Analysis of charts - discussion share ur views

[SavantGarde]

Hi Vishal,

Please Don't Confuse The Issue, Anant's Query Was On The First Bar Piercing & Clarity Of The Same...Immediate Bar Following Has No Such Condition Except For The Colour Of The Bar.

Happy & Safer Trading

SavantGarde

savant sir what should be our intepretation after the green candle if the red candle close is not touching the bb .thats also reversal signal rite

 

[prasadam]

Hi vishal.

for a trader capital is precious. he should try to preserve it as much as possible. without proper money management a trader will not last long.

Even the best trading systems will have some losing trades and we should be prepared for such draw downs.

so, our first priority should be position sizing & risk management.

cheers.

HI PRASADAM

i liked that explanation but have to test it real time

and for scrips where ther is no bb piercing the 3 conditions what i gave in my setup would be enough to watch a next day trade

thnks for your advice it opened my mind more towards the whole setup

as of now money management i have not worked a lot on it


i rarely use any exposure given by my broking firm sometimes though i use 3 time exposure to the maximum
this way i exit early if my trade goes the other way and i enter the market only when i get a strong signal

thnks a Ton again

 

[prasadam]

oooops.

just saw Savant's posts.



cheers.

 

[vishalalluri]

Hi vishal.

for a trader capital is precious. he should try to preserve it as much as possible. without proper money management a trader will not last long.

Even the best trading systems will have some losing trades and we should be prepared for such draw downs.

so, our first priority should be position sizing & risk management.

cheers.

very true sir

Iexperienced loosing a huge amount of my capital in my early trading days when i just thought trading was a gamble .but after that corrected my mistakes in all ways i could .

thanks to threads on risk and money management at traderji

 

[asnavale]

List of stocks would keep a track on 5th october based on this setup

aditya nuvo
alkalimetals
ispatindustries
kakatiyacements and sugars ltd

Hi Vishal,

I am studying a setup based on a single moving average and no other indicator (It is different from the one I have posted in "Stocks to Keep.... Chap II"). Based on the system I have posted ABIRLANUVO to be kept in Watchlist. see this post:

http://www.traderji.com/equities/29292-stocks-keep-close-eye-chapter-ii-37.html#post368069

I do not have KAKATCEM, ALKALI, ISPATIND in my list which I am studying. After seeing your list I just checked those charts also. The charts with my system also show break out clearly (They are above the Green Line). Your analysis also validates my observation and gives more confidence to me to study it further. The charts are given below:

Thanks for your post.

-Anant

 

[vishalalluri]

Hi Vishal,

I am studying a setup based on a single moving average and no other indicator (It is different from the one I have posted in "Stocks to Keep.... Chap II"). Based on the system I have posted ABIRLANUVO to be kept in Watchlist. see this post:

http://www.traderji.com/equities/29292-stocks-keep-close-eye-chapter-ii-37.html#post368069

I do not have KAKATCEM, ALKALI, ISPATIND in my list which I am studying. After seeing your list I just checked those charts also. The charts with my system also show break out clearly (They are above the Green Line). Your analysis also validates my observation and gives more confidence to me to study it further. The charts are given below:

Thanks for your post.

-Anant

hi anant sir i have watched the post

kakatiyacem,alkali,ispat i saw these scrips while screening the charts manually as iam not able to use amibroker (afl) etc


sir what i could understand from the charts u posted is the close for all these four scrips was above the green line .if iam correct

the green line constitues of which moving average?

can u please check with pidilite also if it shows a break
thnks in advance

 

[asnavale]

hi anant sir i have watched the post

kakatiyacem,alkali,ispat i saw these scrips while screening the charts manually as iam not able to use amibroker (afl) etc


sir what i could understand from the charts u posted is the close for all these four scrips was above the green line .if iam correct

the green line constitues of which moving average?

can u please check with pidilite also if it shows a break
thnks in advance

Hi Vishal,

Yes, PIDILITIND also has broken out.

The Green line in the chart is not an MA. Both the green and red lines are calculated from the MA. That is why they are straight lines. Actually, close above the red line itself is a signal for break out, but some more observations are needed to confirm it. If this is confirmed then the break out can be identified at least one more day earlier. As the system is under development, no details have been worked out and no rules formulated yet. Only manual chart inspection and noting down the conclusions.

Regards

-Anant

 

[vishalalluri]

Hi Vishal,

Yes, PIDILITIND also has broken out.

The Green line in the chart is not an MA. Both the green and red lines are calculated from the MA. That is why they are straight lines. Actually, close above the red line itself is a signal for break out, but some more observations are needed to confirm it. If this is confirmed then the break out can be identified at least one more day earlier. As the system is under development, no details have been worked out and no rules formulated yet. Only manual chart inspection and noting down the conclusions.

Regards

-Anant

looking forward for your system after it would be totally developed

sir u said you would be mailing me checking on when you could meet me

i need a lot of help and guidance from you regarding trading

i wouldnt take a lot of time of yours

 

[prasadam]

Vishal.

another knowledgeable in this member from Hyderabad is Mr. MSR Murthy. Even though I didn't meet him I am very much impressed by his old posts.

There are some really great posts by him in the past.

try to reach him also.

cheers.

 

[vishalalluri]

Vishal.

another knowledgeable in this member from Hyderabad is Mr. MSR Murthy. Even though I didn't meet him I am very much impressed by his old posts.

There are some really great posts by him in the past.

try to reach him also.

cheers.

thnks prasadam sir