hi
friends
Two questions- the puzzles of traders are here
A)Which combination of indicators helps detect an impending upmove or downmove in price reliably?
B)INDICATE A day before a move occurs
personally I would exclude RSI,psar, stochastics, CCI
Why?Becoz when you start with a confusing ambiguous tool,you tend to go in the wrong track from the beginning. Ask yourself-is this necessary?
Stochastics would give more false sell signals in a rising uptrend thus kicking the trader out of market early.
I have seen guys loving stochastics blow the trading accounts.
Psar uses too much of risk,not acceptable to good traders.
RSI- RSI(2) HAS BEEN a disaster for many guys(trade minor reversals in a long primary trend-miss main trend but catch it small tail or insignificant bits n pieces now n then. RSI may be somewhat ok when you try to read price patterns not on price chart but on RSI chart.It needs lot of study.
CCI -It seems to work in a different route that doesnt fit my natural thinking.
CCI trendline breaks on higher timeframes looks ok but doesnt help in live trading times.
SUPPORT RESISTANCE these lines are there only fail very often and get broken. They told Nifty will reverse as it hits strong resistance but it is seen next monday that NIFTY breaks the barrier pushing up 80 or 90 points.
What the point is
when you base your decisions of trading on a fickle wavering unreliable thing,you are choosing failure as first option.
Let us see some expert can disprove the above things with predictive advance evidence.
This means one can post the chart and point on friday for what he is sure that would likely occur on following monday.
Looks like hard nut?
not when you have a dependable combination of indicators.
ford
QUOTE
IN NSE OVER 20 LAKH GUYS TRADE AND AMONG THESE OVER 90% GUYS USE SAME COMMON INDICATORS CHARTS THAT SINK THEM AS THEIR THINKING DECISION MAKING PERSPECTIVE HAS BASIS IN THE CHART THEY KEEP LOOKING AT. AND PITY IN THE CITY IS OVER 90% LOOSE THE GAME DOING THINGS THAT ARE DELIBERATELY FORCING ODDS AGAINST THEMSELVES.
please dont mistake my intention-the noble motive is just to provoke thinking beyond the superficial-obviously visible things.
friends
Two questions- the puzzles of traders are here
A)Which combination of indicators helps detect an impending upmove or downmove in price reliably?
B)INDICATE A day before a move occurs
personally I would exclude RSI,psar, stochastics, CCI
Why?Becoz when you start with a confusing ambiguous tool,you tend to go in the wrong track from the beginning. Ask yourself-is this necessary?
Stochastics would give more false sell signals in a rising uptrend thus kicking the trader out of market early.
I have seen guys loving stochastics blow the trading accounts.
Psar uses too much of risk,not acceptable to good traders.
RSI- RSI(2) HAS BEEN a disaster for many guys(trade minor reversals in a long primary trend-miss main trend but catch it small tail or insignificant bits n pieces now n then. RSI may be somewhat ok when you try to read price patterns not on price chart but on RSI chart.It needs lot of study.
CCI -It seems to work in a different route that doesnt fit my natural thinking.
CCI trendline breaks on higher timeframes looks ok but doesnt help in live trading times.
SUPPORT RESISTANCE these lines are there only fail very often and get broken. They told Nifty will reverse as it hits strong resistance but it is seen next monday that NIFTY breaks the barrier pushing up 80 or 90 points.
What the point is
when you base your decisions of trading on a fickle wavering unreliable thing,you are choosing failure as first option.
Let us see some expert can disprove the above things with predictive advance evidence.
This means one can post the chart and point on friday for what he is sure that would likely occur on following monday.
Looks like hard nut?
not when you have a dependable combination of indicators.
ford
QUOTE
IN NSE OVER 20 LAKH GUYS TRADE AND AMONG THESE OVER 90% GUYS USE SAME COMMON INDICATORS CHARTS THAT SINK THEM AS THEIR THINKING DECISION MAKING PERSPECTIVE HAS BASIS IN THE CHART THEY KEEP LOOKING AT. AND PITY IN THE CITY IS OVER 90% LOOSE THE GAME DOING THINGS THAT ARE DELIBERATELY FORCING ODDS AGAINST THEMSELVES.
please dont mistake my intention-the noble motive is just to provoke thinking beyond the superficial-obviously visible things.