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Did U find these systems/tools useful......

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View Poll Results: Did U find these systems/tools usefull....?
Eliot Wave 11 13.92%
Wolf Wave 6 7.59%
Bollinger Bands 12 15.19%
MACD 35 44.30%
Moving Average 34 43.04%
RSI 38 48.10%
Stock-hastic 18 22.78%
CCI 4 5.06%
ROC 7 8.86%
Others 20 25.32%
Multiple Choice Poll. Voters: 79. You may not vote on this poll

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  #11  
Old 20th November 2008, 04:11 PM
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Default Re: Did U find these systems/tools usefull.......

Quote:
Originally Posted by Cactus View Post

election time......... need vote too.

The difference between a boss and leader -

A boss says, GO

&

A leader says, LET'S GO... "
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  #12  
Old 20th November 2008, 08:46 PM
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Default Re: Did U find these systems/tools useful......

Volumes can also help us in identifying a healthy market. the one that will give a directionl move.... then identiying the direction is the latter part

Last edited by the tape; 20th November 2008 at 08:47 PM. Reason: ..........
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  #13  
Old 20th November 2008, 10:32 PM
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Default Re: Did U find these systems/tools useful......

Quote:
Originally Posted by the tape View Post
Volumes can also help us in identifying a healthy market.
I guess........u r reffering individual stock/index and not entire market......?

Quote:
Originally Posted by the tape View Post
the one that will give a directionl move.... then identiying the direction is the latter part
..........?? little confused.......if identifying direction is latter part.....how will u identify directional move.......?

offcourse few tools are available on volumes to identify direction .........but those are not available for majority.

here we are talking about tools ......available for every-one

Last edited by Cactus; 20th November 2008 at 10:53 PM.
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  #14  
Old 20th November 2008, 11:23 PM
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Default Re: Did U find these systems/tools useful......

Understanding the role of volume is not that easy.

Volume gives important clues as to the next possible direction. You identify the possible direction that is pointed out by the volume. Thereafter look for evidence as to the price movement in that direction.
Hope this helps
R. S. Iyer
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  #15  
Old 22nd November 2008, 02:51 PM
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Default Re: Did U find these systems/tools useful......

MISTRY.........OVER MISTRY.......!

will u explain with chart or example please ?

Quote:
Originally Posted by RSI View Post
Understanding the role of volume is not that easy.

Volume gives important clues as to the next possible direction. You identify the possible direction that is pointed out by the volume. Thereafter look for evidence as to the price movement in that direction.
Hope this helps
R. S. Iyer
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  #16  
Old 22nd November 2008, 08:43 PM
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Default Re: Did U find these systems/tools useful......

Quote:
Originally Posted by Cactus View Post
MISTRY.........OVER MISTRY.......!

will u explain with chart or example please ?
For example,

If there is an abnormal volume upon a particular downbar after a prolonged downtrend and the range of that bar is pretty wide when compared to earlier bars, you suspect it to be a selling climax. So volume is giving you an important clue as what is going to happen next. If it is indeed a selling climax, then there is not much downside left. You will be looking for the actual bottoming of the stock. You will look for evidence that downtrend has indeed ended. What could this evidence be? Repeated tests of that low which ends in success. Final confirmation comes when the price reverses its trend (downtrend), forms a base and threafter begins uptrend.

I have just given you a 100 crore rupees worth tip.

Should I add more confusion? Try to lookout all downbars with heavy volume and wide range. Lookout where they happened and why they happened. Lookout what happened thereafter. I never said that trading is easy.

Last edited by RSI; 23rd November 2008 at 10:01 AM. Reason: Horrible typing error. I typed "failure" instead of "success"
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  #17  
Old 22nd November 2008, 09:48 PM
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Default Re: Did U find these systems/tools useful......

Quote:
Originally Posted by RSI View Post
For example,

If there is an abnormal volume upon a particular downbar after a prolonged downtrend and the range of that bar is pretty wide when compared to earlier bars, you suspect it to be a selling climax. So volume is giving you an important clue as what is going to happen next. If it is indeed a selling climax, then there is not much downside left. You will be looking for the actual bottoming of the stock. You will look for evidence that downtrend has indeed ended. What could this evidence be? Repeated tests of that low which ends in failure. Final confirmation comes when the price reverses its trend (downtrend), forms a base and threafter begins uptrend.

I have just given you a 100 crore rupees worth tip.

Should I add more confusion? Try to lookout all downbars with heavy volume and wide range. Lookout where they happened and why they happened. Lookout what happened thereafter. I never said that trading is easy.
yes agreed........
but the chart time frame is important ....
digging down to single tick chart will not solve the problem....will it????
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  #18  
Old 22nd November 2008, 09:54 PM
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Default Re: Did U find these systems/tools useful......

Quote:
Originally Posted by indiatrader 2 View Post
yes agreed........
but the chart time frame is important ....
digging down to single tick chart will not solve the problem....will it????
Trends are visible in every timeframe. One will have to learn to recognise them. Agreed that a "trend" in 1 minute chart may not be a "trend" in a daily chart. Making decision after carefully analysing multi timeframe charts is different from taking trade on the basis of single timeframe chart.
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  #19  
Old 22nd November 2008, 10:01 PM
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Default Re: Did U find these systems/tools useful......

Quote:
Originally Posted by RSI View Post
Trends are visible in every timeframe. One will have to learn to recognise them. Agreed that a "trend" in 1 minute chart may not be a "trend" in a daily chart. Making decision after carefully analysing multi timeframe charts is different from taking trade on the basis of single timeframe chart.

till now i was thinking u wre tellin of some typical trend reversal trades....
thats why agreed man.... with the 100 cr worth part....
now from wher this trend came????????
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  #20  
Old 23rd November 2008, 07:19 AM
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Default Re: Did U find these systems/tools useful......

Quote:
Originally Posted by indiatrader 2 View Post

till now i was thinking u wre tellin of some typical trend reversal trades....
thats why agreed man.... with the 100 cr worth part....
now from wher this trend came????????
May I know what do you mean by "typical Trend reversal trades"? Also I could not understand what you meant by "now from wher this trend came?". Can you explain this sentence also a little bit?

I basically ventured out to this thread because of the options given in the poll. Most important tools of trade are not there in the option. The best tools to asses the market are price, volume and time.
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