Harmonic Price Pattern

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Harmonic Price Pattern

Postby SHARK » Sun Jan 11, 2015 10:34 pm

Dear Friends
My name is SHARK aka TAH, formally known as Trader At Home. I am not an expert, and prefer to identify as an ordinary member just like anyone. Most of the members know me for my Charts drawn based on Harmonic Price Patterns and other technical charts I had drawn previously from time to time.
I recently started to produce videos on youtube and post them for the benefit of most small retailers engaged in CSE in previous Forums. I have had difference of opinion with previous forums and I am happy to be here and start our own forum.

This forum and my contributions do not necessarily attribute to promotions or manipulations.

I will take great care only to discuss fundamentally strong shares ......

So lets roll... :)

Here is the CHEAT SHEET
patterns.jpg
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Re: Harmonic Price Pattern

Postby SHARK » Mon Jan 12, 2015 1:59 am

The site is still under develop, so please bear that I am unable to post all my youtubes.
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Re: Harmonic Price Pattern

Postby SHARK » Mon Jan 12, 2015 9:52 am

Here I would mainly like to discuss about the 2 main index ASI and S&P..
I will post individual charts on the respective community section, so that it will provide easy access to all relevant charts in one place.
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Re: Harmonic Price Pattern

Postby SHARK » Mon Jan 12, 2015 10:49 pm

lioc.png
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Re: Harmonic Price Pattern

Postby stocker » Tue Jan 13, 2015 11:30 am

Thanks a lot Sharki

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Re: Harmonic Price Pattern

Postby wmdcf » Tue Jan 13, 2015 11:59 am

Thanks Shark! :ymhug:
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

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Re: Harmonic Price Pattern

Postby SHARK » Tue Jan 13, 2015 3:23 pm

I will try and post a chart on ASI & S&PSL20
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Re: Harmonic Price Pattern

Postby Keri » Tue Jan 13, 2015 3:44 pm

Nice to hear from you. Congrats and best wishes for this initiative. Luckily I got a chance to read the thread by Kebba on the other forum before, it was deleted.

Well done. Lets keep the quality of this forum.

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Re: Harmonic Price Pattern

Postby SHARK » Tue Jan 13, 2015 3:46 pm

havent had a look at the Index charts, but any pull back is healthy, but please go on individual share price actions.
When you see a 50%~61.8% correction on individual shares, thats a time to collect in small LOTS.

Accumulate, because the future looks brighter.....

In the run up to the PE in April 2015, market could see sideways movement...... Come Jan 19th 2015 when they convene the Parliament, could see some FIREWORKS :ymparty:
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Re: Harmonic Price Pattern

Postby SHARK » Tue Jan 13, 2015 11:19 pm



Subscribe to the Link :-B
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Re: Harmonic Price Pattern

Postby SHARK » Wed Jan 14, 2015 2:06 am

This is GREG, possible Trading opportunity exist towards 22 initially.

greg.png


So this is highly based on a Technical call, with lower trend channel to hit 14.50ish
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Re: Harmonic Price Pattern

Postby SHARK » Fri Jan 16, 2015 2:05 am

This is the Chart on BFL, I am somewhat obscured to see BFL upward momentum, due to over supply of similar substitutes.
Am I reading too much in to future Price Actions.

Short Term Price Fluctuations BFL could see a Risk towards 115-120 levels.
Would like to a Positive Divergence on Price Fall to 120 or 110 levels.
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Re: Harmonic Price Pattern

Postby SHARK » Fri Jan 16, 2015 2:26 am

Dear Friends,
AEL seeing huge sell off, back of decline future earnings.......
Where will the Selling, subsidize and move towards a Ranging or Cool Off period.
RSI giving a BUY signal, but the signal could be a false indication, whilst MACD too look negative and don't see a reversal so early.
It would take few more weeks to really understand, where the selling pressure will reduce, for Retailers like us to get in without burning our hard earned savings/funds. :D

This is where FIB tool come in handy.

ael.png
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Re: Harmonic Price Pattern

Postby SHARK » Fri Jan 16, 2015 2:49 am

CSF is indicating a Positive Divergence, this could a false indication.
The opportunity would be a pure Trading basis.
With all indication showing a near term appreciation, before pull back and continuation of the trend.

Highly overvalued, but future earning potential has not been calculated. 8-)

I had indicated in SLEF some time back the reversal should occur @4.80Rs/share.

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Re: Harmonic Price Pattern

Postby SHARK » Fri Jan 16, 2015 3:22 am

Well I don't know whether fundamentally is it worth to Enter BALA @26.50 if possible.
The technical chart suggest other-wise.
A symmetrical triangle with remote possibility for a reversal towards a healthy capital gains.
The parallel trend channel indicates 48+Rs to the upper.

Though it is difficult to give a time frame towards the target price, but patience is the key.

