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WW ON EOD CHARTS |
rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #197 Posted: Sat Feb 02, 2013 8:30 pm Post subject: |
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Self explanatory Bullish WW. SL on EOD basis.
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Andre White Belt
Joined: 06 Jun 2012 Posts: 220
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Post: #198 Posted: Sun Feb 03, 2013 9:00 pm Post subject: |
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rk_a2003
seems channel is diverging....pls confirm
rk_a2003 wrote: | Self explanatory Bullish WW. SL on EOD basis. |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #199 Posted: Sun Feb 03, 2013 9:54 pm Post subject: |
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Andre wrote: | rk_a2003
seems channel is diverging....pls confirm
rk_a2003 wrote: | Self explanatory Bullish WW. SL on EOD basis. |
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Andre,
It appears to be parallel visually. You might have checked with values and corresponding angles, then it could possibly be little diverging. For me divergence of channel is not a problem a little div is not at all a problem. Parallel or diverging channels won’t give you ETA, you have to guess it on your own as I did in this case.
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hedger White Belt
Joined: 07 Oct 2010 Posts: 71
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #201 Posted: Mon Feb 04, 2013 1:09 pm Post subject: |
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not unless it crosses above lower TL with high volume
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amitkbaid1008 Yellow Belt
Joined: 04 Mar 2009 Posts: 540
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Post: #202 Posted: Mon Feb 04, 2013 9:54 pm Post subject: |
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vinay28 wrote: | not unless it crosses above lower TL with high volume |
Not so
vinay28
As per WW setup BATAINDIA has already given entry on 28.01.2013
It was closed above lower trend line on 25.01.2013 with a high of 810 which was taken out next day by making high of 815.85
Now SL is close below 756
But a word of caution here: -
Wadges are not that much contracting so target ETA will be far away and also EPA will be much higher as I cannot see both in the chart. I would like to avoid this one.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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hedger White Belt
Joined: 07 Oct 2010 Posts: 71
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Post: #204 Posted: Tue Feb 05, 2013 8:18 pm Post subject: |
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rk_a2003 wrote: | Self Explanatory +ww in RCOM.
Vinay! pinbar with ww for you. |
Mast he bhai....
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #205 Posted: Tue Feb 05, 2013 9:41 pm Post subject: |
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rkkkkkkkkkkkkkkkk.
If you remember, we discussed a large +ww on rcom long ago when it was around 50.
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Andre White Belt
Joined: 06 Jun 2012 Posts: 220
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Post: #206 Posted: Tue Feb 05, 2013 10:31 pm Post subject: |
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Rk_a2003,
Just for academic purpose...why did you take the point 4 at that candle...there cud be 3 possible potential candles which fulfill all the criteria of making it +WW....
Thanks,
Andre
rk_a2003 wrote: | Self Explanatory +ww in RCOM.
Vinay! pinbar with ww for you. |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #207 Posted: Tue Feb 05, 2013 10:35 pm Post subject: |
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vinay28 wrote: | rkkkkkkkkkkkkkkkk.
If you remember, we discussed a large +ww on rcom long ago when it was around 50. |
Yes! I do.That one is still rocking.
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amitkbaid1008 Yellow Belt
Joined: 04 Mar 2009 Posts: 540
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Post: #208 Posted: Tue Feb 05, 2013 10:40 pm Post subject: |
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rk_a2003 wrote: | Self Explanatory +ww in RCOM.
Vinay! pinbar with ww for you. |
Pinbar should be green for bullish reversal (Preferable)
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #209 Posted: Tue Feb 05, 2013 10:41 pm Post subject: |
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Andre wrote: | Rk_a2003,
Just for academic purpose...why did you take the point 4 at that candle...there cud be 3 possible potential candles which fulfill all the criteria of making it +WW....
Thanks,
Andre
rk_a2003 wrote: | Self Explanatory +ww in RCOM.
Vinay! pinbar with ww for you. |
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Yes, I am expecting someone to throw that question.
There is no particular reason for choosing this point. I was just conservative. Optimists are free to take high point with higer EPA.
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amitkbaid1008 Yellow Belt
Joined: 04 Mar 2009 Posts: 540
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Post: #210 Posted: Tue Feb 05, 2013 10:41 pm Post subject: |
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amitkbaid1008 wrote: | rk_a2003 wrote: | Self Explanatory +ww in RCOM.
Vinay! pinbar with ww for you. |
Pinbar should be green for bullish reversal (Preferable) |
Too small setup chart hence WW should be fast and furious
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