Trade setups: P&F and Candlestick
by PRASHANT SHAH -
P&F and Candles P&F techniques can be traded along with your current methods and systems. Candlestick formations are very popular and widely followed patterns. Point & Figure and Candlestick charts can be analyzed simultaneously to embrace the strength of each other. Below are some ideas. Long P&F columns Long P&F column display trend, there could ... Read more
Engulfing Swing Price Pattern
by PRASHANT SHAH -
Engulfing Price Pattern Below is a picture of Bullish and Bearish Engulfing Candlestick patterns. Abullish candle that engulfs the body of previous bearish candle is known as a Bullish Engulfing candlestick pattern and a bearish candle that engulfs the body of previous bullish candle is known as a Bearish Engulfing pattern. But why only two sessions? ... Read more
Finding trades using two charting methods
by PRASHANT SHAH -
A method of identifying trades using properties of two charting techniques. 1) Look for Anchor column in Point & Figure. I call Long column of ‘X’s or ‘O’s as Anchor column. They represent strong trend / momentum. 2) Look for breakout in that column. Better if there is a major pattern like bear trap, follow-through ... Read more
Identifying important Demand-Supply level.
by PRASHANT SHAH -
A method of identifying important Demand-Supply price level. Principle of Polarity is a popular concept. It says that once a resistance is breached (Demand > Supply), it acts as a support (Demand level) next time when that level is approached. Once a support is broken (Supply > Demand), it acts as a resistance next time (Supply ... Read more
Divergence pattern & Noiseless charts
by PRASHANT SHAH -
Identifying stocks using Divergence pattern and Noiseless charts Divergence between price and indicator is a popular method. We keep getting pattern of divergences during strong trends, price confirmation is required to trade them. There are four types of divergence patterns: Bullish DivergenceBullish Hidden DivergenceNegative DivergenceBearish Hidden Divergence Below is a method explaining how to seek confirmation ... Read more
Trading short-term setups in Multi-timeframe breakout candidates
by PRASHANT SHAH -
Let’s discuss another idea to explore a method of multi-timeframe analysis and planning short-term trades based on it. We will use two types of charting methods for this. Concept Stock is bullish on multiple timeframes and there is a setup in short-term that indicates that there is a scope for price to rally or fall further.Let’s define ... Read more
