Wisdom From Masters

Hey there,

I will be posting regularly data from various sources. First one is from the one the Tech Analysts swear by..Martin J Pring

With this post i don't want to demoralize or hurt anyone's sentiments but just to share knowledge. Lots of other contents also.

http://www.pring.com/articles/return.pdf

Cheers
G-unit
gaurav.gunit@**********

Interesting reading! Keep them articles coming.

__________________
Best Wishes!

Traderji

www.Traderji.com

Seems like a good reading material... will go thru it in leisure.Thanks

very nice article. especially useful for long term entry and exits

satya

If you want to find out if we are in a bear or a bull market there is one easy way.By using 14 day Relative strength index.In a bear market RSI goes in oversold territory more number of times and thus gives more buy signals and there are a very few sell signals .The exact opposite happens in a bull market.RSI gives a very few buy signals and a number of sell signals .I'll give a count of number of buy/sell signals:
In the 95 bear market RSI gave 10 Buy signals and 1 Sell signal.
In the 2000 bear market RSI gave 8 Buy signals and 2 sell signals
And in 2003-2006 Bull run RSI gave 3 Buy signals and 19 sell signals.
One more indication of a bear market is when RSI BUY signals Fail.
Since May 2006 crash RSI has given 3 Buy signals already and 2 have failed.
(For calculating the number of signals I have used metastock 9.0 expert advisor)
So my conclusion is we have entered a bear phase and we may should get 8-10 more RSI Buy signals before this bear market ends.

Hello All,

Back again, Hmmm.. feel you are liking it, just wait more to come. And thanks traderji, srisara sir & other friends for humble words of appreciation this will keep me charged up. I am attaching two more files one containing the Buffet's class and the other comments by Indian leaders.

Cheers and Happy Reading
G-unit

Attached Files

	Captains Speak.pdf (31.1 KB, 54 views)
	Master's Class.doc (27.0 KB, 62 views)

Great stuff,Gaurav..........for those who missed this one,give it a read.

Thanx!

Saint

Hello All!

Here i go again, I am posting this checklist because i think that this is very helpful for day trading to me and hope it will also help you, i think i found this on traderji only but thought that this will be of interest to many. With this you'll feel empowered and new trading era will begin for you. Just check out the attachment.

Also i am posting links which gives you intraday as well as five day TA for NIFTY in line with what is explained in the tutorial. (NSEI can be replaced with BSESN for Sensex, CNXIT for CNXIT, NSEBANK for Bank NIFTY, for stocks also delete%5 and put Reliance.ns for Reliance and ONGC.ns for ONGC.) CNXIT, Bank NIFTY, Reliance and ONGC reflects 95% of the market collectively, so also giving all five of them without any indicators now play as you like and do ask for any clarification. Seniors plz. help me making daytrading and technical analysis simple for all members of traderji.

For Intraday TA Chart -
http://in.finance.**********/q/ta?s=%...9,r14,ss,fs&c=

For 5 Day TA Chart -
http://in.finance.**********/q/ta?s=%...9,r14,ss,fs&c=

For combined chart -
http://in.finance.**********/q/ta?s=O...xit,%5Ensebank

All the charts can be used during market hours be logged in to ***** finance for real time data for stocks. In the five day chart the dots are Parabolic SAR which i do not have much knowledge about would like to know but it works as a signal for me.

Thanx sir(Saint) for ur words of appreciation also there are many other interesting thing on the pring site as well as a video for the same post.

There is this site www.breakouttrading.blogspot.com which contains lot of important data and analysis also this person is very knowledgeble and conducts seminars on Technical Analysis. Chech this thoroughly & Do check out the Trading System it works well 95% of the time.

Hope i am making sense and contributing my little to the treasure on TRADERJI hats off to you sir & all the members.

Cheers & Happy Trading
G-unit

Attached Files

Day Trading.doc (28.5 KB, 37 views)

Hey there,

Hope you all did fine today, plz. tell me if anyone used the chart and the technique mentioned in earlier post. Believe me it really works. Ok this is a very good and simple read, found this on the master's site - breakouttrading.com.

What is trading?
A process of finding situation where rewards are high and risk is low and putting a part of your portfolio in it hoping to reap the rewards.


Fundamental Trading
Only concern is the value of the company and the price we pay for it.
Also looking and gauging factors which can effect this "value" in future.

Have to adopt a long term view since price value mismatch may take a lot of time to correct.
Value and price mismatch is hunted using present net asset value, expected dividends and expected growth in cash or physical assets in future.

Arbitrage Trading
A different style where we try to gain taking the short term price divergence among the value of related things.
This is more of a shorter term trading, still the core remains of looking at value of related things.

Technical Trading
Momentum Trading
May or may not look at value and is more concerned with the speed of change.
Thinking that what is set in motion would continue to keep moving in same direction for some more time.
Prices do tend to show momentum (till they suddenly or slowly reverse).
This is again a short term trading.
Tend to use momentum oscillators to define relative momentum. (Macd, Rsi, Stock etc..)Classical Technical Patterns

Has no idea of what the word "value" means and is not concerned with it.

Find patterns in prices. Triangles, Wedges, H&S etc.

Hope that the outcome would come out as same as what happened when a similar pattern formed earlier.

Elliott Wave concepts
A novel way to approach financial markets.
The idea is interconnectedness of price moves in impulses and retracements over various time frames. Has the ideas of price momentum and price patterns built into it. Gives the user an understanding of where the current prices "stand" in relation to past price moves and the user can estimate of what can happen in future with some degree of certainty. Is much more intuitive than classical technical approach. Combining Elliott Wave with Fundamental approach enhances the value of both. One can make future estimates of probable price moves from fundamental as well as wave approach.
Suffers from blind spots when people try to get "too" technically accurate with Elliott wave targets and forget the larger picture from which the theory derives its power and is intended to be used for.

Socio-nomics and Elliott Wave concepts would add a definite edge to even a hardcore value hunting investor. The ability can come innate to many investors, even then some knowledge of Elliott wave is an advantage.

Prices over long term would follow the earnings foot step. Even then Elliott Wave tends to give us valuable clues when something is "close" to its lowest and highest in "many" time frames..!

My sweetest trades have been ones in which I had a clear understanding of the value of a company (first) and then used Elliott Wave ideas (second) to place my trades.

Cheers
G-unit

More on Elliott waves, Go through it. Go through this site it contains tons of info.

http://breakouttrading.blogspot.com/...uidelines.html

Cheers
G-unit