As you can see, went short below the point marked and covered before closing bell as my trade was in cash. Also its a weekend, remember?
Booked 3.07% profit !!
Friday, June 5, 2009
Update: HDIL Wolfe Wave
,
Update on HDIL Wolfe Wave posted earlier: Below is the updated chart.
As you can see, went short below the point marked and covered before closing bell as my trade was in cash. Also its a weekend, remember?
Booked 3.07% profit !!
As you can see, went short below the point marked and covered before closing bell as my trade was in cash. Also its a weekend, remember?
Booked 3.07% profit !!
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6 comments:
Wow, your analysis is just so correct! I dont have words to praise you, trust me!! An average technical analyst would have gone long after the channel breakout, taking cues from global markets etc. You are simply awesome to have rightly analyze and trade it against the most apparent trend.
I have always seen people claiming how brilliantly they have traded after every thing is done done. You have posted your analysis before day and traded exactly as you said. Very well done, keep it up!
God bless you and hoping to see more like these.
RAM
Thank you RAM, for you nice words.
Cheers,
Doji
Doji,
Have been following your blog since about a fortnight now. It seems You are specializing in Wolfe Waves and Gartley pattern.Great.
I was reading about wolfe waves in articles searched by Google. I feel the simplest way to identify a wolfe wave in making is to identify V or Inverted V first and keep tracking it and see it developing as a wide W or M . Am i on right track?
Thanks and Regards.
ttthakur
yes, that is the beginning and you are on right track. WW is some what complex and at times confusing pattern as the entry is against trend. Will need lot of practice, good luck.
Doji,
tnx for your good wishes.
Sorry, I have to make a correction to what i said about You specializing in Wolfe Waves and Gartley Patterns. Now I realise You are expert in all types of patterns and not just wolfe waves and gartley.
Best wishes and Regards.
ttthakur
Thank you ttthakur.
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