Trading Strategies Using Technical Analysis
- Thread starter SwingKing
- Start date
- Tags trading strategies
Hi
I second the view of many made comments here in any points about TA. I may only point out some thing or give a view from outside. A view from the view of an option trader from outside. It will give a little deeper look in the thoughts of real option traders in high developed markets, which do not touch any of your thoughts and experiences. Hope you get that point ! I will start with general experience and then I will come to the real point.
I trade some times short time frames like most of you do. To have the odds in my favor, it is necessary to understand TA and other indicators. Many times, it is only TA or price action, which gives me an odd. Watching price action and trading on price action is just a higher level of knowing different TA. There is no secret behind price action. It is just the next level of simple TA. If you never have been aware of simple TA, price action could be out of the range.
I am as an option trader have some more possibilities, at least in my markets. ( Have learned a lot over the weekend about your possibilities in option trading in your markets and have decide, never again to make any comments on any option strategies which may are traded in your home market, as your market not gives in any way what I am used to and expect from an option market. My comments than for any strategy are more confusing, as they most of all are not makable in your home market )
Back to the subject : As I mentioned, TA or price action is very important for short time trading. Real long time frame option traders do not use TA or price action. Surprised ? But this is also not what Jangan knows or talks about ( Sorry my friend, but not to confuse people, had to mention that ) Most of this long time frame option traders do not even have a clue, where market is heading to
The only thing they are interested in are the moves of the options greeks. Sounds crazy and most may not even understand it, but that is the true and that is one point, I just wanted to point out. I trade some times long time frames strategies with options, as there is no stress with that kind of option trading. The money is less compare to short time trading, but the risk is also very low and that is the reason, why I then some times have to drink a coke :lol:
Take care
DanPickUp
I second the view of many made comments here in any points about TA. I may only point out some thing or give a view from outside. A view from the view of an option trader from outside. It will give a little deeper look in the thoughts of real option traders in high developed markets, which do not touch any of your thoughts and experiences. Hope you get that point ! I will start with general experience and then I will come to the real point.
I trade some times short time frames like most of you do. To have the odds in my favor, it is necessary to understand TA and other indicators. Many times, it is only TA or price action, which gives me an odd. Watching price action and trading on price action is just a higher level of knowing different TA. There is no secret behind price action. It is just the next level of simple TA. If you never have been aware of simple TA, price action could be out of the range.
I am as an option trader have some more possibilities, at least in my markets. ( Have learned a lot over the weekend about your possibilities in option trading in your markets and have decide, never again to make any comments on any option strategies which may are traded in your home market, as your market not gives in any way what I am used to and expect from an option market. My comments than for any strategy are more confusing, as they most of all are not makable in your home market )
Back to the subject : As I mentioned, TA or price action is very important for short time trading. Real long time frame option traders do not use TA or price action. Surprised ? But this is also not what Jangan knows or talks about ( Sorry my friend, but not to confuse people, had to mention that ) Most of this long time frame option traders do not even have a clue, where market is heading to
The only thing they are interested in are the moves of the options greeks. Sounds crazy and most may not even understand it, but that is the true and that is one point, I just wanted to point out. I trade some times long time frames strategies with options, as there is no stress with that kind of option trading. The money is less compare to short time trading, but the risk is also very low and that is the reason, why I then some times have to drink a coke :lol:Take care
DanPickUp
Dear TJ Friends,
Below is a little thought in my opinion about Trading, All of you are most Welcome to criticize me,
At times I somehow believe that if one hasnt read Magee, Murphy, Pring, Schwager, Elder, Nison , Bulkowski, Thorp, Miner, Wyckoff ............And is not sure if he is supposed to be looking at TA Or FA .Nor does he has plans of Travelling to Petra ...( Remember: Indiana Jones indeed found the Holy Grail there at the Al Khazneh ).
Every time he steps into the world of trading the only thing he knows is the Maximum risk he has decided on his trade, and rewards are unknown to him.
