I can help you with stock chart reading

vvonteru · #**1031** 12th September 2006, 01:08 AM

Quote:

Originally Posted by Saint

Hi Vvonteru,

Would like to congratulate you on getting past the 1000 mark......great stuff.There's a lot of wisdom that you have showered on us all over these last many months.........and more than the wisdom,the selfless imparting of the knowledge.

Thank You....Great going.....and as always,looking ahead to many thousands more.

All the very best!
Happy Trading!
Saint

Thanks Saint. By contributing to this thread, I have improved my trading too. This thread has become an outlet for my views and experiments. From the point I started in March to now, I have tweaked my trading plan in several ways to include all those I suggested in my thread. So, sharing and giving helped me.

Quote:

Please Tell Me The Parametres Of The Indicators To Be Used As U Have Given For Macd.please Give Values For All The Indicators With Their Implications I.e Whether To Buy Or Sell As Per That Indicatior.please Explain It As A One Time Explanation For The Benefit For All.i Positively Want A Feed Back On Said Issue From U And Please Dont Refer To A Link.regards

EMAs: 8, 50, 200
MACD: 12,26,9 (currently I do look at MACD(3,10,1))
Slow Stocastics: standard settings
Minimum Volume: 100,000
Price: > 100

Setup: Trend Trading
Entry: Pullback

Objective: Select a stock that has liquidity, is tradable and is trending. Liquidity is defined by the average volume and the ease with which you can buy and sell stock. Tradability can be ensured by avoiding stocks that have lot of gaps or have huge bars. A trend can be identified using EMA crossovers or just looking at a chart.

Quote:

Hi! I am the new kid on the block! I must tell ya one thing that ur tips & obsevasion regarding stocks are simpy Gr8! I have just started trading couple of months back. Sir! could you plz help me by giving me info abt "srf 'and "indiacement'. Ihave bought srf @ 232 and indiaceme @ 193. what is the best time to book profit and their support and resistance.is there any tip regarding any good share.Thanks!

SRF
-- From last 1 and half month, this stock didn't move anywhere inspite of general market uptrend. U saw what happened to it today when the market started moving down. Today, it stopped at the lower edge of the trading range. If it goes up, it will end up at the high edge of trading range. If it goes down, where will it land nobody knows. I just explained you pros & cons of the stock trade. It is up to you pull the trigger.

Indiacem
-- Its a different story with the trend in this stock. It has been going up. But, look at the volume. Its been going down for last 2 months. I have been saying this for last few weeks about the low volume. We were waiting for the price action. We got from indexes today. So, this confirms the low volume. Again, its up to you to pull the trigger.

One hint I will give U though. Survival in the market is more important than making money. Survival is all about preservation of capital.

Saint · #**1032** 12th September 2006, 01:47 AM

Quote:

Thanks Saint. By contributing to this thread, I have improved my trading too. This thread has become an outlet for my views and experiments. From the point I started in March to now, I have tweaked my trading plan in several ways to include all those I suggested in my thread. So, sharing and giving helped me.

Great going,my friend......that verily is the magic of giving.The more one gives,the more one seems to have.....

Your thread is super-stuff,the person behind this thread as great......

Looking fwd to more,good luck in your trading,and all the best!

Saint

ling · #**1033** 12th September 2006, 03:29 AM

Hi, VV,
I hope you don't mind I called you VV. It is very nice of you for trying to help people. I just started to trade a few months ago. I have paper traded for a while and gradually get into market with real money as a day trader and maybe a swing trader. I start to find some strategies that work for me in this chappy market. I just wonder if you can share your experience how you become successful in trading. Thank you.

Ling

Quote:

Originally Posted by vvonteru

I am new to this group. But have been trading for 2 years now. I do swing trading. I see lot of posts where they need suggestion on buy/sell. I can help.

Give me a stock. I will tell you what to do - Buy/ Short (I don't know why some one would do now, unless if you are day trading) . Or If you are already in some stock and want to know whether to sell, I can help.

I do swing trading. I like site: http://www.icharts.in/home/ to start with, which I got from this group. Please take a look at: http://www.icharts.in/breadth-charts.html. The market in the hindsight will have a deeper correction (more than a pull back). So, be carefull and have stops.

mansukh · #**1034** 12th September 2006, 06:49 AM

Quote:

Originally Posted by vvonteru

Option 1:
Cut loss when MACD cross down and avoid that stock until next pull back.

