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Sri Lanka Equity Forum » Stock Market Charts & Graphs » Technical Analytics & Charts (1)

Technical Analytics & Charts (1)

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1 Technical Analytics & Charts (1) on Wed Mar 14, 2012 8:42 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
First topic message reminder :

In this lesson, we'll be looking at harmonic price patterns. These bad boys may be a little harder to grasp but once you spot these setups, it can lead to some very nice profits!

The whole idea of these patterns is that they help people spot possible retracements of recent trends. In fact, we'll make use of other tools we've already covered - the Fibonacci retracement and extensions!

Combining these wonderful tools to spot these harmonic patterns, we'll be able to distinguish possible areas for a continuation of the overall trend.

In this lesson, we're going to discuss the following Harmonic Price Patterns:
ABCD Pattern
Three-Drive Pattern
Gartley Pattern
Crab Pattern
Bat Pattern
Butterfly Pattern
Phew! That's quite a lot to cover!

But don't you worry... Once you get the hang of things, it'll be as easy as 1-2-3! We'll start off with the more basic ABCD and three-drive patterns before moving on to Gartley and the animals.

After learning about them, we'll take a look at the tools you need in order to trade these patterns successfully.

For all these harmonic patterns, the point is to wait for the entire pattern to complete before taking any short or long trades. You'll see what we're talking about later on so let's get started!



source:baby pips  Very Happy


881 Re: Technical Analytics & Charts (1) on Mon May 06, 2013 8:18 pm

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
opinion on what brings us tomorrow....

we need speculative and rest to follow till 6400....

possibility tomorrow to have intraday risk on selling....

Plantations need to come on board ....and the banks too...

seeing BFL has made few gains which is encouraging......

SAMP needs to pull up its socks and make some headway for me....with current sentiments imo SAMP has already completed the correction.so waiting it to break above 230.

i would love to see it surpasses 255 LLUB Smile if positive momentum continues @ CSE.


882 Re: Technical Analytics & Charts (1) on Mon May 06, 2013 8:38 pm

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
TAFL looks though in course to 54Rs. That would complete BAT formation @88.6%

883 Re: Technical Analytics & Charts (1) on Mon May 06, 2013 8:53 pm

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
BFL needs to break 160 ....this week Surprised if all goes GREEN ...then no doubt it will be trading closer to 160 or above.

I love to see 200 breaking.... Very Happy

chicken rally,plantation rally, please do your thing .....dont let us down this time...... Very Happy

make me a rich man cheers

884 Re: Technical Analytics & Charts (1) on Tue May 07, 2013 9:18 am

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Why Nobody talks about RICH.N Sad
I am LONG @6.9 T1 8 T2 10 correction expected @T1 or T2 2ith SL 6.5/6.4 as per your risk apetite...
TAH

885 Re: Technical Analytics & Charts (1) on Tue May 07, 2013 11:22 pm

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
when will my SAMP shares start moving above 240 (previous high).

Its better to move from tomorrow than being sorry Crying or Very sad

886 Re: Technical Analytics & Charts (1) on Wed May 08, 2013 7:46 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Here is the technical chart on DIAL.N.

The Res @9.4 broken and may make a move towards a target price of 11-11.50 in coming days.

Chart pattern is Ascending Triangle (continuous) bullish pattern.

During the Res level around 9.4 since the beginning we witnessed the volumes gradually decreased, and we are seeing some activity presently with the BULL run (coincident Smile )

Good Luck

TAH
I am Holding small qty. DIAL[img][You must be registered and logged in to see this image.][/img]

887 Re: Technical Analytics & Charts (1) on Wed May 08, 2013 7:54 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yesterdays activity on HOPL is it due to Financials leaking out.....last year they issued last qtr much earlier if i remember from their records it was April , and the year before in 1st week of May.

This year why its delayed Smile

will the announcements come this week with 2-3 Rs dividends......EPS i am expecting 8-9

This is not BUY/HOLD or SELL recommendation.

TAH

888 Re: Technical Analytics & Charts (1) on Wed May 08, 2013 8:09 am

Slstock

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Director - Equity Analytics
Director - Equity Analytics
Or is it beacasue CERA/LWL moved.


@traderathome wrote:Yesterdays activity on HOPL is it due to Financials leaking out.....last year they issued last qtr much earlier if i remember from their records it was April , and the year before in 1st week of May.

This year why its delayed Smile

will the announcements come this week with 2-3 Rs dividends......EPS i am expecting 8-9

This is not BUY/HOLD or SELL recommendation.

TAH

889 Re: Technical Analytics & Charts (1) on Wed May 08, 2013 8:57 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:Or is it beacasue CERA/LWL moved.


@traderathome wrote:Yesterdays activity on HOPL is it due to Financials leaking out.....last year they issued last qtr much earlier if i remember from their records it was April , and the year before in 1st week of May.

