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Today's Buy Levels

Discuss Today's Buy Levels at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; I am not competent enough to guide you.Softwares dont give Buy/Sell signals,there are some Black ...


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  #391  
Old 4th August 2007, 06:21 PM
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Default Re: Todays Buy Levels

I am not competent enough to guide you.Softwares dont give Buy/Sell signals,there are some Black Box available which does but never tried it , heard those to be unreliable.
Pivot points & MA can also work on intraday,but things which work on EOD datas may always not work on Intraday.
Before changing your Time-Frame (from a relatively successful one ) would be foolish ,until you paper trade in NEW time frame ,get the Feel , & then verify in lots of past datas until you get confident.All of us (including self) only understand this after getting bashed by Mkt,the Time-Frame giving us money indirectly builds a false feeling that switching to a lower time-frame will give me more money FAST.
Hence my sincere suggestion Get Out from Intraday & move to EOD ( you have earned analysing on daily datas,revert to your wining state,very imp,becoz intraday bashing
leaves all of us in shattered state),after you get to happy state plz start lots of paper trade
back test it,allocate a sum from your wins for Intraday Loss ,when ready plunge again but limiting loss to that sum,do these process we will come out successful after few attempts.
Plz dont misunderstand me ,i loose frequently dont get swayed away with a Good looking Chart,boss more in actual Execution & conviction than a flick Chart.
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  #392  
Old 5th August 2007, 11:17 PM
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Default Re: Todays Buy Levels

Thank You Uasish, will follow ur suggestion...Looks best for me at this present moment.
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  #393  
Old 6th August 2007, 09:12 AM
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Default Re: Todays Buy Levels

This is an Equity Curve for Intraday 5mins Long only,with 50k capital,NON
Leveraged.See how from 11th June the System was Happily performing & then from 27th July ,how this Long only System getting Bashed.
Hence i would not post any Long in this Thread for Intraday,until the situation improves,how beautifully this System imitated Nifty,but this is a BAD System,becoz it should not have Traded Longs (many more development is necessary).
You can also see the next chart for Short only.

Last edited by uasish; 10th August 2008 at 11:46 PM.
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  #394  
Old 6th August 2007, 09:22 AM
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Default Re: Todays Buy Levels

Here also the Short only System's Equity Curve suffered initial ,but from 19th of June was happily performing till 30th June ,then there was huge drawdown ,but still managed to regain its Loss,this one is also good when the going was good,but why this traded on uncertain days.
However i may put some of my Short trades,here in this Thread.

One thing is clear Shorts are more probable Win then Long.

Last edited by uasish; 10th August 2008 at 11:46 PM.
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  #395  
Old 6th August 2007, 09:32 AM
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Default Re: Todays Buy Levels

Quote:
Originally Posted by uasish View Post
Here also the Short only System's Equity Curve suffered initial ,but from 19th of June was happily performing till 30th June ,then there was huge drawdown ,but still managed to regain its Loss,this one is also good when the going was good,but why this traded on uncertain days.
However i may put some of my Short trades,here in this Thread.

One thing is clear Shorts are more probable Win then Long.
Sir,
I am not good at charts. Just know the very basics and maybe that too not enough.
Would your system work better if trades are done intraday with a fixed return basis. You simply close your trade EOD. This is coming to mind becoz of huge gaps being created on opening.
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  #396  
Old 6th August 2007, 09:37 AM
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Default Re: Todays Buy Levels

should buy at dips in index shares
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  #397  
Old 10th August 2007, 09:45 AM
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Default Re: Todays Buy Levels

These are imp. Supp/Res Price points in Fut Stocks (EoD),which may help to-day.

Security Name Good Supp/ Res Points Close
ABAN-NEAR MONTH 2944.7241 2920.3999
Andhra Bank - 1 85.4009 85.4
Bajaj Auto 1 Mon 2252.4463 2260.8501
BOMDYEING-NEAR MONTH 571.1852 568.35
Corp. Bank 1 Month 361.546 363.4
Federal Bank 1 Month 346.5179 335.55
FINANTECH-NEAR MONTH 2401.1206 2385.8999
GAIL - 1 Month 316.1487 314.75
JUNIOR-NEAR MONTH 8708.3389 8601.9502
KOTAKBANK-NEAR MONTH 774.7436 768.4
Oriental Bank - 232.7688 233.35
Reliance Cap. 1 1135.4762 1114.05
UNIPHOS-NEAR MONTH 330.5017 332.6
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  #398  
Old 12th August 2007, 09:34 PM
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Default Re: Todays Buy Levels

Future Scrips which have completed or on verge of completion 5 Down Waves as per Wave Analysis,
i myself is in Intraday mode ,hence not considering any Long in the same.
1) Cipla
2) Bajaj Hind
3) Ashok Leyland
4) M & M
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  #399  
Old 13th August 2007, 01:00 AM
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Question Re: Todays Buy Levels

Hi! Did you have glossed over my blog...http://aloksarkar.blogspot.com/
Pl give your opinion.....
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  #400  
Old 13th August 2007, 08:11 AM
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Default Re: Todays Buy Levels

Nice one asarkar.
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