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Pop Gun Pattern |
s.muthuswamy
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Joined: 15 Jun 2008
Posts: 96
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Post: #16  Posted: Sun Feb 12, 2012 5:57 pm Post subject: Pop gun pattern |
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This pattern consists of three candles where the middle one lies completely inside the other two.
Look at the candles of NF for 21 ,22 and 23.6.11 where the small candle of 22.6.11 lies inside that of 23.6.11.
This is the exact pop gun pattern.
Dear Prakash,
I am just following the definition given in the website where the coffee example was given. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #17 Posted: Sun Feb 12, 2012 6:14 pm Post subject: |
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| Dear Muthuswamy, many thanks for prompt reply and clarification. Please see NF for 8,9,10 Feb 2012: nearly qualifies as Pop Gun except for fact that bottom of body of 10 candle same as bottom of body of 9 candle. what is your opinion, sir? If it qualifies, this may signal a rapid fall AND rise in NF values in near future! Thanks in advance, Prakash Holla |
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s.muthuswamy
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Joined: 15 Jun 2008
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| Post: #18 Posted: Sun Feb 12, 2012 6:30 pm Post subject: Pop gun pattern |
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| pkholla wrote: | | Dear Muthuswamy, many thanks for prompt reply and clarification. Please see NF for 8,9,10 Feb 2012: nearly qualifies as Pop Gun except for fact that bottom of body of 10 candle same as bottom of body of 9 candle. what is your opinion, sir? If it qualifies, this may signal a rapid fall AND rise in NF values in near future! Thanks in advance, Prakash Holla |
Kindly refer to the coffee example again. The 3 days you have given do not form a pop gun.
Sorry , Mr. Prakash. |
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pkholla
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| Post: #19 Posted: Sun Feb 12, 2012 7:04 pm Post subject: |
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| muthuswamy sir: happy pop-gunning. once again thanks for prompt reply. please post in this thread if u spot a pop gun. rgds, prakash holla |
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jyothi2011
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Joined: 10 Oct 2011
Posts: 81
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| Post: #20 Posted: Sun Feb 12, 2012 10:23 pm Post subject: |
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| SIR DO U MEAN THAT DOWMTREND HAS BEGUN? PLS REPLY |
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amit0666
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Joined: 23 Jun 2010
Posts: 86
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| Post: #21 Posted: Mon Feb 13, 2012 8:53 am Post subject: |
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muthuswamy sir
jan 2012 ,4,5,6 is pop gun pattern or not pls clearify |
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s.muthuswamy
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Joined: 15 Jun 2008
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| Post: #22 Posted: Mon Feb 13, 2012 9:13 am Post subject: |
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| amit0666 wrote: | muthuswamy sir
jan 2012 ,4,5,6 is pop gun pattern or not pls clearify |
Mr.Amit, your observation is correct.
Usually pop gun pattern appears after a prolonged rally or fall or sideways movements. So I took into consideration the candle of 9th Jan, after sideways movements.
Pop gun pattern does show a reversal but now we are yet to get a chance for reversal. If it happens it will be sharp and quick as per pop gun theory.
The recovery (this time , it is a fall) ranges from 50% onwards.
Let's see what happens. |
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amit0666
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| Post: #23 Posted: Mon Feb 13, 2012 10:20 am Post subject: |
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muthuswamy sir
is this pattern is working on every time frame or eod only |
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s.muthuswamy
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Joined: 15 Jun 2008
Posts: 96
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| Post: #24 Posted: Fri Feb 24, 2012 8:45 am Post subject: Pop gun pattern |
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Pop gun pattern works well on EOD basis and not so well on lower tf as far as my knowledge goes.
It seems the rise from 4780(10-1-12) of NF after the pop gun pattern on 9-1-12 seems to have stopped at 5700 and the recovery has started. Usually the recovery will be sharp and may last upto 100% or more( as in the case of the last time). Let's see. |
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sherbaaz
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Joined: 27 May 2009
Posts: 543
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| Post: #25 Posted: Fri Feb 24, 2012 8:55 am Post subject: Re: Pop gun pattern |
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| s.muthuswamy wrote: | Pop gun pattern works well on EOD basis and not so well on lower tf as far as my knowledge goes.