This year why its delayed Smile

will the announcements come this week with 2-3 Rs dividends......EPS i am expecting 8-9

This is not BUY/HOLD or SELL recommendation.

TAH
could be a combination of the TWO. scratch

some thing BIG is being fried..... king well i do not know ....my avg cost of holding around 27rs.

did read something on the Natural Rubber futures, flower

interesting in regard to future demand (2013) from US/China... Basketball cheers

rabbit

890 Re: Technical Analytics & Charts (1) on Wed May 08, 2013 11:25 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Perhaps BULLs will close in GREEN towards the latter part of the DAY.

891 Re: Technical Analytics & Charts (1) on Fri May 10, 2013 12:44 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
VONE.N I will collect @ 19.50ish

892 Re: Technical Analytics & Charts (1) on Fri May 10, 2013 12:06 pm

Backstage

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Moderator
Hi TAH, do you have a chart on AEL ? Thnx Smile

893 Re: Technical Analytics & Charts (1) on Fri May 10, 2013 11:09 pm

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
did have a look sometime back. try to refer previous posts on HPP thread.should be able to find.although i am interested on AEL due to poor action (volatility) my mind says there are better counters to search....

no offence
TAH

894 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 12:47 am

Slstock

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Director - Equity Analytics
Director - Equity Analytics
TAH,

Regarding ASI:

If a correction happens what next resistance do you see ?

895 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 1:23 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
6025

896 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 1:30 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I prefer the correction to 6025 meaning next week without further advance towards 6435 +/- instead.
This would be more acceptable than a major correction of 400 points,that can trigger positive sentiment erosion of the retailers.



897 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 1:39 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
already the signals are that its going to breakaway 6300 although it has not breached successfully. imo it should fail for but you never know with the interst rate cut today may add fuel to fire.

i do not want to be the whistle blower....but the correction is due for 200 points give and take few points +/-.

if it does not happen then expect it @6435 for a bigger correction

898 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 2:01 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Here is the Elliot Wave completion confirmation Smile

[img][You must be registered and logged in to see this image.][/img]

899 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 2:06 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Some can have different calculations ....for me as long as 6000 points are not broken i will not worry my self too much.

happy trading...
Smiling
TAH cheers

900 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 2:07 am

Slstock

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Director - Equity Analytics
Director - Equity Analytics
Yes, some red is good but not too much to kill confidence.
I also feel 200 points drop now is healthier than further increase and then a bigger drop to panic people more. staying above 6000 is very important I think.


But going by the overall market interest there are so many counters that did not increase substantially. Will there be room for ASI go up more maybe to 6500 before the drop?

Only time will tell.

Btw I sold my TPL after dividends. Plantations seem stangant except for HOPL and MADU.

I think you may have achieved your 1st target for Mask?




@traderathome wrote:already the signals are that its going to breakaway 6300 although it has not breached successfully. imo it should fail for but you never know with the interst rate cut today may add fuel to fire.

i do not want to be the whistle blower....but the correction is due for 200 points give and take few points +/-.

if it does not happen then expect it @6435 for a bigger correction

901 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 2:08 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
so its 1st in any equity srilankan forum about the EW.

I hope some other chartists noticed this especially the brokers such as CT ....

902 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 2:12 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@SLStock

If you now look at the EW count...for me there is more room to go up up and away.It all depends on the magical 6000 mark not put on pressure by the MF (market forces)

lets enjoy a bit.

Good night all

Sleepy TAH

903 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 2:19 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I am LONG on MASK & KOTA & WATA. all 3 do not give EXIT so far.
TPL i will shed when the price is right sooner the better.

waiting for correction on VONE...
Also waiting for SAMP correction to accumulate.


904 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 9:19 am

Slstock

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Director - Equity Analytics
Director - Equity Analytics
Shouldn't the EW 3 be much longer according to theory?

Also looking at longer term and going by EW 5 ( should be shorter than Ew 3 on theory), will it be long enough to break 7800?

Am curios to find what happens to 5 wave elliot theory if there is no bear trend after wave 5?



@traderathome wrote:@SLStock

If you now look at the EW count...for me there is more room to go up up and away.It all depends on the magical 6000 mark not put on pressure by the MF (market forces)

lets enjoy a bit.

Good night all

Sleepy TAH

905 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 1:37 pm

Redbulls

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Director - Equity Analytics
Director - Equity Analytics
@traderathome wrote:so its 1st in any equity srilankan forum about the EW.

I hope some other chartists noticed this especially the brokers such as CT ....

I received the following from one of our regular contributor to this forum on 6th of May 2013.
May be some of you also received by PM.

[You must be registered and logged in to see this image.]

