Determination Of Trough /peak

renu daga · #1 16th June 2008, 10:32 AM

respected senior memebers/

well starting a thread is not so easy than to continue and make it reach to its top,,,,
i ahve often been thinking that picking a stock when its bottom / and selling a stock at its peak is teh most toughest part in stcok trading

in kolkata meet agenda also i wnated the members to discuss on this issue but it was missed because i could not atend !!
never mind,,

so i am starting this thread looking forward for seniors to highlight on this topic ,so thatw e can learn ,,,on teh main chart rather than.getting tips from anyone....

indicators determining the bottoms/ peak
looking the chart with narrow / broad aspect

though everyone knows knowing this is very tough still,,,i can ,, very well gasp that asish das indicators are very well equipped in determining this

because ,,,he had once notified reddys bottoming at 600 levels(i very well remember..and second eveready..stock,,,,)
in very few months reddy moved from 600 to 735 today....so that the main art...who very few people know,,,,

i would request to shower some of the secrets here!!!

renu

renu daga · #2 16th June 2008, 01:14 PM

20 viwers but not a single post....to move this thread

alas!!!
if not required then it can be deleted...by the moderators

renu

sudoku1 · #3 16th June 2008, 04:00 PM

Quote:

Originally Posted by renu daga

20 viwers but not a single post....to move this thread

alas!!!
if not required then it can be deleted...by the moderators

renu

renu , u r not cler on what xactly u want from this thread.....its a bit confusing......will b good if u specify..

moneygurukul · #4 16th June 2008, 07:58 PM

Quote:

Originally Posted by renu daga

respected senior memebers/

well starting a thread is not so easy than to continue and make it reach to its top,,,,
i ahve often been thinking that picking a stock when its bottom / and selling a stock at its peak is teh most toughest part in stcok trading

in kolkata meet agenda also i wnated the members to discuss on this issue but it was missed because i could not atend !!
never mind,,

so i am starting this thread looking forward for seniors to highlight on this topic ,so thatw e can learn ,,,on teh main chart rather than.getting tips from anyone....

indicators determining the bottoms/ peak
looking the chart with narrow / broad aspect

though everyone knows knowing this is very tough still,,,i can ,, very well gasp that asish das indicators are very well equipped in determining this

because ,,,he had once notified reddys bottoming at 600 levels(i very well remember..and second eveready..stock,,,,)
in very few months reddy moved from 600 to 735 today....so that the main art...who very few people know,,,,

i would request to shower some of the secrets here!!!

renu

Before that, the important question is whether you want to become a top-bottom picker (Using Mean reversal techniques) or you want to become a trend-follower (Using trend following techniques). (Have seen your diary where most of trades are trend-following ones).

Trying to play with both of them is simply impossible. The psychological conflicts are too heavy to handle. One can try operating two different accounts with two different class of indicators using only mechanical systems but still it's a tough job.

renu daga · #5 16th June 2008, 08:04 PM

its very very simple....in simple english,,,
this thread is not meant for giving tips....just we together can join and identify the procedure / indicators which can determine the tops/ bottoms of nay stock...or nifty itself,,,in both prospect ...broader / narrow,,

narrow means not a sintraday itself,,,say in daily charts....

secondly in broader aspect...like stcoks liek honda / reddy / cipla....infosys,,were bottomed out ,,,so i wnated this thread to move on identifying indicators which help us to analyse why and how stocks are bottoming / peaking out

hope i can make myself clear...if not!!!

secondly,,,dont make my thread,,traders diary,,,confuse with this....its what i trade on many aspects,,,,,broader/ narrow both...where stcoks are limited/ and quantities are according to my comfortable level...

renu

uasish · #6 16th June 2008, 08:46 PM

Renu,

Top & Bottom are being made in all time frame ,it is actually an ongoing process.As Mkt moves in wave hence there has to be an interim Top & interim Bottom.
When you are refering to some past incident like Dr Reddy then that was on waves on long term time frame.
Here in this thread do you like to discuss the basic method to identify the interim Top / Bottom (like in 1 min / 5 min etc) or Historical Top Bottom that probably needs to be specified.

Asish

renu daga · #7 16th June 2008, 10:15 PM

now here come the boss,,,

i think first we should analyse the tops / bottom framing in long ...or medium term,,,

short term especially on intraday basis,,, i think cannot eb discussed here,,,there are many threads,,realting to intraday buys / sells....they are enough...

here we should come and analyse ,,,everyones view whether the stcok has completed its good correction either on long term basis,,or on interim term,,,and throw light on which indiactors shoudl be looked on how to check upon this

rci/ macd/ vol/ pattrens/,,waves..etc,,,
whatsoever it is,,,we can come to some concrete...indicator....and conclude,,,that yah ,,,now we can start,,,buying ,,or exit

what personally i think if this topic succeeds,,,tehn the way many memebrs got help in nifty trading guided by saint sir / and asish da....similarly they wil be benefited by judging themselves,, for any stcok...so as not to enter or exit with less satisfaction,,,

we can try ourselevs,,,best!!!
let hope so

renu

uasish · #8 17th June 2008, 09:23 AM

The only way to find a Trend is HH HL OR LH LL ,all 1 lack indicators are to be deleted.
In naked eye on a chart let us plz find the HH HL OR LH LL.
Atleast 2 thread of Saint is doing that (helping to understan Pivot High & Pivot Low) & 1 thread of Amit also doing the same job.
No complex neuclear Physisct Formual is required to find a Trend,you should have attended Saint's seminar at Kolkata.
Once a wave Top is Found we then know it will do down,but upto what extent it can go can it break the earlier Low (is it in LH LL mode) or if it is (HH HL )then we try to catch this retracement to enter long,expecting the earlier HH would be broken & a new HH to be eastablished.
Now in the decision making process a broader perspective is analysed First after that current trend (HH HL /LH LL) is to be identified then if you trigger an Entry the Probability of this trades win is more & Stops are nearby.
Members plz particiate to get ANY confussion cleared.We are here in this thread will try to find out as Renu said Tops & Bottoms & how to do it.Prior to that a through understanding of Saint teaching is must.
My subjective views.
Asish

renu daga · #9 17th June 2008, 09:46 AM

asish da,,,
if someone is know ing technicals,,,,then knowing pivots with teh help of trnd lien is nota ta ll difficult,,,,the hh/hl/ll/lh.....even if that is cleared ,, i think there is something more..in the chrats(hidden )to identify very soon ....especailly at its bottom ,,, that eh stcok is bottoming out,,,at these levels...
i am rgt now working on this ,,,,topic,,,let see
i think if we scrutiny few charts,,,like infosys / reddy,.as i mentioned,,,,we can prcaticaly come and analyse,,,that before forming hh/hl/ll/lh,,we come to know that stock is botoming out....
may be / may not be,,,

renu

chiruvyapari · #10 17th June 2008, 09:57 AM

I am fully in agreement with Renu. It will be very useful for positional traders. But, it would be nice if it is restricted to learning for newbies & teaching by seniors. No tips please. ( My personal opinion).

For some one like me, who could not learn fishing perefectly in the first attempt, it would be a nice thread. Repetition is also a best way of learning.