(As every divided kingdom falls, so every mind divided between many studies confounds and saps itself .....Leonardo da Vinci )
He has vowed never to become like a snake in front of a snake charmer( NIFTY) when trades go against him,
He my friends according to me is the person who shall be welcomed to the Elite group comprising of only X% of people the so called winners, and thou shall always remain there .
Best Wishes,
Nithin
Below is a little thought in my opinion about Trading, All of you are most Welcome to criticize me,
At times I somehow believe that if one hasnt read Magee, Murphy, Pring, Schwager, Elder, Nison , Bulkowski, Thorp, Miner, Wyckoff ............And is not sure if he is supposed to be looking at TA Or FA .Nor does he has plans of Travelling to Petra ...( Remember: Indiana Jones indeed found the Holy Grail there at the Al Khazneh
).Every time he steps into the world of trading the only thing he knows is the Maximum risk he has decided on his trade, and rewards are unknown to him.
(As every divided kingdom falls, so every mind divided between many studies confounds and saps itself .....Leonardo da Vinci )
He has vowed never to become like a snake in front of a snake charmer( NIFTY) when trades go against him,
He my friends according to me is the person who shall be welcomed to the Elite group comprising of only X% of people the so called winners, and thou shall always remain there .
Best Wishes,
Nithin
Last edited:
G
Dear Jagan,
Just see the NIFTY chart attached.. I have taken retrace levels in two different time frames. Now you can see that at four places the retrace levels are matching. I am sure that if you again take retrace level of an other time frame you may get at least one or two places where you find that retrace level of all three time frames match.
Ok........ Now the question is why it is so?
The answer in simple words is the basic... The price levels of an index or script is decided by the trade which happens on it. And most of the trades are happening on some basic believes... You can call that basic believe as TECHNICAL LOOK TO THAT PARTICULAR CHART BY DIFFERENT TRADERS.
And wise traders always look to the chart with the help of TECHNICAL ANALYSIS
Now let us come to the point.
Finding Fibonacci retrace levels are the part of TECHNICAL ANALYSIS. Now it is not necessary that all the traders who use Fibonacci retrace levels should take it from the same time frame. Their view may differ according to their time frame of investment or trading periods.
But the place where retrace levels of two time frames match are the place where the mind of different traders with different views are getting matched. i.e. there you get a little stronger support or resistance
But you have to believe that all this happens because of some basic thing
and that basic thing is TECHNICAL ANALYSIS
This is the reason I call it as a science. I may be wrong also, but let us discuss it here till we both are proved right.
Thank you,
Gangadharan
TREND IS YOUR FRIEND TILL IT HAVE A BEND.....BUT.... THOSE WHO WORRIED ABOUT THE BEND WILL NEVER EARN TILL THE END.
Last edited by a moderator:
Hi
I second the view of many made comments here in any points about TA. I may only point out some thing or give a view from outside. A view from the view of an option trader from outside. It will give a little deeper look in the thoughts of real option traders in high developed markets, which do not touch any of your thoughts and experiences. Hope you get that point ! I will start with general experience and then I will come to the real point.
I trade some times short time frames like most of you do. To have the odds in my favor, it is necessary to understand TA and other indicators. Many times, it is only TA or price action, which gives me an odd. Watching price action and trading on price action is just a higher level of knowing different TA. There is no secret behind price action. It is just the next level of simple TA. If you never have been aware of simple TA, price action could be out of the range.
