Learning Group -VIJAYWADA

[XRAY27]

3 valleys and a river pattern

Refer:Trading charts pattern like pros -Suri Duddella

 

[shashi kiran]

Dear TJ's

This is thread is a Learning Group for all the traders in vijaywada and near by ...to have sharing of the idea's related to trading ...

off course every Tj is welcome ....

......................................"HAPPY VIJAYADASAMI"...............................

so where are u waiting for classes

 

[XRAY27]

so where are u waiting for classes

Read from start of this thread you will find lot useful...i'm not a paid guru and available in TJ..in case of any doubt please feel free to post in this thread..

:thumb:

 

[XRAY27]

 

[XRAY27]

Definition

Technical analysis is the study of market action primarily through the use of charts and for the purpose of forecasting future price trends.

Note:

MARKET ACTION = PRICE + VOLUME

1. Market action discounts everything

It is only PRICE + VOLUME that reflects true supply and demand!

Unless this is fully accepted, nothing that follows can make any sense. It is the corner stone of Technical Analysis.

Charts do not cause up and down swings in the price of a share, they simply reflect the reaction of a massively varied body of investors, speculators and traders, to the fundamentals. The chartist knows that there are reasons for price movements, but he does not believe that knowing those reasons is necessary for the charting process.

2. Prices move in trends

Accept that they do, as the whole purpose of charting price action is to indentify the peaks and troughs in a trend for optimum timing of exit and entry into a share!

3. History repeats itself

The only way we can assume anything about the future, is by looking at the past. So, based on the assumption that human nature basically does not change and that it is human sentiment that is reflected in market action, we look at the chart history of a share to extrapolate to the future.

Criticisms

1. Self fullfilling prophecy

Waves of buying and selling are created by signals generated whthin the charts.
Chart reading is subjective.

These two critisisms are always lumped together, but really, (ii) entirely negates (i)!

2. The past has nothing to do with the future

All forecasting must be based on the past. There just is no future information available!

3. The "Random Walk" theory

This theory states that prices fluctuate randomly about their intrinsic value, therefore a "buy and hold" strategy is the only one worth considering! Trends do not exist and all market action is arbitrary.

 

[niftyoption]

inverse head & shoulder in nifty spot eod

if nifty cross 8500 activated and as per pattern 8800 supply area

 

[XRAY27]

Options telling i'm bullish and price pattern (3 valleys and river)if above 8500 ...

Does this mean we marry this levels ?? answer is "NO" we will react as per market moves..these are only for direction

 

[niftyoption]

Advance 154
Decline stocks 850

 

[XRAY27]

3 valleys and a river pattern

Refer:Trading charts pattern like pros -Suri Duddella

Present position

Nifty closed above resistance area.

 

[niftyoption]

TODAY I READ ONE ARTICLE ABOUT GOLD & SILVER FOR LEARNING PURPOSE......

Top 5 Reasons to Buy Gold and Silver in 2015

SOURCE : https://atopmex.com/blog/top-5-reasons-to-buy-gold-and-silver-in-2015