Analysis of charts - discussion share ur views

[vishalalluri]

hi talisman,
vishal is doing great job here. but i need you help also because i don`t want to bother vishal too much .

what i think SMA is simple moving average and it means ,10 day sma mean add the closing of 10 days and divided by 10 , what value we get that will be 10 day sma.

from this you can judge my level, so please tell me SMA in simple language, what is the method of calculating them , how we can take the benefit from them ,for short term trading, if you know any link for sma learning , kindly provide the link .

thank you very much. take care


best regards

HI ANU

MORE THE QUERIES MORE THE DOUBTS MORE EACH OF US LEARN

PLEASE VISIT THIS LINK

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

ANYTHING U WUD LIKE TO DISCUSS AFTER READING POST THEM


MIGHT BE THIS WOULD BE OF HELP TO U

I HAVE STARTED CANDLESTICK CHARTS AS A NEW THREAD HOPE ALL OF US ( NOVICE TRADERS)WILL LEARN DURING THE PROCESS

 

[vishalalluri]

Hi everyone

sorry for not beong able to post today ill try my best to post as much possible tomorrow

 

[Sunny1]

Hi everyone

sorry for not beong able to post today ill try my best to post as much possible tomorrow

dont post as much as possible but post as best as possible.

 

[cbosein]

ANOTHER CHART SHOWING gmma ichimoku adx rsi

Hi Mr.Vishal,

I am new commer joined very recently & regularly reading this threads. Your post are very exciting 7 useful for learners like me. Thank you for the same.

After going thro' this thread, I downloaded Chart Nexus v2.4.1 7 able to download from NSE & BSE EOD dates till 18th Sep'09.

I need a support from your end / seniors for the follwing 2 points.

1) How to indicate EMA or SMA in chart where as I am able to get only MA since in indicators menu I am able to select only Moving average /2/3 not EMA or SMA. How to add EMA /SMA in Indicators menu>

2) Expansion for CMP /CMR?

3) What is 30 pips mentioned in Fibonacci chart?

4) Which combination of indicators are mostly reliable for intraday trading?

Sorry for asking many questions. Please support.

Thanks & regards
Keerthi

 

[vishalalluri]

Hi Mr.Vishal,

I am new commer joined very recently & regularly reading this threads. Your post are very exciting 7 useful for learners like me. Thank you for the same.

After going thro' this thread, I downloaded Chart Nexus v2.4.1 7 able to download from NSE & BSE EOD dates till 18th Sep'09.

I need a support from your end / seniors for the follwing 2 points.

1) How to indicate EMA or SMA in chart where as I am able to get only MA since in indicators menu I am able to select only Moving average /2/3 not EMA or SMA. How to add EMA /SMA in Indicators menu>

2) Expansion for CMP /CMR?

3) What is 30 pips mentioned in Fibonacci chart?

4) Which combination of indicators are mostly reliable for intraday trading?

Sorry for asking many questions. Please support.

Thanks & regards
Keerthi

hi keerthi

i would answer ur question one by one

1) when u go to the indicators panel we have our ma /2 /3 these are default the SMA . you want to edit them then click on MA and click edit u get a new edit screen for u can change period to any let it be 3/5/10/15/20/50 etc etc

if u want to again change it to ema then u have to check the box next to it given as Exponential click ok u get the ema then .

2) cmp is current market price

3 i dont know how shud i explain pip in fibonaci i have not used fibonacci myself

4)regarding the indicators it depends lots of people usse bollinger bands with rsi

some use 3sma/15 sma

u need to make your system for making check which combianations works best

intraday can be also done with pivot and suports/resistance trading with an additional confirmation of adx or rsi or stochastic

i trade short term so i shared what i know

 

[Sunny1]

Hi Mr.Vishal,

I am new commer joined very recently & regularly reading this threads. Your post are very exciting 7 useful for learners like me. Thank you for the same.

After going thro' this thread, I downloaded Chart Nexus v2.4.1 7 able to download from NSE & BSE EOD dates till 18th Sep'09.

I need a support from your end / seniors for the follwing 2 points.

1) How to indicate EMA or SMA in chart where as I am able to get only MA since in indicators menu I am able to select only Moving average /2/3 not EMA or SMA. How to add EMA /SMA in Indicators menu>

2) Expansion for CMP /CMR?

3) What is 30 pips mentioned in Fibonacci chart?

4) Which combination of indicators are mostly reliable for intraday trading?

Sorry for asking many questions. Please support.

Thanks & regards
Keerthi

30 PIPS MENTIONED IN FIBONACCI CHARTS??? I DONT
KNOW WHAT PIP YOU ARE TALKING ABOUT.
PIP WHICH I KNOW IS USED IN CURRENCY TRADING.
ONE PIP IS SMALLEST MOVEMENT IN THE CURRENCY PAIR. SO MOVEMENT IN CURRENCY PAIR IS COUNTED IN PIPS LIKE WE DO IN RUPEES FOR SHARES.

 

[vishalalluri]

30 PIPS MENTIONED IN FIBONACCI CHARTS??? I DONT
KNOW WHAT PIP YOU ARE TALKING ABOUT.
PIP WHICH I KNOW IS USED IN CURRENCY TRADING.
ONE PIP IS SMALLEST MOVEMENT IN THE CURRENCY PAIR. SO MOVEMENT IN CURRENCY PAIR IS COUNTED IN PIPS LIKE WE DO IN RUPEES FOR SHARES.

yeah sunny even i was tinking what was pip in nifty

generally pip ( precentage in price) and is equal o the smallest movement in currency

i think pip in nifty can be if we buy nifty at 4967 sell it at 4977 then we make 10 pips profit i saw it in nifty future intraday trading in youtube

correct me if wrong

what happened with ur tata chemicals trade the other day

 

[Sunny1]

yeah sunny even i was tinking what was pip in nifty

generally pip ( precentage in price) and is equal o the smallest movement in currency

i think pip in nifty can be if we buy nifty at 4967 sell it at 4977 then we make 10 pips profit i saw it in nifty future intraday trading in youtube

correct me if wrong

what happened with ur tata chemicals trade the other day

WELL I AM NOT SURE THAT PIP CAN BE APPLIED IN NIFTY OR NOT.


I TRADED SMALL QUANTITY IN TATA CHEMICAL WHEN it went TILL 269 and it hit stop so did not add the position. I am still keeping watch on it.
others stock i am watching are sbi and tata steel as both are in overbought zone for more than 5 bars in 1hr and 30 min charts.

 

[cbosein]

30 PIPS MENTIONED IN FIBONACCI CHARTS??? I DONT
KNOW WHAT PIP YOU ARE TALKING ABOUT.
PIP WHICH I KNOW IS USED IN CURRENCY TRADING.
ONE PIP IS SMALLEST MOVEMENT IN THE CURRENCY PAIR. SO MOVEMENT IN CURRENCY PAIR IS COUNTED IN PIPS LIKE WE DO IN RUPEES FOR SHARES.

Hi Mr.Sunny,

Thanks for your response & support

Regards,
Keerthi

 

[cbosein]

Hi Mr.Vishal,

Thanks a lot for your support & response to my query.

Good job, keep it up

Regards,
Keerthi