Learning Group -VIJAYWADA

[praveen taneja]

BRO WHAT IS YOUR VIEW ON THIS pfs CHART

 

[niftyoption]

BRO WHAT IS YOUR VIEW ON THIS pfs CHART

 

[niftyoption]

Opportunity is missed by most people because it comes dressed in overalls and looks like work.

Thomas Edison

 

[niftyoption]

 

[niftyoption]

 

[XRAY27]

Dear Tj's,

Now a days people are drawing trendlines as per there wish.... but Daryl Guppy presented some important rules which are vital for our analysis on trend line

"Drawing accurate trend lines lies at the heart of chart analysis. It looks easy but accurate trend line placement is more difficult than it appears at first glance. Accurate trend line placement, based on well-defined rules is the foundation of more complex analysis techniques. It is also the foundation of stop loss and risk management

These are the definition and placement rules we use for trend lines.

1. The line is placed along the lows of the price bars in a rising trend. The line is placed along the highs of the price bars in a falling trend.

2. The trend line starts with the extremes of the price bars—the high or the low.

3. The trend line should touch the maximum number of price bar extremes from the available choices. This means we do not exclude too many extremes, nor do we go for the maximum number of hits.

4. The more often a trend line is hit by price extremes, but not broken, the more powerful the trend line signal. When price does close beyond this it is a very strong trend change signal.

Trend lines are used for trend definition, but also as an integral part of some chart patterns. Good analysis, accurate placement, and the application of clearly defined construction rules take the guesswork out of trend lines and turn it into profitable analysis."

 

[XRAY27]

Three simple principle/s of learning of price action

1. Set the market landscape with support and resistance.

2. Pick up one trading setup.

3. Learn about positive expectancy and probabilistic mindset.

 

[niftyoption]

" TWO BIGGEST CHALLENGES IN TRADING "

When it comes to trading, the two biggest challenges are:

1. Losing money

2. Making money

Each of these events will cost its own. At all times, you must be in control of
your emotions and your ego in order to make the best possible trading decisions.

our trading system should make that , It protect capital and also work for making money also, both qualities required.

 

[anilnegi]

Dear Tj's,

Now a days people are drawing trendlines as per there wish.... but Daryl Guppy presented some important rules which are vital for our analysis on trend line

"Drawing accurate trend lines lies at the heart of chart analysis. It looks easy but accurate trend line placement is more difficult than it appears at first glance. Accurate trend line placement, based on well-defined rules is the foundation of more complex analysis techniques. It is also the foundation of stop loss and risk management

These are the definition and placement rules we use for trend lines.

1. The line is placed along the lows of the price bars in a rising trend. The line is placed along the highs of the price bars in a falling trend.

2. The trend line starts with the extremes of the price bars—the high or the low.

3. The trend line should touch the maximum number of price bar extremes from the available choices. This means we do not exclude too many extremes, nor do we go for the maximum number of hits.

4. The more often a trend line is hit by price extremes, but not broken, the more powerful the trend line signal. When price does close beyond this it is a very strong trend change signal.

Trend lines are used for trend definition, but also as an integral part of some chart patterns. Good analysis, accurate placement, and the application of clearly defined construction rules take the guesswork out of trend lines and turn it into profitable analysis."

XRAY

Based on above i have posted chart of TATA Motor 1 year, but the problem is the trendline is not perfectly matched always, how to trade using trendline, pls suggest

anil negi

 

[timepass]

XRAY

Based on above i have posted chart of TATA Motor 1 year, but the problem is the trendline is not perfectly matched always, how to trade using trendline, pls suggest

anil negi

Looks like someone expert in Andrew's pitchfork should take a look at that chart and comment.

Kavima, where are you ??