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CANDLESTICKS PATTERN ---You like most

From : Barun Biswas at 08:14 PM - Apr 29, 2011 ( )
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Please share your favourite candlestick/candlesticks pattern,

you like most to enter/exit your trade( daily/swing).




In Reply to above Message (1 to 20 out of 22) -- Latest Replies are put on Top | First | << Previous | Next >> | Last |

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From : Pradip Ray at 04:44 PM - Apr 30, 2011 ( )


Dear Barun,

I put up 3 stocks for  study - one very actively traded while the other is sufficiently liquid and has its result recently declared. For a study of the pattern they may be taken up. Look @ HDFC ( a three inside outside down syndrome ) and CESC( A bullish harami) and Provogue - a reversal pattern ( Morning Doji ).Let us see if action could be taken on them. Check, whereever possible. the OI built up / down and support levels.





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From : Subu Mani at 12:49 PM - Apr 30, 2011 ( )


http://platinum.optionetics.com/pdf/ophCandlestick.pdf





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From : Barun Biswas at 12:22 PM - Apr 30, 2011 ( )


@ Pr Raja    -- Difference between Harami & Inside day-

Unlike the Western “Inside Day”, just the body needs to remain in the previous day's body(harami), where as the “Inside Day” requires both the body and the shadows to remain inside the previous day's body.





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From : Barun Biswas at 11:45 AM - Apr 30, 2011 ( )


http://www.theforexguide.net/2/Candlestick.pdf



You can read the details of differenr candlesticks pattern from above pdf file.





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From : Pradip Ray at 11:40 AM - Apr 30, 2011 ( )


Bullish harami is not a good reversal pattern as they claim. U may chk it here.

http://www.fxwords.com/b/bullish-harami-candlestick.html





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From : Sandew Sandew at 08:26 AM - Apr 30, 2011 ( )


Candlesticks nice





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From : Barun Biswas at 11:47 PM - Apr 29, 2011 ( )


Dada-As per defination( open & close inside the previous days open & close)

TATASTEEL formed a harami pattern (BULLISH).

Good night.





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From : Pradip Ray at 11:38 PM - Apr 29, 2011 ( )


Dear Barun

as u said u love Harami, pls chk Tata Steel chart in both Nexus and here http://www.vfmdirect.co.in/stocks/TATASTEEL.html. Is it pure Harami as yet ?





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From : Barun Biswas at 10:19 PM - Apr 29, 2011 ( )


Below  an example of how to take entries into trends:

AXS Candlestick Chart





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From : Ankur Dhoot at 10:17 PM - Apr 29, 2011 ( )


http://www.mudraa.com/trading/68221/0/simple-and-very-basic-candlesticks-study-for-beginners.html





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From : Srinivasa Rao S at 09:21 PM - Apr 29, 2011 ( )


 


Bearish Three Black Crows Pattern

  


BEARISH THREE BLACK CROWS

Type: Reversal
Relevance: Bearish
Prior Trend: Bullish
Reliability: High
Confirmation: Suggested
No. of Sticks: 3

 

Definition:             Get the highest rated stock from Americanbulls for this pattern >>>

The Bearish Three Black Crows Pattern is indicative of a strong reversal during an uptrend. It consists of three long black candlesticks, which look like a stair stepping downward. The opening price of each day is higher than the previous day's closing price suggesting a move to a new short term low.

Recognition Criteria:

1. Market is characterized by uptrend.
2. Three consecutive long black candlesticks appear.
3. Each day closes at a new low.
4. Each day opens within the body of the previous day.
5. Each day closes near or at its lows.

Explanation:

The Bearish Three Black Crows Pattern is indicative of the fact that the market has been at a high price for too long and the market may be approaching a top or is already at the top. A decisive downward move is reflected by the first black candlestick. The next two days show further decline in prices due to profit taking. Bullish mood of the market cannot be sustained anymore.

Important Factors:

The opening prices of the second and third days can be anywhere within the previous day's body. However, it is better to see the opening prices below the middle of the previous day's body.

If the black candlesticks are very extended, one should be cautious about an oversold market.

The reliability of this pattern is very high, but still a confirmation in the form of a black candlestick with a lower close or a gap-down is suggested.





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From : Sanjay Kumar at 09:19 PM - Apr 29, 2011 ( )


my favourite candle patterns are hammer/shooting star (pin bars ), engulfing & harami ( an inside bar = more small bars within  a long candle prefered)

 in context with trend and support and resistance levels.





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From : Barun Biswas at 08:48 PM - Apr 29, 2011 ( )


Yes Pradip da-- It is always better to use other technical indicators,

like EMA/trendline/Other Momentum indicators to filter the trade direction.





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From : Pradip Ray at 08:41 PM - Apr 29, 2011 ( )


We may not simply go by Candles. There r false candle patterns - particularly some patterns are not very reliable. We may see RSI and MACD as well. In candles, per se, multple indecisiveness , as we see in morning and ev star / doji, including gravestone, and a green/red line, invariably give a move in the desired direction. However in no of instances if the doji happens lower/higher than BB line , it gets negated.





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From : Barun Biswas at 08:32 PM - Apr 29, 2011 ( )


Dear Mukesh- I am not a master in trading,still learning for a better result.

My favourite--Hammer & Harami.





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From : Srinivasa Rao S at 08:29 PM - Apr 29, 2011 ( )


How many Min. req each bullish and berish candil stick to guess the market direction.





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From : Mukesh Kumar at 08:29 PM - Apr 29, 2011 ( )


Barun ji good if you explain when & how to trade these patterns.

Will be helpfull for all of us





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From : Kiran Badgujar at 08:28 PM - Apr 29, 2011 ( )


hammer....doji.....engulfing candles

my fevourite is hammer

animated gifs hammers





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From : Barun Biswas at 08:25 PM - Apr 29, 2011 ( )


Bearish Candlestick Patterns

bearish candlestick patterns





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From : Mukesh Kumar at 08:25 PM - Apr 29, 2011 ( )


Morning & evening stars




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