I am as an option trader have some more possibilities, at least in my markets. ( Have learned a lot over the weekend about your possibilities in option trading in your markets and have decide, never again to make any comments on any option strategies which may are traded in your home market, as your market not gives in any way what I am used to and expect from an option market. My comments than for any strategy are more confusing, as they most of all are not makable in your home market )
Back to the subject : As I mentioned, TA or price action is very important for short time trading. Real long time frame option traders do not use TA or price action. Surprised ? But this is also not what Jangan knows or talks about ( Sorry my friend, but not to confuse people, had to mention that ) Most of this long time frame option traders do not even have a clue, where market is heading to The only thing they are interested in are the moves of the options greeks. Sounds crazy and most may not even understand it, but that is the true and that is one point, I just wanted to point out. I trade some times long time frames strategies with options, as there is no stress with that kind of option trading. The money is less compare to short time trading, but the risk is also very low and that is the reason, why I then some times have to drink a coke :lol:
Take care
DanPickUp
I second the view of many made comments here in any points about TA. I may only point out some thing or give a view from outside. A view from the view of an option trader from outside. It will give a little deeper look in the thoughts of real option traders in high developed markets, which do not touch any of your thoughts and experiences. Hope you get that point ! I will start with general experience and then I will come to the real point.
I trade some times short time frames like most of you do. To have the odds in my favor, it is necessary to understand TA and other indicators. Many times, it is only TA or price action, which gives me an odd. Watching price action and trading on price action is just a higher level of knowing different TA. There is no secret behind price action. It is just the next level of simple TA. If you never have been aware of simple TA, price action could be out of the range.
I am as an option trader have some more possibilities, at least in my markets. ( Have learned a lot over the weekend about your possibilities in option trading in your markets and have decide, never again to make any comments on any option strategies which may are traded in your home market, as your market not gives in any way what I am used to and expect from an option market. My comments than for any strategy are more confusing, as they most of all are not makable in your home market )
Back to the subject : As I mentioned, TA or price action is very important for short time trading. Real long time frame option traders do not use TA or price action. Surprised ? But this is also not what Jangan knows or talks about ( Sorry my friend, but not to confuse people, had to mention that ) Most of this long time frame option traders do not even have a clue, where market is heading to
The only thing they are interested in are the moves of the options greeks. Sounds crazy and most may not even understand it, but that is the true and that is one point, I just wanted to point out. I trade some times long time frames strategies with options, as there is no stress with that kind of option trading. The money is less compare to short time trading, but the risk is also very low and that is the reason, why I then some times have to drink a coke :lol:Take care
DanPickUp
Thousand thanks for your links. On lighter thought, why not drink water! Even cheaper,and fizzy drinks I heard is not liked by the stomach. Cheers
Dear TJ Friends,
Below is a little thought in my opinion about Trading, All of you are most Welcome to criticize me,
At times I somehow believe that if one hasnt read Magee, Murphy, Pring, Schwager, Elder, Nison , Bulkowski, Thorp, Miner, Wyckoff ............And is not sure if he is supposed to be looking at TA Or FA .Nor does he has plans of Travelling to Petra ...( Remember: Indiana Jones indeed found the Holy Grail there at the Al Khazneh ).
Every time he steps into the world of trading the only thing he knows is the Maximum risk he has decided on his trade, and rewards are unknown to him.
(As every divided kingdom falls, so every mind divided between many studies confounds and saps itself .....Leonardo da Vinci )
He has vowed never to become like a snake in front of a snake charmer( NIFTY) when trades go against him,
He my friends according to me is the person who shall be welcomed to the Elite group comprising of only X% of people the so called winners, and thou shall always remain there .
Best Wishes,
Nithin
Below is a little thought in my opinion about Trading, All of you are most Welcome to criticize me,
At times I somehow believe that if one hasnt read Magee, Murphy, Pring, Schwager, Elder, Nison , Bulkowski, Thorp, Miner, Wyckoff ............And is not sure if he is supposed to be looking at TA Or FA .Nor does he has plans of Travelling to Petra ...( Remember: Indiana Jones indeed found the Holy Grail there at the Al Khazneh
).Every time he steps into the world of trading the only thing he knows is the Maximum risk he has decided on his trade, and rewards are unknown to him.
(As every divided kingdom falls, so every mind divided between many studies confounds and saps itself .....Leonardo da Vinci )
He has vowed never to become like a snake in front of a snake charmer( NIFTY) when trades go against him,
He my friends according to me is the person who shall be welcomed to the Elite group comprising of only X% of people the so called winners, and thou shall always remain there .
Best Wishes,
Nithin
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