My Swing Trading :3 Indicator Method

#22
hi suresh,
welcom to the forum. you seem new to charting. This setup
is not downloaded but plotted on the chart. if you don't have
any charting software getone . Till then as an alternate you
can use icharts.in a website by swingtrader . plot indicators
on it and test them on different securities.
regards,
vinay
 

rpc

Active Member
#23
Hi Joy
Sorry for replying late.Thank you for explanation on risk-reward ratio.In my local newspaper I come across words like "risk -reward ratio is more than 3 so it is a good BUY".Could you pls tell me what could this mean ? Since the ratio is arrived at "3" it looks like some mathematical calculation.
Does elliot wave theory allow to pridict prices say after 2-3 weeks or mths ?I believe fibonnacci allows that.Am I correct ?
Pls advice
Many thanks for devoting your time to answer queries at this forum.
 
#24
HELLO!
Thanks for all your inputs in the forum.
How is rcovl -reliance communication
and
Bajaj hindustan looking on the charts,
i have entered rcovl @300
and
bajajhind@ 509.
when should i exit?
thanks
dr rao
 
#25
hi rpc,
in simple terms suppose a stock is trading at Rs. 10 and you expect
it to rise it to Rs.19 then your reward is Rs.9 and let your stop be at
Rs. 7 then your risk is Rs.3 So a R/R ratio of 9/3 or 3:1 in your favour.
so, a ratio of more than 3:1 is v.good. Hope this helps you.
vinay
 
#26
hi drvasurao85,
I do not think I have reached stage where I could give
advice on individual stocks but after a quick look at charts I think both
are hold . But no fresh positions. please keep tightening your stop loss.
for details see threads by saint amitbe and others who are much better
analysts than me.
vinay
 
#27
Hi,

Can some one point me to the thread that explains the of 3-13-39 scanning method of selecting stocks?. I have seen this at traderji.com when I joined, but unable to find its where abouts. Can some one help me?

Thanks,
Balaji.
 

rpc

Active Member
#29
Hi Joy
Thanks for the explanation.Now I have understood.A simple concept I thought involved a lot of calculations.You have explained beautifully with example.
Pls reply to follo which I asked in earlier post also

Does elliot wave theory allow to pridict prices say after 2-3 weeks or mths ?I believe fibonnacci allows that.Am I correct ?
Is there any way of determining future prices ? Have you any idea how the experts say price of a scrip after say 2-3 weeks or months will be so and so.
Thanks
 
#30
Hello joy_verma,
interestingly i visited today again this site and i again like your technicals on PBA infrastructure.Really a greast Sharing spirit..i use to Metastock but i dont go much into this much deepness.i just watch LINES graph on daily as well as on Weekly Basis and watch volumes closely on every script which i like,
i wishi could Learn all these Terms of MACD, DMA.. i always try on charts but dono how to read.
Recently i bought VICEROY Hotel at 125 and sold at 138.
Now has entered in GVK POWER & INFRA as it has entered in bullish Zone above 303/- seems like Good to me, Levels Seems like 335 385+ in Short Term. IF anyone Tracking this too, do Message me at [email protected]
or add me at yahoo messenger rishi107
i wuld like to have add you joy_verma or anyother techncial guy who is interested in Techncials breakouts .Tracking EDUCOMP,M&M FINANCIALS,Reliance Communication too.
i will wait for your message Joy so that we can discuss or share some good items on shares
Thanks
 

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