It seems the rise from 4780(10-1-12) of NF after the pop gun pattern on 9-1-12 seems to have stopped at 5700 and the recovery has started. Usually the recovery will be sharp and may last upto 100% or more( as in the case of the last time). Let's see. |
Hi,
Can you tell me is there any way to find out where the pattern will stop and come back?
Regards, |
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s.muthuswamy
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Joined: 15 Jun 2008
Posts: 96
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| Post: #26 Posted: Fri Feb 24, 2012 9:18 am Post subject: Pop gun pattern |
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I had not come across a method to find where the recovery to pop gun method comes to an end.
I have seen a no. of scrips and indices exhibiting recovery from 50% to more than 100%
The last time NF gave a pop gun pattern was on 23.6.11. That time the rise was from 5336 to 5760=424pts.
Recovery was from 5760 to 4718=1042 pts., nearly 250%
Freightening? |
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sherbaaz
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Joined: 27 May 2009
Posts: 543
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| Post: #27 Posted: Fri Feb 24, 2012 9:25 am Post subject: Re: Pop gun pattern |
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| s.muthuswamy wrote: | I had not come across a method to find where the recovery to pop gun method comes to an end.
I have seen a no. of scrips and indices exhibiting recovery from 50% to more than 100%
The last time NF gave a pop gun pattern was on 23.6.11. That time the rise was from 5336 to 5760=424pts.
Recovery was from 5760 to 4718=1042 pts., nearly 250%
Freightening? |
this is the most confusing aspect if this pattern there is no reliability when it come back as wht ever has gone up has to come down from some point and vice versa.
but there is no logic to relate it to pop gun pattern. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #28 Posted: Fri Feb 24, 2012 9:30 am Post subject: Re: Pop gun pattern |
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| sherbaaz wrote: | | s.muthuswamy wrote: |
The last time NF gave a pop gun pattern was on 23.6.11. That time the rise was from 5336 to 5760=424pts.
Recovery was from 5760 to 4718=1042 pts., nearly 250%
Freightening? |
this is the most confusing aspect if this pattern there is no reliability when it come back as wht ever has gone up has to come down from some point and vice versa. but there is no logic to relate it to pop gun pattern. |
sherbaaz seth: if u get rise 200 points indicating fall will be anywhere from 100 to 400 this is not enough for you? Also muthuswamy has earlier indicated that MOST PROBABLY fall will be equal ie 200 points in this example. No system will give mathematical precision. For square off please use usual 34 SMA or 50EMA or 8DMA or BB10 etc rgds prakash holla
Last edited by pkholla on Fri Feb 24, 2012 9:40 am; edited 1 time in total |
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sherbaaz
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Joined: 27 May 2009
Posts: 543
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| Post: #29 Posted: Fri Feb 24, 2012 9:38 am Post subject: Re: Pop gun pattern |
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| pkholla wrote: | | sherbaaz wrote: | | s.muthuswamy wrote: |
The last time NF gave a pop gun pattern was on 23.6.11. That time the rise was from 5336 to 5760=424pts.
Recovery was from 5760 to 4718=1042 pts., nearly 250%
Freightening? |
this is the most confusing aspect if this pattern there is no reliability when it come back as wht ever has gone up has to come down from some point and vice versa. but there is no logic to relate it to pop gun pattern. |
sherbaaz seth: if u get up 200 points indicating down will be anywhere from 100 to 400 this is not enough for you? no system will give mathematical precision. for square off please use usual 34 SMA or 50EMA or 8DMA or BB10 etc rgds prakash holla |
wht is enough or not enough is not a Q here. you have not understood my point at all. I am trying to enhance the probability not precision kindly understand if you can.
I am not aware of the method for finding the probable point so asked him. If you can contribute to the problem it would be great.
regds, |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #30 Posted: Fri Feb 24, 2012 9:46 am Post subject: |
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| sherbaaz seth: i am sorry. can i reco a link? put "shares+popgun pattern" search in google. theory nicely explained with chart example of coffee rgds prakash holla |
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