906 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 4:38 pm

wappula

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Manager - Equity Analytics
Manager - Equity Analytics
Is this TAH's diary of stock trading?

907 Re: Technical Analytics & Charts (1) on Sat May 11, 2013 5:56 pm

Backstage

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Moderator
@traderathome wrote:did have a look sometime back. try to refer previous posts on HPP thread.should be able to find.although i am interested on AEL due to poor action (volatility) my mind says there are better counters to search....

no offence
TAH

Non taken. Will try searching. Am looking at different sectors for medium term. Also interested in ACL , lower copper prices this year would have a positive impact I feel. Should be reflected in upcoming results.

908 Re: Technical Analytics & Charts (1) on Mon May 13, 2013 8:35 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
this journey could take us to 7200-7500 if played wiser by our big boys....imo we are in the mini III wave (i mean III of 3 major wave) and correction to complete the 4th mini wave is yet to see. as long as 6000 is not threaten we can peacefully enjoy the bull run.

909 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 9:27 am

laksharemk


Senior Equity Analytic
Senior Equity Analytic

TAH, as per 12345ABC elliot wave pattern can there be five steps for a down trend as depicted in your chart, bit confused, can you please clarify?


@traderathome wrote:Here is the Elliot Wave completion confirmation Smile

[img][You must be registered and logged in to see this image.][/img]

910 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 9:58 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
yes Very Happy

911 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 10:00 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
now we are in 3rd wave on the major wave....(overall trend bullish now) as per my calculation

912 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 10:07 am

laksharemk


Senior Equity Analytic
Senior Equity Analytic
@traderathome wrote:yes Very Happy

I mean the chart should only have ABC in down trend and not 12345, but your chart shows 12345 in downtrend as well?

913 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 10:09 am

hairai


Senior Equity Analytic
Senior Equity Analytic
Hi ,
My prediction also same. (Cannot upload the chart). Now we are in 4 of Major wave 3. The wave 5 of 5 should be 7200 or more based on 161.8% Fib.

Din not see Harmonic Charts from you for long time. Please update.

Regards

914 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 11:53 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@laksharemk wrote:
@traderathome wrote:yes Very Happy

I mean the chart should only have ABC in down trend and not 12345, but your chart shows 12345 in downtrend as well?
Whether in Bullish or Bearish trend 12345 & ABC correction, will be there. Surprised

915 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 12:16 pm

laksharemk


Senior Equity Analytic
Senior Equity Analytic
Ok got it, so we can safely say the corrrection of the bearish trend is over based on bearish wave and 123 of bullish trend completed. Thanks Very Happy

916 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 12:27 pm

wappula

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Manager - Equity Analytics
Manager - Equity Analytics
thank you TAH you back on the track..

917 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 12:28 pm

Green79

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Equity Analytic
Equity Analytic
Good job TAH...!

918 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 2:09 pm

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Hurray 12.70 WATA.N

target 15rs near term

919 Re: Technical Analytics & Charts (1) on Tue May 14, 2013 2:11 pm

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I am Holding WATA.N

So trade with care...

Though pattern looks FLAG, but the duration it has taken worries me to consider as a valid pattern, nevertheless the B/o is 13 i suppose

TAH

920 Re: Technical Analytics & Charts (1) on Wed May 15, 2013 10:49 pm

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Here is the chart on WATA.N Very Happy
[img][You must be registered and logged in to see this image.][/img]

921 Re: Technical Analytics & Charts (1) on Fri May 17, 2013 10:22 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Wata trading with a GAP ....Target 15

Plc trading @15 ... and are we ready to move towards 18 this time around....

I like this PA ...would always indicate a Bullish candle in next few days in order to confirm the uptrend.

So i put a BUY order @ 15 SL 14.4 TP1 18 Very Happy
Order not filled yet



Last edited by traderathome on Fri May 17, 2013 11:15 am; edited 1 time in total

922 Re: Technical Analytics & Charts (1) on Fri May 17, 2013 11:10 am

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Put a BUY order BBH Smile waiting to be filled.......

923 Re: Technical Analytics & Charts (1) on Fri May 17, 2013 4:26 pm

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Here is the RAL.N chart

[img][You must be registered and logged in to see this image.][/img]

924 Re: Technical Analytics & Charts (1) on Fri May 17, 2013 4:28 pm

Slstock

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Director - Equity Analytics
Director - Equity Analytics
Did you study the RHL chart also( along with RAL) Now at Rs 40, if there is a further push can go ti Rs 50+.






@traderathome wrote:Here is the RAL.N chart

[img][You must be registered and logged in to see this image.][/img]

925 Re: Technical Analytics & Charts (1) on Fri May 17, 2013 4:39 pm

traderathome

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Bought SHL @12.10

Further Buying around 11.50 Basketball

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