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  #21 (permalink)  
Old 11-06-2015, 10:31 PM
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Originally Posted by devdas View Post
If possible show this bullish alternate bat formation example chart.

And what is meaning by last engulfing pattern ?
So is this presumption that market is poised for reversal from 7981-7959 ?
What is the timeframe on which this sought reversal ?

Even if its last engulfing pattern it can still fall 1000 point without giving further engulfing pattern


ya mkt may/will fall even after all this analysis but on probability basis it seems to me that upside reversal may come. its the trade set up i had anticipated 8-10 days back to go long in nifty either using nifty futures or nifty bees.

time frame as is EOD.

last engulfing is basically a panicky move either on the upside/or down side as the case may. it normally comes in the accumulation/dist stage.



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s
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  #22 (permalink)  
Old 11-06-2015, 11:00 PM
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Originally Posted by sherbaaz View Post
..........................
time frame as is EOD.

last engulfing is basically a panicky move either on the upside/or down side as the case may. it normally comes in the accumulation/dist stage.

regds,
s

Hmmm....nice to see when we visualize same exactly.

This panicky engulfing ( 12- May ) has already once factor in "New and Virgin" fall. Look the chart and that was one of basis of my smell of bullishness at that time. And that played exactly as you can think of this in that situation. I used word "Virgin" , you can think of its sense in those circumstances when volatility scare like its going to crash subsequently that big bear bar but its not like that in background.

On the contrary fall this time is not "Virgin" in that sense. This IMO is natural continuation which expands more to downside.





Originally Posted by devdas View Post
..........................................
However medium term is bearish and we can see next support of 7780 but development of yday and today giving me some smell of bullishness from my experience that can refurnish the price towards 8500 in near future.

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  #23 (permalink)  
Old 11-06-2015, 11:06 PM
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Originally Posted by devdas View Post

This panicky engulfing ( 12- May ) has already once factor in "New and Virgin" fall.

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the one you have highlighted 12th may candle is not the last engulfing candle/bar.

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s
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Old 12-06-2015, 12:11 AM
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Originally Posted by sherbaaz View Post
the one you have highlighted 12th may candle is not the last engulfing candle/bar.

regds,
s

But this you can say today after seeing "Future". In past that day was "Present" with no right side edge.

Though i was more emphasized on "Panicky" nature not on Last.

Originally Posted by devdas View Post
......................................
you can think of this in that situation. I used word "Virgin" , you can think of its sense in those circumstances when volatility scare like

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  #25 (permalink)  
Old 12-06-2015, 08:52 AM
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Originally Posted by devdas View Post
But this you can say today after seeing "Future". In past that day was "Present" with no right side edge.


in the past when that day was present day at tht time also it was not a last engulfing pattern.
it has nothing to do with hindsight/foresight analysis

regds,
s
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  #26 (permalink)  
Old 12-06-2015, 09:19 AM
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NF EOD alternate bullish bar

regds,
s
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  #27 (permalink)  
Old 12-06-2015, 09:31 AM
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Found this on Last Engulfing.

http://thepatternsite.com/LastEngulfBottom.html
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  #28 (permalink)  
Old 12-06-2015, 09:39 AM
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Originally Posted by devdas View Post
Found this on Last Engulfing.

http://thepatternsite.com/LastEngulfBottom.html

12th may candle is not an engulfing candle the primary condition is not fulfilled

regds,
s
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"As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble."
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  #29 (permalink)  
Old 15-06-2015, 03:45 PM
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inst: nifty future
time frame: 5M
date: 15-06-15

regds,
s
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"It is vain to do with more what can be done with less"
"It is easy to do, and it is easy not to do"
"Momentum precedes price"
"As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble."
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  #30 (permalink)  
Old 16-06-2015, 10:01 AM
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in cont to post no 29 below is the NF 15M chart
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