2014 initiative

welcome in new year , new expetation's , new joy . every one want to earn money , to live like a biggy one , to own a bunglow , jaguar etc.....
every one has his own dream ..........

want to some initiative in direction of our dream ......

idea is :

can 5-10 peoples jointly volunteer a work , each one take 5 script of his choice ,
analyize every aspect of his choosen script , and it's his responsability that he will update it ......

it will be do in, in this thread, any blog , any thread , skype , hangout , whatsapp or anywhere ......script may be fno , mcx or ncdex.......

timeframe : here analysis is done on weakly , daily
and fine tuning will be done in 30 minutes or 15 minutes .......

so it is not a intraday zig-zag game ..........

analysis around : fibs , 50sma , 200sma , support-resistance , candlestick pattern's , breakout breakdown from conjection zone ,instint, what ever his expertise , one can use his own judjment .........own analysis ......

every one have different expertise , different idea to analyse
what we r doing is by jointly efforts of all of us ,
if in 30 scripts we can trade by our judgment and if only 2-3 trades click than we made our day....

posting of charts is essential in starting day's ........have to left ego , have to left thinking that what peoples will say if i am wrong ........we discuss setups , trades on basis of charts we analyze them , by jointly effort may be what one is seeing , the other one also will ...........

this is jointly effort ............

if u find any flaws or loop holes here , plz suggest ......as it is process of evolution of us in a die heart trader ......

my english writing is weak so , plz bear with my language ......language may be wrong but my thinking is in evolution ..........

p.s.: i have 250-300 gb learning material + whole eod database + 4-5 yrs ieod data.......will glad to share with all .......

pardon me but i didnt get it fully, people will be giving calls and taking trades based on those ?

volianters will post there charts of there choosen script........after than we all here discuss on that , in discussion other members will post there contra views or post there charts with there argument .........if all feels correct than we can take trade with low risk setups .......

whats ur trading style ?

use of this initiative is ......diff people have different styles , so we can get evolve ourself by discussion from various charts ,

as u r master on 3 min chart.........

i fell little discomfort in the same , while i read ytc to gain some confidence , nirvana for using discission points .....

what is i think , we switch lower timeframe only when we r closer to desicison point of a higher tf , just to fine tune our entry and to see whether it is respecting that particular lvls or not .....

price action is the major source of sucess .....

currently i am trading majorly on bnf , with a system (collorabating of three) on 15m with full confidence ..........

and main thing i see for sucess is confluence , when there is confluence of 2-3 things than it will be a high probability trade setup .......

currently using fib on daily , sr points , swing high-lows .....and some candlestick patterns on these points .....use of ma for support ........

i am not comfortable with breakout's ......i feel that first retracement is always a good R:R trade ....

stay with trend and look for low risk setup to enter ,

will post my trades and charts regularly once some other traders will respond to this initiative .........

ok, i didnt know that u are aware of my trading style. It will be actually quite good if people of different styles come together to share ideas but the challenge will be quality and structure, also only people who are serious to learn should be there.

i have been trying it earlier also , but some traders there are leachers they only want to get ready made food , they only come ther for chit chat and nothing else , it's ok , in initial days u r not getting any setups , but atleast try to find .........traderdude , hik , cellclinic also initiate this theme earlier but get no response from other traders .........as today is start of new year , i think to re-initiate this theme , as there is no loss is sharing we learn more by discussing .........as no one can see and analyse all scripts , by dividing our work , we are helping ourself and other volunters ..........

yeah, confluence increases probability, i don't use fib or ma or usual candlestick pattern but everyone should use whats profitable to them. In future i will see if they can improve my edge and your analysis can make it easier for me .
Breakout's, BOF actually should be taken after seeing context, there are pattern and market conditions when breakout has high probability of success (like higher lows against a resistance level in strong market) while at other times BOF are favorable( like these days when volume is low).

Trade with trend should be the first thing anyone attempt, fading requires better skill.
You should start posting your charts others will join in. Best of luck .