Caution regarding Technical Analysis

Bulliontrader · #11 24th April 2006, 10:34 PM

Quote:

Originally Posted by AJAY

Hi Bullion Trader,
According to me one important and basic point is missing here. It is neither Fundamental Analysis nor Technical Analysis that gives money to the trader or investor in any markets. It is the psychology of that particular individual, which makes him stick to the principle of Trading or Investing what he follows,whether it is a derivative of TA or FA, that gives money in the form of profits.

Is FA an art or science or TA an art or science? According to me nothing is a science or art. Here only the principle that each individual adopts, either from FA or from TA, is a science. And keeping the mindset of sticking to that principle in trading or investing is art.

So, I request you to stop pointing out that TA doesn't work and FA works.

And I also request you to share whatever the knowledge you want to share and share it while taking the pleasure of sharing and we are all here to receive it with all positive minds, as we are all open to listen, understand and accept, if we find it's making a lot of sense as described by you.

Thanks in Advance.

Eagerly waiting to hear from you.

AJAY

Dear Ajay,

Trading psychology is importnat. Every trader has its own viewpoint and works as per it.

My point is many new guys, go technical courses and end up losing in the market.
Its not that I have or never use TA, but some guys think that by using computersied systems and using big technical words they can trade in market or provide signals to people. One TA guy already posted about his signal service.

I have my own trading logic, and I always stick to Fundamanetls first.I would visit the FA section and do share my views with other.

Regards

amarnath · #12 27th April 2006, 11:15 AM

Quote:

Originally Posted by Bulliontrader

Daer TA guy,

If I doesnt know english, do u know.What is market sentiment, if u use TA??
Any answer. No
If u see market sentiment then, its not TA. U are trading on news, both fundamental and rumours.Where is your TA comes in to picture.Did your TA told u that Iran issue will come and gold and crude will rise.

Actully u didnt like my reporting your pseudo marekting signal service.I dont knwo waht your education or experience is. But I am sure u not a good trader.

Better get your facts right sweetie

please re read between lines not in any hurry before making a reply thread

Hi all,

I am planning to offer free advisory on Gold , Silver and crudeoil . I will update real time calls on ***** messanger and i will update outlook for log keeping on a blog or site which i tell you later when i am prepared .

I will update calls from Spot / comex market signals using my Mechnical Trading system but i will try to update signals in MCX mode i.e Rupees . I dont have any charting system for agri commodities hence no outlook on commodities can be made . i also have signals on forex majors and few crosses which i cant update too frequently as regular calls.

My signal in general is based on :

1. Observing over all market sentiment rather than looking importance to daily economic announcments which is quite not easy for traders to track up on and to guess its real effects .

2. Mech set up :

Time frame : 5 min , 30 min and 4 hr with custom Indicators and system along classical study using fibs extension , Andrew pit forks and Trendlines along some discertionary aspect . So my over all style will be quasi discertionary type

3. Intraday calls :

In general will be price following nature rather than projected /forecasted type with risk reward ratio 1 : 2 or 3 depends on volatility factor

Swing calls :

From forecasted range for given instruments were RR ratio 1:3-7

Percentage of winning : 60 to 65 % any thing higher is much rewarding why bother now

I will set a ***** messanger today and create a id for this purpose and let you know all.
Reply With Quote

I too use both FA and TA but more TA i prefer more like u prefer FA i know what i am doing well . So my over all style is quasi discertionary type

99% sticking to mech signal from my own system and 1% i look for over all mkt sentiment i dont try to read each and every news to trade up on them even FA analyst dont know before those fact happens in market LOL

I am well educated but not Ph.d in economics

. Good lucks to all

Bulliontrader · #13 28th April 2006, 09:51 AM

"I too use both FA and TA but more TA i prefer more like u prefer FA i know what i am doing well . So my over all style is quasi discertionary type
99% sticking to mech signal from my own system and 1% i look for over all mkt sentiment i dont try to read each and every news to trade up on them even FA analyst dont know before those fact happens in market "

Now u saying u also use FA for trading purpose. And "market sentiment" is the word u use in your TA system. I think u not sure first, the trading logic or system u are using, and talk of providing Signals to other users.

U laughed at reading news realted to market. Plus u also talked about FA guys not knowing about news, so does your so called SYSTEM knows about news events on its own and its impact on market.

No mechanical or any othr kind of system, can tell u where is the market going. I think the moderator is very kind to you, to still continue your marketing/advertising.

Guys like u first offer free, then once u have client base, u start charging. I warn all those guys, looking to your signals, to consult some Pro in business, before falling to an amateur trader lik you.

I am surprised that moderator still continues to allow your so called Ads.
Maybe being a senior member here, you enjoy some privilages here.

But I really feel sorry for guys consulting you.God help them.

amarnath · #14 28th April 2006, 10:46 AM

Quote:

Originally Posted by Bulliontrader

"I too use both FA and TA but more TA i prefer more like u prefer FA i know what i am doing well . So my over all style is quasi discertionary type
99% sticking to mech signal from my own system and 1% i look for over all mkt sentiment i dont try to read each and every news to trade up on them even FA analyst dont know before those fact happens in market "

Now u saying u also use FA for trading purpose. And "market sentiment" is the word u use in your TA system. I think u not sure first, the trading logic or system u are using, and talk of providing Signals to other users.

