BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
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Four out of the ten economic sectors are down in the Red with a loss of above 0.50%, 2 of them, HealthCare and technology closed positive equalling 0.50% gains. While the rest four though closed positive, they just made their head above water.
Market gets into a very tight range, NIFTY is struggling in a narrow range. There is a possibility of a breakout, but before that what would be the amount of damage on the lower time frames. Well trusted systems can veer you out of any possibility.
Trade with caution.
Market gets into a very tight range, NIFTY is struggling in a narrow range. There is a possibility of a breakout, but before that what would be the amount of damage on the lower time frames. Well trusted systems can veer you out of any possibility.
Trade with caution.
Hello Hemant,
Nice to hear from you after a real long time. Dr. Alexander Elder's 'Trading for a Living' is a book which can be likely be said as one book which can give you immense knowledge on all the basic indicators in Technical Analysis.
Knowing the basics and the working process of each indicator that you would use in forming your trading system will help you form a real good trading system. It will give us more confidence to trade.
Once you have the necessary confidence while you place any trade, it is sure to be a winner.
After this book, 'Come into my Trading Room' by the same author is more helpful in giving us a broad idea of a particular trading system, you can either use the same system in your trading or have some modifications done to it based on the knowledge you would gain from reading these books.
Once you are done with your trading system, test it with a broad category of stocks from various sectors minimum with a 3 years of back data. This will go a long way in giving you the confidence build up necessary to be a successful trader.
Do feel free to write to me on any doubts that you would come across in the process of your evolution in forming your trading system.
Thank you,
D S Ramesh
Nice to hear from you after a real long time. Dr. Alexander Elder's 'Trading for a Living' is a book which can be likely be said as one book which can give you immense knowledge on all the basic indicators in Technical Analysis.
Knowing the basics and the working process of each indicator that you would use in forming your trading system will help you form a real good trading system. It will give us more confidence to trade.
Once you have the necessary confidence while you place any trade, it is sure to be a winner.
After this book, 'Come into my Trading Room' by the same author is more helpful in giving us a broad idea of a particular trading system, you can either use the same system in your trading or have some modifications done to it based on the knowledge you would gain from reading these books.
Once you are done with your trading system, test it with a broad category of stocks from various sectors minimum with a 3 years of back data. This will go a long way in giving you the confidence build up necessary to be a successful trader.
Do feel free to write to me on any doubts that you would come across in the process of your evolution in forming your trading system.
Thank you,
D S Ramesh
hi ramesh thank you very much for your help.I have downloaded both the books from 4shared.com also i have downloaded charting software from chartnexus.com.the software is full of indicators and RT importing files also with 3 year EOD data for nse & bse .really the software is GREAT.i m reading the books ,these are looking really good as i want.thanx again.as i m going to little free as my batches are going to over next month onwards ,so I m thinking to utilize my spare time to learing new things.ramesh do u know any charting software for commodites ,free to download like chartnexus.?
I listened that charting softwares (not all) indicates when to buy/sell.they indicate us to take position for buying or selling.is it true?you worked on metastock n amibroker . do these softwares indicates?please comment.
waiting for ur reply
regards:
hemant
Thanks Hemanth,
Our charts, indicators and technical's are windows to mass psychology of the markets. Once we start understanding the concepts and basics of how it works, you will be able to locate buy and sell signals from it.
There are no holy grails in trading, we have to put our efforts. Undergo challenges before we find a method which is apt for us. Apart from entries and exits, you need to have a proper money management system & a written plan of your rules.
If we follow our own rules with discipline, that in turn will take us way ahead in becoming a successful trader.
Thanks
D S Ramesh
Our charts, indicators and technical's are windows to mass psychology of the markets. Once we start understanding the concepts and basics of how it works, you will be able to locate buy and sell signals from it.
There are no holy grails in trading, we have to put our efforts. Undergo challenges before we find a method which is apt for us. Apart from entries and exits, you need to have a proper money management system & a written plan of your rules.
If we follow our own rules with discipline, that in turn will take us way ahead in becoming a successful trader.
Thanks
D S Ramesh
TATACOFEE the super best stock
TATACOFEE today ranked the top most among all the stocks traded in India. It has an EPS rank of 91.50, Relative strength 98.30, Accumulation rank 91.80 and its Sales and net profit growth is at 92.70. Volumes have seen considerable increase over its average.
Trade long in the vicinity of 860-875 with a stop of 791.00 for a target of 1200.00
TATACOFEE today ranked the top most among all the stocks traded in India. It has an EPS rank of 91.50, Relative strength 98.30, Accumulation rank 91.80 and its Sales and net profit growth is at 92.70. Volumes have seen considerable increase over its average.
Trade long in the vicinity of 860-875 with a stop of 791.00 for a target of 1200.00
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