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| Discuss I can help you with stock chart reading at the Position Trading Stocks within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi TIMTOMLEE, Use of uppercase for reading strains the readers eyes. Use Sentence case for ... |
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#901
25th August 2006, 01:04 PM
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Re: I can help you with stock chart reading
Hi TIMTOMLEE,
Use of uppercase for reading strains the readers eyes. Use Sentence case for good strainfree reading. Regards Chachi 
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#902
25th August 2006, 02:14 PM
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Re: I can help you with stock chart reading
Quote:
It doesn't matter whether it is UPPER CASE or Sentence Case. Some find the UPPERCASE straining, others find it more ELABORATIVE. Important thing is for me to get my point accross. However, I will again repost it in Sentence Case after i get views from VV. This will also help others if changes are made in future. Regards, Sonu M. 
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#903
25th August 2006, 04:55 PM
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Re: I can help you with stock chart reading
Hi VV
Would appreciate your take on Bharti Airtel at this time (~416). Do you think this stock has enough to offer for a long term investment at current prices or I should wait fro a dip. Thanks
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#904
25th August 2006, 08:05 PM
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Re: I can help you with stock chart reading
Quote:
timtomlee -- I will try it out on Sunday and let you know. You are after the Holy Grail hah!!! As you do that, please focus part of your time researching on Position Management, Stop Loss and Trailing Loss. There is lot we can improve on Stop Loss and Trailing Loss. Bharti Airtel -- So far so good. If you want to enter new, I would wait for it go up above the 430 resistance. After it does and pulls back then I would enter. Guys, Watch the volumes. I only go after Price and Volume. All the others are just filters that fit what we want to see. If the volume does not support price action, be wary and avoid the stock. And be consistent on how you trade. Consistency is the key in making probability work for you. Last edited by vvonteru; 25th August 2006 at 08:18 PM.
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#905
25th August 2006, 09:24 PM
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Re: I can help you with stock chart reading
Quote:
Thanks for ur reply. I am not after the "Holy Grail", as i know, no such thing exist in the market. As u have mentioned earlier, when we enter, our probability to win is 50%, no matter how perfect is our system. I find ur system simple, scientific and effective. That is why all of us are hooked to this thread, because ur response is not biased, u encourage to learn ,and finetune our trading system.That is what i tried to do.This was just another way to look at ur system. I hope it works and is benficial to other members. For stop loss, i liked ur "volatility based stop system". i.e., 3*ATR = R (initial risk), as it eliminates the risk of market noise to hit ur stop, if we place stop at 5% below ur entry price, as DAVE LANDRY suggests. But i would like to add, "Always put ur stop,below the recent pivot low or "3*atr or 2*atr", whichever is lower" and check the pivot low in "weekly chart", which gives a strong support area. For position management, I use "percent risk model". Divide % risk u will take on the stock by 3*ATR, which gives u total no. of shares. For example, i want to risk 2% of my trading capital of 1 lac. 2% = 2000.Suppose 3*atr = 10 Then , 2000/10 = 200 is the no. of shares i will purchase. On trailing stop loss, I think Traderji's method to put stop at previous 3 bar low, if u r long and previous 3 bar high, if ur short, is very effective. Still i am researching new methods and will update u with my findings. Regards, Sonu M. Last edited by timtomlee; 25th August 2006 at 09:40 PM. Reason: correction
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#906
26th August 2006, 06:11 PM
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Re: I can help you with stock chart reading
For those who find UPPERCASE straining, I am reposting in Sentence Case.
"Two diffeent MACD indicators" 1st. indicator - MACD (8,50,1) 2nd. indicator - MACD (50,200,1) If 1st. indicator is below "0" value, that means 8 day ema below 50 day ema, bearish for intermediate term. If 2nd. indicator is below "0" value, alongwith the 1st. indicator, bearish for long term. Now, as 1st. indicator is rising above "0" value, but 2nd. indicator is below "0" value, we must be cautious before entering the market. If both are rising above "0" values, we can go long. Also, if both the indicators are above the "0" value for a long time, and the 2nd. indicator is trending more than the 1st. indicator (we can do this by visual inspection), then we can expect correction any time. Therefore, be cautious in such scenario before going long. Hope this helps. Alterations will be made after VV's reply, if any. I am also researching on "STOP LOSS" and "TRAILING STOP LOSS" using MACD and MOVING AVERAGES. I will update it in future. Regards, Sonu M.
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#907
26th August 2006, 07:51 PM
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Re: Dear VV: Classic Diamonds---Diamonds are for ever!
Quote:
Is it Too late to enter Classic Diamonds? Geeta
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#908
26th August 2006, 10:18 PM
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Re: Dear VV: Classic Diamonds---Diamonds are for ever!
Quote:
You might make money if you enter now. But, is it consistent in the way you trade. Definitely it is a qualified candidate that satisfies any trader's setup condition. But, does it satisfy entry condition at this point. Or do you feel you missed the entry couple of days back. As I said earlier, be consistent in the way you trade. You might make money in the short term by trading arbitrarily. But, you will lose on the long run. Have conditions written down for 1. Setup: When U will consider a stock for buy 2. Entry: When U will actually enter that stock 3. Stop Loss: How U will determine stop loss 4. Profit: How U will sell to make profit Repeat trades with these conditions without emotions. Once you are comfortable with these conditions, don't change them until U apply for 10 to 20 trades and U can assess the results.
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#909
26th August 2006, 10:52 PM
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Re: I can help you with stock chart reading
Quote:
Last edited by mansukh; 26th August 2006 at 11:05 PM.
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#910
26th August 2006, 11:39 PM
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Re: I can help you with stock chart reading
Quote:
The time frame is "daily" chart and by the way, I researched this method on "icharts.in". When we talk about 8 day ema, 50 day ema or 200 day ema it means the time frame is "daily" because the ema's are "daily", not weekly Sometimes, we use MACD indicator in "weekly" charts as well, but for swing trade, we use mostly "daily" charts. I am researching more methods with MOVING AVERAGES. I will update it soon. Regards, Sonu M.
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