Also need some help that whether FTC above PDL (initially) was a short signal. Though it eventually did not prove to be one, but during the course of market I thought it to be.
Sir.I am regular visiting your blog & I am trading only on price & volmes with japanies canles conept please make some comment for my better understanding.Today On plain fno 5 M chart with vol only low 5838 candles:Tail shaped low making vol:8,40,000 L 5838 C 5866.(2)Next to it.vol 1,49,000 L 5843 C 5489.Both tailed shapes shows priece absorption 3rd storng bullish but 4th "MARUBOZU"full shaven bullish candle.Both swallow all sell off.5th hammer.If low making candles is "MORUBOZU" bearish price can stll go down.Buy triggers.
ST Sir,
ReplyDeleteDid u take any trades today?
Also need some help that whether FTC above PDL (initially) was a short signal. Though it eventually did not prove to be one, but during the course of market I thought it to be.
Anurag
ReplyDeleteNo.I was attending office
It is not FTC,but BPB of PDL. Avoid it as FTA was too close.I have marked it
One can safely short immediately after open with SL above BRN,PDH and Do.
ST
Sir.I am regular visiting your blog & I am trading only on price & volmes with japanies canles conept please make some comment for my better understanding.Today
ReplyDeleteOn plain fno 5 M chart with vol only low 5838 candles:Tail shaped low making vol:8,40,000
L 5838 C 5866.(2)Next to it.vol 1,49,000 L 5843
C 5489.Both tailed shapes shows priece absorption
3rd storng bullish but 4th "MARUBOZU"full shaven
bullish candle.Both swallow all sell off.5th hammer.If low making candles is "MORUBOZU" bearish price can stll go down.Buy triggers.
Please read (2)vol 1,49,0000
ReplyDeleteC 5849 typing mistake.
Harish
ReplyDeleteSorry. Could not follow your question properly.
I do not follow Volume or candle patterns.
ST