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Re: Harmonic Price Pattern

Postby SHARK » Fri Jan 16, 2015 3:24 am

The Circled positions (RSI) tells us the Price Actions on the BALA chart, where price appreciated later on.
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Re: Harmonic Price Pattern

Postby SHARK » Fri Jan 16, 2015 8:53 pm

Just compiled the ASI video, shortwhile ago :D
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Re: Harmonic Price Pattern

Postby SHARK » Fri Jan 16, 2015 9:15 pm

Hello folks,i just compiled the All Share Index Video.
These are my personal thoughts I am sharing openly with the members.
Some may not agree, and you are free to do so :D as different of opinions would be healthy than seeing same thing in same angle.

Here we go....

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Re: Harmonic Price Pattern

Postby SHARK » Fri Jan 16, 2015 9:21 pm

Is there a glitch on youtube uploads :ugeek:
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Re: Harmonic Price Pattern

Postby sashimaal » Fri Jan 16, 2015 9:48 pm

Thanks Shark !
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

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Re: Harmonic Price Pattern

Postby SHARK » Sat Jan 17, 2015 12:18 am

SHARK aka TAH wrote:Dear Friends,
AEL seeing huge sell off, back of decline future earnings.......
Where will the Selling, subsidize and move towards a Ranging or Cool Off period.
RSI giving a BUY signal, but the signal could be a false indication, whilst MACD too look negative and don't see a reversal so early.
It would take few more weeks to really understand, where the selling pressure will reduce, for Retailers like us to get in without burning our hard earned savings/funds. :D

This is where FIB tool come in handy.

ael.png

Early Morning saw some interested party trying to push the share, and failed in the game towards afternoon. =))
What will happen come Monday [-(
Price is what you pay. Value is what you get.”

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Re: Harmonic Price Pattern

Postby IOSirisena » Sat Jan 17, 2015 10:37 pm

Yes I am happy to see you here. I feel this forum very useful and
the other forum is now becoming bored specially in your absence
I wish you and this forum all the best.

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Re: Harmonic Price Pattern

Postby SHARK » Sat Jan 17, 2015 10:42 pm

Thanks IOS.
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Re: Harmonic Price Pattern

Postby SHARK » Mon Jan 19, 2015 11:16 pm

Dear Friends,

Looking at the Index today, dropping almost 2% across and thinking what has happened politically or economically which the new government did wrong compared to the previous one.

The new government came with a mandate advocating good governance, introducing independent commissions, eliminate/reduce corruption and bribery, reduce waste, reduce prices of 10 essential items including petrol,diesel also electricity.

If this government had been elected in another part of the world, ASI would have climbed 8000+ by this date.

I am smelling something fishy with this, given that the new government has the backing of SLFP & UNP to support 100day programme, yet we see CSE is lagging not able to surpass the initial gains that recorded on the eve of victory.

This well and truly indicate that something is wrong some where in SEC/CSE, the remnants of previous regime playing devils advocate creating uncertainty in the minds of small retailers.

I would like to ask our friends in LEF, not to panic in this circumstance and hold onto your nerves, if you have with conviction bought fundamentally strong shares which are promised to make strong earnings in the upcoming months or years, irrespective of short term stutters, then you need not worry too much reading into these volatilities.

I always encourage retailers to buy shares 100% cash and not with Margin facility, this will enable peace of mind.

Further try and collect when you find certain shares are at attractive discount as well as that pays you very good dividends.

Sector Leaders are another way to look at it, and select counters that move ahead of INDICES. ex S&P20 & ASPI.

Good luck

SHARK
Price is what you pay. Value is what you get.”

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Re: Harmonic Price Pattern

Postby Chaminda » Tue Jan 20, 2015 11:40 am

SHARK aka TAH wrote:Dear Friends,

Looking at the Index today, dropping almost 2% across and thinking what has happened politically or economically which the new government did wrong compared to the previous one.

The new government came with a mandate advocating good governance, introducing independent commissions, eliminate/reduce corruption and bribery, reduce waste, reduce prices of 10 essential items including petrol,diesel also electricity.

If this government had been elected in another part of the world, ASI would have climbed 8000+ by this date.

I am smelling something fishy with this, given that the new government has the backing of SLFP & UNP to support 100day programme, yet we see CSE is lagging not able to surpass the initial gains that recorded on the eve of victory.

This well and truly indicate that something is wrong some where in SEC/CSE, the remnants of previous regime playing devils advocate creating uncertainty in the minds of small retailers.

I would like to ask our friends in LEF, not to panic in this circumstance and hold onto your nerves, if you have with conviction bought fundamentally strong shares which are promised to make strong earnings in the upcoming months or years, irrespective of short term stutters, then you need not worry too much reading into these volatilities.

I always encourage retailers to buy shares 100% cash and not with Margin facility, this will enable peace of mind.

Further try and collect when you find certain shares are at attractive discount as well as that pays you very good dividends.

Sector Leaders are another way to look at it, and select counters that move ahead of INDICES. ex S&P20 & ASPI.

Good luck

SHARK


Thanks shark!


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