well known reversal pattern and target for H&S is always diffrence between head and neckline so you don't need to do much calculation or much effort to trade with it, the thing you have to do is only find out this formation before breakout of neckline anyway thanks a lot for your encouragement
Regards
JDPT
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #84 Posted: Tue Jun 18, 2013 8:00 am Post subject: |
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jdpt wrote: | saumya12 wrote: | The target for the H&S, that you calculated was perfect.
Thanks jdpt for your posts.
Just keep it up. |
Hi saumya, actully i did nothing, Head & Shoulder is a very easy & well known reversal pattern and target for H&S is always diffrence between head and neckline so you don't need to do much calculation or much effort to trade with it, the thing you have to do is only find out this formation before breakout of neckline anyway thanks a lot for your encouragement
Regards
JDPT |
Target of HnS should be taken as 53% of difference between head and neckline.
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jdpt Yellow Belt
Joined: 25 Jun 2012 Posts: 806
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Post: #85 Posted: Tue Jun 18, 2013 10:35 pm Post subject: |
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vinay28 wrote: | jdpt wrote: | saumya12 wrote: | The target for the H&S, that you calculated was perfect.
Thanks jdpt for your posts.
Just keep it up. |
Hi saumya, actully i did nothing, Head & Shoulder is a very easy & well known reversal pattern and target for H&S is always diffrence between head and neckline so you don't need to do much calculation or much effort to trade with it, the thing you have to do is only find out this formation before breakout of neckline anyway thanks a lot for your encouragement
Regards
JDPT |
Target of HnS should be taken as 53% of difference between head and neckline. |
Hi Vinay, first of all thank to you for taking intrest on this topic, vinay as you said we should book @ 53% of diff between head & neckline, but you haven't given any reason for that so can you please explain it bit more ?
regards
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p_wangdu White Belt
Joined: 30 Apr 2012 Posts: 126
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Post: #86 Posted: Tue Jun 18, 2013 10:45 pm Post subject: |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #87 Posted: Wed Jun 19, 2013 9:02 am Post subject: |
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jdpt wrote: | Hi Vinay, first of all thank to you for taking intrest on this topic, vinay as you said we should book @ 53% of diff between head & neckline, but you haven't given any reason for that so can you please explain it bit more ?
regards |
Bulkowski has done a lot of research on all the patterns (over 60) and arrived at various conclusions such as "success ratio", "ranking among various patterns", "% meeting targets", etc. for these patterns. You should study that ....... if you are interested.
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jdpt Yellow Belt
Joined: 25 Jun 2012 Posts: 806
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #89 Posted: Wed Jun 19, 2013 2:57 pm Post subject: |
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vinay28 wrote: | jdpt wrote: | Hi Vinay, first of all thank to you for taking intrest on this topic, vinay as you said we should book @ 53% of diff between head & neckline, but you haven't given any reason for that so can you please explain it bit more ?
regards |
Bulkowski has done a lot of research on all the patterns (over 60) and arrived at various conclusions such as "success ratio", "ranking among various patterns", "% meeting targets", etc. for these patterns. You should study that ....... if you are interested. |
no response?
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guptak03 White Belt
Joined: 03 May 2011 Posts: 50
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Post: #90 Posted: Wed Jun 19, 2013 9:52 pm Post subject: |
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can any one explain how trade has been taken on 123 pyramid system and the rules..
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