technicals v/s news/information. query for news and information providers.

hi friends,
as per my experience the stock market is driven by nothing but developments taking place on the economic scenario. these developments are the tiny bits of information which drive the market. technical analysts deny that there is something called as news or they claim that everything is discounted or factored in. however i wish to clarify that whatever is seen on the charts is just a reflection of the trader sentiment for that particular day ( it may change anytime) which obviously is derived from news ( some positive or negative development ) and i feel predicting the markets is very dangerous as a single development can make the charts look obsolete as a tool for judging the market. besides charts have no scope in volatile markets. ultimately what triumphs is first hand information or news regarding a particular script which i feel is of paramount importance. i therefore seek such sources from where i can get proper insight in the market dynamics. i request members of the forum to suggest such news providers or insider informers as news goes a long way in safely tiding the market current which is full of players whose resources and capacities we cannot match. so the proper option is to be in league with these players and follow the market trend with the information. be in early and exit when the world rushes to buy. i hope i have made my opinion absolutely clear and i hope to find like minded people here. i request members to provide the leads to my request.
thank you

Hi Vinod, Although im not a Hardcore TA. But i follow TA. reason being we are at the very end of the the tradin cycle. There are several others who are sitting at places ready to take money away from us. So only weapon we have in our hand is TA and intelligent thinkin.
Another imporatnat thing is that im not favour of tryin to predict the market.
Thats useless. But we can follow the leader and make money. and the leader is PRICE. and thats the fundamental truth.
U need to be a highly influential person to have acces to insider information.
And mind u thats ILLEGAL as well.

News based trading can be risky. But if u have a rumour or news and u know TA, u can cross check. How? There are some indicators which which tell u wat smart money is doin. Thats all il say.
Iv a news source. But no idea wats the price and reliability.
Mr Rakesh Jhunjunwala also uses the same.
www.reuters.co.in


And also
www.poweryourtrade.com


Thanks

Hi Vinod,

Warm Welcome to tarderji.com. You can refer to the blogspot....
http://rtotla.blogspot.com/ for news about Indian stock companies. Although I am not a regular visitor to that, I was impressed by the contents. hope it is useful.

Regards
Chachi

Hi Vinod,

What you say is correct, stock price is a direct reflection of the underlying news, perceptions, fundamentals, and all other factors that play a part. TA is an imperfect means of combining all these factors to give a probable course that the stock will take. Yes, it is imperfect ... just like democracy is an imperfect system, but still the best that there is ... so it is with TA.

What TA does is to make a trader setup a trading strategy and design it so that profits are greater than losses. TA tells you how to set your stop losses so that you limit your downside risk. TA gives you the trend and tells you that if you follow it, chances of a successful trade will increase.

Remember, unless there is a drastic crash of the market (something that happens once in 2 to 3 years and that too due the failure of the regulator), stock prices do not go through peaks & troughs very rapidly. Once there is a factor that takes place to change the trading perception of the stock, the reaction to this is over a period of time. Say, there is some impending news of better than expected results. The reaction of the stock price starts with the few in the know who take advantage of the 'insider' news. Once this happens, there will be a subtle yet discernible change in the price chart. TA helps you to identify this and take advantage.

Secondly, as I pointed out, stock price movement due to news is over a period of time. A price movement cannot fizzle out in 1 or 2 days. If it does, then you can be sure that some manipulation has taken place and in that case you are better off in not dealing in that stock.

Last, but not the least, advantage of TA is that it gives you both going long & going short opportunities with an exit strategy.

Insider tips, news etc., are like lottery tickets ... whereas TA predictions are what a businessman does, take calculated risks.

Happy trading
Kuldeep

Hi,

You need 'inside info' on a public board. Are you not defeating yourself because when such insider info becomes public it no more remains 'inside'

You are naive and stupid .

Sunil.

hey Sunil Control urself brother. He has an opinion. Pls do not call names, like that.

Hi,

A person expects people will share inside info with him on this board !!! LOL

What other word than naive ?

ROFL !! And he is talking about TA !!

Ha ha ha ha

Sunil.

Information providers !!!!! Ha ha ha !!

All I can say brother take a break and then come back.

Sunil.

dear mr sunil i hope todays market must have wiped off that lol u had posted in ur last message. i just want to remind u that u should go through my message properly or may be u lack the wisdom to comprehend it. i have mentioned the word like-minded people to share leads of information providers and not information to be provided openly. so it is obvious i was in no way pointing towards lol clowns. i just pray that u had no holding in todays markets. and i know one thing for sure as it happens in 90% of cases with due respect to all tech analysis and that is ----- people start as traders- when their trades go wrong they become investors---then they book losses---- and then they become analysts. even if u were to look at fundamentals u need to have some information regarding a script. plus who has the time to work out all the details everybody wants to make quick money and i can confidently say that not all are equipped to comprehend the market stats and data that comes out. so the best option is to get this information from professionals or insiders. i pity the misplaced conceptions of some hippocrites who cannot keep off territories unknown to them and keep pointing fingers at others whereas they fail to understand that in doing so they are pointing the other fingers towards themselves. besides i would like to have a honest confession from u mr sunil. how much have u made from these markets with TA. i know one thing for sure and that is ------ A rising market has no resistance and a falling market has no support. and history amply provides proof of the same. anyways i am not here to create or trigger any sort of debate. what i have expressed is my viewpoint take it or leave it. and also i would ask u all out there for one candid confession, would u not like to have firsthand information regarding the market movements or u would stick to TA even if u had the chance to get confirmed information regarding the markets. i request u all to be honest about this. and i can confidently say that i know your answer.

Dear Mr Vinod,

Excuse me for yesterdays post. I was in a kind of cranky mood, and do please accept my sincere apologies.

As regards to sharing 'confirmed' insider information, I look at it this way. When a certain such information comes to us by our source, how can we be sure that we are the first few ones to receive it ? I am sure there must be hundreds or thousands like us and everybody will think he is the chosen one !

Besides, the impact of something 'cooking' in a particular security, does not last much long and a stock eventually will resume it's previous trend.

As regards to how much money I have made, again may I say that this is another misconception in peoples mind that being a technical trader you have to make a fortune. Trading is a full time profession for me and is as good as a job anybody will do to make a living.

I am an Option trader and I don't trade in stocks.

Again, excuse me for yesterday.

Regards,

Sunil Saranjame.