My daytrading
- Thread starter Raghavacc
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We see some signs of friction in this thread.I would request the following to all so that we keep harmony and order in this thread :
1) All direct questions which are asked in proper language may be replied properly....let us be more patient in our questions and answers both.An aggressive question may be ignored totally if we think it fit to do so.
2) All members are requested to ask genuine questions....if someone does not agree with the things mentioned in this thread he has a liberty to ignore the thread. I dont think that by reading the posts in this thread the new traders are going to harm themselves. Let the answers also be simple and straight.
We are all students of the market and we are all here to share our knowledge,experience and gain knowledge in the process. We ,I hope, are not here for one up manship and proving who is smarter than other. Market is smarter than all of us put togather and we channelise all our energies to gain an edge in the market.
I request everybody to cooperate. Thank you all ,friends...
Smart_trade
1) All direct questions which are asked in proper language may be replied properly....let us be more patient in our questions and answers both.An aggressive question may be ignored totally if we think it fit to do so.
2) All members are requested to ask genuine questions....if someone does not agree with the things mentioned in this thread he has a liberty to ignore the thread. I dont think that by reading the posts in this thread the new traders are going to harm themselves. Let the answers also be simple and straight.
We are all students of the market and we are all here to share our knowledge,experience and gain knowledge in the process. We ,I hope, are not here for one up manship and proving who is smarter than other. Market is smarter than all of us put togather and we channelise all our energies to gain an edge in the market.
I request everybody to cooperate. Thank you all ,friends...
Smart_trade
hi Raghav,
i have one query regarding stoch settings in amibroker where i see the settings of %d and %k separately mention plz tell me the settings for stoch.For %d there are two parameters and for %k there are three parameters.
thanks in advance
ss dhiman
i have one query regarding stoch settings in amibroker where i see the settings of %d and %k separately mention plz tell me the settings for stoch.For %d there are two parameters and for %k there are three parameters.
thanks in advance
ss dhiman
I do not use Amibroker.I request some members using Ami to guide.
Regards
Raghav
this is the code for stochastic with settings of 14,5,5
check if its of any use
_SECTION_BEGIN("Stochastic %K");
k=StochK( periods = 14, ksmooth=5 );
d=StochD( periods = 14, Ksmooth=5, Dsmooth=5 );
Plot(k, "stock 14,5", colorDarkGreen, styleLine);
Plot(d,"stoch 14,,5",colorDarkRed, styleLine);
_SECTION_END();
check if its of any use
_SECTION_BEGIN("Stochastic %K");
k=StochK( periods = 14, ksmooth=5 );
d=StochD( periods = 14, Ksmooth=5, Dsmooth=5 );
Plot(k, "stock 14,5", colorDarkGreen, styleLine);
Plot(d,"stoch 14,,5",colorDarkRed, styleLine);
_SECTION_END();
This is what Exactly this system wants to achieve. We are in a trending market now. That does not mean we disappoint a scalper. We want rewards for both .Educomp chart we are looking at 20th May .Just one signal early in the morning for a trend follower. Then all the way and entire month is made. He can spend rest of the month for any other committments!!!:thumb:560-500.
Then a scalper has may be 2-3 signals in the antitrend direction which also fetches few rupees. We need to remember a scalper never remains in the trade for say more than 30 Minutes.(max).So at the end of the day both go smiling. Can it become simpler than this?
Also note where the signal got generated .In oversold zone. So Stoch and BB go in synch.Chart keeps on generating signals like this number of times in a day in a week. Just catch 2-3 signals in a week .Thats enough.Even powerful swing trading can be done through this set up. If you surf through BB thread I posted one chart when ICICI was @1000 and it gave a sell signal ( F&O).I used same system. BB upper pierce.then negative divergence.Today its trading @ 834.
I do study lot on psychology. In every one of the book I read it concludes that human brain is so tuned from early ages that it cannot do simple things over a period of time consistently.Ironically even we don't allow others to do simplistic things....!!!we need magic formulas everywhere.....well......... what to say...
Sorry ST - Thats the way I talk... too much straight forward....
Regards
Raghav
Then a scalper has may be 2-3 signals in the antitrend direction which also fetches few rupees. We need to remember a scalper never remains in the trade for say more than 30 Minutes.(max).So at the end of the day both go smiling. Can it become simpler than this?
Also note where the signal got generated .In oversold zone. So Stoch and BB go in synch.Chart keeps on generating signals like this number of times in a day in a week. Just catch 2-3 signals in a week .Thats enough.Even powerful swing trading can be done through this set up. If you surf through BB thread I posted one chart when ICICI was @1000 and it gave a sell signal ( F&O).I used same system. BB upper pierce.then negative divergence.Today its trading @ 834.
I do study lot on psychology. In every one of the book I read it concludes that human brain is so tuned from early ages that it cannot do simple things over a period of time consistently.Ironically even we don't allow others to do simplistic things....!!!we need magic formulas everywhere.....well......... what to say...
Sorry ST - Thats the way I talk... too much straight forward....
Regards
Raghav
Last edited:
Lets keep it simple.
Oversold: Say we have many vegetable shops in our colony.They keep on selling and at some moment say all the stocks start getting emptied.But people have to eat and survive .So people start buying and due to heavy demand the shopkeeper keeps on increasing the price. So the price goes up.
Demand>supply = price goes up
Thats why we always BUY in oversold zone because price is going to go up.
( Exception Stoch stays in OS>5BARS )
Overbought: Lets say people have bought the vegetable for next one week and the demand now has declined as there are no buyers.Then the shopkeeper start reducing the prices as there is no demand. So price drops.
Thats why we always SELL in OB zone as the price declines and we can buy later stage for lesser price.
( Exception Stoch stays in OB>5BARS).
supply > demand = price goes down
Its just a hypothetical example to understand the concept. Lets not apply our logical mind here !!!.
Regards
Raghav
Oversold: Say we have many vegetable shops in our colony.They keep on selling and at some moment say all the stocks start getting emptied.But people have to eat and survive .So people start buying and due to heavy demand the shopkeeper keeps on increasing the price. So the price goes up.
Demand>supply = price goes up
Thats why we always BUY in oversold zone because price is going to go up.
( Exception Stoch stays in OS>5BARS )
Overbought: Lets say people have bought the vegetable for next one week and the demand now has declined as there are no buyers.Then the shopkeeper start reducing the prices as there is no demand. So price drops.
Thats why we always SELL in OB zone as the price declines and we can buy later stage for lesser price.
( Exception Stoch stays in OB>5BARS).
supply > demand = price goes down
Its just a hypothetical example to understand the concept. Lets not apply our logical mind here !!!.
Regards
Raghav
Hi,
This is the Nifty 5 min chart. Please observe the blue line in the image attached. Here is where RSI > 70 for more than 5 candles (satisfying the first condition), for the second condition, there is no candlestick pattern showing negativity signs but the Nifty has crashed. Please suggest the behaviour behind it.
Also, for Tata Steel and SBI, the candlestick trends were positive in the daily charts of the type "Meeting Lines Pattern" and "Bullish hold pattern", still both of them closed in negative. Any suggestive reasons.
This is the Nifty 5 min chart. Please observe the blue line in the image attached. Here is where RSI > 70 for more than 5 candles (satisfying the first condition), for the second condition, there is no candlestick pattern showing negativity signs but the Nifty has crashed. Please suggest the behaviour behind it.
Also, for Tata Steel and SBI, the candlestick trends were positive in the daily charts of the type "Meeting Lines Pattern" and "Bullish hold pattern", still both of them closed in negative. Any suggestive reasons.
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