Option 2:
Cut loss when MACD cross down. Get back in when MACD crosses up. This happens if a stock is going sidways and then goes up.

Downside using MACD:
If using Option 2, U might have multiple crossovers if stock is going sideways. However, you could use last N day high to enter again.

Hi vv, When u speak about MACD cross down/up which do u mean specfically..
MACD(12,26,9) or MACD(3,10,1).?? And Crossover 0(zero) or any other value?

sanjay bhandia · #**1035** 12th September 2006, 09:25 AM

can you help me by explaining me how to read the future trends in chating?

sanjay bhandia · #**1036** 12th September 2006, 09:28 AM

can you help me by explaining me how to read the future trends in chating?my email add is sanjay.bhandia@rediffmail.com

kvrprasad · #**1037** 12th September 2006, 11:06 AM

Hi,

I presently hold these scrips..... Can you kindly guide me on how to go about..... I had brought these on recommendation from my broker but as you now the slip in the prices.... Is it wise to hold these stocks for some time before i dispose the same or should i go and dump it right away... Your assistance will be of great help....

Company No. Of Scrips Purchase Price
Cipla 75 257.10
Arvind Mills 250 70.40
Clutch Auto 150 120.19
RPG Life Science 75 120.80
Tulip 88 291.10

Thanks & Regards,
Ram Prasad

vvonteru · #**1038** 12th September 2006, 07:39 PM

Quote:

Originally Posted by ling

Hi, VV,
I hope you don't mind I called you VV. It is very nice of you for trying to help people. I just started to trade a few months ago. I have paper traded for a while and gradually get into market with real money as a day trader and maybe a swing trader. I start to find some strategies that work for me in this chappy market. I just wonder if you can share your experience how you become successful in trading. Thank you.

Ling

Thats a very broad question. Here is my take. Planning, Consistency, Will Power, Knowledge of Probability theory and be the best person in real life. Trading is all about what you are made off. It shows all your weakness once U enter a trade. Trading requires U to be the best person U can be.

Quote:

Hi vv, When u speak about MACD cross down/up which do u mean specfically..
MACD(12,26,9) or MACD(3,10,1).?? And Crossover 0(zero) or any other value?

for MACD(12,26,9) - cross of signal line over EMA(9) line
for MACD(3,10,1) - cross of 0 line

Quote:

can you help me by explaining me how to read the future trends in chating?

Broad question. U could use trend lines, EMAs (& other tools) to read the future direction of a stock with certain confidence level. U have to understand that if there is 70% chance of stock going up, there is still 30% chance the stock going down. We can't achieve 100%.

Quote:

I presently hold these scrips..... Can you kindly guide me on how to go about..... I had brought these on recommendation from my broker but as you now the slip in the prices.... Is it wise to hold these stocks for some time before i dispose the same or should i go and dump it right away... Your assistance will be of great help....

Cipla 75 257.10
-- Doesn't look good. Here is your chance to get break even. You can always come back when the market indexes starting behaving better.
Arvind Mills 250 70.40
-- Your entry was bad. Based on today's action, I don't see a reason to pull it off.
Clutch Auto 150 120.19
-- Again a bad entry. I don't like the chart. Try to get out break even.
RPG Life Science 75 120.80
-- Not seeing anything wrong in the chart to pull if off. Any thing below 110 would worry me.
Tulip 88 291.10
-- Bad entry. I don't like where the stock is going now.

Even though I suggested a chart is good or bad, I don't want you to take my word in exiting the stock. Each trader's objective in exiting a trade is different. When U entered the trade, what was your exit strategy. Please follow your plan. Here is one of the trading rule that fits what I am saying. http://hellotrader.com/2006/07/15/to...rules-5-of-12/

Some Interesting Links from www.kirkreport.com

1. http://hellotrader.com/category/top-12-trading-rules/
2. Rob Hanna on Admitting Trader's mistakes: http://www.tradingmarkets.com/.site/...-Rob-Hanna.cfm

GKHERA99 · #**1039** 12th September 2006, 11:42 PM

Vv
Views On Ramsarup Industries,hanilera Industries.hanilera Has Ethanol Story Attached To It As Given In Icici Research.comments.regards

kvrprasad · #**1040** 13th September 2006, 10:12 AM

Thanks for the assistance and real good links.....

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