Finding the sell point is not as easy. And even more prized phenomenon is when, there is no pause, no consolidation. Those who entered, [mind you when they were entering they were extremely psychologically uncomfortable, but entered nevertheless], would be laughing at the higher levels, and those who kept waiting for retracement/consolidation will be repenting. eg. LICHFSG, KHAITAN etc etc...
Renu hi Brilliant thought on Parabolic Curve Patterns but like Soham said the SELL point wont be easy to identify. Nevertheless like the saying goes "easy come easy go" we might have a swift correction! Cheers and Regards Manoj
Its true that finding a selling point in such pattern is very difficult, i just saw smillarities in this pattern and sensex movement so posted the chart.
Parabolic curve pattern is new to me, never heard of it before. But at the sight of it, it look very similar to Bump and Run Reversal (BARR), could you clarify?
recent bubble in silver was captured by using rsi. hope this of any help. http://spyfrat.wordpress.com/2011/04/26/agq-proshares-ultra-silver/#comment-1096
Finding the sell point is not as easy. And even more prized phenomenon is when, there is no pause, no consolidation. Those who entered, [mind you when they were entering they were extremely psychologically uncomfortable, but entered nevertheless], would be laughing at the higher levels, and those who kept waiting for retracement/consolidation will be repenting. eg. LICHFSG, KHAITAN etc etc...
ReplyDeleteNice to come across your blog.
Another System Trader
Soham
Renu hi
ReplyDeleteBrilliant thought on Parabolic Curve Patterns but like Soham said the SELL point wont be easy to identify.
Nevertheless like the saying goes "easy come easy go" we might have a swift correction!
Cheers and Regards
Manoj
Hi jumpup and Trin2Trade,
ReplyDeleteIts true that finding a selling point in such pattern is very difficult, i just saw smillarities in this pattern and sensex movement so posted the chart.
Hi Renu, Sohan, Manoj,
ReplyDeleteParabolic curve pattern is new to me, never heard of it before. But at the sight of it, it look very similar to Bump and Run Reversal (BARR), could you clarify?
-Doji
hi, u can use rsi for the sell point or the burst
ReplyDeleterecent bubble in silver was captured by using rsi. hope this of any help.
ReplyDeletehttp://spyfrat.wordpress.com/2011/04/26/agq-proshares-ultra-silver/#comment-1096
http://spyfrat.wordpress.com/2011/04/28/gold-silver-end-of-luster/#comment-1095