Can you please throw some light on how to read price pattern. Is it only about support, resistance, trend lines or is there something we need to look more deeper. I have always been looking at TA and realise didn't give much importance to the important thing which is the price. Your...
Hats off for your writing. To be frank I have seen many people posted their history like this. When I started reading, I felt this is another gyan. But one line ( I have highlighted), one great line which you wrote made me read your post again and realize the meaning of your post...
Thanks for the details. Can you please let me know how do you avoid the lag in trend following indicators?
Also pls let me know your view on Suzlon. Below is my options. Let me know your suggestion. (Below is the chart)
1. To short - All short term indicators loosing...
Thanks for the clarification. Can you please clarify on how you came up with the resistance level at 330 to 335.
I use below indicators/time frame to analyse. I trade short term and hold for 1-3 weeks (depends on the price move). Correct me if I need to change anything.
Please share your thoughts on my analysis.
Attaching BHARTIAIRTEL Triple screen trading system. Chart on 11th December.
Screen 1 - Weekly - Bullish
Screen 2_1 - Daily - RSI and Stochastic giving sell signal and price retracing from BBTop
Screen 2_2 - Daily - Force Index giving sell and 315...
As I had mentioned before, ASHOKLEY is dangerous as it gives a width of 1 - 2 rs on a day. If goes on opposite direction, you will end up loosing 22% of your margin for every rupee move.
Still if you are entering, I would suggest you cover in gap down.
Watchout for ASHOKLEY and BHARTIAIRTEL. Might do a bearish crossover today.
BHARTIAIRTEL (LTP - 315.25) anything less than 310.85 will become bearish (unlikely but if the current level holds, tomorrow we might see a crossover)
ASHOKLEY (LTP - 26.95) anything less than 26.70 will see bearish...
Yes this is Elder Safe Zone stop loss afl. This is nothing to do with 315. This will help you choose SL when you are entering trade. You can use this for 315 as well. when you go long find what is the SL for long and vice versa for short.
You can't add this to AMI. It is not AFL.
Below is the AFL for the same.
sZPeriod = Param("Period", 9, 2, 50, 1);
sZK = Param("Coefficient", 3, 0.1, 5, 0.1);
sZHold = Param("Hold Period", 3, 0, 10, 1);
//SafeZone stop calculation for Long
lowDelta = IIf(Ref(L,-1) < Ref(L,-2)...
Open Analysis-->Automatic Analysis.
1. Pick the AFL (you should have stored the formula in a .afl file)
2. Do for the current symbol (otherwise it will run very slow for all the symbols)
3. You can modify the timeframe as you want.
4. Change the setting for both Long and Short (see the...