Harmonic Price Pattern of CLND

hairai · 1 Harmonic Price Pattern of CLND Thu Jan 03, 2013 9:31 pm

hairai

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Dear TAH,
Kindly check my post and let me know your opinion

Regards

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sahan8896 · 2 Re: Harmonic Price Pattern of CLND Thu Jan 03, 2013 9:50 pm

sahan8896

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What i have observed is shares like CLND,LHCL,WAPO,KAPI...etc has a price pattern with Index.Can someone compare Index fluctuation and price fluctuation of these.

hairai · 3 Harmonic Price Pattern 2 Thu Jan 03, 2013 9:57 pm

hairai

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Looks like butterfly pattern as well?

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traderathome · 4 Re: Harmonic Price Pattern of CLND Thu Jan 03, 2013 10:12 pm

traderathome

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hairai wrote:Looks like butterfly pattern as well?

Have a look at this Very Happy

traderathome · 5 Re: Harmonic Price Pattern of CLND Thu Jan 03, 2013 10:18 pm

traderathome

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in harmonic patterns we can not assume such and such leg would form therefore i will place buy orders to meet the target levels. this is very dangerous not only trading patterns but any trading technique.that is before formation if you enter its like you are not considering the market trends.

best is to wait until whole pattern is formed for us to enter in. if you look at my chart on your other thread, (butterfly pattern) you will see how effectively you can spot the reversal areas....

although its not 100% but highly/deadly accurate.

when you trade harmonic patterns make sure you have set up stop losses levels....to minimise losses.

TAH