Need some help from experienced people here on Traderji.
What are the best methods or techniques of projecting a statistical data into the future.Lets say we want to project Stoch Oscillator or for that matter price actions or Moving averages into the future.
Is there any fixed / defined rules or methods ? Which one is the best option to use in such a case.
Dear AkGandhi,
What kind of trader are you ?
Day Trader or Swing Trader or a speculator.
If Day Trader - Some thing like OI - FII data - Asian Markets,Trend,,Candle stick pattern, News could be helpful on few days.Higher time frame support/resistance levels.
But at the same time -
the bias could affect the day trading.
Some days - it is sell on news and some days it is buy on news.
Swing Trader
Trend,VIX,PE ratio,OI,Delivery Volume,Roll over analysis,Options pricing,Cost of carry,Higher time frame support/resistance levels,Candle stick pattern.
But again none of these are fool proof and there is no holy grail.
If at all there is one markets will fill those gaps as it develops.
A 100 + points on the opposite side and again markets moving as predicted could be costly financially and psychologically.
Instead of learning every thing and finally negating every thing and coming to a conclusion - keep it simple and that price is the king and following the price after wiping the account couple of times it is
Both Jagan and Jahan are telling better to anticipate and trade what we see than what we think.