Technical Analysis for Beginners

[VJAY]

Re: Indentify Market Stages to enter Trade

@ Veluri,
The point as I was trying to make was to give the source and not just copy paste. You have been posting things as if you have written here. Its one thing to share knowledge and another to pass on as yours.

You can discuss BB, MA, MACD, etc...but if you are copy-pasting from the web, it helps to know where the material is originating from.

As about Trade Guider systems, it quite famous and popular to be promoted by me. In short, it does not need my marketing services.

Dear bunny,

Where is thr tradeguider system?If it is in TJ pl give me the link.

 

[bijuskaria]

thanks for your support to the beginers for their share trade and wise in vestments.................thanks for the extreme support

 

[veluri1967]

Re: Indentify Market Stages to enter Trade

Hi...bunny

@ Veluri,
You have been posting things as if you have written here

Have I?

Here is my answer as a extract of my first post.

Originally Posted by veluri1967

I have started this thread to introduce you to various technical parameters and indicators involved in share trading.

I have collected this information from various sources.
I am posting this information one by one for my new friends on this site.
Seniors also welcome if they need to refresh their knowledge and skills.

My humble request to seniors to add and share their views on the indicator and any changes/improvements needed may be provided.

You can discuss BB, MA, MACD, etc...but if you are copy-pasting from the web, it helps to know where the material is originating from.

This is positive and its what I expected of you:thumb:
I will make it a point.

As about Trade Guider systems, it quite famous and popular to be promoted by me. In short, it does not need my marketing services.

This is a reaction to my negative comment.
Negative comments breeds lot of reactions leaving no scope for synergy.

Never mind. Let us build synergy to climb to higher levels of learning.

Thanks
veluri1967:thumb:

 

[veluri1967]

As many of us now understood, the importance of studying various charts with bare eye.

Printing, saving charts is cumbersome and copying and pasting them is even more.

Why not have a look here.

60 charts to display.

http://www.nobrainertrades.com/2008/10/trading-strategy-examples.html

veluri1967

 

[veluri1967]

Intraday trade with Unitech.

Pivots set for today.

PP - 106.30

R1 - 107.35
R2 - 109
R3 - 110

S1 - 104.65
S2 - 103.60
S3 - 102

Market scenerio at 10:30 AM
Nifty & BSE both were in negative zone.
In the market watch list, Unitech is displayed in TOP 5 declines.

The trades were as follows :-

Long

Buy 100 @ 103.05
Sell 100 @ 102.50
Loss of 0.55 x 100 = 55

Short

Sell 100 @ 102.50
Sell 100 @ 102.75
Buy 200 @ 102.05
Profit of 0.45 x 100 + 0.70 X 100 = 115

Short

Sell 100 @ 102.40
Sell 100 @ 102.70
Buy 200 @ 102.35

Profit of 0.05 x 100 + 0.35 X 100 = 40

Total profit = - 55 + 115 + 40 = 100 including brokerage.

The lessons learnt are important than the numbers.

1. Plot Pivot Lines before start of trade on the chart.
2. Not to initiate trade just on first confirmation. Let the whipsaws cool down. (See the chart from 10:25 to 10:40).
3. Donot chase the price. If opportunity lost, never mind we will have it again. (My first LONG loss is because of this as my BUY ended at the top).
4. Interpretation of sudden spurt of volumes is very important whether on RED bar or BLUE bar.
5. Avoid trading between two pivot points. (My nerve wrecking is due to this).
6. Lot of patience is required to meet our targets.
7. Donot anticipate anything. Let the price action decide it.
8. If you are confident of trend, nothing wrong to average your trade even if it is in loss.
9. Well balanced emotions is the key. (Fear of Loss, loosing profit etc should not interefere with your strategy).


Throughout the day the nerves were taken out.
The movement I initiate trade, the price simply drifts making my decision wrong. Keeping my cool is found very nerve wrecking.

I hope paper trading does not give this experience.

Please share your views.

If possible try like this low risk trade, experience yourself.

I will edit the post to show exact times of trade which will make it easier to assess what is right or wrong.

 

[vishalalluri]

Intraday trade with Unitech.

Profit of 0.05 x 100 + 0.35 X 100 = 40

Total profit = - 55 + 115 + 40 = 100 including brokerage.

The lessons learnt are important than the numbers.

1. Plot Pivot Lines before start of trade on the chart.
2. Not to initiate trade just on first confirmation. Let the whipsaws cool down. (See the chart from 10:25 to 10:40).
3. Donot chase the price. If opportunity lost, never mind we will have it again. (My first LONG loss is because of this as my BUY ended at the top).
4. Interpretation of sudden spurt of volumes is very important whether on RED bar or BLUE bar.
5. Avoid trading between two pivot points. (My nerve wrecking is due to this).
6. Lot of patience is required to meet our targets.
7. Donot anticipate anything. Let the price action decide it.
8. If you are confident of trend, nothing wrong to average your trade even if it is in loss.
9. Well balanced emotions is the key. (Fear of Loss, loosing profit etc should not interefere with your strategy).


Throughout the day the nerves were taken out.
The movement I initiate trade, the price simply drifts making my decision wrong. Keeping my cool is found very nerve wrecking.

I hope paper trading does not give this experience.

Please share your views.

If possible try like this low risk trade, experience yourself.

I will edit the post to show exact times of trade which will make it easier to assess what is right or wrong.

hi veluri

dont want to write much but i think u understoon ur mistakes during the trade

i ll like to add on there no pont going long at unitech when it opens gap down from previoud day close

3/15 downward crossover happened on 29th then followed 30th also

i think we should first understand the reason for taking the trade long or short by doing some homework on it

when u saw unitech in the top 5 declines in the morning and we know unitech was showng sell signals u should have been more confident

unitech tested 105.6 2 times and a break below it would make it go lower
and it opened way down 105 .6 i guesss

patience as taught by every profeesional trader should be what we newbies need to learn

hope i dint oversay anythin

i have also experienced the same fear of movement of suzlon and unitech in my early trading days .



then i thought first to understand the movement of markets stocks volatility and all i can learn and take positions

rather trading at unitech we can do some hmewrok on stocks which are likely to move up and book some profits confidently

scan for stocks

looking forward for ur safe trades he he

 

[fahed]

Can we have a printable/ downloadable version of this thread ???

 

[vishalalluri]

Can we have a printable/ downloadable version of this thread ???

go to the thread tool next to the rating tool

in thread tools u have SHOW PRINTABLE VERSION

IM NOT SURE IF CHARTS COME IN THAT VERSION

SOORY U CANT GET THE CHARTS U HAVE TO SAVE THEM MANUALLY

 

[Phani333]

hi all,

I am new to the Futures and options concept and i want to learn about them from the basics. I don't have any idea abt what they are, so can someone please help me on "Where to start" etc and suggested readings.

Regards,
Phanindra.

 

[veluri1967]

Here is the AFL for amibroker users with buy/sell signals.

I have not yet tested it, but i thought i would miss the bus if the post is edited.

Thanks to http://www.traderji.com/software/27917-best-amibroker-afl-buy-sell-signals-reg.html