U laughed at reading news realted to market. Plus u also talked about FA guys not knowing about news, so does your so called SYSTEM knows about news events on its own and its impact on market.

No mechanical or any othr kind of system, can tell u where is the market going. I think the moderator is very kind to you, to still continue your marketing/advertising.

Guys like u first offer free, then once u have client base, u start charging. I warn all those guys, looking to your signals, to consult some Pro in business, before falling to an amateur trader lik you.

I am surprised that moderator still continues to allow your so called Ads.
Maybe being a senior member here, you enjoy some privilages here.

But I really feel sorry for guys consulting you.God help them.

It is not now its from begening i used to say same

. My system as it as dont forecast /predict any thing its just price followig nature . I already stated clearly i dont charge any now or later for signals i offer . But i am not sure about your intention here can i ask what is your intention here , to help other ??? or to keep attacking me . So far i dont see any useful contribution from you other than acting yourself smart by saying TA dont work . Any way i am quite clear now its waste of my time if i keep replying to you . I already proved on traderji forum that i can trade profitable by making real time calls on crude oil on daily basics so if any newbies like can check those threads in energy section only thing problem on forum i cant offer immediate alerts on as it lags much for signaling purpose which too i stated already so i only offer signal on IM . Also no problem if some one update daily log of my signal here from IM . I am not going to make any more reply to Bulliontrader as i feel it waste of my time

pc_virgo · #15 28th April 2006, 03:52 PM

100% agreed... i too believe in fundamentals only and wat u said abt the economics and mkt knowledge is true.... but technicals give u the moment while fundaments give u movement.....

Traderji · #16 28th April 2006, 04:20 PM

BullionTrader, why don't you practise what you preach and post your FA views at the Fundamental Analysis forum instead of commenting on amarnath postings.

pkjha30 · #17 28th April 2006, 05:24 PM

Quote:

Originally Posted by Traderji

BullionTrader, why don't you practise what you preach and post your FA views at the Fundamental Analysis forum instead of commenting on amarnath postings.

hi bulliontrader

traderji has given a good advice from which we may all be benefitted
avoid flame war

pankaj

AJAY · #18 28th April 2006, 10:31 PM

Dear Bullion Trader,

On 24th April i.e., exactly 4 days before, in your post addressed to me you mentioned that you'd be sharing your views in FA Section. Since then, I've been eagerly waiting for your posts in FA Section. Unfortunately I could not find any one till today. I thought you could be busy with your analysis, trading and even with your preparation for your postings in FA Section.

And much to my surprise, instead of finding you in FA section, I found you again here, and again with the same type of attack on a co-member.

I don't understand why you are attacking any one and in between even bringing the moderator to picture. Instead it would be well appreciated, if you start spending your time by posting your FA views and their utility value-in application while taking decisions- in trading.

Sincerely requesting you not to go for any personal abuse on anyone and eagerly waiting for your posts

AJAY

Bulliontrader · #19 4th May 2006, 03:45 PM

Quote:

Originally Posted by Traderji

BullionTrader, why don't you practise what you preach and post your FA views at the Fundamental Analysis forum instead of commenting on amarnath postings.

I am only replying to his views regarding my post. Not comenting about him.

Regards

Bulliontrader · #20 4th May 2006, 03:50 PM

Quote:

Originally Posted by AJAY

Dear Bullion Trader,

On 24th April i.e., exactly 4 days before, in your post addressed to me you mentioned that you'd be sharing your views in FA Section. Since then, I've been eagerly waiting for your posts in FA Section. Unfortunately I could not find any one till today. I thought you could be busy with your analysis, trading and even with your preparation for your postings in FA Section.

And much to my surprise, instead of finding you in FA section, I found you again here, and again with the same type of attack on a co-member.

I don't understand why you are attacking any one and in between even bringing the moderator to picture. Instead it would be well appreciated, if you start spending your time by posting your FA views and their utility value-in application while taking decisions- in trading.

Sincerely requesting you not to go for any personal abuse on anyone and eagerly waiting for your posts

AJAY

Dear Ajay,

I am very busy with markets at present. Just see the movement in Bullion, these days. Its not time for sharing views or teaching.

And dont feel that I am attacking anyone. I just point my views on TA, and the guy u talking about, came attacking towards me. He is still not stopping.
Instead of advising me, better give some words of peace to him. Maybe he is favourite here, as he claims he made people profit, from his SYSTEM.

The FA section u talking about here. Everyone is talking about shares and scripts, all those Ratio and returns. Commodites are different. No P/E ratio or EPS like thing works here. It moves solely on Economic Principles. Its also very much a rumour driven market. Plus, one need to understand and work as per a specualtors mindset, while trading.

I will post the Fundamentals, I study for trading, but may take some time, as markets not giving me rest.

Regards

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