Practice Technical Analysis for Beginners

[vishalalluri]

hi friends,
here is another chart depicting macd and ema crossovers.
Study the chart with particular attention at the horizontal lines drawn.
Happy learning.
Veluri1967

hi veluri thers some typing mistake u typed horizontal instead of vertical

 

[veluri1967]

thank you vishalalluri,
Can u notice that i am using chartnexus for charts?
Is it possible to view intraday chart in chartnexus?

veluri1967

 

[veluri1967]

Here is another chart which depicts the divergence of MACD with that of Price itself and confirmed by EMA crossover.

 

[vishalalluri]

thank you vishalalluri,
Can u notice that i am using chartnexus for charts?
Is it possible to view intraday chart in chartnexus?

veluri1967

no as per my knowledge we cant for intra day and we need to get rt data so i was thinking till i get experience and i have the need i ll adjust with dis when in depth trading is done one can get real time data and use it with amibroker

try looking a tata chemicals chart lots of bullish signal let it be
macd
rsi
adx
stochastic
GMMA
or ichimokuu

share ur views

 

[vishalalluri]

hey

looks like as per in ur chart u have not updated ur data till date ur data is showing only march price

i have given detailed procedure on how to update it


http://www.traderji.com/technical-a...s-discussion-share-ur-views-4.html#post360499

just in case u have not updated

 

[veluri1967]

:thumb:
Here is the daily chart of DLF.
We can observe an Ascending Triangle Formation as shown in the chart.
Let us see the action of price, and its impact on the RSI and Stochastics.
Keep watching.

this is the link for chart.
http://www.traderji.com/technical-a...s-discussion-share-ur-views-9.html#post362867

 

[veluri1967]

Dear friends,
Here is Keltner Channel.

What is Keltner Channel?

The Keltner Channel is a moving average band indicator whose upper and lower bands adapt to changes in volatility by using the average true range.

What is its use?

The Keltner Channel is used to signal price breakouts, show trend, and give overbought and oversold readings.

Periods of Keltner Channel

There are many variations to calculating the Keltner Channel, but generally speaking a moving average (10 or 20-period) of the typical price [(High + Low + Close)/3] is used to construct the midline. Then the average true range is calculated over a time period (same as midline, 10 or 20-period) and multiplied by a multiple (usually 1.5); the calculated number is then added to the midline to form the upper Keltner Channel and subtracted from the midline to form the lower Keltner Channel.

Further readings on Keltner Chnnel, visit the link below

http://www.traderji.com/technical-analysis/33021-technical-analysis-beginners-3.html

OK friends, here is what u really need to understand the concept better
an example by first chart.

Keltner Channel Overbought & Oversold

The Keltner Channel breakout methodology works great during the transition from range-bound, trendless markets to uptrends or downtrends. However, during those actual trendless market periods, buying breakouts can be costly. During trendless periods, using the Keltner Channel as an overbought/oversold indicator can prove profitable.


Keltner Channel Oversold Buy Signal

When there is a price breakout below the lower Keltner Channel band, wait until the price closes back inside the Keltner Channel. By waiting for a close back inside the Keltner Channel, a trader usually can avoid getting caught in a true Keltner Channel downside breakout.

Keltner Channel Overbought Sell Signal

With a price breakout above the upper Keltner Channel band, it may be advisable to wait until the price closes back inside the Keltner Channel. When a trader waits for a close back inside the Keltner Channel, that trader can usually avoid large losses by not getting caught in a true Keltner Channel breakout to the upside.


Please see example chart No.2

Bye friends,
veluri1967

 

[veluri1967]

It seems nobody is practising technical analysis.
I have no querries to answer.
Should I discontinue this thread since the volume is low.

 

[veluri1967]

You should avoid trade under following situations

The Williams % R indicator is extremely useful and profitable during sideways, non-trending markets.

However, during trends, the Williams % R indicator does not fare as well, leading to losses.

Nevertheless, the Williams % R indicator does give tell tale signs of strong trends that can easily be identified by traders for profit.


when the Williams % R indicator stays in the oversold area (below 20) and any bullish rally barely registers with the Williams %R (i.e. fails to go above 80), then the downtrend is strong and a trader should not go long the market.

Similarly, when the Williams %R indicator stays in the overbought area (above 80) and any attempt at a downturn fails to send the indicator into oversold territory (i.e. fails to go below 20), then the uptrend is strong and a trader should not go short.

The Williams %R is a versatile technical indicator used by many; the indicator gives easily intepreted buy and sell signals, and also informs traders whether or not a market is likely overbought, oversold, or trending strongly.

With a Spy Eye

The Stochastic indicator would be a logical next step for investigation.

 

[rakamath]

Please continue. It would be nice if you attached charts with each explanation so that it becomes easy for the novices to understand.