Trading Strategies Using Technical Analysis

Re: 2-3 Week Swing Trade Setup

Thanks for ur compliment watcher...

Tc

[off-topic] Technical Chart Patterns For Beginners

Thanks Mr.Raunakagarwal for formatted explanation and charts!

Could please tell me how reliable
if setup contain Fib Retracement and stochastics with dual time frame with one trailing bar entry and exit!

Please review my chart and justify setup,please comment if something wrong to improve/optimize my setup

i didn't considered ABC correction,i want myself to graduate in Fib Ret of correction first,then ABC correction.so even didn't consider ABC for Target too! Hence first thing in my mind while formulating this setup is "Keep Simple"

Large Time Frame:15 min


Smaller Time Frame: 5 min(Entry)


Smaller Time Frame: 5 min(Exit and Money Management)

Re: [off-topic] Technical Chart Patterns For Beginners

Kainiteh,

Good Analysis. Keep it up.

However I have two points to make.

Firstly, you are using Robert Miner's Dual time frame strategy. Now you haven't taken into consideration ABC correction phase and time retracements. In my opinion you are missing out on very important factors. You have to consider ABC correction wave and time retracement. It's like driving a car without steering and brakes. ABC correction phase (is steering; tells you whether market is in correction or trend) and time retracement (is brake; it tells you when to stop). Hence, I will encourage you to use these two important points in your trade. It's better to master a setup rather than mastering a part of it.

Secondly, since you are relying on fibonacci retracement, I would advise you to use trend lines with it. Using trendlines, fibonacci and candlesticks together give some of the most amazing trades. Once you master this setup, you will start buying much lower and will make larger gains. If I were you, I would have entered the trade once the prices would have retraced back to zone 'A' (15 minute chart keeping stop loss of 722).

Tc

re: "Trading Strategies Using Technical Analysis".

Raunak, when you enter a 3-4 days swing trade, do you go for a fix target or you square off your position on 4th day at whatever best price you get...

re: "Trading Strategies Using Technical Analysis".

That's a very subjective question to which I have no simple answer.

What I do is go behind my gut instinct. I rather rely on the 'Feel' of the stock. I keep most of my trades till the 4th day... While making a loss, I exit on day 1.

Tc.

Re: [off-topic] Technical Chart Patterns For Beginners

You are right, I am using Robert Miners Dual Time Frame Strategy!

How do you rate "Robert Miner's High Probability Trading Strategy"
and his software called "Dynamic Trader",hence it don't have much
review and popularity in web...i think so?

Both are valid point! ABC correction and Time Retracement.Really
Analogy you used was really a Good one :clapping:

Please tell more about Time Retracement? Amibroker is my charting
software!

Thanks

Re: [off-topic] Technical Chart Patterns For Beginners

1. Robert Miner's Strategy is really good. Among the few strategies I have seen, the dual time frame strategy does make sense and does generate profits. Infact, try and use it in intraday trades too. It will benefit you. Any system (even as basic as a MA corssover system) is good till the concerned person using that has discipline.

2. Dynamic Trader software - See, any software is good till it has basic TA tools. TA software is not a magic wand. It is just a tool. It is you who has the magic. Till you are using Amibroker/Metastock/TradeStation you should be fine.

3. Time retracement in Amibroker is present as Fibonacci time zones. It's not actually a retracement tool. I had mistakenly written it as time retracement. What Rober Miner has written about (I think in chapter 5) can be implemented by using fibonacci time zones.

Tc

Re: [off-topic] Technical Chart Patterns For Beginners

Thanks a lot! Your Points are most valid,i do consider all your view and suggestion!
i will change setup with Fib time retracement and follow ABC correction!
This is starting phase for me and i am 4 month old in trade!
i will get back you with revised one! i think you will extend your help to
optimize my setup
Thanks
Regards

Re: [off-topic] Technical Chart Patterns For Beginners

I'll certainly help you out with optimization and anything else.

Tc and Good Luck.

5 Day Momentum Trade Setup

5 - Day Momentum Trading Method

Requirement Candlestick Charts/Bar Charts with Stochastic Indicator (8,3,3) Settings and ADX (14), PDI (14) and MDI (14).

Brief Introduction This setup belongs to Jeff Cooper known as one of the finest momentum traders. The setup is simple to understand and implement. This setup is typically for trending markets and will work fine with uptrending and downtrending markets. Please note that, while uptrends, IGNORE short signals and while dowtrends IGNORE buy signals. The success rate of this setup is 50%. However, since the losses are so small, you will have trades with large gains.

Trade Setup - Pick a stock which is trending upwards. A typical setup occurs when the stock runs up a bit and then retraces back (typically between 38.2 and 50% level). To identify which is the valid entry point, stochastic (8,3,3) should give a buy signal below or at 30 and ADX(14) should be above 35 with PDI (14) greater than MDI (14).

Example - In an example shown below, Allahabad Bank has given a buy signal on 8th of October 2009. Stochastic has crossed below 30 with ADX(14) greater than 35 and Positive divergence (14) greater than Negative divergence. Buy on 9th October above the previous day's high and suqare off the position typically on the 4th or 5th day.

StopLoss - Stoploss is below the low of the buy signal day.

Usage - This pattern can be used on DAILY charts for 3-4 day trades.