BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
- Start date
NIFTY is just flat going nowhere, Global markets had a great weakness and we have brushed it off, that was real greatness for India. We salute the sheer dominance we are showing at present against global weakness.
But we are not moving up either, all the energy at present seems to be exhausted just to fight the bears. But once the bears losen their grip on the global peers we should see a great rally. Either a bull run or a bear prowl, we are going to have a ball of time with great moves.
Niether trendiness nor flatness is going to stay forever, markets do change like life does, it is the just the duration that they have dominance, each one has to give way for the other. Now that the sideways move has been running for quite a long time, we are close to a break out. While it is anybody's guess how long the tightness is going to continue.
We have had our eigth consecutive whipsaw trade, though the losses have been curtailed, still it shows high on a total. How far to go to reach a next trend, we do not predict it. We just follow the system with discipline and the rewards will sure follow for the patience we exert.
Hourly charts have closed into a bear signal, short below 5377 of futures with a stop of 5415. Add on increments at 9.25 points below every entry upto 5349.25.
But we are not moving up either, all the energy at present seems to be exhausted just to fight the bears. But once the bears losen their grip on the global peers we should see a great rally. Either a bull run or a bear prowl, we are going to have a ball of time with great moves.
Niether trendiness nor flatness is going to stay forever, markets do change like life does, it is the just the duration that they have dominance, each one has to give way for the other. Now that the sideways move has been running for quite a long time, we are close to a break out. While it is anybody's guess how long the tightness is going to continue.
We have had our eigth consecutive whipsaw trade, though the losses have been curtailed, still it shows high on a total. How far to go to reach a next trend, we do not predict it. We just follow the system with discipline and the rewards will sure follow for the patience we exert.
Hourly charts have closed into a bear signal, short below 5377 of futures with a stop of 5415. Add on increments at 9.25 points below every entry upto 5349.25.
hi Ramesh
I have also faced a few wipshaws recently in a few stocks. .I have a small query.... it would be really helpful if u could tell me, ( as u have stated in ur post that this is the 8th wipshaw that ur system has generated) is 7-8 wipshaws 'normal' before u find a trend or is this an aberration ? also if u could tell me what is the maximum No. of wipshaws that ur system has faced before getting into a trend.
I am asking this question becos I trade mostly on my intution and since u are trading a thouroughly backtested system, thought it would be helpful to know some statistics.
regards
Anurag
I have also faced a few wipshaws recently in a few stocks. .I have a small query.... it would be really helpful if u could tell me, ( as u have stated in ur post that this is the 8th wipshaw that ur system has generated) is 7-8 wipshaws 'normal' before u find a trend or is this an aberration ? also if u could tell me what is the maximum No. of wipshaws that ur system has faced before getting into a trend.
I am asking this question becos I trade mostly on my intution and since u are trading a thouroughly backtested system, thought it would be helpful to know some statistics.
regards
Anurag
Thank you Mr. Anurag, it is not that we have a stipulated no of whipsaw trades before we get into a trend. On an average my system generates close to 3-4 whipsaw before it identifies a trend. But, some 20% of the time it exceeds 6 and high at the most has been 11 so far.
But, one thing I have noticed, as we get into a bigger streak of whipsaw trades, the losses are at the minimum and many a times it keeps going down towards a break out.
You would be interested to know how it is now. Though it is declining it does not show great decrease, there seems to be more left. This is the experience, but things may change too.
But, one thing I have noticed, as we get into a bigger streak of whipsaw trades, the losses are at the minimum and many a times it keeps going down towards a break out.
You would be interested to know how it is now. Though it is declining it does not show great decrease, there seems to be more left. This is the experience, but things may change too.
Many times trading on intuition is much better than back tested systems. Well this depends a lot on the accuracy of intuitions. When market's change, backtested systems can seriously go in for a toss. But a trader hwo has developed strong intuition trading the markets always copes better with the structural changes in the market.
The biggest glitch here is how does one develop a reliable intuition based system? There's no easy answer to this. But yes it is possible.
Tc
The biggest glitch here is how does one develop a reliable intuition based system? There's no easy answer to this. But yes it is possible.
Tc
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